A Des Moines woman who claims she was subjected to racial slurs by co-workers, including finding a doll whose face was painted black hanging outside her home with threats to quit her job at Deere & Co., has filed a discrimination lawsuit against the company.
Gov. Nathan Deal says he expects that several Caterpillar suppliers will relocate to Georgia to be near the one-million-square-foot-facility the company is constructing near Athens. Caterpillar has said the manufacturing facility is expected to directly employ 1,400 workers once it's fully operational.
A turnaround in South America and a rosier outlook in Europe helped push General Motors shares up in premarket trading Wednesday, even though the company's third-quarter net profit fell 14 percent. GM said it earned $1.48 billion from July through September, down from $1.73 billion a year earlier, as European pretax losses widened and North American profits fell.
A Japanese company says it will spend about $38 million to expand an auto parts factory in southeastern Indiana. Hitachi Powdered Metals announced Wednesday it would build a second facility at its site in Greensburg and plans for operations to start there next August.
A plastics company that has plants in four other Kentucky cities plans to reopen a facility in western Kentucky, creating 400 new full-time jobs in Madisonville. Berry Plastics Corp. announced Tuesday it will begin reconfiguring the Madisonville plant, with production expected to begin next year. The company closed the facility, which had about 140 workers, earlier this year after redistributing production to other locations.
To accommodate current industry demands for enhanced cost-effectiveness and productivity, machine builders must consider the performance capabilities and operational overhead of each component that goes into every design. Stopping and starting capacity are two of the most important performance aspects of machine automation, with inferior clutches and brakes having a direct impact on production efficiency and product quality.
Great things are possible when bright, ambitious young people have the opportunity to apply skills and knowledge to real-world applications, and contribute meaningfully to the growth of a company, a sector — and ultimately the economic vitality of our nation. To engage this new generation, we must restore — and elevate — the U.S. manufacturing brand.
Drugmaker Eli Lilly says it is planning a multi-million dollar expansion of its manufacturing operations to make cartridges that deliver insulin to patients.The Indianapolis company says the cartridges will help meet growing demand in the United States for diabetes treatments.
Auto parts and building equipment maker Johnson Controls Inc. said Tuesday that it posted an $8 million fiscal fourth-quarter loss, hurt by costs of restructuring its business and a change in how it accounts for retirees' benefits. Johnson Controls said it expects softening global demand and changes in currency exchange rates will continue to limit its growth this year.
Fast-growing Etihad Airways says it has agreed to purchase two more Airbus A330-200 planes in a deal worth $418 million. The Abu Dhabi-based carrier says the planes are scheduled to be delivered in early 2014 as part of aggressive expansion plans to keep pace with rival Gulf airlines Emirates and Qatar Airways. Etihad CEO James Hogan said on Tuesday that he considers the A330-200 to be central to the airline's growth plans.
Several dozen people lined the road outside a northern Indiana factory to protest a company's plans to close it and move its production work to Mexico. People shouted "Keep our jobs in America!" and "Made in the U.S.A.!" during the protest outside the Cequent Performance Products factory. Mich.-based TriMas Corp. announced this month it expected to shut down the 450-worker plant that makes trailer hitches.
Honeywell will provide technology and equipment for Cessna Aircraft Co.'s new Citation Latitude and Citation Longitude aircraft. Honeywell said the new business from the agreement is expected to be worth as much as $800 million over the life of the program.
Fiat CEO Sergio Marchionne says he will ramp up production of the Maserati, Alfa Romeo and Jeep brands in Europe by 2016 to put idled Italian plants back to work. A new industrial plan for Fiat, which controls Chrysler, announced Tuesday foresees the launch of 17 new car models from Italy from 2013 to 2016.
As Apple announces the biggest executive changes in a decade, board director and Reuters columnist Lucy Marcus discusses the motives behind quick corporate reshuffles. How are they made, and how are they executed—both internally and externally?
Boeing is selling 35 of its redesigned 737 aircraft to a Russian state-run leasing company in a deal that would be worth $3 billion, if sold at current list prices. The deal with Aviation Capital Services LLC, a subsidiary of State Corporation Russian Technologies, marks the first commitment for the new 737 from Russia and the Commonwealth of Independent States.
Japan's Hitachi Ltd. has agreed to buy British atomic power company Horizon Nuclear Power Ltd. from its German owners for 696 million British pounds ($1.12 billion). The companies announced the deal Tuesday, ending months of uncertainty after the 50-50 owners of Horizon, RWE AG and E.ON AG, abandoned plans to build nuclear power plants in Britain.
U.S Steel doubled its third-quarter net income as a tax benefit helped balance pressure from price decreases and a challenging global economy. The manufacturer said Tuesday that it earned $44 million, or 28 cents per share, in the quarter that ended Sept. 30. That compares with $22 million, or 15 cents per share, a year ago.
About a quarter of the $148 billion budget for reconstruction after Japan's March 2011 tsunami and nuclear disaster has been spent on unrelated projects, including subsidies for a contact lens factory and research whaling.The findings of a government audit buttress complaints over shortcomings and delays in the reconstruction effort.
Airlines have canceled thousands of flights, stranding travelers around the globe. Insurers are bracing for possible damages of $5 billion. Retailers face shrunken sales. The economic impact could be more severe if the storm damages a port or a major manufacturing facility such as an oil refinery, Zandi noted.
Ford's third-quarter profit eased 1 percent to $1.63 billion as European losses swamped record North American profits. Ford Motor Co. said Tuesday its per-share net income was 41 cents, unchanged from the July-September period a year earlier. Before special items, including severance payouts, it earned 40 cents, beating Wall Street's forecast of 30 cents, according to analysts polled by FactSet.