The world's largest economy expanded more than previously projected in the first quarter as improved performance in trade and business investment more than made up for weaker consumer spending.
Midland-based Dow Chemical Co. said today that it will cut more than 10 percent of its workforce in Michigan as a result of its takeover of Dow Corning amid a pending merger with rival DuPont.
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Home prices continued rising at a steady clip in April, a reassuring signal of strength in the U.S. economy amid global uncertainty.
Financial markets on Tuesday flashed their first signs of stabilization as the Dow jumped more than 200 points after the worst-ever two-day paper loss for the world's stock markets in the wake of the United Kingdom's vote to exit the European Union.