Daily business briefing: Auto makers pulling out of Australia

February 10, 2014 

Toyota will stop making cars in Australia by the end of 2017. This will result in the loss of around 2,500 jobs. Two months ago, General Motors Co. said it would end production in Australia by 2017. Ford Motor Co. announced in May that it would cease Australian production in 2016. Learn more at http://www.bnd.com/business. ...

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The severely cold winter has not brought in the customers to McDonald's. The world's biggest hamburger chain says sales fell 3.3 percent last month. Read more at http://www.bnd.com/business. ...

Some Michigan farmers are more than happy to get above-average snowfall. They say it could raise local water levels and help crops throughout the growing season. Find out more at http://www.bnd.com/business. ...

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Oil prices were fairly steady below $100 a barrel on Monday. By early afternoon in Europe, benchmark U.S. crude for March delivery was down 41 cents to $99.47 a barrel in electronic trading on the New York Mercantile Exchange. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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