After 18 years of negotiation, Russia on Wednesday entered the World Trade Organization, which restricts import duties and subsidies in an attempt to create a level playing field for international trade. Analysts and politicians hope that Russia, which has long proven a formidable market to foreign investors because of its byzantine bureaucracy and protectionist tariffs, would be transformed by its entry into the WTO.
German carmaker Volkswagen AG says sales rose 11.9 percent in July as demand in Asia and the United States outweighed slacker sales in crisis-hit western Europe. The company sold 468,300 vehicles worldwide during the month, up from 418,600 a year ago.
Michigan Gov. Rick Snyder is expected to join Detroit Mayor Dave Bing on Wednesday morning at the grand opening of an auto parts supply company expected to employ about 500 people. Detroit Manufacturing Systems on Southfield Road is expected to bring hundreds of high-tech, automotive interior component assembly jobs to the city.
The credit crisis that pushed economies around the world into a recession still has yet to fully play out. Blackhorse economist Richard Duncan says that credit needs to be restored to the global economy and that if the fiscal situation isn't resolved, the Unites States could fall into a deep recession next year.
A National Transportation Safety Board investigator said long time frames for fixes are not uncommon, because of the inconvenience involved in grounding planes for repairs. And an FAA spokeswoman said the four-year window was determined by the estimated 46 hours required to fix each jet. Safety regulators put the cost at $6,000 per plane.
The labor group hired by Apple Inc. to assess working conditions at three manufacturing plants in China said Tuesday that the improvements it recommended in March are being implemented ahead of schedule. The Fair Labor Association said in a progress report that Apple Inc.'s largest supplier, Foxconn, had made all 195 improvements to working conditions that were due by the end of May.
China on Wednesday slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products. The Commerce Ministry announced an export quota of 9,770 tons for the second half of the year.
Vestas Wind Systems A/S, the world's biggest maker of wind turbines, says it is slashing 7 percent of its workforce in its second round of lay-offs this year. The western Denmark-based group says the job cuts of 1,400 workers will help it reduce fixed costs by more than €250 million ($310 million) as it deals with stiff competition and a market slowdown.
Nippon Thermostat of America is planning to expand its Putnam County facility, creating 30 jobs. West Virginia Gov. Earl Ray Tomblin says the company is expected to invest $4 million in the expansion that will more than double the current workforce at the plant.
Nissan is recalling about 7,800 Infiniti SUVs because the fuel gauges can show gas in the tank when there isn't any. The recall affects the JX35 from the 2013 model year. A tube inside the gas tank could be in the wrong place. That could prevent a float from dropping as fuel is used, causing an inaccurate reading on the dashboard fuel gauge.
The cloud computing "ecosystem" failed Mat Homan, and his plight should serve to remind individuals and companies that store sensitive data in “the cloud” that the technology (while oozing with upside and potential) remains very much a work in progress.
I have learned that each customer makes their purchasing decisions differently. Some companies delegate purchasing decisions to the local branch, while others centralize their purchasing. Whether the decision was made locally or from a central office, each buyer still had its own way of evaluating the purchase decision. Some buyers valued the lowest price, some valued relationship, and so on.
The Verilon® Vinyl Strip Door seals out dust, dirt, fumes, smoke, and airborne contaminants. The Vinyl Strip door’s seal can minimize the chance of birds, flying insects, and rodents from entering through door openings.
Authorities in central Illinois are working to determine what led to the death of a 48-year-old Heyworth man after a fall last week at a Cargill Inc. soybean-processing plant. Cargill spokesman Mark Klein says Burleson was in the elevator area where the soybeans are stored and apparently fell onto a lower level.
In a few weeks, about 2,800 cars, trucks and buses will start talking to each other on the streets of Ann Arbor, Mich., in a giant experiment that government officials are hoping will lead to safer roads. Wireless devices will allow the vehicles to send signals to each other, warning their drivers of potential dangers such as stopped traffic or cars that might be blowing through a red light.