General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan. ...more

March 5, 2009

Japan's Toyota Motor Corp. sold more cars and trucks last year than General Motors Corp., stripping the Detroit automaker of the No. 1 global sales crown. But it's a victory made hollow by the overall industry's continued struggle for viability amid one of its worst sales declines ever. ...more

January 21, 2009

Midwinter Madness I know this probably won't do any good, but I need to say it anyway. ...more

December 28, 2008

In better economic times, many stores and restaurants would need extra help during the winter tourist season in Highlands County. But that is not the case this year. ...more

December 23, 2008

A lot of things have to fall into place, but if all goes according to plan, top executives of General Motors Corp. are hoping the automaker will start making money again in 2010, Vice Chairman Bob Lutz said Thursday. ...more

August 30, 2008

Drinkers of Coca-Cola can expect to pay more starting this fall after the company's biggest bottler said Thursday that it would raise prices. ...more

July 17, 2008

Ford Motor Co. is cutting North American production of pickups and SUVs as car buyers seeing record gas prices turn toward more fuel-efficient models. The automaker says it no longer expects to return to profitability by 2009 and didn't rule out layoffs and plant closings. ...more

May 23, 2008

In spite of the uncertainty of the housing market in 2007, Smith & Associates Real Estate had a successful year, according to President Bob Glaser, and he expects this year to be even better. ...more

February 24, 2008

Home sales in a six-county region of Southern California plunged last month to the slowest pace for any month in more than 20 years, the latest sign would-be buyers remain reluctant to enter a housing market still mired in a steep slump and hobbled by mortgage lending constraints. ...more

February 14, 2008

SEBRING – A merger, a company buying a competitor's office, consolidating offices and Realtors moving to other companies are all part of the local real estate business that is dealing with a difficult housing market. Coldwell Banker Highlands Properties LLC, a Sebring and Lake Placid Coldwell Banker real estate affiliate, has merged with Realty World Act Real Estate that became effective Nov. 1. "Basically this merger has allowed us to double our size because both of our offices were, generally speaking, the same size with the same amount of listings," said Jim Carroll, the former owner of Realty World Act Real Estate, and now the sales manager for Coldwell Banker Highlands Properties. "So now we have potentially brought ourselves into a much stronger market share in this area by doing this merger." "I believe the increased signage and doubling of listings, and its potential sales volume, ...more

November 11, 2007