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U.S. markets recover from steep losses
TORONTO, June 6 (UPI) -- The Canadian Autoworkers Union vowed Friday to maintain the blockade of General Motors Canada's head office in Oshawa, Ontario.
CAW President Buzz Hargrove told CTV News the company had acted in bad faith after collective bargaining May 14 and then announcing Tuesday the closure of the plant that employs 2,500 people.
Wednesday, workers set up roadblocks at corporate headquarters, forcing employees to park outside and walk in.
Hargrove cited the agreement to keep the plant open through the life of the contract until 2011, but GM's announcement said it would close in 2009, along with two U.S. plants and one in Mexico.
GM said soaring gasoline prices and the associated plummet in demand for trucks were behind the closure decision.
Thursday, the Conservative government told GM there was $250 million fund it could tap into to keep the plant at least partially productive on other models.
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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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