The latest threat from North Korea comes as President Kim Jung Un made good on his promise to close the Kaesong Industrial park. Kaesong is where 120 factories with North and South Korean workers are side by side. North Korea stands to lose $80 million in wages a year with Kaesong closed. CBS' Margaret Brennan reports.
A disappointing jobs report has sparked fears of a slowing recovery. Although the unemployment rate dipped slightly, that reduction was attributed to people retiring or who had stopped looking for work. PBS' Judy Woodruff reports on why the job market in March took a sharp decline from the past two months.
Bloomberg's chief Washington correspondent Peter Cook reports that Boeing has tested its fix for the 787 Dreamliner battery and is set for an FAA review of the results. Friday's test flight outside of Seattle was the final certification test, according to Boeing. Cook speaks on Bloomberg Television's "In The Loop."
Fisker Automotive, a maker of luxury plug-in cars seeking investors to fund operations, said it's firing about 80 percent of its workforce after failing to secure a deal with an automotive partner. Cory Johnson reports on Bloomberg Television's "Bloomberg West.
An innovation in Rock County could lead to about 100 new manufacturing jobs. Monterey Mills in Janesville is rolling out a new product, and it has 14 patents protecting its new collapsible paint roller. The new product won a prestigious award from the American Brush Manufacturers Association and is being hailed as the greatest innovation in the industry since 1946, when the paint roller was invented.
Google Glass, the search engine giant's latest venture into the hardware market, has been rumored to be manufactured inside the U.S. The Financial Times claims Taiwanese manufacturer Foxconn will make the first run of Google Glass in Santa Clara, but when Mayor Jamie Matthews reached out to both companies, he got no response.
Elon Musk, the founder of the electric car company Tesla, says he has a deal you can't turn down. CBS News' John Blackstone reports on how this CEO is putting more than his reputation on the line. Musk hopes to be able to convince people to buy a car that has to be plugged in.
Many Silicon Valley companies say extraordinary campuses are a necessity, to recruit and retain top talent. But some critics say the perks are a colossal waste of money, and only intended to encourage employees to put in too many hours.
Manufacturing makes America strong. It makes families and communities strong. It provides national security. It gives us energy security. And for the 12 million men and women who work in manufacturing, it gives us pride. Caterpillar, Inc. CEO & NAM Board Chairman Doug Oberhelman tells the story of manufacturing in America and the history of the National Association of Manufacturers.
At the New York Auto Show, General Motor's Chevrolet division unveiled two new performance models. The Camero Z28 is a stripped-down track car for the extreme enthusiast while the Chevy SS is a more refined sedan for the everyday driver.
Warren Young, chief executive officer of Acme Industries, and Jim Nelson, vice president of the Illinois Manufacturers Association, discuss the outlook for the manufacturing workforce as well as programs designed to close the workforce skills gap. In this series, subject matter specialists discuss best practices of thriving and growing companies identified in the McGladrey Manufacturing & Distribution Monitor Report.
The auto market is up, the worldwide economic recovery continues, and auto manufacturers seem to be doing well. Nissan CEO Carlos Ghosn says there is "much more excitement" thanks to profits in the auto industry despite the bad economy in Europe.
3D printing is a very hot sector, but is there a way for investors to play this trend? Turns out, there is. Recent IPO ExOne reported sales that topped forecasts, lifting shares of it and rivals 3D Systems and Stratsys. But this is still a new and risky market.
Two pilots are preparing to fly across the U.S., powered only by the sun. CBS News' John Blackstone talks to the team looking to make aviation history. The plane's wings are as wide as a 747 and can fly day and night without a drop of fuel.
Mercedes' new B-class Electric Drive is powered by Tesla Motors' technology and has an electric range of up to 115 miles per charge. The B-class is basically a Mercedes Benz, but inside the batteries, electric motors, and the charging system all come from Tesla Motors.
Century-old Morgan Motor Company makes a classic sports car with the heart of a motorcycle. The Morgan Motor company of England sells a 3-wheeled car in the United States. They have two cylinders from a V-twin motorcycle engine up front, two seats, and just one wheel in back.
Ink that conducts electricity; a window that turns from clear to opaque at the flip of a switch; a jelly that makes music. All this stuff exists, and Catarina Mota says it's time to play with it. Mota leads us on a tour of surprising and cool new materials, and suggests that the way we'll figure out what they're good for is to experiment, tinker, and have fun.
For manufacturers, competitive advantage lies in connecting equipment on the factory floor to backend systems to harness real-time data. Windows Embedded GM Barb Edson, Microsoft CTO for Manufacturing Rohit Bhargava, and ARC Advisory Group analyst Craig Resnick join GigaOM Research's Adam Lesser to discuss how intelligent systems drive operational efficiency and new business opportunities in manufacturing.
Self-driving cars are inevitable. They eliminate the most commonly defective component in cars today: people. Brian Cooley reports for CNET on the top 5 reasons for self-driving cars based on the ills they cure like drunk-driving and accidents.
Former General Motors chairman and CEO, Ed Whitacre, says that he found the company in a "general state of confusion" as it was about to emerge from bankruptcy. Whitacre also says morale was low when he assumed the top job at General Motors and that the government's bailout avoided a catastrophe.