WASHINGTON (AP) — General Motors Co., not the government, will determine when the automaker will conduct a public stock offering at the heart of the company's revival, the Obama administration said Thursday. The Treasury Department said in a statement that it expects to sell some of its 61 percent stake in GM when the automaker goes public.
ROCHESTER, N.Y. (AP) — Seven mechanics at Xerox Corp.'s manufacturing hub in upstate New York and three owners of a forklift company were charged Thursday with bilking the printer and copier maker out of an estimated $4.1 million. Over five years, four current and three former employees who maintained Xerox's forklift fleet in suburban Rochester ordered forklift parts from Clarkson Auto Electric Co.
NEW YORK (AP) — One sign of better economic times is when more people start finding jobs. Another is when they feel confident enough to quit them. More people in the United States have quit their jobs in the past three months than were laid off — a sharp reversal after 15 straight months in which layoffs exceeded voluntary departures.
MEMPHIS, Tenn. (AP) — The Elvis Presley estate has signed a deal for Hasbro Inc. and PPW Toys to release an Elvis version of Mr. Potato Head. Kevin Kern, a spokesman for Presley's Graceland estate, told The Commercial Appeal the new toy is one of 15,000 Elvis-licensed products and is one the company is excited about.
by Jim Abrams, Associated Press Writer WASHINGTON (AP) — The White House raised the stakes Tuesday on the Senate's first major climate change vote of the year, threatening a presidential veto of a Republican-led effort to stop the Environmental Protection Agency from carrying out regulations to control greenhouse gases.
WASHINGTON (AP) — A field worker has unwashed hands. An animal squeezes through a small tear in a fence. Manure from a nearby hog farm trickles into an irrigation system. Small mistakes like these are often difficult to identify as the sources of food-borne illnesses, a situation that has frustrated health authorities for years.
LUBBOCK, Texas (AP) — An explosion in the Texas Panhandle that killed two men was the second deadly blast in the state in two days involving workers who have accidentally hit natural gas lines. The blast Tuesday involved a crew that was removing caliche — commonly used in cement — from a pit for a dirt-contracting company, Lipscomb County Sheriff James Robertson said in a news release.
WARRENVILLE, Ill. (AP) — Navistar International posted a surprise profit for the second quarter Wednesday on strong sales of trucks and a new structure that lowered material costs and shifted plant operations. Navistar more than doubled its net income, even as revenue dipped. "Our expectations are to be profitable across the business cycle," Chairman and CEO Daniel C.
MORRIS, Minn. (AP) — The winds sweeping across the Northern Plains could soon help farmers fertilize their crops of corn, wheat and sorghum. Minnesota researchers have designed a $3.75 million carbon-free system that uses wind power from a towering turbine to produce anhydrous ammonia, a common nitrogen-based fertilizer.
by Jeannine Aversa, AP Economics Writer WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession. "My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said.
SHANGHAI (AP) — Honda Motor Co. said Tuesday it was assessing the impact of a walkout by some workers at one of its parts suppliers in China, just days after resolving a strike that froze car production at four factories. The strike by some workers at Foshan Fengfu Autoparts Co. in Foshan, a city in southern China's Guangdong province, began Monday morning, said company spokesman Keitaro Yamamoto.
HONG KONG (AP) — Protesters picketed Foxconn's annual general meeting in Hong Kong on Tuesday, accusing both the Apple Inc. supplier and computer giant of poor corporate ethics after a spate of suicides at Foxconn factories in mainland China. The 30 demonstrators held signs saying, "Workers are not machines.
MIDDLEBURY, Ind. (AP) — A northern Indiana cargo trailer maker says it may close its plant in the city of Middlebury — a move that would cost 150 workers their jobs. Illinois-based Pace American Inc. notified the state of the possible closing late last week, saying it is in the process of selling its business operations and assets.
FREMONT, Calif. (AP) — U.S. Labor Secretary Hilda Solis said Monday that the federal government will provide $19 million in emergency grants to help thousands of workers who lost their jobs when California's only auto plant closed. Solis said the money would be used to retrain workers at New United Motor Manufacturing Inc.
WASHINGTON (AP) — Manufacturing job gains in the Midwest helped lower the nation's economic stress in April to its lowest point in five months, according to The Associated Press' monthly analysis of conditions around the country. Contributing to the improvement were lower foreclosure rates in two states with beaten-down housing markets: California and Florida.
MUMBAI, India (AP) — Police arrested some 200 workers occupying a Hyundai Motor plant as a strike stopped the automaker's Indian production for a second day, the latest in a series of union battles that have pushed the nation's No. 2 carmaker to move some production to Turkey. Hyundai spokesman Rajiv Mitra said police removed the workers from the factory shortly after midday Tuesday and arrested about 200.
DETROIT (AP) — Federal regulators say Chrysler is recalling nearly 600,000 Jeep Wranglers and Chrysler and Dodge minivans for brake or wiring problems. The National Highway Traffic Safety Administration said on its website Monday that Chrysler is recalling 288,968 Jeep Wranglers from the 2006 through 2010 model years due to a potential brake fluid leak.
CANTON, Miss. (AP) — Automobile plants make a lot of noise with welding, stamping and paint machines. But at the Madison County Nissan plant, the new sound is the joyful kind. The plant's three-month old gospel choir has performed for company executives, state officials and the local community.
ATLANTA (AP) — The Coca-Cola Co. will pay $715 million to Dr Pepper Snapple Group Inc. for the rights to distribute Dr Pepper and Canada Dry in the U.S. after Coke acquires its largest bottler. Coca-Cola also will distribute Canada Dry, C' Plus and Schweppes in Canada. Those drinks have been distributed by bottler Coca-Cola Enterprises Inc.
SHREVEPORT, La. (AP) — Charlotte and Walt Kowalcyk were going to retire from the local General Motors plant in 2013. He would've had nearly 45 years of service under his belt, while she would have logged 21 years. It would have given them financial security for the rest of their days. Now the Kowalcyks go to work every day under a cloud of uncertainty.