SHANGHAI (AP) — Prospects for a rescue for struggling Saab Automobile remained uncertain Friday as several Chinese automakers brushed off reports they were in talks with the Swedish car company after an earlier financing deal fell through. News that a $233 million (euro 150 million) deal between Spyker Cars NV, which bought Saab from General Motors Corp.
ATLANTA (AP) — Porsche Cars North America said Thursday it plans to consolidate several of its U.S. operations at a new $100 million complex being planned in the Atlanta area, where it already has headquarters. The German luxury automaker said the complex, to be built near the new International Terminal at Hartsfield-Jackson Atlanta International Airport, will include a road course allowing potential customers to take luxury cars for a spin.
NEW HAMPTON, N.Y. (AP) — Federal food safety authorities say chives distributed in nine states by an upstate New York company are being recalled because of possible Listeria contamination. The Food and Drug Administration says the chives from Goodness Gardens Inc. of New Hampton were sold primarily through retailers in New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Maryland, Alabama, Illinois and Virginia.
WASHINGTON (AP) — Businesses added to their stockpiles for a 15th straight month in March while their sales rose for a ninth consecutive month, suggesting factory production will remain strong in coming months. The Commerce Department reported Thursday that businesses increased inventories 1 percent in March while sales rose an even larger 2.
MOUNT VERNON, Ill. (AP) — The maker of Continental and General brand tires says it's investment of $224 million into its southern Illinois plant will mean more than 440 new jobs. Continental Tires the Americas made the announcement at its Mount Vernon factory, saying the full-time jobs will be added over the next three years.
WILMINGTON, Del. (AP) — Ford Motor Co. CEO Alan Mulally says hasn't given any thought to stepping down. Mulally's comments came in a brief meeting with reporters after Ford's annual shareholders meeting in Wilmington, Del. The 65-year-old chief executive was hired away from Boeing Co. in 2006 to rescue Ford, which at the time was struggling near the brink of bankruptcy.
STOCKHOLM (AP) — Struggling car maker Saab Automobile faced renewed uncertainty Thursday as the financing deal with China's Hawtai Motor Group fell apart, raising fresh concerns about the company's future. Spyker Cars NV, which bought Saab from General Motors Corp. in 2010, said it was "forced to terminate" the $223 million (euro150 million) agreement with Hawtai since the Chinese company was not able to obtain all the necessary consents, including approvals from different shareholders.
Joining Technologies, Inc. (East Granby, CT) has announced plans to add new features and functionality to its Infinite Web all-in-one coil joiner. The system incorporates laser cutting and welding with a single head, and new features enable the splicing of Titanium coils, as well as splicing on a 15° bias as an alternative to forming perpendicular joints.
VAC-U-MAX (Belleville, NJ) is introducing a streamlined website design that allows buyers of industrial vacuum cleaners to research the best vacuum for their application by category and industry. Some of the major applications include fine powders, liquid recovery, and flammable liquid recovery.
Binder-USA (Camarillo, CA) has announced the addition of a knurled- and hex-threaded locking ring nut to the M12 Series 763 and 766 overmolded connectors. This new feature allows the connectors to be tightened with a torque wrench to ensure proper mating in industrial network and sensor applications.
The Model 235 Vibration Meter from Balmac (Plain City, OH) give users the means to quickly and easily do rotating machinery vibration measurements. The user can select the unit by pressing the Acceleration, Velocity, or Displacement buttons, while its automatic ranging capability scales the meter for the most accurate measurement.
In college there were classes I deemed important to my life and others that were mere requirements forced upon me. At the time I resented having to study things that didn't fit into my master plan; today I recognize that the most important lesson I ever learned came from classes I would never have selected.
In the last couple years, the American economic outlook has been bleak. Industries of all shapes and sizes have faced enormous challenges as they’ve struggled to adapt to the current fiscal climate. And nobody would disagree that one of the industries hit hardest – both by the downturn and by ever-growing competition from overseas companies - was manufacturing.
Rhode Island-based Advanced Chemical Company recycles gold and other precious metals from industrial production through a variety of sophisticated reactions. Based on the almost continuously-rising price of gold, business is booming. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
WASHINGTON (AP) — U.S. companies in March sold the most goods and services overseas in nearly two decades. But a big jump in oil prices pushed the nation's trade deficit higher. The trade deficit rose 6 percent to $48.2 billion, the Commerce Department said Wednesday. That's the highest level since June 2010.
DETROIT (AP) — Toyota Motor Corp. says North American production will rise to 70 percent of normal in June as the company begins to recover from parts shortages caused by the earthquake in Japan. The company cut production to about 30 percent of normal in May by idling factories for several days or reducing their hours.
WASHINGTON (AP) — Companies in March advertised the most jobs since the peak of the 2008 financial crisis, a sign that hiring is likely to remain healthy in the months ahead. Job openings rose by 99,000 to 3.1 million in March, the Labor Department said Wednesday. That's the highest level of openings since September 2008 and the second straight monthly increase.
GREENVILLE, S.C. (AP) — The California-based organic frozen food producer Amy's Kitchen is coming to South Carolina with $63 million for a new plant and 700 jobs over six years, officials announced Wednesday. Gov. Nikki Haley hailed the development as a major economic win for the region and the state as a whole.
RICHMOND, Virginia (AP) — The head of cigarette maker Philip Morris International Inc. told a cancer nurse Wednesday that while cigarettes are harmful and addictive, it is not that hard to quit smoking. CEO Louis C. Camilleri 's statement was in response to comments at its annual shareholder meeting in New York, in which the seller of Marlboro and other brands overseas spent most of the gathering sparring with members of anti-tobacco and other corporate accountability groups targeting its marketing and regulatory dealings.
TRENTON, N.J. (AP) — Johnson & Johnson is again recalling a prescription drug because of an odd musty odor likely caused by a chemical on shipping pallets. J&J said Wednesday that it's recalling five lots of its HIV medicine Prezista at the wholesale and pharmacy level in five foreign countries: Austria, Canada, Germany, Ireland and the United Kingdom.