Ford Motor News
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Updated 2 hours, 44 minutes ago
News Corp., the media company controlled by billionaire Rupert Murdoch, expects to write down the value of its soon-to-be-independent publishing business by $1.2 billion to $1.4 billion this quarter.
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Updated 42 minutes ago
News Corp., set to split in two this June, announced a new slate of board members for each company as well as a $500 million stock repurchasing fund for the publishing business.
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Orders for U.S. durable goods increased more than forecast in April, indicating the world’s largest economy will get a lift in the second half of the year as business investment strengthens.
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Prime Minister Shinzo Abe today becomes the first Japanese leader to visit Myanmar in 36 years as his nation’s companies seek to invest in the former dictatorship, which has some of the cheapest labor in Asia.
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Ford Motor Co. Falcons, driven by Mel Gibson in Australia’s 1979 movie “Mad Max,” have rolled off a Melbourne production line for 53 years. Now, like Max’s “last of the V-8s,” their days are numbered.
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U.S. stocks retreated, giving benchmark indexes their first back-to-back drops in one month, as a contraction in China manufacturing offset American housing data and investors weighed Federal Reserve stimulus comments.
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Fewer Americans applied for unemployment benefits last week, and consumer confidence approached a five-year high as the biggest part of the economy benefits from improving job and housing markets.
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Ford Motor Co. will stop making cars in Australia, nine decades after founder Henry Ford first began building Model Ts in the country, as a surge in the currency undermines the local industry’s ability to compete with imports.
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Ford Motor Co., gaining more U.S. market share than any other automaker this year, will add capacity to build 200,000 more vehicles annually in North America on demand for F-Series pickups and Fusion sedans.
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U.S. Senate Minority Leader Mitch McConnell, the congressional sponsor of economic sanctions against Myanmar, said he won’t seek their extension in light of the former military regime’s shift toward democracy.
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