A Bangladesh government committee investigating the garment factory fire that killed 112 people last month said in its findings that the blaze was sabotage, probably by someone who worked there. But the panel said that no matter who set the fire, the owner of the factory also should be punished for the deaths because he neglected worker safety.
Chrysler Group is planning to potentially add 400 jobs at three existing central Indiana factories while also starting up a new plant nearby with perhaps 850 workers. The Kokomo City Council voted Monday night to approve property tax breaks requested by Chrysler for $212 million in new equipment for its factories in the city.
The story of how the United States lost its place in manufacturing dominance and why jobs were shipped offshore is highly relevant for business executives, government leaders, and anyone interested in understanding their true impact on the country and what it will take to reestablish America’s prominence as a manufacturing leader.
3D printing is a technology that has, for more than a decade, seen inroads mostly in the hobbyist community. It’s expensive and slow, but is capable of producing items that are difficult — if not impossible — to replicate with more traditional processes. Kevin Sullivan, director and global practice lead of the Industrial Practice, Cisco Internet Business Solutions Group (IBSG), says that day will come by the end of this decade.
Chrysler Group says it is considering a sprawling, unfinished factory in central Indiana for a plant with perhaps 850 workers. Tipton County officials on Monday approved a property tax abatement request from Chrysler for the factory site along U.S. 31 near the city of Tipton.
The federal government is expanding an investigation into floor mats that interfere with pedals in Ford, Mercury and Lincoln cars. The National Highway Traffic Safety Administration was initially investigating 2010 Ford Fusion and Mercury Milan vehicles. Late last week, it said it also would look at those 2008 and 2009 models and the Lincoln MKZ.
The Obama administration on Friday imposed a new air quality standard that reduces by 20 percent the maximum amount of soot released into the air from smokestacks, diesel trucks and other sources of pollution in its first major regulation since the election. EPA Administrator Lisa Jackson said the new standard will save thousands of lives each year as people "benefit from the simple fact of being able to breathe cleaner air."
The head of a new North Dakota-based sunflower business says he believes the company's new plant in Lubbock, Texas, is the most technologically advanced sunflower seed roasting facility in North America. SunGold Foods CEO Bob Majkrzakpresided over a ribbon-cutting ceremony Friday at the facility, which will produce in-shell sunflower seeds to be sold as snack food.
Cisco has completed the acquisition of software company Cariden Technologies Inc. for about $141 million. The privately held Sunnyvale, Calif., company supplies network planning, design and traffic management products and services for telecommunications providers.
Mitsubishi Motors Corp. said Monday that it has completed the sale of its wholly owned subsidiary that operates a plant in the Netherlands to the country's VD Leegte Beheer B.V. for one euro, in line with an agreement reached in July. The sale of Netherlands Car B.V. results in a one-off loss of some 25.1 billion yen, according to the Japanese automaker.
The growing popularity of Greek yogurt in the United States has revived at least one town in upstate New York when Chobani founder Hamdi Ulukaya decided to buy a closing yogurt factory in New Berlin, N.Y. He's grown the staff from 5 employees to over 1300 people. Rock Center’s Harry Smith reports.
Ford said Friday that it's talking to the government about the fuel economy of its hybrid cars after a report suggested they're falling short of targets. Consumer Reports said last week that Ford's new C-Max hybrid didn't meet the published fuel economy of 47 miles per gallon, averaging 38 miles per gallon in the magazine's testing.
The first new Boeing Co. jetliner sold to Iraq in 30 years touched down in Baghdad on Saturday, signaling the country's determination to rebuild its economy after decades of war and sanctions. Iraq is eager to improve its creaky aviation industry, which lags far behind that of its energy-rich neighbors.
The closure of the 85-year-old Minas Basin mill is the latest blow for one-industry towns that have seen the economy pass them by, adding to the westward migration of skilled workers and draining the coffers of struggling communities. As the plants close, the small-town dream fades for many, says Arne Jensen, a former construction electrician at the Minas Basin site.
Apple said Monday that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market. The iPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.