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U.S. markets recover from steep losses
AUBURN HILLS, Mich., Jan. 3 (UPI) -- Chrysler LLC says it has received the $4 billion that the U.S. Treasury agreed to loan the struggling U.S. automaker in December.
In a statement issued Friday by Chrysler Chairman and CEO Bob Nardelli said he appreciates the Treasury Department's confidence in Chrysler, the Detroit Free Press reported.
"This initial loan will allow the company to continue an orderly restructuring, while pursuing our vision to build the fuel-efficient, high-quality cars and trucks people want to buy, will enjoy driving and will want to buy again," Nardelli said.
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BEIJING, May 24 (UPI) --
China National Offshore Oil Corp. announced Thursday it made a new oil discovery in the shallow waters of south Liaodong Bay.
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LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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