WASHINGTON—Existing-home sales rose 0.8 percent in February to a seasonally adjusted annual rate of 4.98 million, reaching the highest level since November 2009.
NORTH CHARLESTON, SC—TIGHITCO has opened a new, 100,000-square-foot assembly plant here to make wingtips for business jets. The facility is expected to employ 350 people.
ROCHESTER, NH—No one was hurt after dust from composites sparked a fire within the duct system of Spaulding Composites’ assembly plant here. The company makes components for heavy equipment, air tools, bearing retainers and other products.
MEXICO CITY—A decade ago, wages in Mexico were six times higher than in China. In 2011, they are only 40 percent higher. That, along with other factors, is spurring a growing number of manufacturers to move production from China to Mexico.
LANSING, MI—General Motors Co. could receive $4 million in tax breaks from the city of Lansing for building a $38.6 million logistical center there to support its Lansing Grand River Assembly Plant.