AUTO INDUSTRYFord executive ousted after investigationFord Motor’s head of North American operations is leaving the automaker after an investigation into reports of “inappropriate behavior.”An internal probe found that Raj Nair, an executive vice president, engaged in behavior that was “inconsistent with the company’s code of conduct,” chief executive Jim Hackett said in a statement Wednesday. — Bloomberg NewsHOUSINGHome sales dropped 3.2 percent in JanuaryU.S. sales of existing homes fell in January from a year earlier by the most in more than three years. The National Association of Realtors said Wednesday that sales dropped 3.2 percent from December to January, the second straight monthly decline, to a seasonally adjusted annual rate of 5.38 million. Compared with 12 months earlier, sales dropped 4.8 percent — the steepest year-over-year decline since August 2014. (Amazon chief executive Jeffrey P. Bezos owns The Washington Post.)

Source: Washington Post February 22, 2018 00:33 UTC