Three business reasons — quicker, closer and custom — prompted computer maker Lenovo Group to open its first U.S. manufacturing operation in North Carolina instead of low-cost foreign locations like Mexico or China, its North American president said.
Federal authorities say a Mahwah man was planning to go to India with a New Jersey company's stolen trade secrets for self-administered disposable pens. U.S. Attorney Paul Fishman announced Wednesday that 36-year-old Ketan Maniar, an Indian national, was charged with stealing trade secrets for his own economic benefit from a worldwide medical technology company headquartered in Franklin Lakes.
Top law enforcement officials from San Francisco and New York plan to meet with some of the largest U.S. smartphone makers next week to help thwart the rise in cellphone thefts and robberies. San Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman announced Wednesday that their meeting scheduled to take place in New York City on June 13 will be dubbed a "Smartphone Summit."
European Union Trade Commissioner Karel De Gucht speaks about the European Commission's new tax on Chinese solar panel manufacturers and the possibility of a trade war. De Gucht talks about what this means for trade between China and the European Union.
Grainger has announced its sponsorship of 20 concerts throughout the Florida Georgia Line summer tour. During these stops, the duo will celebrate industrial trades professionals by honoring Grainger Tools for Tomorrow® scholarship program recipients. In addition, Grainger recently launched a sweepstakes for a chance to win Florida Georgia Line tickets for these 20 shows.
Boston-based company Altaeros has developed a new wind power generator in the form of a giant balloon that they say will offer a cheap renewable energy alternative to communities that live off the grid. The inventors say this could be the future of wind power. Reuters' Ben Gruber has more.
Learn what the three most important new trends are in ERP, and how they will play a key role in helping manufacturers run their businesses more efficiently. Sage points out what manufacturers need to do to take their ERP to the next level.
First it was a bike, then a motorcycle. Now, a Hungarian man has created a car made almost entirely out of wood. Istvan Puskas toiled away for four months until all the pieces came together. The frame, axles, gearbox, and even the gas tank are made from wood.
Labor backers are making clear their opposition to a pair of bills aiming to strip Ohio unions of their power to compel membership and automatically collect dues. Hundreds showed up Tuesday at the Ohio Statehouse, where the first — and probably the last — hearing was being held on right-to-work legislation proposed by Republican state Reps. Kristina Roegner and Ron Maag.
A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income. The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.
A U.S. trade agency on Tuesday issued a ban on imports of Apple's iPhone 4 and a variant of the iPad 2 after finding the devices violate a patent held by South Korean rival Samsung Electronics. Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S.
Orders to U.S. factories rose modestly in April as manufacturers rebounded from a weak March performance. Factory orders rose 1 percent in April compared with March when orders had dropped a sharp 4.7 percent, the Commerce Department said Wednesday. The big swing reflected volatility in commercial aircraft orders, which were down sharply in March but surged 53.3 percent in April.
Republican U.S. Senate candidate Gabriel Gomez pressed for a cut in the corporate tax rate after a tour of textile-maker Polartec. The company has rebounded from a massive fire in 1995 that destroyed the plant, and two subsequent bankruptcies. It now faces new challenges brought on by the decline in defense-related business resulting from the winding down of foreign wars and the automatic federal budget cuts that went into effect in March.
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory. The automaker announced last year that it would add about 400 employees to the Princeton factory's workforce so it could build 50,000 more Highlander SUVs a year.
VolturnUS, the nation's first floating wind turbine designed to generate electricity from ocean winds, was launched as demand for clean and alternative energy grows. Developed at the University of Maine, the technology has the potenial to power the U.S. 4 times over. Terrell Brown reports.