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U.S. markets recover from steep losses
TORONTO, July 7 (UPI) -- Some 150 Toronto-area autoworkers laid off last week from a bankrupt plastic molding company were ignoring a court order Monday to end a blockade.
The group set up the blockade Friday at Progressive Moulding Products Ltd., a day after the company announced it was under bankruptcy protection and selling off its manufacturing equipment to meet debts, the Toronto Sun reported.
Sunday, a judge issued an order to dismantle the blockade, saying car manufacturers would "lose millions of dollars per hour" if there was a production delay because of the protest.
York Regional Police, northwest of Toronto in Concord said they were trying to assist both sides in negotiations but no physical attempt to break up the blockade had been made by Monday morning, the report said.
General Motors' announcement of four plant closures in Canada, Mexico and the United States set off a number of small Canadian suppliers shuttering their businesses.
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DAMASCUS, Syria, May 24 (UPI) --
The Syrian government has lost about $4 billion since September because of sanctions placed on oil exports, the country's petroleum minister said.
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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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