Ingersoll-Rand plc said Wednesday that it is increasing its quarterly dividend by 19 percent and announced a $1.5 billion share repurchase program. Shares of the Irish industrial and commercial products maker jumped in trading in reaction.
Federal trustees who will assess General Electric's liability for harm done to the Hudson River's natural resources accused the company Monday of being misleading in a report that found no need to voluntarily expand dredging.
Wisconsin Gov. Scott Walker's proposal to spend $35 million to help technical colleges train people for high-demand jobs, as well as do more to help find work for people with developmental disabilities, found widespread support Tuesday at a legislative hearing.
Freedom Industries is expected to move 3,500 gallons of crude MCHM from its Nitro, W.Va., facility to a coal facility in Pennsylvania on Tuesday. The Department of Environmental Protection warned that it could mean unsavory licorice smells for neighbors.
British luxury carmaker Aston Martin says it is recalling 17,590 sports cars because of a problem with the accelerator pedal molding. The company said Wednesday there had not been any accidents or injuries stemming from the fault, which can cause the engine to idle unexpectedly.
The region added nearly 47,000 jobs in 2013, up 3 percent over the previous year, and the total number of jobs has surpassed pre-recession levels. Many are high wage jobs — 45 percent of households now earn more than $100,000, and per capita income is above $70,000 a year, much higher than the state average of about $44,000.
The Plastics Industry Trade Association, which represents the nation’s third largest manufacturing industry, supports President Obama’s efforts to create jobs and strengthen the middle class by expanding the economy and negotiating sensible trade agreements.
Kellogg Co. says it plans to close its Charlotte snack factory as part of an effort to cut costs, eliminating nearly 200 jobs. Kellogg also said Tuesday that it will close two production lines at its snack factory in Cincinnati.
With the enhanced annual production capacity of 5.8 million units in India, Honda aims to reach top spot in the country's market. The Japanese manufacturer now ranks second in market share behind its former joint venture partner Hero group of India.
Payroll processor ADP says companies added 175,000 jobs last month. That's down from 227,000 in December, which was revised lower. But it was much better than the government's official figure of just 74,000 new jobs in December.
The National Labor Relations Board proposed rules Wednesday that would allow unions to hold workplace elections more quickly. That could make it easier for unions to organize and help them reverse decades of steep membership declines.
There is much debate over the effectiveness of the outsourcing strategy, the affect it has had on “American” brand quality, and the affect it is having on the U.S. economy and its ability to pull out of the current recession. In some cases, it has proven to be a good move. In some cases it has proven disastrous.
Amid the news that Chrysler was being merged with its Italian owners Fiat, and many still-unanswered questions about the future of what used to be one of America’s “Big 3” automakers, the company has doubled-down on its very U.S.-focused — and some say ironically xenophobic — advertising scheme.
The EZstrip Transfer Pump provides a quick and easy way to disassemble, de-rag, and maintain a PC pump in place, reducing maintenance time by more than 93 percent for significant cost savings, says the company.
Simtronics, an IST company, is pleased to announce that its MultiFlame series DF-TV7-T and DM-TV6-T are the first triple IR flame detectors on the market to be certified up to safety integrity level SIL3.
A Fort Worth, Texas beef processor is recalling nearly 16,000 pounds of beef products because they may be contaminated by E. coli. The U.S. Department of Agriculture announced Tuesday that a "high" health risk exists for products provided by PFP Enterprises.
Although there was disagreement on some of the specifics, Democrats and Republicans on a Senate Environment and Public Works subcommittee agreed that the federal government needs to do more to protect the water supply from toxic chemicals.
Two members of the General Motors Co. board of directors are leaving the panel in June. Both were appointed to the board by the U.S. government in July of 2009, shortly after GM left bankruptcy protection.
U.S. manufacturers saw orders for their products decline in December by the largest amount in five months although the setback for a key category that tracks business investment was not as large as first reported.
Google and Cisco have struck a long-term patent cross-licensing deal that will help lower the risk of expensive legal disputes over intellectual property and likely foster a greater collaboration between the two companies.