Military contractor Rockwell Collins could be forced to cut hundreds of jobs if Congress doesn't come to an agreement on the federal budget that prevents automatic defense spending cuts. The Cedar Rapids company's CEO Clay Jones says if no budget agreement is reached and across-the-board cuts known as sequestration occurs in March, layoffs would have to come next.
The Supreme Court won't hear a challenge to a tough new clean air requirement limiting sulfur dioxide emissions. The high court on Tuesday refused to hear an appeal from businesses and industrial interests involving an Environmental Protection Agency regulation setting emission levels of sulfur dioxide, a colorless gas with the smell of rotting eggs.
CNBC and The Wall Street Journal are reporting that the discussions to buy struggling computer maker Dell now include Microsoft as a potential investor. If Microsoft joins in a Dell buyout, CNBC and the Journal say the software maker would contribute $1 billion to $3 billion. That amount would make Microsoft Corp. a minority investor in a complex deal expected to cost $23 billion to $27 billion if it's completed.
For automakers, distracted driving has become a major issue. At the 2013 Detroit Auto Show, Hyundai unveiled technology that they think will go a long way in solving that problem. Hyundai's car of the future uses retina scanning and gesture control to eliminate driver distraction and create a button free interior.
Chinese factory workers angry about strictly timed bathroom breaks and fines for starting work late held their managers hostage for a day and a half before police broke up the strike. About 1,000 workers at Shanghai Shinmei Electric Company held the 10 Japanese nationals and eight Chinese managers inside the factory in Shanghai starting Friday morning until 11.50 p.m. Saturday, said a statement from the parent company.
Environmental groups hailed President Barack Obama's warning Monday about climate change, but said the president's words will soon be tested as he decides whether to approve the Keystone XL oil pipeline from Canada to the Gulf Coast. Obama pledged in his inaugural speech to respond to what he called the threat of climate change, saying, "Failure to do so would betray our children and future generations."
Chemical and bioscience company DuPont Co. says weakness in its performance chemicals and electronics and communications businesses, coupled with costs associated with growth initiatives, led to a sharp drop in fourth-quarter income. The company on Tuesday reported net income of $111 million, or 12 cents per share, for the last three months of 2012.
Packaging Corp. of America's net income climbed 54 percent in its fourth quarter, buoyed by higher prices and sales as well as lower costs for recycled fiber and energy. But the producer of containerboard and corrugated packaging product issued an outlook for the current quarter that fell short of analyst estimates.
The big brick Remington gun factory pieces together military-style rifles in a state that has just banned their sale after a string of mass shootings led to a national outcry over civilian ownership of them. Residents of Ilion see the issue far differently: The gun factory is a major local employer and a source of pride for almost two centuries.
Higher sales helped Johnson & Johnson post a much bigger fourth-quarter profit than a year ago, when several charges depressed results. But J&J's long-running manufacturing quality problems continued to hurt sales of consumer health products, which were down 3.6 percent in the U.S. and 0.4 percent worldwide at a total of $3.65 billion.
From ringing bells to fireplace logs crackling, the sounds of the holiday season is a near-distant memory. However, for employees in loud workplaces, these sentimental noises may become an even more faint memory of the past if the proper precautions aren’t taken.
It’s been my long-held belief that no matter what we automate in manufacturing, or how flexible and effective a supply chain we develop, it’s how we manage the people in the business that will make the difference between good and world class. When it comes to managing the workforce, very few industries are under more pressure than manufacturing.
Johnson Controls saw its European operations hammered by the broad recession there and posted a 17 percent decline in net income for the first-quarter Friday. A weak outlook for the current quarter sent shares tumbling in premarket trading.
After two separate and serious battery problems aboard Boeing 787s, it wasn't U.S. authorities who acted first to ground the plane. It was Japanese airlines. The unfolding saga of Boeing's highest-profile plane has raised new questions about federal oversight of aircraft makers and airlines.
General Electric Co. has been re-energized. Performance at all of the conglomerate's industrial segments is improving thanks to cost cutting, a shift in strategy and growth in emerging markets. GE, based in Connecticut, reported an operating profit per share of 44 cents, a penny higher than analysts polled by FactSet expected.
"Holy windfall, Batman!" The Batmobile just sold for $4.2 million. The original 19-foot-long black, bubble-topped car used in the 1960s "Batman" TV show sold at auction Saturday. The Barrett-Jackson Auction Co. in Scottsdale, Ariz., revealed the selling price but says the winning bidder has not been disclosed.
The Thai subsidiary of Toyota Motor Corp. announced Monday that Thai automotive industry sales in 2012 totaled a record 1.43 million vehicles, up 80 percent from the previous year. The company said it expects industry sales to drop 16 percent to 1.2 million vehicles in 2013.
State economic development officials offered $7 million in incentives to nine companies promising to create hundreds of jobs. In Friday's round of project approvals, the Iowa Economic Development Board offered incentives and loans to projects from existing companies that are proposing business expansions, the Des Moines Register reported.
CNNMoney's Jim Boulden looks at the pressure and problems Boeing and Airbus have faced in launching their new high-tech airplanes. Airbus' A380 has seen mid-air engine explosions and cracked wings, and now Boeing is dealing with battery - and possibly electrical - issues of its own.
Boeing is stopping deliveries of the 787 until the plane's electrical system is fixed but says production is not stopping. The plane is assembled in Everett, WA, and North Charleston, SC out of pieces built all over the world. The FAA has grounded the 787s currently in use until Boeing can prove the batteries are safe.