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U.S. markets recover from steep losses
TORONTO, July 8 (UPI) -- The president of the Canadian Auto Workers union, Buzz Hargrove, announced in Toronto Tuesday he will retire in September.
Hargrove has led the CAW since 1992, seven years after it split off from the United Auto Workers, the Globe and Mail reported.
The union's national executive board is gathered in Toronto to vote on Hargrove's replacement in the group's first contested leadership bid since 1985, the report said.
Hargrove turns 65 early next year, which is the mandatory retirement age in the union.
His successor faces a rocky time as Canada's automotive industry is reeling from the announcement of the closing of a large General Motors plant in Oshawa, east of Toronto, next year. That will eliminate more than 2,000 jobs, and small GM suppliers have already begun shuttering their plants.
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ANCHORAGE, Alaska, May 24 (UPI) --
Officials at BP said the spill of an estimated 4,200 gallons of crude oil and associated water was contained at a site at the Prudhoe Bay field in Alaska.
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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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