Susan Tompor Detroit Free Press Published 9:22 p.m. UTC Aug 27, 2018 A preliminary new trade deal between the United States and Mexico kicked off a "relief rally" on Wall Street that took auto stocks along for a pretty smooth ride. The Dow Jones industrial average gained 259.29 points or 1.01 percent Monday to close at 26,049.64 points. The Dow is within striking distance of its record high of 26,616.71 points, which was set on Jan. 26. General Motors stock closed Monday at $37.69 a share — up $1.74 or 4.84 percent. Ford Motor stock closed at $9.99 a share — up 31 cents or 3.20 percent. Fiat Chrysler Automobiles closed at $17.63 a share — up 81 cents or 4.82 percent. Auto supplier Lear Corp. closed at $168.57 a share — up $4.35 or 2.65 percent. Dana Inc. closed Monday at $20.88 a share — up 98 cents or 4.92 percent. Christopher M. Ruth, senior portfolio manager for Key Private Bank in Toledo, said he … [Read more...] about Auto stocks take off on news of a trade deal between U.S. and Mexico
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Tsuyoshi Inajima and Paul Burkhardt, Bloomberg 6:27 am CDT, Monday, August 27, 2018 Oil rigs in Permian Basin outside of Midland. Oil rigs in Permian Basin outside of Midland. Photo: Michael Ciaglo, Staff / Houston Chronicle Photo: Michael Ciaglo, Staff / Houston Chronicle Image 1 of / 1 Caption Close Image 1 of 1 Oil rigs in Permian Basin outside of Midland. Oil rigs in Permian Basin outside of Midland. Photo: Michael Ciaglo, Staff / Houston Chronicle Oil above $68 as U.S. rigs drop at fastest pace since 2016 1 / 1 Back to Gallery Oil held above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the U.S. and Mexico. Futures in New York were little changed, … [Read more...] about Oil above $68 as U.S. rigs drop at fastest pace since 2016
“The Funeral,” by Matt James (Groundwood) In The Funeral (Groundwood, Ages 5 to 8), Matt James offers a lighthearted — yet not irreverent — look at the rituals of death, through the eyes of a child. Young Norma spends a day out of school to attend her great-uncle Frank’s funeral. She practices her sad face in the mirror but looks forward to seeing her younger, favorite cousin, Ray. She tries sounding out the word on the flag attached to their car: FUNeral. “Mom, Uncle Frank was really old, right?” Norma asks. At the church, out in the countryside, the funeral seems very long, “with all that talk about God and souls, and not very much talk about Uncle Frank.” Norma and Ray are allowed to slip away from the reception into the nearby meadow, filled with flowers, under a pink-blossomed tree. The clear blue sky seems huge with the church looking “as though it might fall off the ground and fly away in the heat of the … [Read more...] about Best new children’s and YA books to read this month
The National Labor Relations Board has filed an amended complaint against Tesla, reigniting a fight between the independent government agency and the automaker over alleged workplace violations. Tesla is reeling from a particularly troublesome week, after a safety regulator launched an investigation into a deadly crash involving a Model X and Moody’s downgraded the automaker’s credit rating, potentially making it more expensive for it to borrow money. Tesla’s stock price took a nosedive in response to the news. Now the automaker has to address claims from the NLRB. Last August, the labor agency filed a complaint against Tesla, saying it found merit to allegations previously made by Tesla employees about unfair labor practices. The filing came after months of organizing by pro-union employees who were supported by the United auto Workers. A hearing was scheduled for mid-November, but the NLRB had postponed it to investigate new claims brought by workers. After months … [Read more...] about U.S. Labor Agency Files Amended Complaint Against Tesla For Alleged Worker Rights Violations
Subaru of America is fresh off its best U.S. sales year.Its lineup is anchored by three all-wheel-drive crossovers that remain in strong demand, and the brand has achieved 74 consecutive months of year-over-year sales increases.This year, with a flowing pipeline of fresh products headed to retailers, including its largest model ever, the three-row Ascent, Subaru anticipates it will chalk up still another record sales year in the United States.That hasn't always been the narrative for Subaru, a car brand created by the Japanese industrial conglomerate formerly known as Fuji Heavy Industries.This month, as the automaker marks its 50th anniversary of selling vehicles in the U.S., Subaru of America officials and people who shaped today's business over the last few decades remark that success has been a long, and occasionally bumpy, road.Since its start here in 1968 as an importer of a quirky microcar called the 360, Subaru has fought — and usually won — a slew of uphill battles … [Read more...] about Underdog Subaru celebrates 50 years in the U.S.