The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.29%. Borrowing ...
FRANKFURT, Germany (AP) — Ford Motor Co. says it will reduce its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker than expected sales of electric cars. Ford said Wednesday most of the job cuts ...
Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel, stiffer competition from bigger carriers, and a failed attempt to sell the airline to JetBlue. Spirit, the biggest U.S. ...
IRON MOUNTAIN — After a year of speculation and months of renovation, the wait is over. Somewhere is now open for business at 427 S. Stephenson Ave. in the Downtown Plaza, the corner storefront formerly occupied for 54 years by Don Khoury’s The Wishing Well gift shop. Despite some ...
DETROIT (AP) — General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave ...
IRON MOUNTAIN — Budget Host Inn has joined the Dickinson Area Chamber of Commerce, which hosted a ribbon-cutting ceremony at the business to celebrate. The Pokhrel family recently purchased Budget Host Inn and moved to Iron Mountain to manage the hotel. Budget Host Inn offers direct ...