Federal lawyers have begun making their case for adding some $13.7 billion in penalties to costs already incurred by BP after the 2010 Gulf oil spill.
Just days after announcing job cuts citing uncertainty in the global oil industry, Schlumberger Ltd. announced a deal to purchase a minority stake in one of Russia's leading energy companies.
What can we expect from the President’s State of the Union address tonight? Probably some gloating. With gas now below $2 a gallon in most of the U.S., stocks soaring to record new highs, unemployment down to pre-recession levels, trade deficits shrinking and inflation low, love him or hate him, the Obama administration has helped in turning the economy around.
The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future.
Powder-Solutions Inc is introducing their new magnetic mat, The MAGNATTACK.
Check out a photo of SpaceX's unsuccessful landing in IMPO's Photo of the Day.
The skills gap, or the documented gap between the number of manufacturing jobs available and the number of talented workers available to fill those positions, was undeniably one of the hottest topics in manufacturing in 2014.
The California eighth-grader has launched a company to develop low-cost machines to print Braille, the tactile writing system for the visually impaired. Tech giant Intel Corp. recently invested in his startup, Braigo Labs.
The team behind a Swiss-made solar-powered aircraft that is attempting to fly around the world said Tuesday the clean-energy plane will stop in India, China and the United States in a historic journey set to begin as early as next month.
In ways large and small, plummeting oil prices are now reverberating through businesses, towns, schools and family budgets, causing confusion and changing plans. With prices having fallen by nearly half in just six months, the potential impact has been sudden and wide ranging.
Speed, compliance, and spend management are all significant factors in the industrial MRO space. In this video, we’ll speak with Geoff Robertson – Vice President, e-Commerce Strategy and Planning for Grainger – on some of the emerging areas of e-commerce functionality, and the business processes these advancements are designed to address.
This week has been full of news from the North American International Auto Show in Detroit, from amazing new cars to some questionable concepts. However, this week’s winners — Ford and Volkswagen — may have stolen the show. On the other end of the stick, oil producers are faced with even more losses as oil prices continue to tumble, earning them the title of ‘Manufacturing's Loser of the Week.’
As news of stolen data and cyberattacks becomes an increasing part of our daily lives, President Obama is urging Congress to pass legislation to better protect personal data and put the U.S. on a path to a better cyberdefense.
Ford CEO Mark Fields talks to Poppy Harlow about his company's future with driverless cars, and why they present such an ethical conundrum.
Going “green” is not only good for the environment—it is also good for the wallet in the long run, and it helps boost the social capital of a company.
So far, 2015 is off to a pretty good start in terms of recalls, at least compared to last year. Last year was a spectacularly bad year in recalls.
Factory production increased at the fastest rate in four years in 2014, according to the latest monthly numbers from the Federal Reserve.
The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products.
Ahead of his State of the Union speech next week, President Obama has announced that he will call on Congress to require companies to give workers up to seven days of paid sick leave a year.
According to the Associated Press, Lincoln Trail College, an Illinois community college, is planning on adding a petroleum drilling technology degree program to its curriculum this fall. The new addition is designed to help prepare students for careers in hydraulic fracturing, or fracking.