Ford to upgrade Michigan plant

The markets advanced with the Dow leaping 123 points to 20,786. Nasdaq gained 27 points to 6,082.


Ford Motor will spend $350 million to expand its Livonia Transmission Plant in Michigan. The investment will create or retain 800 jobs at the site and is part of Ford's previously announced $9 billion plan to create or retain 8,500 hourly wage jobs in the U.S. The plant will build advanced transmissions for more fuel efficient front-wheel-drive vehicles.


A jury ordered Starbucks to pay a Florida woman $100,000 for injuries caused by spilled coffee. The woman suffered first and second degree burns after the lid of a cup popped off sending hot coffee pouring onto her lap. The woman's attorney said that customers should be warned that lids can come off the cups.


The next iteration of Google's Android operating system, dubbed Android O, is currently being beta tested by developers. O is expected to offer a picture in picture feature that will allow users to stream a show in a small window while using another app. Another feature of O will be the appearance of a dot on an app to indicate that there is a new notification.


The broader S&P 500 climbed 14 points to 2,380. Bitcoin climbed $53 to $1904.


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