Mississippi Attorney General Jim Hood says Mississippi will receive about $561,288 in a multi-state settlement with Toyota Motor Corp. over problems with accelerator pedals. Hood says Mississippi will be getting part of a $29 million pot split among 29 different states and American Samoa.
Industrial equipment maker Illinois Tool Works Inc. said Tuesday that it may sell or spin off its industrial packaging segment. The division, with 2012 revenue of about $2.4 billion, designs and makes steel, plastic, and paper products used for bundling, shipping, and protecting transported goods. Its brands include Signode, Strapex, Angleboard and Mima.
Strong demand for peanut butter and a $6 million tax break persuaded J.M. Smucker to reverse its decision to close its Memphis plant. According to The Commercial Appeal, the Orrville, Ohio-based company announced Monday it will invest $55 million in new equipment at the plant and add 65 jobs.
As part of National Engineers Week, AMT partnered with the SME Education Foundation, Gardner Business Media, and Modern Machine Shop magazine to produce a video titled "Women in Engineering," featuring Becky Miller, a Quality Control Engineer at GE Aviation. The purpose of this video is to educate young women about the possibilities offered by a career in manufacturing.
China has a new status its government doesn't want — world's biggest trader. Official Chinese and American trade data indicates China passed the United States last year in total imports and exports by a margin of $3.866 trillion to $3.822 trillion. That is about $44 billion, or just over 1 percent of China's total.
It's not often that environmental organizations and the coal industry come down on the same side of a policy debate. But that's happening in West Virginia, where both groups have concerns about Gov. Earl Ray Tomblin's proposal to eliminate a state tax incentive for plug-in electric cars and other alternative fuel vehicles.
Get ready for two weeks of intensifying warnings about how crucial, popular government services are about to wither. Many of the threats could come true. President Barack Obama and congressional Republicans made no progress this past week in heading off $85 billion in budget-wide cuts that automatically start taking effect March 1.
BP acknowledged Tuesday it had failed to reach a settlement in advance of next week's civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against allegations of gross negligence in the U.S.'s biggest environmental disaster.
Wheeling-Nisshin expects to begin production of a new product at its plant in Brooke County by the end of the year. The company is spending $28 million to add a new corrosion-resistant, hot dip coated steel sheet line at its Follansbee plant.
Investors will be hoping to avoid another shock when slumping personal computer and printer maker Hewlett-Packard Co. reports its latest quarterly result after the stock market closes Thursday. The results are expected to show the HP's revenue sinking from the previous year for the sixth consecutive quarter.
The new 300,000 square foot Diamond Pet Foods facility in Ripon, Calif. went online in May 2012 with more than 500 high efficiency, Class II Div 2 LED fixtures. Through combined energy and maintenance savings, the company expects a full return on its investment in less than two years and will benefit from improved visibility thanks to the clear, white light of the Dialight LEDs.
Retailers have developed strong capabilities to capture customer level data, and also become expert at analyzing it for marketing purposes. The last decade has seen a dramatic shift towards data-driven marketing, and the opportunity is now available for manufacturers to shift into customer-centricity.
It's been a rough few years for Blackberry, watching as its phones lost market share to the likes of Apple and Samsung. Trying to reverse its fortunes, the Canadian company overhauled its hardware and software, and the result is the Blackberry Z10. Here's a breakdown of the first BlackBerry 10 device that shows the Z10's costs are competitive with Apple's iPhone.
It was only a matter of time. With many of its debt-ridden euro partners in recession, Germany could only swim against the tide for so long. Figures Thursday showed that output in Germany, Europe's largest economy, contracted by more than anticipated in the last three months of 2012. And it was the German drop that lay behind a deepening of the recession across the economy of the 17 European Union countries that use the euro.
High-powered charging stations may be popping up in a mall parking lot near you as Canadian companies look to expand the number of places hybrid and electric cars can stop and juice up. The Canadian International Auto Show in Toronto features not only bold concept vehicles, but also several firms looking to plant a charging station in your home and on the highway.
French car maker Renault managed to shore up its cash position in 2012 even though it saw its profits crumble during the year in spite of a big one-off gain from the sale of its shares in Swedish truck maker AB Volvo. Renault said Thursday its net profit fell 15 percent to €1.77 billion ($2.39 billion) in 2012.
Virginia joined 28 other states in a $29M agreement with Toyota over allegations the company concealed safety issues related to unintended acceleration. In a complaint filed along with the agreement, the states allege Toyota engaged in deceptive practices when it failed to timely disclose known safety defects with accelerator pedals.
U.S. factories slowed production in January after two solid months of cranking out goods. The weakness mainly reflected a big drop in output at auto factories that is likely temporary. Manufacturing output fell 0.4 percent in January from December, the Federal Reserve said Friday. The decline followed increases of 1.1 percent in December and 1.7 percent in November.
Shell Brasil SA and BASF SA have offered more than $20 million to settle a class-action lawsuit with former workers allegedly contaminated at a pesticide plant in the state of Sao Paulo, Brazil's top labor court said Friday. The court said on its website that the two companies have offered to provide 884 workers with lifelong health plans with a "global value" of 52 million reals ($26 million).
The price tag for a South Carolina project intended to turn weapons-grade plutonium into fuel for nuclear reactors has gone up by $2B, according to a report. The assertion by the General Accountability Office means that the overall cost for the National Nuclear Security Administration project is now estimated at just under $7B, with still several more years to go before the facility is expected to open.