More than 400 American Crystal Sugars workers in North Dakota who are locked out in a contract dispute are eligible for unemployment benefits, the state Supreme Court ruled. The decision reverses a lower court's ruling that said the workers were not eligible for benefits from Job Service North Dakota because state law prohibits unemployment insurance for workers involved in labor disputes.
Wonder bread could start appearing in school lunchboxes again soon. A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.
Airbus parent company EADS NV posted a 47 percent drop in fourth-quarter net profit Wednesday after taking costly charges at its helicopter and defense electronics divisions. The aerospace giant recorded a €325 million ($425 million) net profit in the October-December period, down from the previous year's €612 million. But for the full year, its net earnings were up 19 percent at €1.23 billion from €1.03 billion in 2011.
Tokyo Electric Power Co. may suspend power supply to companies and factories that are refusing to accept the utility's higher electricity rates, which it has increased since April last year by an average of 14.9 percent, a company official said Wednesday.
Orders for U.S. factory goods that signal business investment plans jumped last month by the most in more than a year, suggesting companies are confident about their business prospects. The Commerce Department said Wednesday that orders for so-called core capital goods, which include industrial machinery, construction equipment and computers, rose 6.3 percent in January from December.
Apple CEO Tim Cook is assuring shareholders that the company is working on some "great stuff" that may help reverse a sharp decline in its stock price. True to Apple's secretive nature, Cook didn't provide any further product details during the company's annual shareholders meeting Wednesday at its Cupertino, Calif., headquarters.
Lots of car awards are given out every year but if you talk to anyone in the industry, probably none matters more than getting the nod from Consumer Reports. Consumer Reports recently announced their Top Pick vehicles for 2013, which received the highest scores in their self-administered tests. Detroit automakers didn't make the cut.
The need for robust food safety programs has never been greater, and a host of new technologies have sprung up to help processors meet the increasing challenges. What are these new advancements, and how can they help you meet your customers’ demands?
The chief executive of electric car maker Tesla Motors says his company plans to pay back an Energy Department loan in half the time required by the U.S. government. CEO Elon Musk said Tesla plans to pay off the $465 million federal loan in five years, rather than 10 years.
A BP executive will testify for a second day Wednesday at a trial over the worst oil spill in the U.S., speaking before a judge who will decide whether the London-based oil giant and other companies acted with gross negligence for the 2010 disaster in the Gulf of Mexico.
The Justice Department has decided it won't seek criminal charges against Imperial Sugar or its executives years after explosions tore through its sugar refinery near and killed 14 workers, a federal prosecutor in Georgia said Tuesday. .S. Attorney Edward Tarver issued a statement saying prosecutors determined at best they would be able to bring only misdemeanor charges alleging violations of industrial cleanliness standards of OSHA.
Now that Alabama is getting an Airbus manufacturing plant, state lawmakers want to prevent Airbus suppliers from setting up shop in neighboring states where it's not as easy for them to be sued. House and Senate committees voted unanimously Tuesday for legislation to limit lawsuits involving large commercial planes made in Alabama.
Hyundai is adding more Veloster hatchbacks to a recall for panoramic sunroofs that can shatter and cause injuries. In December, the automaker recalled about 13,500 of the funky cars from the 2012 model year. Now it's adding about 6,100 more, bringing the total to 19,600 in the U.S. The additional Velosters were built from July 4, 2011 through Oct. 31, 2011.
First Solar, Inc. on Tuesday posted net income of $154.2M for the fourth quarter, reversing a huge loss from a year earlier, but investors were disappointed by the company's sales in the quarter and the earnings outlook for this year. Last year the company lost $413M, or $4.78 per share, on revenue of $660.4M after it reduced the value of its solar system components division and booked other one-time charges.
Product companies are facing significant challenges. Complex global supply chains have become the norm. Social data has changed the way people communicate. Supply chain velocity has exploded. Shorter order runs, compressed innovation cycles, faster decision making, on the spot judgment calls: companies have no choice but to move faster.
Everybody has heard the now-clichéd term, ‘too big to fail’, and all of the negative connotations that are associated with said title. Also, I’m sure most, if not all, of you have heard or read something about the recent problems Boeing is experiencing with the Lithium Ion batteries.
Government officials argued Tuesday over whether pay is still too high for top executives at bailed-out companies like AIG, General Motors and Ally Financial. In a hearing before the House's oversight committee, Christy Romero, who runs the group meant to be a watchdog over the government's financial crisis-era bailout, argued that pay is too high.
President Barack Obama is arguing that looming government-wide spending cuts could idle military resources like naval aircraft carriers, while Republicans are criticizing the president for taking his arguments outside Washington instead of staying to work out a plan before Friday's deadline.
BP failed to implement a new safety plan on the ill-fated Deepwater Horizon drilling rig even though the company realized a blowout in the Gulf of Mexico was its greatest danger, an expert witness for people and businesses suing the company testified Tuesday.
Lexus topped all automotive brands in Consumer Reports magazine's 2013 brand report card. Japanese automakers again dominated the rankings, taking eight of the top 10 spots. Lexus vehicles are rarely sporty, but they earned the top score of 79 points out of 100 because of plush and reliable vehicles, the magazine said Tuesday.