Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class-action settlement with a team of private plaintiffs' attorneys, court-supervised claims administrator Patrick Juneau said.
General Motors' CEO said Wednesday that he expects the company to steal sales from rivals in the U.S. this year as its new cars and trucks gain traction with customers. Dan Akerson told reporters that he sees a modest gain in U.S. market share, helped by the rollout of the Chevrolet Silverado and GMC Sierra pickups and two Cadillac sedans. He also expects the company to do well globally during the next two years.
Boeing's 787 is supposed to revolutionize air travel. It just needs to get out of its own way first. The new plane is undoubtedly Boeing's most visible. It's built from composites instead of aluminum and comes with the promise of the most comfortable ride in the sky. At $200 million each, 787s are an important part of Boeing's future, even though it will be a while before it makes money on them.
MakerBot CEO Bre Pettis shows off the company's latest 3-D printers and says they want to make 3-D printing more approachable for users. He explains that MakerBot is an innovation company, and they make machines that help other people become innovative and make things.
Tactus Technology has developed a keyboard that rises up from a touchscreen when you need to type. Tactus Technology CEO, Greg Ciesla, demonstrates the technology that gives users all the advantages of a touchscreen, but converts to a tactile surface to make it easier to type.
For 2013, Honda came out with a competely redesigned Civic and the new 2013 Honda Civic makes the prior year's model look like an unfortunate rough draft. The Civic was 2012's best selling compact car in America, but CNN Money Senior Writer Peter Valdes-Dapena says those buyers should have waited.
ESI International, the world's leading project management training company, has released its top 10 trends in project management for 2013. The 2013 trends reveal that expert leadership is lacking in all areas of project management, portfolio management, and program management.
Tens of thousands of gadgets, including the new wave of high-definition televisions, are on display in Las Vegas at the biggest tech show in the industry. This year's show is missing two of the biggest tech giants - Google and Apple. CBS News' Bigad Shaban has a first look at what's hot at the 2013 Consumer Electronics Show.
General Motors CEO Dan Akerson said Wednesday he hopes the company regains investment-grade credit status this year. He told reporters that the company is working with credit rating agencies to raise its status from junk, where it's been since 2005. Akerson said the company's recent $11 billion credit line received investment grade rating, showing that banks are ahead of the ratings agencies.
Don't be surprised if some people assume the 2013 Chevrolet Spark is another newfangled electric car. Just 12 feet long and with an aerodynamic front end and abruptly chopped-off rear, the South Korean-built Spark could pass for an electric car. But there's no plug and no problem with fueling the 2013 version of this Chevrolet, because it comes with a gasoline-sipping, internal combustion, four-cylinder engine.
Archer Daniels Midland has temporarily shut down operations at its corn processing plant in central Illinois after an early morning explosion damaged the facility. ADM spokeswoman Jackie Anderson says a fire broke out after the explosion in the maintenance area of the Peoria plant at about 3 a.m. Wednesday. Nobody was hurt but fire officials say one person was taken to the hospital as a precaution.
Gov. Rick Scott wants to eliminate Florida's sales tax on equipment and machinery bought by businesses. Scott on Wednesday in Jacksonville said he will ask the Legislature this year to fully exempt such purchases from sales tax. Florida currently offers a sales tax exemption on equipment purchased for industrial use if it expands a manufacturer's output by at least 5 percent.
A new defense spending plan will keep the nation's only tank manufacturing plant operating through the next two years, ending months of worry about the future of the factory where about 800 workers refurbish the Abrams tanks. Funding for tank upgrades has been on the chopping block the past two years and the debate over the potential cuts backed by the White House entered into the presidential campaign this past fall.
United Technologies Corp. said Tuesday that airplane manufacturer Embraer will use an engine made by United Technologies' Pratt & Whitney division in the second generation of the E-Jet aircraft family. United Technologies said Embraer chose Pratt & Whitney's PurePower Geared Turbofan engine for its E-jet.
What could new troubles mean for the future of Boeing's 787 Dreamliner? Are these problems growing pains or something more significant? CBS News travel editor Peter Greenberg speaks to the "CBS This Morning" co-hosts about the continuing issues.
World stock markets rose Wednesday after the fourth-quarter earnings season got off to a positive start in the U.S. with aluminum giant Alcoa forecasting higher demand for 2013. Because Alcoa makes aluminum for so many key industries, investors study its results for clues about the health and direction of the overall economy.
Chevrolet is dropping its "Chevy Runs Deep" slogan and replacing it with the new tagline "Find New Roads," saying that it's better geared toward drivers outside the U.S. The General Motors Co. brand pointed to its significant overseas expansion over the past several years, noting that it's developing products for sale in more than 140 markets around the world.
In the not-so-distant future, couch potatoes will be waving, pointing, swiping and tapping to make their TVs react, kind of like what Tom Cruise did in the 2002 movie "Minority Report." That's the vision of TV manufacturers as they show off "smart TVs."
The Chinese company that bought MiaSole, a California producer of thin-film solar panels, says it can make the emerging technology successful where others have suffered huge losses. Hanergy Group's strong finances will help MiaSole invest in research and ride out a downturn in the global solar market, while its links to customers in China and abroad will help build sales, chairman Li Hejun said Wednesday.
Boeing officials say they will begin actively marketing the company's Wichita defense facilities by the end of January. The company announced last year that it was closing the Wichita plant and moving work to Oklahoma, Texas and the Pacific Northwest. Boeing owns 97 buildings on 413 acres, with properties ranging from large hangars to tool sheds.