General Motors Co. CEO Mary Barra is predicting light vehicle sales will rise up to 3% in 2015, with between 16.5 million and 17 million cars being sold. Improving economic conditions, low gasoline prices, job security and growing interest from younger buyers will boost car sales, she said.
A group of Democrats say they are ready to fight any effort by President Barack Obama to gain authority to negotiate international trade agreements and “fast-track” them through Congress. The lawmakers say such power would cause Americans to lose jobs and weaken food safety and financial regulations.
As oil price declines continue, shale drilling activity in the US has fallen by about 20%. Energy producers are cutting the number of drilling rigs in action, and contract rig company Helmerich & Payne announced it would idle 50 more rigs in the next month.
New research shows 31% of UK online shoppers did not receive packages in time for Christmas. Of those who experienced problems, 45% received late delivers, while others never received their orders at all.