China's manufacturing improved in October, adding to signs the world's second-largest economy might be recovering from its deepest slump since the 2008 global crisis, two business surveys showed Thursday. The Chinese numbers are rare good news for the world economy, which has slowed as Europe's chronic debt crisis worsened and the American economy stagnated.
Widespread power outages and subway shutdowns may wind up making Superstorm Sandy the second most expensive storm in U.S. history, according to the forecasting firm Eqecat. That would rank it right behind Hurricane Katrina. Eqecat said Thursday that the damage from the storm will likely be far worse than it previously predicted, largely a result of Sandy hitting the most densely populated area in the country.
The lawsuit claims Redmond, Wash.-based Microsoft Corp. is using elements known as live tiles, rectangular icons linked to websites, apps and other items. SurfCast says it developed the tiles, referred to on its website as "dynamically updating icons" containing refreshed real-time content, in the 1990s.
The rugged, customizable tool set allows users to choose various measurement modules based on their specific troubleshooting scenario.
Today’s trend of Midwest manufacturing declining is due to a triple hit: a Chinese ordering slowdown, a languishing European economy, and the domestic U.S. fiscal direction being up in the air with the presidential election. As a result, it’s no surprise that the ability to sell and grow the movement of manufactured goods is suffering, especially on international markets.
Throughout its 89-year history, Just Born in Bethlehem, Penn., has produced such iconic candy brands as PEEPS® and MIKE AND IKE®. The family-owned company prides itself in maintaining a sense of tradition, while continuing to generate growth through innovative production processes.
Hurricane Sandy has, without a doubt, already caused an enormous toll on human life and businesses alike. As with all major events, it is important to track the road to recovery. This is where, for the time being, IMPO will compile news about Hurricane Sandy, its aftermath, and how that will affect American manufacturing. This will be consistently updated as more news arrives, so check back often.
Most major automakers reported sales increases in October despite losing at least three days of business to the punishing rain and wind from Superstorm Sandy. Toyota said its sales rose almost 16 percent for the month, while Volkswagen reported another strong month with sales up 22 percent. Chrysler sales rose 10 percent, General Motors was up 5 percent and Ford rose slightly.
Ford's leaders have watched Mark Fields, a brash Harvard MBA, turn the company's North American business into a profit machine. Now the CEO job is his to lose. Fields, who has spent seven years as head of Ford's Americas division, will become chief operating officer on Dec. 1. He will report to CEO Alan Mulally, 67, who said Thursday that he plans to remain CEO at least through 2014.
Chrysler had its best October in five years as sales for the month rose 10 percent despite Superstorm Sandy washing out three days of business on the East Coast. The company said Thursday that it sold 126,000 cars and trucks for the month, led by the Ram pickup, which was up 20 percent, and the Dodge Caravan minivan, which saw sales rise 49 percent.
Bombardier says it is taking steps to avoid delivery delays for a series of railway projects, including Toronto and Montreal's subway cars, after workers at its plant in La Pocatiere, Que., launched a strike Thursday. "We are taking all measures to ensure that we deliver on our commitments to our customers," Bombardier spokesman Marc Laforge said in an interview.
Italian carmaker Fiat says it will have to fire 19 workers at its Naples factory to make room for an equal number a Rome court has ordered rehired. Fiat said Wednesday it does not have enough work at the plant, which has closed for 20 days this year due to shrinking demand, to add the workers to its force of 2,150.
A northern Indiana company says the shutdown of its factory that makes Humvees for the military will continue until late November. AM General began what it at first called two-week layoffs of workers from its military assembly plant in Mishawaka on Oct. 1. The layoffs of an undisclosed number of workers have since been extended three times.
James Dyson, inventor and founder of the Dyson company, discusses patent infringements with New York Times reporter Steve Lohr. The Dyson company works diligently to not only innovate, but protect that innovation from patent infringement. It's an issue that is as prevalent as its ever been.
This car is pink, but underneath that paint job is a surprisingly good, tiny car by an American auto maker, says CNN Money senior editor Peter Valdes-Dapena. With four doors and a "fairly usable" backseat, the 84 horsepower Chevy Spark is a good option for city dwellers.
Microsoft CEO Steve Ballmer and Dell CEO Michael Dell show off Windows 8 on a new transformable Dell notebook. The new Microsoft operating system will work across all devices—desktops, tablets, phones—but won't be released until next year.
Scientists in the United States who have developed electronics that dissolve inside the body, say they will one day replace conventional materials for use as medical implants. Encased in silk, the electronics could be adapted to monitor infections or deliver drugs before harmlessly melting away in the body.
GM has posted a surprisingly strong third-quarte profit. But the big news is it's expected to break even in Europe by 2015, despite nearly $1.8 billion estimated in full year operating loss in Europe, where it sells its Opal brand. And Facebook stock is falling while Foxconn gives a boost to Apple with its possible future venture with Sharp. All this after the market reopened after its first two-day weather closure since 1888.
The new-for-2013 Hyundai Elantra GT hatchback is a stylish, fuel-sipping, nimble car with surprisingly quiet interior and luxury touches that include a huge panoramic sunroof and a sliding center armrest. Despite the name, though, this new Hyundai is not that much of a GT, or Grand Tourer, in performance.
An executive at a California airplane repair company has pleaded guilty to endangering aircraft by cutting corners with replacement parts not certified by regulators. The U.S. attorney in Sacramento said Tuesday that Jerry Edward Kuwata, of Granite Bay, admitted to using uncertified parts and falsely certifying that the Federal Aviation Administration approved their use in aircraft repair.