Corporate cash-hoarding continues
Even as the economy improves, corporate America continues to pile up record amounts of unused cash, Bloomberg reports. Read more at Counterparties
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Ford to invest $773 million across southeast Michigan
A logo of a Ford car is pictured during a press presentation prior to the Essen Motor Show in Essen November 30, 2012.
Credit: Reuters/Ina Fassbender
(Reuters) - Ford Motor Co (F.N) plans to invest more than $773 million on new equipment and capacity expansions across six manufacturing facilities in southeast Michigan in the United States.
The investment plan is part of its commitment to invest $6.2 billion in U.S. plants by 2015, the automaker said early on Thursday.
(Reporting by Sakthi Prasad in Bangalore; Editing by Daniel Magnowski)
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