Detroit firms focus on design and quality for long-term success
J.D. Power’s initial quality study shows Lexus top this year with high marks for reliability and design. Toyota sweep includes 10 segment awards and top plant honors, while Mini ranks last with 165 problems per 100 vehicles. Chrysler ties for a segment award with Honda CR-V on the compact activity vehicle.
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David Sargent
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Youth employment surge funded by stimulus package
Government stimulus funds extend to teens across the country with $1.2 billion for youth employment. In Colorado teens like 17 year old Ryan Stewart work part time at Rocky Mountain Arsenal National Wildlife Refuge earning $7.50. Programs aim to place 13,300-plus summer jobs in museums parks and camps nationwide with 125,000 by Biden’s figures though unverified.
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Kodak to retire Kodachrome after 74 years
Eastman Kodak Co will retire Kodachrome due to waning demand in a digital age. Once a 1950s and 60s icon, the color film now accounts for a fraction of one percent of sales, with only one commercial lab worldwide still processing it. Mary Jane Hellyar notes the challenge of retiring an icon while digital revenue dominates.
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Rochester
N.Y
Paul Simon
Kodak
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Simon
Mary Jane Hellyar
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Crude dips under $67 as World Bank cuts forecast
Benchmark crude falls nearly 4 percent to $66.93 on the Nymex after the World Bank lowers its global growth outlook. The August contract slipped while July expired. U.S. pump prices eased 0.3 cents to $2.69 as gas demand and refinery output shift energy markets.
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New York Mercantile Exchange
World Bank
U.S
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