Nasdaq closes at record high TSX rallies

TORONTO — Energy and mining stocks led a solid advance on the Toronto stock market, while the Nasdaq finished the day at a record high.The S&P/TSX composite index closed up 87.58 points at 15,392.35 after dropping 41.67 points Wednesday.Meanwhile, the Canadian dollar gained 0.55 of a U.S. cent to 82.33 cents.In New York, the Nasdaq rose 20.89 points to 5,056.06, beating its previous record high close of 5,048.61 set in March 2000. The Dow gained 20.42 points to 18,058.69 and the S&P 500 advanced 4.97 points to 2,112.93.On the commodity markets, the June gold contract rose $7.40 to US$1,194.30 an ounce after plunging more than $16 on Wednesday.Meanwhile, oil rose $1.58 to $57.74 a barrel and May copper advanced 2.9 cents to US$2.69 a pound. read more

Lotus creates 100 UK engineering and manufacturing jobs

UK-based sports car manufacturer and engineering expert, Lotus, has announced that it will create more than 100 jobs in engineering and manufacturing at its Hethel, Norfolk headquarters.Lotus will recruit 45 specialist engineers and 18 graduates to help develop new products within its engineering division. A further 40 manufacturing operatives will be employed to help meet increasing global demand for Lotus cars, which is set to grow as the manufacturer enters new markets worldwide.The manufacturer’s recruitment drive follows significant levels of investment in recent years by owners DRB-HICOM, which has allowed the company to increase its focus on engineering, productivity, efficiency and quality.Mark Pym, Group Head of Human Resources at Lotus, said, “Lotus’ successes have always been built on our talented and dedicated workforce and as we embark on a period of strengthening, it’s crucial that we grow our workforce to support this.“It’s a positive sign for both the UK car industry and Lotus that we are able to recruit such a high number of experienced specialists and graduates, who will take their first steps on an exciting and rewarding career path.”Aslam Farikullah, Chief Operating Officer at Lotus, said, “It’s been a period of substantial change at Lotus and we are now in a strong position to expand our work on future products and to increase production in our manufacturing facilities. We wantLotus to be at the forefront of the global automotive industry and for us to remain competitive, we will introduce more exciting products – there has never been a better time to be part of the future of Lotus.”Applications for the new roles are currently being accepted; click through to find out more and apply to work for Lotus.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more