TCA

A 100-acre storage area for automobiles in St. Paul Park, Minnesota, is a prospect local officials don’t like — but don’t think they can derail it.

The CEO of Terex suggested Nov. 1 the company will see more layoffs, facility closures and business sales in the coming year as he works to simplify the heavy-equipment maker’s operations and position it for growth should the economy pick up steam.

Companies added 147,000 workers in October, the fewest in five months and marking a more limited pace of job creation, data from the ADP Research Institute showed Oct. 2.