U.S. Steel says it lost $73 million in the first quarter because of tough competition and rising prices. A year ago it made money in its flat-rolled steel segment, but that was a money-loser in the most recent quarter. Production costs rose, but selling prices didn't.
Subaru is recalling just over 10,000 of its 2014 Forester wagons because the floor mats can interfere with the clutch, brake or gas pedals. The recall affects Foresters made from January 2013 through March. The company says the floor mats can curl when exposed to heat.
Thankfully, rather than simply doing a quick visual assessment of the roof and deciding it needs to be replaced, today’s roofing professionals can rely on several different non-destructive moisture tests to help make solid recommendations based on unbiased scientific information. The decision of when to repair, restore or replace a large commercial roof often involves a million dollars or more.
After years of advice, prodding, urging and incentivizing, manufacturers are greener than ever, and so are their pocket books. According to statistics from the U.S. Energy Information Administration (EIA), the average retail price of electricity for industrial customers has risen steadily from 5.05 cents per kilowatt-hour in 2001 to 6.82 cents per kilowatt-hour in 2011.
The Disston Company’s CEO and President, Stephen Chen, purchased a 130,000 square foot industrial building in Chicopee, company spokesperson, Mark Marzeotti, today announced. Disston is a manufacturer of saw blades, drill bits, and other hand and power tool-related accessories for the DIY, contractor, and industrial markets. Its brands include Blu-Mol, RemGrit, Aggressor, and Blu-Mol Xtreme.
Intelligrated®, a leading North American-based automated material handling solutions provider, today announces the appointment of Bob Wilson to the position of vice president, international division, Intelligrated. Based in Mason, Ohio, Wilson will oversee international sales and operations.
With the backdrop of an uncertain economy, shrinking unions and company cost-cutting, Goodyear and the Steelworkers are negotiating on a new national contract covering 8,000 tire workers at six plants. The first round of talks in Cincinnati ended Thursday and recessed.
Weak sales in Europe and lower profits at U.S. partner Chrysler pushed Italian carmaker Fiat to a loss in the first quarter. Fiat SpA on Monday said it lost 83 million euros ($108 million) during the first three months of the year, compared with a restated first-quarter profit of 35 million euros in the same period of 2012.
Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands. The predecessor to Hostess Brands filed for bankruptcy protection in 2012 after years of turmoil and later decided to go out of business after a nationwide strike crippled its operations.
A Bangladesh court on Monday gave police 15 days to interrogate the owner of a building that collapsed last week, killing at least 382 people, as rescuers used heavy machinery to cut through the destroyed structure after giving up hopes of finding any more survivors.
Of the 180 facilities in Arkansas that are listed as storing fertilizer, just one has both anhydrous ammonia and ammonium nitrate, according to the Arkansas Department of Agriculture. The two compounds were stored at a Texas fertilizer plant where a deadly explosion occurred April 17.
Honda is recalling nearly 46,000 Fit Sport small cars in the U.S. and Canada to fix a problem with the electronic stability control system. The recall affects cars from the 2012 and 2013 model years. Honda says the stability control system can let the car tilt too far before it applies the brakes to prevent a crash.
Researchers at Georgia Tech University have developed an organic solar cell made of wood. The biodegradable, transparent films are designed to replace the layers of glass or plastic found in conventional solar cells, heralding the possible development of solar panels that are 100 percent recyclable. Reuters' Ben Gruber reports.
After weeks of fiery rhetoric, military posturing and threats that it's willing to strike back hard if provoked, North Korea appears to be taking a bit of a breather. The U.S.-South Korea war games it despises are winding down, and feelers are out in diplomatic circles that it might be best to open up some avenue for dialogue.
Boeing Co.'s chief engineer for the 787 Dreamliner said Saturday that changes to the lithium-ion battery system are fully sufficient to ensure the aircraft's safety, although the company has been unable to find the cause of the original battery failures earlier this year that led to groundings of the plane worldwide since mid-January.