Amid high uncertainty over the direction of the global economy, the fourth quarter of 2012 saw a slowdown in the number of announced industrial manufacturing transactions. However, despite the reduction in M&A activity during the last quarter, 2012 proved to be a favorable year for dealmaking in the industrial manufacturing space.
For supporters of biofuels and all those who support balanced leadership of all DOE programs, it is a time of good-bye to all that and a hope that the future will be better. To set the stage: Just before Chu’s appearance, Nissan Automotive was on the schedule at the show. The topic? Dropping the price of the electric Leaf by $2,000 to $3,000 to improve sales.
I.D. Systems, Inc. (Nasdaq: IDSY), a leading provider of wireless solutions for securing, tracking and managing high-value enterprise assets, has been awarded United States patent number 8,370,268 for a wireless, fully automated, remotely controlled vehicle rental system.
Labor unions are asking a federal judge in Detroit to block part of Michigan's right-to-work law from taking effect in late March. The lawsuit filed Monday is the second to challenge the law in recent weeks. It prohibits requiring workers to pay union dues or fees as a condition of employment.
After a 30-year absence, Italy's storied Alfa Romeo brand will return to the United States later this year with a new two-seat compact sports car. Italian automaker Fiat SpA said Tuesday that the long-delayed Alfa 4C will go on sale during the second half of the year. Fiat owns Alfa and controls the Chrysler, Jeep, Dodge and Ram brands in the U.S.
Small business owners have started 2013 with low expectations for the economy and their companies. That's the finding of a survey released Tuesday by the National Federation of Independent Business. The lobbying group's Small Business Optimism Index rose 0.9 points to 88.9 in January.
Apple CEO Tim Cook is calling a shareholder lawsuit against the company a "silly sideshow," even as he said he is open to looking at the shareholder's proposals for sharing more cash with investors. Investor David Einhorn sued Apple last week, saying a proposal slated for a vote at the company's annual meeting would make it more difficult to enact his plan to reward shareholders by distributing a new class of shares.
Another major Dell shareholder is opposing the company's proposed $24.4 billion sale to a group led by its founder and CEO. Mutual fund firm T. Rowe Price came out against the deal in a statement issued Tuesday. T. Rowe Price Chairman Brian Rogers says the price of $13.65 per share undervalues Dell Inc.
Germany's Volkswagen AG says it started off the year with brisk car sales, as deliveries outside Europe — particularly in China — helped more than offset declines in its home market. Europe's largest automaker said Tuesday overall January sales were up 17.4 percent to 491,900 from 419,100 in January 2012.
More than 75 years after the Hindenburg disaster, airships could be taking off again. Worldwide Aeros' calls its new blimp the evolution of air transport as it waits for FAA approval to take its aeroscraft for a test flight outside the hangar. CBS News' Bill Whitaker explains.
A U.N. agency that sets global aviation safety standards is moving to prevent aircraft batteries like the one that caught fire on a Boeing 787 last month from being shipped as cargo on passenger planes, people familiar with the effort said.
China on Tuesday denounced U.S. sanctions against a leading state arms maker and other companies over alleged illicit dealings with North Korea, Syria and Iran. The U.S. State Department on Monday said that Poly Technologies Inc. is among companies barred from dealing with the U.S. government or purchasing U.S. military hardware for two years.
Workers fired flares and paint bombs and riot police answered with tear gas in a standoff Tuesday over layoffs at a French plant for U.S. tiremaker Goodyear, amid tensions over a slump in Europe's car industry that has hurt automakers and their suppliers.
Federal labor officials have cited a south Alabama manufacturing plant for 15 safety violations. Department of labor spokesman Michael D'Aquino says Tenax Manufacturing Alabama LLC has been cited for safety violations after an August 2012 inspection of its plant in Evergreen. The company manufactures construction netting and fencing products.
Shares of Tesla Motors took a ride Monday after a weekend article in the New York Times claimed that its electric sedan, the Model S, ran out of power during an East Coast road trip and had to be towed to a recharging station. Shares recovered somewhat after Tesla's CEO and others questioned the story.
The meteoric rise of tomato processing company SK Foods in the industry was nothing short of amazing, but it turns out the market share gains were the result of hefty bribes paid to some of the largest manufacturers in the nation. Frederick Scott Salyer will be sentenced in U.S. District Court in Sacramento after pleading guilty last year to charges he bribed purchasing managers at food giants including Kraft and Frito-Lay.
As Hostess continues its bankruptcy auction process, the company has announced the lead bidders for many of its popular brands, including Wonder Bread and Twinkies. Food Manufacturing spoke with Professor Anthony Michael Sabino about the bankruptcy auction process and what it means for both buyers and sellers.
I am not sure how to define it, but what the Italians seem to be stumbling over is a lack of global reach. Outside market understanding entails extensive effort and often requires a presence in that market, in order to identify that market’s unique needs. This does not come cheap.
Hewlett-Packard Co., the world's largest personal computer maker, is vowing to crack down on its Chinese suppliers in an effort to reduce the use of low-paid student interns and other temporary workers. The guidelines unveiled Friday are the latest attempt by a major U.S. technology company to weed out labor abuses at Chinese factories that manufacture the gadgets for an Internet-connected world.
The planned $1.1 billion steel mill in Osceola carries the promise of a long-term economic boost for northeast Arkansas, but investors — including the state — face a number of risks. Legislators must decide whether it's worth borrowing $125 million, then giving $75 million of it in grants to Big River Steel LLC.