archives

Cargo Plane Was Carrying Four Tons Of Auto Parts From Canada

A Michigan company's plane carrying auto parts for a General Motors Corp. plant crashed Sunday as it was trying to land in northern Mexico, killing the pilot and severely injuring the co-pilot.

The plane crashed before dawn Sunday half a mile from the runway in Ramos Arizpe, 200 miles south of the U.S.-Mexico border, sai...

The downturn in the automotive sector is causing mass layoffs at parts makers, including some that also manufacture for OPE. Mahle plans to cut 120 jobs at its plant in Tilbury, Ontario, while Dana Corp. says it will lay off 95 workers at its factory in Toledo, Ohio. Akron Beacon Journal (Ohio) (07/05) London Free Press (Ontario, Canada), The (07/04)

SmartBrief brings you news, research, ...

Toronto’s S&P/TSX composite index fell 221.56 points early in the afternoon to 13,788.83.

New York indexes were also in negative ground, retreating from strong morning gains.

Oil prices were down sharply from last Thursday’s record high close, tumbling $5.26 to US$140.03 a barrel, in part because of a stronger U.S. dollar.

The TSX energy sector was down more than two per c...