Ford hires 1200 for Fusion plant near Detroit
Ford will add 1,200 workers at the Flat Rock Assembly Plant to build the 2013 Fusion, with a second shift next spring and a $555 million equipment upgrade. The move follows strong U.S. auto sales and Ford’s plan to boost U.S. production by shifting some jobs from Mexico.
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Ford Americas
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Rick Snyder
Solis
Ford Motor Co
Mexico
Mazda Motor Corp
Kodak reshuffles execs as it cuts thousands in bankruptcy exit
Eastman Kodak Co says it has cut about 2,700 employees worldwide since the start of the year and plans a further 1,000 layoffs by year end 2012. The moves aim to save roughly 330 million annually and align the business as it reorganizes into three segments: Digital Printing and Enterprise, Graphics, and Entertainment and Commercial Films. Rebecca Roof will serve as interim CFO.
MENTIONED IN THIS ARTICLE
New York
Kodak
Eastman Kodak Co
Canon
Rebecca A. Roof
AlixPartners
Roof
BP sells gulf assets to Plains Exploitation for 5.55 billion
BP agrees to sell deep water Gulf of Mexico assets to Plains Exploration for 5.55 billion dollars. The deal includes the Marlin hub Horn Mountain Holstein and stakes in Ram Powell and Diana Hoover with a 50 percent Holstein stake sale from Shell Offshore for 560 million.
MENTIONED IN THIS ARTICLE
London
Gulf Mexico
Plains Exploration & Production Co
Gulf
Marlin
Horn Mountain
Holstein
Ram
Powell
Diana Hoover
Plains
Shell Offshore Inc
China
Beijing
The
China Association
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Philip J. Faraci
Antoinette P. McCorvey
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