North and South Korea agreed Wednesday to restart operations at a jointly run factory park that Pyongyang shut down in April during a torrent of threats, the latest sign of easing animosity between the rivals. Wariness, however, still lingers in Seoul and Washington over Pyongyang's springtime provocations.
Buffalo's steel-making history helped the city land a $102 million factory that will produce pipes for the oil and gas industry and create 172 jobs, according to the president of the Dubai-based manufacturer. Gov. Andrew Cuomo said Tuesday that economic incentives for the project, which had been considered for Houston, include $2 million in funding from the sale of unallocated hydropower and up to $6.4 million in tax credits.
Nissan Motor Co. says its revamped Rogue SUV will be cheaper and more fuel-efficient than its rivals when it goes on sale in the U.S. in November. Nissan unveiled the 2014 Rogue Tuesday at its North American technical center near Detroit. The Rogue's European counterpart, the X-Train, was revealed at the same time at the Frankfurt Auto Show in Germany.
Union workers at the Oshkosh Corp. voted Tuesday to reopen contract extension talks with the company to help win a military contract. United Auto Workers Local 578 President Joe Preisler confirmed the vote in a text to Oshkosh Northwestern Media. The union did not release vote totals.
What has the U.S. learned five years after the financial collapse? Banking analyst Meredith Whitney and the Financial Times' Tom Braithwaite join Morning Joe to discuss. Has America steered itself out of the recession?
U.S. employers advertised fewer jobs in July but hired more workers, a mixed sign that suggests only modest improvement in the job market. Job openings fell 180,000 in July to 3.7 million, the Labor Department said Tuesday. That's down from 3.9 million the previous month, which was revised lower.
Volkswagen would become a "laughingstock" if it goes through with a deal to have the United Auto Workers represent workers at its Tennessee plant, U.S. Sen. Bob Corker said Tuesday. The Tennessee Republican told The Associated Press in a phone interview that he was dismayed when VW last week sent a letter to employees regarding its discussion with the UAW about creating a German-style works council at the Chattanooga plant.
Judging by the slew of electric and hybrid vehicles being rolled out at the Frankfurt Auto Show, it might seem carmakers are tapping a large and eager market. But in fact almost no one buys such cars — yet.
Former Mississippi Gov. Haley Barbour on Tuesday defended a coal-fired power plant that's under construction in Kemper County, saying the U.S. should develop a variety of energy sources, including Mississippi-mined lignite that will be used at the plant.
Authorities in a southern Chinese city said Wednesday that a deadly explosion was sparked while workers unloaded banned caps for children's toy guns and that the toll from the blast rose to seven dead and 36 injured. Tuesday's blast was ruled accidental, the Guangzhou Internet Information office said.
U.S. safety regulators are investigating brake problems in 90,000 late-model BMW cars. The National Highway Traffic Safety Administration says the probe covers the 328i from the 2013 model year. The government has received four complaints from drivers that it was difficult to brake the cars. Some reported increased stopping distances.
With insurance, you want to cover only what you need and can afford – nothing more. It’s the same with your spare parts inventories. Of course, with your spare parts, it is important to cover the risk but it is also important to be able to justify everything on the shelf – holding only what you need, and can justify, and nothing more. That is the key to effective spare parts risk management.
Automated and robotic machines for manufacturing operations can pose design challenges. The expansion of automation into broader applications has spurred demand for smarter, more efficient drives, controls and software tools. Staying ahead of the technological curve requires leveraging state of the art tools.
BBC's Richard Hammond drives a car into a reservoir, and explains how it has been specially designed and built for this purpose. Despite a few leaks, it does actually 'drive' underwater. A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" was recently sold at a London auction for 550,000 pounds ($865,000).
Gun manufacturer Sturm, Ruger & Co. could receive nearly $15 million for opening a new factory in the North Carolina community already home to America's largest firearms maker. Mayodan's town council on Monday approved offering Southport, Conn.-based Sturm, Ruger more than $850,000 over 14 years if it meets investment and job targets, The News & Record of Greensboro reported.
The AFL-CIO plans to open its membership to more non-union groups in an effort to restore the influence of organized labor as traditional union rolls continue to decline. A resolution approved Monday at the federation's quadrennial convention in Los Angeles would expand membership for workers who aren't covered by a collective bargaining agreement.
A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" has been sold at a London auction for 550,000 pounds ($865,000). The distinctively-shaped white Lotus Esprit, designed for an underwater scene in the 1977 film starring Roger Moore, was sold at RM Auctions on Monday.
Renault's chief executive Carlos Ghosn says his No. 2 decided to step down after telling a reporter that he had his eye on the top job at General Motors Co. or Ford Motor Co. In an interview last month, chief operating officer Carlos Tavares told Bloomberg that he doubted he'd ever become head of Renault because Ghosn is still relatively young.
The U.S. government is investigating allegations that the electric version of the Ford Focus can stall without warning. The National Highway Traffic Safety Administration said Tuesday it has gotten 12 complaints from drivers of Focus Electrics from the 2012 and 2013 model years.
The Oshkosh Corp. is once asking union members to reopen contract extension talks with the company to help win a military contract. Oshkosh has asked for a five-year extension on the present labor contract with United Auto Workers Local 578 that expires in 2016.