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Sales of new U.S. homes rebounded to the best pace in almost a year and exceeded estimates in February, led by the Midwest, as lower mortgage costs helped buyers afford properties.
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U.S. consumer sentiment climbed in March by more than initially reported as views grew rosier about current economic conditions.
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Paccar Inc.’s engine plant in Columbus, Miss., reached a milestone recently by producing its 200,000th MX engine for the North American market.
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Fiat Chrysler Automobiles NV is cutting about 1,500 jobs at a factory in Canada that’s scaling back production due to slowing minivan sales.
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