Markets

Chicago -- Grain futures were mixed on the Chicago Board of Trade Monday as the equity markets made slight gains and the dollar index dropped 0.14 percent.

Stockholm -- Swedish wireless network giant Ericsson AB said Monday its January call for 5,000 layoffs would be exceeded with an additional 1,500 jobs lost.

Chicago -- Ford Motor Co. has plans to hire 1,200 workers this year when a Chicago plant begins producing Explorer sports utility vehicles, a city business journal said.

New York -- U.S. markets pushed higher Monday following a skid that took the Dow Jones industrial average down nearly 5 percent Wednesday through Friday.

New York -- U.S. markets pushed higher Monday following a skid that took the Dow Jones industrial average down nearly 5 percent Wednesday through Friday.

Detriot -- U.S. automaker General Motors Co. said Monday it would switch Chief Executive Officer Edward Whitacre Jr.'s status from interim to permanent.

Bentonville -- U.S. retailer Wal-Mart said it would trim 11,000 jobs from its Sam's Club chain, most of them part-time sales jobs it said it would farm out to a contractor.

Owasso -- A city official in Owasso, Okla., said a planned filling station will offer local motorists access to a more environmentally friendly form of gas.

Stockholm -- U.S. automaker General Motors is giving a reprieve to Sweden's Saab as part of a deal to sell it to Spyker Cars of the Netherlands, sources say.

New York, January 24 -- It might be the end of America’s known mortgage houses Fannie Mae and Freddie Mac. Barney Frank, chairman of the House Financial Services Committee (House Banking Committee), said Friday that the two finance giants are likely be replaced with a new system for housing finance.