VIDEO: Second Quarter Growth Slows
(Washington, DC) -- The U.S. economy's growth lost steam in the second quarter with less consumer spending and investments in overseas equipment. New data from the Commerce Department finds the gross domestic product grew at a two-point-four-percent rate ...Read More
|
VIDEO: Obama Touts Comeback Of U.S. Auto Industry
(Detroit, MI) -- President Obama is touting the comeback of the U.S. auto industry. Speaking at a Chrysler plant in Detroit, Obama said, quote, "We are coming back!" He said last year's federal auto bailouts of GM and Chrysler saved about one-million jobs ...Read More
|
Chrysler Sterling Heights, Michigan Plant Stays Open
(Sterling Heights, MI) -- Chrysler plans on adding another shift at its Sterling Heights, Michigan assembly plant. The move will reportedly add 900 jobs to the plant by early next year. In addition, the company says it will keep the Detroit areafacility open beyond its previously planned closure date of 2012 ...Read More
|
Disney Sells Miramax To Investor Group
(Los Angeles, CA) -- The film studio Miramax is changing hands. The Walt Disney Company says it has sold Miramax for approximately 660-million dollars to an investor group. The group includes construction magnate Ron Tutor and investment firm Colony Capital ...Read More
|
Toyota Recalls Avalon, Lexus SUV Models
(Detroit, MI) -- Over 400-thousand high-end passenger cars and SUVs in the U.S. and Canada will be recalled by Toyota Motor Corporation. The automaker says it needs to fix steering problems on the vehicles ...Read More
|
Filings For Jobless Benefits Fell More Than Expected
(Chicago, IL) -- New claims for unemployment benefits fell slightly more than expected last week. The Labor Department says 457-thousand initial claims were filed in the week ending July 24th, eleven-thousand fewer claims than the previous week ...Read & Hear More
|
