Daily Archives: February 26th, 2010
Ford to invest $155M, add jobs at engine plant
CLEVELAND – Ford Motor Co. said it will spend $155 million upgrading a factory to build a new fuel-efficient V6 engine for the 2011 Mustang and expects to add 60 jobs as a result. Ford says the upgrades are part of $1.8 billion in investments for engineering and facility modernization that will support its 2011 [...]
Duck! Watch out for falling home prices
Les Christie, staff writer, On Thursday February 25, 2010, 10:08 am EST Despite signs that the real estate market might be lurching forward, prices are expected to fall further this year and next. The average home price in the United States will fall by about 6% by September 2011, according to a joint report between [...]
Brisk 5.9 percent growth in Q4 will likely fade
JEANNINE AVERSA, AP Economics Writer WASHINGTON – The economy rocketed ahead at a 5.9 percent pace in the final quarter of 2009, stronger than initially estimated. But the growth spurt isn’t expected to carry over into this year. The fresh reading on the nation’s economic standing, released by the Commerce Department on Friday, was better [...]
January home sales fall 7.2 percent
By ALAN ZIBEL, AP Real Estate Writer WASHINGTON – Sales of previously occupied homes took a large drop for the second straight month in January, falling to the lowest level since summer. It was another sign the housing market’s recovery is faltering. The National Association of Realtors said sales fell 7.2 percent to a seasonally [...]