DETROIT (AP) — The company that got stuck with General Motors Co.'s debts and bad assets will begin selling stock and warrants in the new GM, according to a regulatory filing Tuesday. Motors Liquidation Co. said in the filing with the Securities and Exchange Commission that the stock and warrants being sold starting Tuesday are worth a total of $5.
TOKYO (AP) — Ford sees a big chance to snatch buyers away from Japanese automakers battling production delays caused by the March earthquake and tsunami, and vehicles in the works could help deliver it growth in a long-difficult market. "The opportunities for Ford in Japan have never been greater," Ford Japan Chief Executive Tim Tucker said Tuesday of the products planned for Japan.
SEOUL, South Korea (AP) — Police in South Korea are breaking up a strike at an auto parts manufacturer that has caused production disruptions for the country's automakers. Police official Seo Jung-pil said Tuesday that about 1,000 police raided a Yoosung Enterprise Co. factory in Asan, south of Seoul, where some 500 workers had been on strike since May 18.
MACOMB TOWNSHIP, Michigan (AP) — Chrysler CEO Sergio Marchionne said Monday that his company will save $300 million in interest a year when it repays $7.5 billion in U.S. and Canadian government loans on Tuesday. Chrysler plans to announce the repayment at a Detroit-area auto assembly plant on Tuesday afternoon.
LONDON (AP) — British lawmakers said Monday they still have "significant concerns" about the takeover of chocolate maker Cadbury by Kraft Foods Inc. — more than a year after the controversial deal. The Business, Innovation and Skills Select Committee also strongly criticized Kraft's chief executive Irene Rosenfeld for refusing to appear before parliamentary hearings into the takeover.
INDIANAPOLIS (AP) — Two entrepreneurs who relaunched a chocolate-flavored drink called Choc-Ola are hoping baby boomers' taste for nostalgia and consumers' love of anything with chocolate helps make the revived beverage a success. Choc-Ola — a concoction of water, sugar, low-fat milk, cocoa and a handful of other ingredients — debuted in the 1940s and was pitched to a generation of fans in the 1970s by "Cowboy Bob" on Indianapolis television station WTTV-4's children's program.
NEW YORK (AP) — Campbell Soup Co. said Monday that its U.S. soup sales fell in its third quarter as it ditched the heavy discounts and found consumers stocked up less. But its overall results beat expectations as its baked goods and snacks which include Pepperidge Farm products, Goldfish crackers and Milano cookies sold well.
CGW-Camel Grinding Wheels (Niles, IL) has introduced a line of diamond wheels engineered for demanding metal applications, with a high concentration of diamond grip, a solid steel body, and an advanced brazing process. The longer-lasting life spans allow for increased production times and lower cost ratios.
The AlumiSeal brush-on methacrylate compound, from IMPCO Inc. (East Providence, RI), is formulated for sealing porosity in aluminum parts and welds that will contain liquids or gases under pressure. The low dynamic viscosity enables it to wick deeply into pores and between close-fitting non-ferrous metal surfaces.
Lenze Americas (Uxbridge, MA) has recently launched the Lenze 8400 Inverter Series, which features L-Force automation technology for tailored motion control solutions that deliver stable and dynamic performance in material handling operations. In addition, the series incorporates intelligent features, including memory modules, online diagnostics, and optional integrated safety systems.
Omega Engineering, Inc. (Stamford, CT) has announced the UWRH-2-NEMA wireless relative humidity transmitter that features a standalone, compact, and battery-powered NEMA design. According to the company, it can transmit measurements to a host receiver up to 400 feet away, and includes free software to convert a TC into a multi-channel chart recorder or data logger.
RALEIGH, N.C. (AP) — Electronic Recyclers International announced plans Monday to open a regional operations center at Alcoa's former smelting plant in Badin, eventually providing jobs for 200 or more employees. ERI is the first new tenant signed at the vacated 700,000-square-foot Badin Business Park, a building formerly used by Alcoa Inc.
PLAQUEMINE, La. (AP) — Officials with Shintech Louisiana have identified two workers who died after they were overcome by chemical fumes at the Shintech facility south of Plaquemine. Plant Manager David Wise said in a news release that Tommy Rivet, a Shintech employee, and Tory Sanchez, a contract worker employed by Performance Contractors, Inc.
DETROIT (AP) — An independent panel set up to review Toyota Motor Corp.'s safety and quality issues says the company doesn't do a good job of incorporating customer feedback into its car designs. The panel says Toyota should appoint executives who are responsible for safety and should give more power to regional executives outside Japan.
Here's the amazing story behind jet engine designer and manufacturer Pratt & Whitney's 20-year effort to create one engineering position for one employee hire. Meet that employee. If you’re having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
Headquartered in Walnut Creek, California, Basic American Foods (BAF) is an innovator and leader in convenience and refrigerated foods. With several patents to its credit, BAF is an acknowledged leader in research and development, earning universal respect for innovation, quality, and customer service.
Supplying hamburger buns for the fast food giant McDonalds, the Turano Bakery facility in Orlando, FL must run an exceptional operation in order to bake a quality and consistent product that billions have come to expect. For nearly half a century, the Turano family has followed European traditions to bake the freshest, highest quality artisan-style breads such as Ciabatta, Focaccia, Hearth-baked Peasant breads, and a variety of rolls.
YORKTOWN, New York (AP) — Some fellow in his pajamas, home sick with bronchitis and complaining online about it, could soon be contributing to a digital collection of medical information designed to help speed diagnoses and treatments. A doctor who is helping to prepare IBM's Watson computer system for work as a medical tool says such blog entries may be included in Watson's database.
DETROIT (AP) — Harley-Davidson Inc. dealerships are reporting strong sales in the second quarter, a promising sign that the motorcycle maker's turnaround is taking hold as the slow economic recovery continues, an R.W. Baird & Co. analyst wrote on Monday. Baird analysts contacted 54 of 650 U.
WASHINGTON (AP) — Workers who don't trust the boss to keep track of their wages can now do it themselves with a new smartphone application from the Department of Labor. But employers worry that the time sheet app, along with other new initiatives, could encourage even more wage and hour lawsuits.