U.S. Steel Corp. is spending billions of dollars to ramp up production of greener, high-strength steel as the company looks to withstand the rise of aluminum and maintain business in a changing auto industry.
Nissan CEO Makoto Uchida forecasts a robust rebound in global sales, as Nissan reports a 52 percent increase in operating profit in the just-ended fiscal year.
Q: We were specially assessed for a project for our condominium. We paid almost the entire assessment at his point, but we need to sell our unit and move due to an opportunity. The board postponed the project for at least a year if not more. Are we entitled to get our money back when we sell before the project even begins? — Donna
A: When a community association needs extra money for a specific project, such as replacing a roof or making unexpected repairs, it can “specially assess” the unit owners to get the necessary funds. Like regular assessments the association collects to maintain the community, special assessments must be paid to avoid collection or foreclosure.
Special assessments have special rules. The money can be used only for the specific purpose for which it was passed. If there are surplus funds after the project is completed, the funds are transferred to the common account and can either be returned to the unit owners or held and credited to future assessments.
Unfortunately, delays happen for a variety of reasons. You and your neighbors must continue paying the special assessment despite the delay. The money you paid has been credited to your unit and will pass to whoever you sell your apartment to.
Honda forecasts full-year operating profit rising to $7.40 billion as the automaker benefits from a strengthening supply chain.
The shooting took place in Sindelfingen, where Mercedes builds the S-Class and EQS flagship cars.