Ford to invest in Louisville plant add 2000 jobs
Ford will spend 1.3 billion dollars to add 2,000 jobs at its Louisville truck plant in Kentucky to build the next generation Super Duty with aluminum bodies. The investment follows a 2011 labor deal and precedes a 600 million expansion for Expedition and Navigator production at the same site.
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VW faces challenging December and 2016 start for brand
Anand says VW could face a difficult December and early 2016 as the brand contends with a small US market. VW Group sold 490000 vehicles worldwide in October, down 5 percent from a year earlier. November global sales data were not yet released.
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Markets end week higher as banks lead gains
Stocks rose with the Dow up 168.43 points to 17888.35 the S&P 500 up 22.22 to 2102.63 and the Nasdaq up 47.64 to 5156.31 Banks such as JPMorgan Chase Goldman Sachs and Bank of America posted gains as investors weighed ECB and Fed policy decisions this month.
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CEOs outlook sinks to three-year low amid tax and global concerns
The Business Roundtable reports a three year low in its quarterly index as CEOs forecast weaker sales and capital spending. Randell Stephenson of AT&T cites tax code uncompetitiveness and stalled reforms as key issues. Short term hiring remains steady with 35 percent planning growth.
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Paris
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China
Senate panel says drug maker priced hepatitis drug for profits
A Senate Finance Committee report accuses Gilead Sciences of prioritizing revenue over patients with Sovaldi and Harvoni. It notes prices of $1,000 per pill and $94,500 per treatment course, and cites internal memos predicting advocacy backlash at higher prices.
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Senate report cites Gilead pricing Sovaldi to maximize revenue
The Senate Finance Committee found Gilead priced Sovaldi to maximize future Havroni profits, offering about 10 percent supplemental discounts to states only if Medicaid restrictions on access were dropped. The report notes limited access, high costs, and billions in Medicare drug spending, with state restrictions widespread and 2014 treatment rates at 2.4 percent of eligible Medicaid beneficiaries.
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Avon business showcases window treatments and service
Gotcha Covered of Avon offers wood and faux blinds Roman shades and more with a five year warranty. Owner Benedict emphasizes in home measurements and installations plus strong communication. Service area includes Lorain and Cuyahoga counties with plans to expand to Columbus.
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