The Toyota Corolla, an aging, stodgy but reliable economy car, is getting a radical new look. The world's largest automaker rolled out a new version of the compact Thursday night at a splashy event in Santa Monica, Calif., hoping to shed the old version's low-cost image and attract new, younger buyers to its brand.
Shares of Elan Corp. PLC jumped Friday after Royalty Pharma once again raised its offer to buy the Irish drugmaker in an increasingly bitter takeover fight. Royalty said it will now pay $13 in cash for each Elan share, and it will give stockholders the right to receive up to an additional $2.50 per share in milestone-based payments. That's up from a previous bid of $12.50 per share.
A southeast Missouri business that makes chrome-plated plastic auto parts is receiving state aid to train its employees. Gov. Jay Nixon said Thursday that Missouri is providing up to $809,000 of job training services for 350 employees at SRG Global in Portageville. He says the training incentives are part of a $4.2 million capital investment by the company.
A South Korean company's arraignment on charges of stealing the Kevlar body armor recipe from the DuPont Co. has been postponed. Kolon Industries was set for arraignment Friday in U.S. District Court in Richmond. That hearing has been changed to a status conference.
The government's release Friday of the May jobs report comes at a time of anxiety over the U.S. economy and whether the Federal Reserve will soon scale back its extraordinary support. Economists expect another month of job gains roughly in line with April's increase of 165,000. The unemployment rate is expected to remain at 7.5 percent, a four-year low but still historically high.
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Tank Cloud Remote Monitoring is a cost-effective remote tank level monitoring system that enables users to monitor facilities and processes from anywhere with an internet connection, 24 hours a day, seven days a week, says the company.
MasterSil 713 is an easy to use silicone system with a remarkably low viscosity for bonding, sealing, coating, encapsulations, and formed-in-place gaskets, explains the company.
Designed to optimize performance and reliability at a modest cost, the MSA Series Actuators can be configured to carry loads up to 227 kg (500 lbs).
The L44 Low Profile Cart is designed to eliminate bending and moving heavy plastic totes or makeshift bins across the shop floor.
Despite the common preconceived notion that increasingly automated operations are eliminating opportunities in the manufacturing sector, the widespread adoption of advanced production technologies is actually creating opportunities, and demand, for more skilled professionals.
Economic activity in the manufacturing sector contracted in May for the first time since November 2012, and the overall economy grew for the 48th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business®.
The U.S. Treasury Department on Thursday set a price of $34.41 per share for the sale of 30 million shares of General Motors stock. Treasury said the sale will result in aggregate proceeds to the government of $1.03 billion. A United Autoworkers retiree health care trust fund was selling 20 million of its GM shares as well, bringing total sales to 50 million shares.
The Pakistan-based developers of a fertilizer plant have won a southwestern Indiana county's initial approval for the project, weeks after the state pulled its support. Posey County's Board of Commissioners and Council voted last week to give preliminary approval to Midwest Fertilizer Corp. for its proposed plant, including a $1.3 billion bond issue to help finance the project in the county just west of Evansville.
A John Deere plant in Dubuque has laid off 65 employees in its manufacturing section. John Deere spokesman Ken Golden says despite recent strong earnings, the decision is based on sales and demand in its construction and forestry division.