Stocks struggle as investors weigh economic news
The stock market continued its sluggish start to the month on Wednesday.
MFA Oil to buy site of failed sweetener factory
MFA Oil Co. plans to buy the 33-acre site in Moberly where Mamtek U.S. had planned to build an artificial sweetener plant before that company collapsed, MFA officials said.
India refuses to budge on subsidies at WTO talks
Chances of a breakthrough in global trade negotiations dimmed Wednesday as India refused to budge on food subsidies that are an obstacle to an eleventh-hour agreement at a World Trade Organization summit.
In Japan, General Motors has high hopes, low sales
General Motors says it’s in Japan for the long haul despite sales of Cadillac and Chevrolet models barely surpassing 1,000 vehicles a year.
SPX selling stake in EGS Electric for $571 million
SPX is selling its minority interest in the joint venture EGS Electric Group LLC to its partner Emerson Electric Co. for $571 million.
Strong US jobs report keeps lid on markets
A forecast-busting U.S. jobs report maintained the pressure on stocks Wednesday as it reinforced speculation that the Federal Reserve will start to reduce its monetary stimulus this month.
Stocks sink on Fed, US consumer spending worries
Stocks headed lower Tuesday as investors continued to worry about the Federal Reserve winding down its economic stimulus program and weak consumer spending in the U.S.
Boeing incentives could total $1.7B
Missouri’s bid for a Boeing assembly plant could include more than $1.7 billion of incentives over two decades if the airplane manufacturer adds thousands of jobs, according to new information about the proposal released Tuesday.
Employers step in to prevent worker burnout
Volkswagen turns off some employees’ email 30 minutes after their shifts end.
Detroit to get crucial ruling in bankruptcy case
A judge was expected to announce Tuesday whether Detroit can come up with a plan to get rid of $18 billion in debt in the largest public bankruptcy in U.S. history, a case that ultimately could crack a shield protecting public pensions and also put the city’s extraordinary art collection up for grabs.
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- Stocks struggle as investors weigh economic news