First it was a bike, then a motorcycle. Now, a Hungarian man has created a car made almost entirely out of wood. Istvan Puskas toiled away for four months until all the pieces came together. The frame, axles, gearbox, and even the gas tank are made from wood.
Labor backers are making clear their opposition to a pair of bills aiming to strip Ohio unions of their power to compel membership and automatically collect dues. Hundreds showed up Tuesday at the Ohio Statehouse, where the first — and probably the last — hearing was being held on right-to-work legislation proposed by Republican state Reps. Kristina Roegner and Ron Maag.
A research study by the University of Tennessee at Knoxville shows Volkswagen's assembly plant in Chattanooga is responsible for more than $643 million in annual income. The study also estimates that the plant increases state and local tax revenue by $53.5 million annually.
A U.S. trade agency on Tuesday issued a ban on imports of Apple's iPhone 4 and a variant of the iPad 2 after finding the devices violate a patent held by South Korean rival Samsung Electronics. Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S.
Orders to U.S. factories rose modestly in April as manufacturers rebounded from a weak March performance. Factory orders rose 1 percent in April compared with March when orders had dropped a sharp 4.7 percent, the Commerce Department said Wednesday. The big swing reflected volatility in commercial aircraft orders, which were down sharply in March but surged 53.3 percent in April.
Republican U.S. Senate candidate Gabriel Gomez pressed for a cut in the corporate tax rate after a tour of textile-maker Polartec. The company has rebounded from a massive fire in 1995 that destroyed the plant, and two subsequent bankruptcies. It now faces new challenges brought on by the decline in defense-related business resulting from the winding down of foreign wars and the automatic federal budget cuts that went into effect in March.
Toyota says it is hiring slightly more new workers than first expected as it increases production at its southwestern Indiana factory. The automaker announced last year that it would add about 400 employees to the Princeton factory's workforce so it could build 50,000 more Highlander SUVs a year.
VolturnUS, the nation's first floating wind turbine designed to generate electricity from ocean winds, was launched as demand for clean and alternative energy grows. Developed at the University of Maine, the technology has the potenial to power the U.S. 4 times over. Terrell Brown reports.
Bosch Rexroth Corporation, which has a manufacturing campus in Bethlehem, PA, was honored with the Jobs First Award for the Lehigh Valley region for its job growth, commitment to sustainable business operations and for its collaboration efforts within its community.
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Apple expects to expand its Silicon Valley workforce by nearly 50 percent during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad. The projections detailed in a report released Tuesday envision Apple hiring 7,400 more workers at its Cupertino, California, headquarters between now and the planned completion of a new office complex in 2016.
The Italian government on Tuesday appointed a turnaround expert as administrator to oversee Europe's largest steel mill as part of an emergency decree to safeguard jobs while pushing ahead with an environmental cleanup at the plant linked to elevated cancer rates in the area.
Several economic figures for the 17 EU countries that use the euro all showed the same thing Wednesday — there's no sign of a recovery from recession. Eurostat, the European Union's statistics office, confirmed that the eurozone's economy as a whole shrank 0.2 percent in the first quarter of the year from the previous three-month period, with most sectors declining.
A new study by the Wyoming State Geological Survey has identified dozens of possible sources of rare earth metals in Wyoming in addition to deposits in the Bear Lodge Mountains that a company already has targeted for mining. State geologists gathered and analyzed 335 rock samples from around Wyoming over the past year, making use of $200,000 appropriated by the Legislature.
Toyota Motor Corp. said Wednesday it is recalling about 242,000 of its Prius and Lexus hybrid vehicles due to problems with their braking systems. The recall applies to about 233,000 Prius vehicles made between March and October 2009 and about 9,000 Lexus HS250h models made between June and October 2009.