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- Gearing up for a change
DETROIT – General Motors Corp. is planning a flexible portfolio of cars and trucks that will change with market demand and the price of gasoline, GM Chairman and CEO Rick Wagoner said yesterday.
- GM boosts powertrain warranty
In an effort to improve the perception of its quality, General Motors announced yesterday an enhanced powertrain warranty of five years and 100,000 miles for its 2007 model-year vehicles.
- Rate-hike fears hurt market
NEW YORK – U.S. stocks fell yesterday, with the Nasdaq composite index posting its sharpest drop in seven weeks, as investors dumped shares of riskier sectors such as technology and home builders on signs that wage inflation may force the Fed to again lift interest rates.
- BUSINESS BRIEFING
Mortgage applications edge upward
Applications for U.S. home mortgages edged higher last week as lower loan rates helped encourage more home purchases for the first time since early August.
- On the move
- Productivity slows while wages post increase
WASHINGTON – The productivity of American workers slowed in the spring while wage pressures increased.
- IVow being acquired by firm in Dallas
IVow, a financially troubled bariatric surgery consulting and management company in San Diego, has agreed to be sold for $3.5 million to Crdentia, a Dallas nurse and health staffing company, the companies announced yesterday.
- Ford workers in tune with outsider CEO
WASHINGTON – Ford Motor Co. workers spent yesterday adjusting to the idea of an outsider running the company, but people who know new CEO Alan Mulally say they have little doubt about his future.
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