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U.S. markets recover from steep losses
DETROIT, July 27 (UPI) -- Dieter Zetsche, chief executive officer of DaimlerChrysler, issued what Detroit observers called a farewell message to Chrysler employees Friday.
Zetsche and Chrysler CEO Tom LaSorda thanked workers for their service in an e-mail message and urged continued relationship with Mercedes, the Detroit Free Press said.
They said they would embark soon "on new and promising futures as two separate companies."
People familiar with the e-mail described it as a good-bye from Zetsche, the Free Press said.
DaimlerChrysler plans to sell 80.1 percent of Chrysler to Cerberus Capital Management, a private equity firm, but work together on several projects such as diesel, hybrid and fuel cell technology and electrical component development.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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