WASHINGTON (AP) — Whistleblowers who report corporate fraud or other misconduct to the government could receive sizable cash awards under new rules adopted Wednesday by federal regulators. Tipsters would be eligible if they give the Securities and Exchange Commission information that leads to an enforcement action resulting in more than $1 million in penalties.
Thought expensive cars and multi-million dollar mansions were enough for the super-rich? That’s ridiculous. Private submarines are the new rage, and cost a pretty $80 million. For that price, you’re looking at jacuzzis, world-class kitchens, and gyms, all from the comfort of below the sea.
Rolls-Royce CEO Torsten Mueller-Oetvoes shares his secrets of success and his biggest mistakes. In 2009, in the midst of the global recession, the company's sales plummeted by 17 percent. However, Rolls-Royce quickly rebounded to post a record year in 2010. What's behind the success of one of the world's most renowned luxury automakers? If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
One way of dealing with the current skilled worker shortage would be hiring more young people, but that, of course, comes with its own set of unique challenges. The so-called “millenials,” people born after 1992, are extraordinarily good at multi-tasking and dealing with computers, but are quicker to jump ship, and don’t view work as the most important part of their life.
Boeing has been hard at work revamping their aerospace offerings with new models and better technology, but travelers have long complained about the interiors. Fortunately, the company is developing its new “Sky” interior, which will become standard in new 737s. While the fuselage is the same size, the company uses a number of visual tricks to make the interior seem larger and more comforting.
YouTube user FPSRussia is well-known for shooting off a wide range of dangerous and unique weapons, but this one probably takes the cake. The Russian accent-sporting firearms enthusiast takes on a WW2-era 40mm machine gun, which fires rounds about the same length as a man's forearm. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
NEW YORK (AP) — People are paying more to fuel up these days — on coffee. Coffee price increases have outpaced even the hike in gasoline prices the past year. A one-pound can of ground coffee sold for $5.10 in April, up 40 percent from $3.64 the year before, according to the Department of Labor.
WASHINGTON (AP) — U.S. businesses cut back on their orders for heavy machinery, computers, autos and airplanes in April, reducing demand for long-lasting manufactured goods by the largest amount in six months. Orders for durable goods fell 3.8 percent and a key category that serves as a proxy for business investment was down 2.
SANTA ANA, California (AP) — Attorneys from toy maker MGA Entertainment Inc. will try to persuade a federal judge Wednesday to award the company $177 million in punitive damages and more than $162 million in attorney fees and other costs after a jury found rival Mattel Inc. liable for misappropriation of trade secret in a closely watched trial.
WASHINGTON (AP) — For nearly a decade, Colt Defense went without a lobbyist. The legendary gun maker based in West Hartford, Conn., had an exclusive deal to provide combat rifles to the U.S. military and didn't need a hired gun looking out for the company's interests in Washington. Times have changed.
BEIJING (AP) — Beijing urged Foxconn Technology Group and other Taiwanese companies on Wednesday to ensure safety in their mainland China factories after a fatal blast at a facility that makes Apple iPads. Last Friday's explosion at the facility owned by Foxconn, Apple's main manufacturing contractor, killed three employees.
DETROIT (AP) — General Motors says it will add 2,500 jobs at a Detroit-area plant that now makes the Chevrolet Volt electric car. The company plans to invest $69 million in the Detroit-Hamtramck factory and add two shifts of workers so theplant can make the new Chevrolet Malibu midsize car and the Impala large sedan.
Slippery floors are one of the major hazards at loading docks. According to the Bureau of Labor Statistics, slips and falls cause 15 percent of all lost-time accidents, with a disproportionately high number of these occurring at the loading dock. Considering their environment with the constant wash downs making floors wet and slick, food processing docks are particularly hazardous.
Common problems associated with the selection and use of food product extruders include lower than desirable throughput, high scrap rates, long post-extrusion cooking or drying times, excessive energy consumption, and high equipment costs. Frequently, these stem from choosing an extruder design that is ill suited for the application.
NEW YORK (AP) — A jury has found that a Minnesota airplane manufacturer was not responsible for the crash of a small plane into a Manhattan apartment building that killed New York Yankees pitcher Cory Lidle (LY'-duhl) and his flight instructor. The Manhattan jury returned its verdict Tuesday after a one-month federal trial.
WASHINGTON (AP) — In an effort boost use of electric vehicles, the Obama administration is installing charging stations for government vehicles in five cities, including Washington and Detroit. The General Services Administration plans to buy 116 plug-in electric vehicles, including 101 Chevrolet Volts, and will assign them to government agencies in five cities: Washington, Detroit, Los Angeles, San Diego and San Francisco.
WASHINGTON (AP) — The Obama administration on Tuesday hit seven foreign companies, including Venezuela' state-owned oil company and an Israeli shipping firm, with sanctions for doing business with Iran that helps fund its nuclear program. At the same time, the administration imposed separate sanctions on more than 15 people and companies in China, Iran, North Korea, Syria and elsewhere for illicit trading in missile technology and weapons of mass destruction.
TROY, Mich. (AP) — A southeastern Michigan technology association is partnering with former Chrysler CEO Tom LaSorda to help companies commercialize their ideas. LaSorda is the co-founder of a $100 million investment fund called Stage 2 Innovations that will be available to so-called second-stage companies.
DETROIT (AP) — With a few computer keystrokes in an office at its headquarters, Chrysler Group LLC sent $7.6 billion to the U.S. and Canadian governments on Tuesday, paying off most of the bailout money that saved the company from financial disaster just two years ago. The repayment — expected for weeks — is a huge step in the automaker's unlikely comeback.
CHATTANOOGA, Tenn. (AP) — Volkswagen is jumping into the U.S. auto market with a new Passat that is bigger, cheaper and built domestically in hopes of breaking into the competitive midsize sedan market. During a grand opening for their new plant in Chattanooga on Tuesday, the German automaker presented the 2012 Passat as the key to building U.