Green Mountain Coffee Roasters Inc. said Thursday that it will cease production at its facility in Toronto and cut 120 jobs as it consolidates its Canadian production in Montreal. The Waterbury, Vt., company said it will move all of its Canadian coffee and portion-pack production to its facility in Montreal. It plans to end its operations in Toronto by March 5.
After a slow first half of 2013, expectations are for the U.S. economy to gradually return to moderate growth in the second half and through 2014, according to a new forecast. The MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand 1.6 percent in 2013 and 2.8 percent in 2014, the former down from 1.8 percent and the latter showing no change from MAPI’s May 2013 report.
New numbers show August had the highest number of auto sales of any month since the Great Recession. Toyota, Ford, Nissan, Chrysler and General Motors all reported double-digit U.S. sales. Financial and economic analyst Mellody Hobson explains why sales are booming.
The United Auto Workers union confirmed Friday that it's in talks with Volkswagen about representing workers a factory in Chattanooga, Tenn. Currently no U.S. plants owned by foreign automakers have UAW representation. But the union has been trying for years to organize the plants, which mainly are in southern states.
U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserve's decision later this month on whether to reduce its bond purchases.
Federal safety officials fined an Illinois-based company more than $185,000 on Thursday after a worker suffered severe burns at the same northern Wisconsin plant where five people have been killed since 2008. Packaging Corp. of America was cited for 30 alleged safety violations, including failing to provide proper safety equipment and improperly storing hazardous materials.
Indiana Gov. Mike Pence left Thursday on his first overseas trade mission as governor, taking along more than 40 political and business leaders to Japan. The trade delegation flew out of Indianapolis for a nine-day trip through Tokyo, Nagoya and Tochigi Prefecture, Indiana's Japanese sister state.
The Timken Co. said Thursday that it plans to split the company into two publicly traded companies. The Canton, Ohio, company's board approved a plan to separate its steel business from its bearings and power transmission business through a spinoff.
Gov. Rick Snyder has tapped a veteran auto industry executive to become the state's automotive adviser. The appointment of Nigel Francis and creation of the Automotive Industry Office were effective as of Sunday. Francis will make $170,000 a year in his new job.
Explosion proof fixtures provide protection by preventing any ignitions within the fixture housing from igniting the atmosphere outside of the fixture. Intrinsically safe fixtures are more specialized and provide their protection by being low powered and incapable of producing enough heat or spark to produce ignition.
If you had a chance to “drive” to work tomorrow without having to touch the steering wheel or press down a pedal, would you do it? Think of the amount of time commuters everywhere could gain back – without having to actually think about driving, commuters can now safely take a phone call, catch up on the news, or maybe even nap (if you’re the type to put complete trust into driverless technology).
The third and final phase of a comprehensive study co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy demonstrates that the impact of shale energy production on America’s economy goes well beyond the energy industry itself—but it could be in jeopardy if the U.S. adopts more restrictive policies or regulations.
American businesses added 176,000 jobs in August, a private survey showed Thursday. That was fewer than in June and July but roughly in line with the monthly average for the year. The payroll company ADP said professional and business services firms added 50,000 jobs.
China's airlines are likely to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending, Boeing Co. said Thursday. Boeing and European rival Airbus Industries are looking to China to drive sales as growth in demand cools elsewhere.
California's Senate has approved two bills designed to encourage motorists to buy low-polluting vehicles. Both extend existing programs that allow solo drivers to use carpool lanes as an incentive. B286 by Democratic Sen. Leland Yee of San Francisco passed the Senate Wednesday on a 30-8 vote.
Manufacturers and others responsible for attracting jobs in West Virginia need to get tomorrow's workforce interested in their industries at a young age, a speaker at an economic forum said Wednesday. With coal industry jobs dwindling and young people leaving the state to find work, members of a panel at the Clay Center in Charleston discussed workforce training and directing students toward getting degrees that fit available jobs.
A former NASA engineer who pleaded guilty to conspiracy in a copyright infringement scheme led by two Chinese nationals was sentenced to probation. U.S. District Judge Leonard Stark credited Cosburn Wedderburn, 40, for his substantial assistance to federal authorities investigating the website called "Crack 99," which sold pirated, industrial-level software in which the access control mechanisms had been "cracked," or circumvented.
Virginia Dominion Power submitted a successful $1.6 million bid Wednesday to lease nearly 113,000 offshore acres for the development of wind turbines that could power 700,000 homes. Virginia's largest utility beat out one other bidder, Apex Virginia Offshore Wind LLC of Charlottesville, in the nation's second lease sale of ocean bottom dedicated to the development of huge wind turbines.
The 1935 Avions Voisin C25 Aerodyne was designed by an aviation designer and takes cues from airplanes of that era. The designer of the Voisin was originally an aviation designer and wanted to transfer aviation design to the automobile to create the best car he could. It recently sold at Pebble Beach for $1.925 million.
Game Plan is an open forum where manufacturing, wholesaling and distribution executives gain insight from thought leaders and industry peers about their experiences in developing e-commerce strategies for customer demands. Companies presenting at the Game Plan forum include Airgas, American Tire Distributors, Herman Miller, Johnstone Supply, MSA, OpenText™, Purchasing Power and Stanley Black and Decker.