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Airbus Parent's Q1 Profits To Nearly Double
May 14, 2013 2:21 pm | by The Associated Press | News | CommentsEuropean aerospace company EADS says strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter. The Airbus parent company reaffirmed its forecast of lifting commercial aircraft deliveries this year to between 600 and 610, as demand from Middle Eastern and Asian carriers to expand their fleets continues to drive sales for one of Europe's largest exporters.
BlackBerry CEO Unveils 'Slim, Sleek' New Version
May 14, 2013 2:20 pm | by Kyle Hightower, Associated Press | News | CommentsBlackBerry maker Research In Motion Ltd. has unveiled a lower-cost BlackBerry aimed at consumers in emerging markets, stepping up its efforts to regain market share lost to Apple's iPhone and Android devices powered by Google's software.
Inside BMW's Design Lab
May 14, 2013 1:46 pm | by CNN Money | Videos | CommentsAn inside look at BMW's North American design lab, where the company works on everything from cars to coffee makers. Designworks is an independent creative agency owned by BMW that is always working on the next generation of cars.
GM: Supercomputers To Keep Recalls In Check
May 14, 2013 10:22 am | by Tom Krisher, AP Auto Writer | News | CommentsGeneral Motors Co. says a new supercomputing data center and a fledgling shift to bring software development in-house should help it limit the size of future safety recalls. The Detroit automaker, which formally opened the giant data storage center in suburban Warren, Michigan, said the changes are examples of how it is moving faster to cut costs and serve its customers better by bringing more computer technology inside the company.
Feds Probe 3 Chrysler Models For Engine Stalling
May 14, 2013 10:20 am | by Tom Krisher, AP Auto Writer | News | CommentsU.S. auto safety regulators are investigating complaints that the engines can stall without warning in three Chrysler and Dodge brand cars. The probe covers more than 192,000 Chrysler 300C luxury cars, Dodge Charger muscle cars and Dodge Magnum wagons from the 2006 model year. The cars have 5.7-liter or 6.1-liter V-8 engines.
2 Hurt In Explosions, Fire At WV Gas Plant
May 14, 2013 10:19 am | by Pam Ramsey, Associated Press | News | CommentsTwo workers were injured Monday when highly flammable gas used in welding exploded at a West Virginia industrial site, officials said. Fire crews were sent at about 3:20 p.m. to Airgas, a distributor of specialty gases in Poca, outside of Charleston. Putnam County emergency management director Frank Chapman said the explosion involved about 50 tanks of acetylene that were at Airgas waiting to be refilled.
Nissan Chief Welcomes Yen Fall For Luxury Brand
May 14, 2013 10:17 am | by Yuri Kageyama, AP Business Writer | News | CommentsNissan Motor Co. President Carlos Ghosn welcomed the yen's recent decline to what he called "neutral" levels for the Japanese automaker's profitability, but said Tuesday it must drop further to be "normal." "The abnormal situation of the yen is hopefully something of the past," he told reporters at the roll-off ceremony for a new Infiniti luxury model, the Q50.
Automotive Supplier Breaks Ground In AL
May 14, 2013 10:15 am | by The Associated Press | News | CommentsAn automotive company is investing $12 million in an expansion that will lead to about 100 new jobs in southeast Alabama. Gov. Robert Bentley and other officials were on hand Monday as HS Automotive Alabama Inc. broke ground for a new facility in Enterprise.
Beechcraft Gets $210M Military Contract
May 14, 2013 10:13 am | by The Associated Press | News | CommentsA unit of Beechcraft Corp. says production will begin this month in Wichita on 35 training aircraft for the military. Beechcraft Defense Co. on Monday announced the signing of a $210 million contract with the Air Force, under the government's Joint Primary Aircraft Training System procurement contract.
Mind The Gap
May 14, 2013 8:05 am | by Neil Mehltretter, System Design and Engineering Manager, Kaeser Compressors, Inc. | Blogs | CommentsVariable speed control compressors can be an important component of an optimized system provided that it is properly applied. Variable speed is not, however, a simple panacea for instant compressed air system efficiency. The dynamics of the control must be understood and the machines properly sized.
PwC: Strategies To Enhance Business Opportunities In India
May 14, 2013 8:00 am | by PwC | Articles | CommentsAccording to PwC, India has potential to be the fastest-growing large economy in the world over the next four decades, but businesses find its economic and cultural diversity, complicated policy-making processes and uneven development difficult to navigate.
Natural Gas Export Plans Stir Debate
May 13, 2013 2:28 pm | by Matthew Daly, Associated Press | News | CommentsA domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking.
Bobcat Breaks Ground On $20M ND Facility
May 13, 2013 2:27 pm | by The Associated Press | News | CommentsBobcat Co. is investing $35 million in an expansion and renovations in Bismarck, about 3 ½ years after closing its manufacturing plant and laying off nearly 500 workers. The compact construction equipment maker broke ground Monday on a $20 million research-and-development facility at its existing site at the Northern Plains Commerce Centre.
Regulators Probe Ford Truck Steering Issue
May 13, 2013 2:25 pm | by The Associated Press | News | CommentsU.S. safety regulators are investigating complaints that problems with steering-gear boxes are causing a loss of control in some Ford trucks. The probe by the National Highway Traffic Safety Administration covers an estimated 340,000 F250 and F350 Super Duty Trucks from the 2008 model year.
Drug Manufacturer Agrees To $500M Penalty
May 13, 2013 2:23 pm | by Eric Tucker, Associated Press | News | CommentsA subsidiary of an Indian pharmaceutical company has agreed to pay $500 million in ines and civil penalties for selling adulterated drugs and lying about tests to federal regulators, the Justice Department said Monday. The guilty plea by Ranbaxy USA Inc. represents the largest financial penalty by a generic drug company for violations of the Federal Food, Drug and Cosmetic Act, which prohibits the sale of impure drugs, prosecutors said.
