Latest Business News: US Builders Start Work on Fewer Homes in June

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Latest Business News: US Builders Start Work on Fewer Homes in June

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Latest Business News: US Builders Start Work on Fewer Homes in June

by Wochit 0:45 mins

Latest Business News: US Builders Start Work on Fewer Homes in June

by Wochit 0:45 mins

U.S. builders started work on fewer homes and apartments in June, though the slowdown wasn't enough to suggest the housing recovery is faltering. Ford Motor Co will offer free software updates on its hybrid models to boost their real-world fuel economy and better align with the gas mileage advertised on the window sticker, a company executive said on Tuesday. Among the improvements, Ford plans to increase the maximum all-electric speed on those vehicles from 62 miles per hour to 85 mph. This will boost fuel efficiency by allowing the car to rely on the lithium-ion battery for a longer period of time. The move affects the Ford C-Max and Fusion as well as the Lincoln MKZ hybrids. G20 summits do not always set the pulse racing, but this week's gathering of finance ministers and central bankers in Moscow has a better chance than most of grabbing the attention of financial markets.

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