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U.S. markets recover from steep losses
WILMINGTON, Del., May 8 (UPI) -- Ford Motor Co. Executive Chairman Bill Ford Jr. praised company Chief Executive Officer Alan Mulally at the annual shareholder meeting, sources said.
"Alan Mulally has done a fantastic job, and you've seen the results every quarter," Ford told shareholders at the meeting in Wilmington, Del., Thursday.
"He's done it quicker than I thought he would," Ford said.
The company's turnaround was evident in its 2008 first quarter report, when it posted a net income of $100 million, compared with a net loss of $282 million one year ago, 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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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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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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