NEW YORK (AP) — Stryker Corp. said Wednesday it will buy Concentric Medical Inc., which makes devices that are used to remove blood clots from the brain, for $135 million in cash. Concentric Medical is based in Mountain View, Calif. Its devices are designed to be inserted into a blood vessel and then be threaded to the brain, where they can remove a blood clot.
DETROIT (AP) — Car sales likely slowed in August because of fewer discounts, worries about the economy and Hurricane Irene, which shut East Coast dealerships during the final weekend of the month. Irene closed out a disappointing summer for automakers, which report U.S. sales on Thursday.
ROCHESTER, N.Y. (AP) — The Ohio owner of Steuben Glass, the company still making luxury lead crystal by hand in the United States, said Wednesday that it plans to end production after 108 years. Schottenstein Stores Corp. of Columbus, Ohio, which bought the business from longtime owner Corning Inc.
SHANGHAI (AP) — Apple is defending itself against a fresh barrage of criticism from Chinese environmental activists over alleged pollution by the manufacturers who make its iconic iPhones, iPads and other products. In a report issued Wednesday, a group of nongovernmental organizations accused the technology giant of violating its own corporate responsibility standards by using suppliers it said its investigations found are violating the law and endangering public health by discharging heavy metals and other toxins.
WASHINGTON (AP) — BMW of North America is recalling up to 2,120 of its X5 xDrive 35d sport utility vehicles because its fuel-filter heater could overload and possibly cause a fire. The National Highway Transportation Safety Administration says the model year 2009 vehicles were made between Oct.
STOCKHOLM (AP) — Saab owner Swedish Automobile NV says its losses widened further in the second quarter and that it still hasn't secured the funding needed to keep the ailing car brand afloat. Swedish Automobile — previously known as Spyker — on Wednesday reported a second-quarter loss of €152 million (nearly $220 million) compared with a loss of €60 million in the same period last year.
NASHVILLE, Tenn. (AP) — Tennessee Gov. Bill Haslam said a company that makes fuel systems for automotive and other manufacturers is investing $5 million in its Gallatin plant to expand and add 114 new jobs. The Tennessee Economic and Community Development Commission said in a news release Tuesday that ABC Group Fuel Systems is investing $5 million in the plant expansion, and the added jobs will be a combination of full-time production and maintenance positions.
BEREA, Ky. (AP) — Hitachi Automotive Systems Americas Inc. is opening its third plant in Kentucky. The new plant, to be located in Berea in central Kentucky, will make electric drive motors for hybrid and electric vehicles, including the Chevy Volt. The company is investing $74.5 million in the facility, which will create 130 new jobs.
TUPELO, Miss. (AP) — One of Toyota's first models sold in the United States should soon be on display at the Tupelo Automobile Museum. WTVA-TV (http://bit.ly/p7OUGu ) reports the museum is restoring a dark blue Toyopet Crown Deluxe. The Toyopet was first sold in the United States in 1958 for $2,300.
LIBERTY, S.C. (AP) — A 41-year-old man has died after falling into a machine while he was working at the Liberty Denim plant. Pickens County Coroner Kandy Kelly says the accident happened around 3:15 a.m. Wednesday. Kelly says the man's name has not been released. An autopsy will be performed.
WASHINGTON (AP) — The Justice Department filed suit Wednesday to block AT&T's $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers. The government contends that the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and that would lead to price increases.
WASHINGTON (AP) — U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders. The increase suggests supply chain disruptions created by the Japan crisis are easing. Factory orders climbed 2.
Polish scientists have industrialized the production of graphene, the revolutionary new material set to replace silicon in electronics. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department. Have any comments or questions about our video editions of IMPO? Or do you have a video you'd like to see featured in one of our deployments? Email me at Rachel.
A look at how Japan’s nuclear energy crisis has led to an increased interest in alternative energy sources. The people of Japan are now looking for new options — but for a country that has previously had such a high dependence on nuclear power, an energy shift may be easier said than done.
General Motors confirmed that it plans to build a luxury version of its Chevrolet Volt hybrid. The company said it is moving forward with the Cadillac ELR, which will run on electricity and carry a four-cylinder gasoline engine to generate power when the batteries run out of juice. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
A Russian firm has set a target of five years to open a hotel in space for tourists looking for something other than a conventional holiday. Orbital Technologies says it will build a hotel and shuttle service to compete directly with a U.S. venture attempting to develop its own service to space.
Technology normally used for organizing pit stops will map runways like they would a Formula 1 track in order to cut emissions. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department. Have any comments or questions about our video editions of IMPO? Or do you have a video you'd like to see featured in one of our deployments? Email me at Rachel.
NAGOYA, Aug. 31 (Kyodo) — Toyota Motor Corp. and other major automakers in Japan will restart their operations on Thursdays from September after having to shift them to the weekends due to power shortages triggered by the March 11 earthquake. The carmakers suspended operations on Thursdays and Fridays in July and August to avoid boosting electricity consumption during busy hours under the initiative of the Japan Automobile Manufacturers Association.
OAKES, N.D. (AP) — A plant in the southeast North Dakota city of Oakes that was slated for closure at the end of August was saved when it was bought by a locally owned company. Gov. Jack Dalrymple says Harris Machine Co. has purchased the JLG Industries plant in the community of about 1,700 people and plans to expand it.
OMAHA, Neb. (AP) — A Nebraska company is planning to spend $10 million expanding its manufacturing plant in Omaha and hire about 30 more workers. Intersystems, which makes equipment for grain elevators, processing plants and port facilities, announced its plans on Tuesday. Its products help sort grains, powders, rock and wood chips.