OHIO

OHIO

International Truck work
to be suspended Monday

SPRINGFIELD — Work on the assembly line at International Truck & Engine Corp.’s plant will be suspended indefinitely Monday as a precaution in case employees go on strike, the company said Wednesday. The work will be shifted to plants in Texas and Mexico, International spokesman Roy Wiley said.

The Warrenville, Ill.-based company wants to ensure an uninterrupted supply of trucks to its customers, he said. A total of 768 employees represented by the United Auto Workers will be affected by the shutdown.

NATION

Chevron announces
3-year stock buyback

SAN FRANCISCO — Enriched by high oil prices, Chevron Corp. will spend up to $15 billion buying back its own stock — a commitment that pleased shareholders and rankled critics clamoring for bigger investments in projects that might help lower energy costs.

The three-year repurchase program announced Wednesday served as yet another reminder of the cash cascading into the oil industry while motorists have been trying to cope with higher gasoline bills.

Associated Press