Auto supplier Magna to invest $790 mln to build three new facilities
Business

Auto supplier Magna to invest $790 mln to build three new facilities

July 20 (Reuters) – Canadian auto parts maker Magna International Inc (MG.TO) said on Thursday it will invest $790 million to build three new supplier facilities, two of which will be housed at Ford Motor Co’s (F.N) BlueOval City campus in Tennessee.The development comes as suppliers race to meet requirements from automakers, who have been… […]

U.S. Added 428,000 Jobs In April—Beating Expectations As Hot Labor Market Spurs Fed Rate Hikes
Business

U.S. Added 428,000 Jobs In April—Beating Expectations As Hot Labor Market Spurs Fed Rate Hikes

Topline The U.S. added back another 428,000 jobs in April, performing better than economists expected as the strong labor market recovery encourages Federal Reserve officials to more aggressively raise interest rates in their fight against inflation—even as stocks tumble over the potential implications for earnings growth. Workers assemble cars at the renovated Ford’s Chicago Assembly… […]