Builders rushed to start homes in November, with that key measure of the housing recovery enjoying a huge one-month jump. Housing starts grew at an annual pace of 1.09 million, up nearly 30% from a year ago.
Ford Motor Co. (F:US), entering its busiest year for new car and truck introductions ever, said that the cost of bringing those vehicles to market will lead to a decline in its pretax profit next year.
Investing.com - The number of building permits issues in the U.S. fell less-than-expected in November, remaining near the highest level since January 2008, official data showed Wednesday.
Boeing Co. (BA:US) promoted Dennis Muilenburg, who runs the planemaker's defense unit, to the new post of chief operating officer today as it begins planning for an eventual successor to Chief Executive Officer Jim McNerney.
Archer-Daniels-Midland Co. (ADM), the world's largest corn processor, will move its global headquarters to Chicago from Decatur in Illinois.