NA­TIONAL

Richmond Times-Dispatch - - BUSINESS -

Mort­gage buyer Fred­die Mac says the av­er­age

30-year fixed mort­gage rate in­creased to 3.91 per­cent, from 3.85 per­cent a week ago. The 15-year home loan also jumped, ris­ing to 3.21 per­cent, from 3.15 per­cent.

The La­bor Depart­ment says weekly ap­pli­ca­tions for U.S. un­em­ploy­ment aid fell 15,000 last week to a sea­son­ally ad­justed 243,000.

Gen­eral Mo­tors plans to shut­ter a Detroit car fac­tory for five weeks, lay­ing off 1,500 work­ers as it tries to keep in­ven­tory un­der con­trol. The Detroit-Ham­tramck plant makes the Chevro­let Im­pala, Cadil­lac CT6, Buick Lacrosse and Chevro­let Volt hy­brid.

Tesla Inc. is re­call­ing 11,000 Model X SUVs world­wide be­cause their rear seats might not lock into place. The re­call in­volves ve­hi­cles with fold­flat sec­ond row seats made be­tween Oct. 28, 2016, and Aug. 16.

Florida’s or­ange pro­duc­tion will plunge 21 per­cent to a 71-year low af­ter dam­age wrought by Hur­ri­cane Irma dev­as­tated the har­vest. Or­ange grow­ers in Florida, will har­vest 54 million boxes in the 201718 mar­ket­ing year, the U.S. Depart­ment of Agri­cul­ture said Thurs­day.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.