Caterpillar closing 5 plants, cutting 670 jobs

EAST PEORIA, Ill. (AP) —Caterpillar says it plans to close five plants and trim about 670 jobs in Illinois and several other states, in the latest phase of a larger cost-cutting campaign announced last year. The mining and construction equipment company will cut about 230 jobs for office and production workers at a major manufacturing…

March shows slump in U.S. economy

WASHINGTON (AP) — For months, the U.S. economy’s strength has been flagging. Manufacturing slowed. Fewer homes were built. Cheaper gas failed to ignite consumer spending. Yet month after month, employers kept on hiring vigorously. In March, the economy’s slump finally overtook the job market. Employers added just 126,000 workers — the fewest since December 2013…