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Ford plant turns ‘cemetery’ as Trump wrenches Mexican autos

Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald Trump's agenda poses to the country's broader economy. Many auto parts makers had started to expand in …

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Ford plant turns ‘cemetery’ as Trump wrenches Mexican autos

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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

By David Shepardson and Joel Schectman WASHINGTON (Reuters) – Volkswagen AG and the U.S. Justice Department are nearing an agreement to resolve the government's civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday. Volkswagen is also expected to face oversight by an outside…

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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

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In sign of more hawkish Fed, Evans nods to three rate hikes

Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. The comments from Evans, a voting member of the Fed's policy committee this year, reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.

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In sign of more hawkish Fed, Evans nods to three rate hikes

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U.S. job growth slows, but wages rebound strongly

U.S. employment increased less than expected in December but a rebound in wages pointed to sustained labor market momentum that sets up the economy for stronger growth and further interest rate increases from the Federal Reserve this year. Nonfarm payrolls rose

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U.S. job growth slows, but wages rebound strongly

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Oil price rally likely short-lived as OPEC deal not enough to reduce glut

“The cut by OPEC will be largely offset by increases in U.S. production where the rig count has already increased,” said India Oil Corp's Director of Finance A K Sharma. Higher oil prices and lower production costs are encouraging

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Oil price rally likely short-lived as OPEC deal not enough to reduce glut

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Jobless claims rise to five-month high

WASHINGTON, Dec 1 (Reuters) – – The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 268,000 for the week ended Nov. 26, the Labor Department said on Thursday. Despite the increase, claims remained below the 300,000 threshold, which is associated with a healthy…

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Jobless claims rise to five-month high

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Boeing won’t raise 787 production unless market demands it

By Alwyn Scott NEW YORK (Reuters) – Boeing Co said on Wednesday it will not increase 787 output unless sales improve, its clearest indication yet that its large jetliner production may have peaked for now. “If the market's not going to demand it, we're not going to go,” Chief Financial Officer Greg Smith said on the sidelines of an investor conference in New York organized by global investment bank Jefferies, confirming remarks made during …

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Boeing won’t raise 787 production unless market demands it

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Exclusive: ACT shakes up security unit, plans audit after cheating reports

LONDON/SHANGHAI (Reuters) – ACT Inc, maker of America’s most popular university entrance exam, is laying off its head of test security and plans to audit nearly 200 education centers after Reuters detailed widespread …

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Exclusive: ACT shakes up security unit, plans audit after cheating reports

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Delta cancels hundreds more flights, expects normal operations soon

Delta, the No. 2 U.S. airline by passenger traffic, said systems that allow customer service agents to process check-ins and dispatch aircraft are now functioning normally. As of 2:30 p.m. EDT (1830 GMT), Delta said it had canceled 311 flights on the day, adding to the more than 1,600 cancellations since Monday. Another 2,540 flights departed on Wednesday, with 70 percent of them within 30 minutes of their scheduled times, the airline said.

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Delta cancels hundreds more flights, expects normal operations soon

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U.S. jobs openings increase in June, layoffs near two-year low

U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further, according a government report on Wednesday. The Labor Department's monthly Job Openings and Labor Turnover Survey (JOLTS) report also suggested a growing skill shortage, which

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U.S. jobs openings increase in June, layoffs near two-year low

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