The German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections.
United Airlines expects to start flying its Boeing 787s again on May 20. The 787s had been grounded because of concerns about smoldering batteries, but they have been returning to the skies. Ethiopian Airlines was the first to fly a 787 again, on April 27.
We've seen a number of concept cars from Audi, but when will we be able get behind the wheel of a fully plug-in electric car from Audi? Audi of America president Scott Keogh talks about Audi's technological breakthroughs in plug-in and self-driving vehicles.
Greenlee continues to expand its Professional Tool Specialist program with the launch of three additional trucks and trailers. The new vehicles will allow Greenlee specialists to further provide value-added services to end users, such as tool demonstrations, joint sales calls, technical support, and safety presentations.
Ferrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand's aura of exclusivity. Chairman Luca Montezemolo says that means sales will decline overall by "more than 1 or 2 percent" from last year's sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year.
In another blow to the nation's dwindling labor unions, an appeals court struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The U.S. Court of Appeals for the District of Columbia Circuit said the NLRB violated employers' free speech rights in in trying to force them to display the posters or face charges of committing an unfair labor practice.
General Motors Co. confirms that it's building a new Cadillac factory in China. GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year. The auto maker recently received regulatory approval for the new plant.
Almost a month into their review of the deadly blast at a Texas fertilizer plant, investigators are hoping to draw a picture from the air of how the plant looked before the explosion and compare it to the 93-foot-wide crater that's there now.
Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp., the top shareholder in Subaru with a 16.5 percent stake.
A job training initiative is being offered in the Detroit area to help military veterans with engineering and manufacturing backgrounds transition to the civilian workforce. Siemens Corp. says the program was launched by Siemens' product lifecycle management software business in 22 cities across the country.
Word on the street is that substantial portions of previously offshored manufacturing operations are due to return to the United States. A number of macroeconomic factors seem to have tipped the balance in favor of domestic manufacturing.
Economic activity in the manufacturing sector expanded in April for the fifth consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The PMI number indicated expansion in manufacturing for the fifth consecutive month, but at the lowest rate of the year. Although U.S. manufacturing continued to slow in April, underlying metrics show there is more good news than there is cause for concern.
U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth. The Labor Department said Tuesday that job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.
Intel workers secretly taped a "Kick Me" sign to the back of a co-worker as a prank, then kicked the confused man a number of times as employees at the Rio Rancho Intel plant laughed hysterically at the episode, according to a federal lawsuit.
General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire. Vehicles from the 2012 and 2013 model years equipped with GM's eAssist hybrid system are affected. Vehicles built after December 2012 are not part of the recall.
Seventy-nine gallons of "very slightly radioactive water" from a leaky tank at Entergy Corp.'s troubled Palisades Nuclear Power Plant spilled into Lake Michigan, a Nuclear Regulatory Commission spokeswoman said Monday. There is no risk to human health because the radioactive material was further diluted when it entered a storage basin before flowing into the lake, NRC spokeswoman Viktoria Mitlyng told The Associated Press.
Solar companies took a hit Tuesday after First Solar fell short of Wall Street expectations for the first quarter and announced job cuts in North America. First Solar, which had offered a very rosy outlook just last month, led the way down, declining nearly 10 percent after hitting new highs for the year on Monday before it released earnings.
A New York community group that raised $1.3M in a six-week online fundraising effort has purchased a laboratory once used by visionary scientist Nikola Tesla. "We're feeling very excited and gratified that we've reached this milestone," said Jane Alcorn, president of the Tesla Science Center at Wardenclyffe, on New York's Long Island. Her group announced last week that it had finalized the purchase of the Tesla lab and property for $850K.
BMW's South Carolina factory goes green, by producing more than 40 percent of its energy on site, and gaining recognition from the Environmental Protection Agency. BMW's changes make more money and increase efficiency at the facility. NBC's Chris Clackum reports.
A store of ammonium nitrate is what exploded April 17 at a Central Texas plant, killing 14 people, injuring hundreds and devastating an adjoining town. The finding was expected, and officials had said they were focusing their investigation on the explosive chemical used in many fertilizers, said Rachel Moreno, spokeswoman for the Texas State Fire Marshal's Office.