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Consumer Corner: Foreclosure settlement no magic bullet for economy
STOCKHOLM, Sweden, Sept. 12 (UPI) -- Swedish car company Volvo has announced it would layoff 900 workers, three months after it trimmed its workforce by 1,700.
Volvo recently said it would cut 1,200 workers at plants in Gothenburg and Olofstrom and 500 consultant positions.
"We looking at a redundancy of about 900 people on account of our lower sales. We need to fit into a new suit and can't afford to be adding to the team," Volvo spokesperson Olle Axelson told Swedish news agency Tidningarnas Telegrambyra.
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SYDNEY, Feb. 13 (UPI) --
Researchers in Australia are developing a solar roof system that uses wasted energy to warm air and water.
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WASGHINGTON, D.C., Feb. 13 (UPI) --
Defense industries are weighing the potential impact of proposed defense cuts running into tens of billions of dollars over the next 10 years.
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Local markets will probably not be swamped by waves of foreclosures following the multi-state mortgage settlement announced yesterday. Rather, the huge inventory of one to two million foreclosures will enter markets gradually....
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Investors will not have the distraction of financial reports to look forward to this week. They will have to look at the spot news headlines instead.
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