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U.S. markets recover from steep losses
DETROIT, March 5 (UPI) -- Ford Motor Co. announced Wednesday it will send every employee in the United States and Canada a bonus check of at least $1,000.
Hourly workers wouldn't have received any merit bonus this year, given the company's losses of $2.7 billion last year, a memo sent to employees said.
But, Ford Chief Executive Officer Allan Mulally's memo noted "significant progress on our plan to transform Ford Motor Co. into a lean global enterprise."
The company "fell short of our market share goals," the memo said. But, the company "fully met or exceeded our objectives in every other category, namely cost performance, quality, automotive cash flow and financial results," Mulally wrote.
Salaried employees could expect larger bonus checks, The Detroit News reported.
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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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