The former CEO of a failed artificial sweetener facility waived a preliminary hearing Thursday at which Missouri prosecutors were to have laid out evidence of theft and fraud charges against him, but he will be back in court next week to face a formal arraignment.
Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm says it will lay off 300 workers in its IT sector and transfer "some activities and up to 820 employees to strategic partners," India-based HCL Technologies and TATA Consultancy Services, which have operations in Finland.
Pratt & Whitney is marking the final delivery of a military jet engine in what an executive calls a bittersweet event. The subsidiary of United Technologies Corp. and representatives of the Air Force, Lockheed Martin and Boeing will mark the delivery Thursday of the 507th and last F-119 engine for the Air Force's F-22 Raptor at Pratt & Whitney's plant in Middletown.
The Federal Aviation Administration has ordered all Boeing 787s in the United States to be grounded for safety inspections. CBS News travel editor Peter Greenberg talks to Charlie Rose and Norah O'Donnell about what that means for Boeing and for passengers.
"Manufacturing automation" may not have a fun ring to it, but the 60 Minutes team spoke of nothing but fun after reporting "March of the Machines" for the broadcast this week. The story, reported by Steve Kroft, is about the new generation of robots marching out of the realm of science fiction and into mainstream manufacturing, medicine, and other industries.
This video shows a quick look at a futuristic police car from the show floor at CES 2013. This car packs a massive in-dash touchscreen connected to an in-trunk PC. It also features solar panels and a redesigned backseat. For more information visit www.youtube.com/unboxtherapy.
Chevrolet introduced its latest Corvette, which has been called "the car of the show," at the North American International Auto Show. Reuters' Paul Ingrassia breaks down the highlights of the new model and delves into the legendary sports car's rich history.
The North American International Auto Show is up and running in Detroit. Consumer Reports Cars managing editor Jonathan Linkov discusses this year's most exciting vehicles with the "CBS This Morning" co-hosts. A "green" Cadillac, an affordable Nissan Versa, and "the car of the show" - the Corvette Stingray - top the list.
Boeing's troubles with its newest airplane got worse on Wednesday after an emergency landing prompted Japan's two biggest airlines to ground all their 787s for safety checks. It was the second fire-related incident in two weeks involving the 787's lithium-ion batteries.
U.S. factory production rose in December for the second straight month, buoyed by more output of autos, electronics and business equipment. The Federal Reserve said Wednesday that factory output increased 0.8 percent last month compared with November. That followed a 1.3 percent rise in November, which partly reflected a rebound from Superstorm Sandy.
Transportation of the two-wheeled variety is sharing the floor at the Detroit auto show with the latest cars, trucks and concept vehicles, a nod to the potential marketing boost that bikes may offer for automakers. Some, such as those at Subaru's display, are shown as accessories on vehicles including the Outback wagon that are aimed at outdoor enthusiasts.
It is too soon to say how many, if any, jobs will be lost due to a shift in production of the new Camaro in 2015 from Oshawa, Ont., to a factory in Michigan, General Motors Canada president Kevin Williams said Tuesday. Williams, speaking in an interview from the floor of the Detroit Auto Show, suggested, for example, that an increase in sales of other cars being assembled in Oshawa could take up some the slack.
General Motors expects only a modest increase in pretax profits this year as it rolls out multiple new cars and trucks worldwide. The company also thinks global auto sales will grow modestly this year, driven by the U.S. and China, while European car sales fall.
Japan's Mitsubishi is investing €576 million ($770 million) in developing German offshore wind farms. Netherlands-based grid operator Tennet said Wednesday that Mitsubishi will take a 49 percent stake in the €2.9 billion high-voltage cables linking four offshore farms to the German grid.
Detroit is firing on all cylinders. Breakingviews' Antony Currie says Detroit automakers will benefit from new luxury cars, higher truck sales, and a rebounding economy. That should boost stock of major U.S. automakers, including Ford and GM.
Headlights, grilles and other doodads are stepping up and popping out on cars: from daytime running lights that go up the hood of the new Cadillac ATS, to a wide, bold grille on the Ford Fusion, to engraving within the lamps of the new Corvette and Ford Transit. They are inexpensive but distinctive, providing automotive eye candy that can even boost gas mileage or improve safety.
Japan's two biggest airlines grounded all their Boeing 787 aircraft for safety checks Wednesday after one was forced to make an emergency landing in the latest blow for the new jet. All Nippon Airways said a cockpit message showed battery problems and a burning smell was detected in the cockpit and the cabin, forcing the 787 on a domestic flight to land at Takamatsu airport in western Japan.
Federal regulators said Tuesday they were working with the Occupational Safety and Health Administration to decide who has jurisdiction over a fatal accident involving a gas-drilling rig at a coal mine prep plant. An unidentified worker died Monday night when the rig overturned and crushed him at CONSOL Energy's Loveridge Mine preparation plant in Fairview, W.VA., said Mine Safety and Health Administration spokesman Jesse Lawder.
Hundreds of Peugeot Citroen workers occupied a French factory scheduled to be sold off, largely shutting down production in a protest against planned layoffs at the struggling automaker. The Aulnay plant near Paris has been at the center of a battle over the future of France's largest automaker.
Officials at Caterpillar Inc. are seeking applicants for jobs at the company's new plant being constructed in northeast Georgia. The openings represent the latest milestone in the company's development of a one-million-square-foot facility the company is constructing in the Athens area. Workers will build tractors and excavators at the plant.