The owner of a bio-fuel plant in Hopewell plans to open the facility instead of dismantling it. Vireol Bio-Industries had planned to ship the plant's equipment to its plant in England.
Ally is paying $80 million in damages to about 235,000 African-American, Hispanic and Asian and Pacific Islander borrowers, and $18 million in penalties. The higher rates were charged on auto loans between April 2011 and December 2013, according to the government.
Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China's credit markets. Germany's DAX and the main U.S. indexes all struck record highs, albeit on a day when trading was fairly muted as many traders were already off for the Christmas break.
A leading firearms company is moving into new headquarters west of Birmingham. Steyr Arms says it will be up and running in its 33,000-square-foot complex in Bessemer on Jan. 2. The company has been operating in the Birmingham suburb of Trussville.
To help the environment, the government allows power companies to sell the carbon dioxide to oil companies, which pump it into old oil fields to force more crude to the surface. A side benefit is that the carbon gets permanently stuck underground.
IDC Manufacturing Insights hosted a web conference “IDC Manufacturing Insights Predictions 2014: Worldwide Manufacturing” highlighting the Top 10 predictions for the year ahead. Today's predictions focus on implications on factories of the future.
But 10 years ago Monday, it took just one cow to send shock waves through the cattle industry of the United States, home to some 100 million cattle, slam the door on billions of dollars in exports and scare a lot of beef eaters.
Police charged the owners of a Bangladeshi garment factory and 11 employees with culpable homicide Sunday for alleged negligence leading to the death of 112 workers in a raging fire that engulfed the factory last year.
Appliance maker Electrolux announced plans Friday to create more than 800 additional jobs over the next four years in Charlotte as it expands next to its North American headquarters.
National union leadership said Sunday that the vote will be Jan. 3. In a statement, IAM leaders said the latest proposal contains "significant improvements" over an offer rejected by Machinists in November.
AkzoNobel has released this rather fascinating video about how it has worked with Newcastle University to improve the sustainability and fuel economy of the world’s largest ships.
Not too long ago, Monster.com, the well-known online job marketplace, conducted a comprehensive survey (see infographic below) on the state of U.S. manufacturing jobs, and came to some compelling, if not worrying, results.
Beta Tools of Italy created a new line of hand tools made from 420 stainless steel called the Beta INOX. The Beta INOX product line includes combination wrenches, hex key wrenches and screwdrivers for 2014 but the company has plans to expand the product line in the near future.
The Labor Department said Friday that employers added jobs in 43 states and cut jobs in just seven. California, Texas and Indiana reported the largest job gains. The lower state unemployment rates are due in part to robust hiring nationwide over the past four months.
Altria Group Inc. and Philip Morris International Inc. said Friday that they've entered into agreements related to marketing alternatives to traditional cigarettes. Terms of the deal were not disclosed.
Government, academic and other researchers made comprehensive check-ups on 29 dolphins in Barataria Bay in August 2011 as part of the Natural Resource Damage Assessment — a federal process to determine the extent of damage and how to repair it. Barataria Bay was one of the areas where pelicans struggled in heavy slicks and thick globs of oil washed onto marshy islands between April and July 2010.
This revolutionary solution integrates laser, camera and GPS technologies, enabling utilities to quickly and accurately collect measurement and location data on any of their joint-use utility poles or field assets.
Government figures showed that the world's largest economy grew by an annualized rate of 4.1 percent in the third quarter, up from the previous estimate of 3.6 percent. The pace of growth is further evidence that the U.S. economy is gaining traction and helps explain why the U.S. Federal Reserve decided to reduce its stimulus by $10 billion a month starting from January.
The two Koreas have taken an initial step to open their jointly run industrial park to overseas investors. But foreigners who toured the complex on Thursday say the compound in North Korea remains a tough sell despite its cheap labor.
ADM's announcement to stay in Illinois likely will give ammunition to both sides over whether states should play ball when companies make demands, though some incentives skeptics warned not to read too much into one company's decision. Chicago, with its two international airports in the heart of Midwestern farm country, was the best place for ADM's new headquarters, CEO Patricia Woertz said Wednesday.