Ford announces that it has cancelled plans to build a $1.6 billion plant in Mexico, long criticized by U.S. President-electDonald Trump, and will invest $700 million in its Michigan plant in Flat Rock, potentially creating 700 new jobs from the investment and expansion of the plant. (CNN)(Fox News)
The U.S. Commerce Department announces that construction spending increased 0.9 percent to $1.18 trillion in November 2016, the highest level since April 2006. (CNBC)