SpaceX has raised $1 billion from Google and Fidelity in a deal that values the spaceship manufacturer at about $10 billion.
Manufacturers have long made the case for Trade Promotion Authority (TPA) and applaud the President’s call for swift action on TPA, which will enable manufacturers of all sizes to better access an $11 trillion global market.
The continued decline in the prices of crude oil is wreaking havoc in the oilfield services sector, where three industry giants have announced thousands of job cuts in recent days.
A newly released survey showed top U.S. manufacturing executives were increasingly optimistic about the national economy heading into 2015 — and that many planned to increase their workforces this year.
The global economy, slowed by stagnation in Europe and Japan, is being further hampered by China's decelerating growth.
A federal trial has begun for an Omaha businessman accused of paying someone to set fire to his manufacturing plant near Fort Calhoun in eastern Nebraska.
Federal lawyers have begun making their case for adding some $13.7 billion in penalties to costs already incurred by BP after the 2010 Gulf oil spill.
Just days after announcing job cuts citing uncertainty in the global oil industry, Schlumberger Ltd. announced a deal to purchase a minority stake in one of Russia's leading energy companies.
The union that represents workers at a Pillsbury plant set for closure expects to meet next month with General Mills officials to discuss the southern Indiana plant's future.
Check out a photo of SpaceX's unsuccessful landing in IMPO's Photo of the Day.
The California eighth-grader has launched a company to develop low-cost machines to print Braille, the tactile writing system for the visually impaired. Tech giant Intel Corp. recently invested in his startup, Braigo Labs.
The team behind a Swiss-made solar-powered aircraft that is attempting to fly around the world said Tuesday the clean-energy plane will stop in India, China and the United States in a historic journey set to begin as early as next month.
In ways large and small, plummeting oil prices are now reverberating through businesses, towns, schools and family budgets, causing confusion and changing plans. With prices having fallen by nearly half in just six months, the potential impact has been sudden and wide ranging.
So far, 2015 is off to a pretty good start in terms of recalls, at least compared to last year. Last year was a spectacularly bad year in recalls.
Factory production increased at the fastest rate in four years in 2014, according to the latest monthly numbers from the Federal Reserve.
The Obama administration's new guidelines regarding relations with Cuba take effect today, potentially opening the Caribbean nation to a wide range of American products.
According to the Associated Press, Lincoln Trail College, an Illinois community college, is planning on adding a petroleum drilling technology degree program to its curriculum this fall. The new addition is designed to help prepare students for careers in hydraulic fracturing, or fracking.
Hydracision is a new lubrication product designed, manufactured, and patented by Oil-Rite Corporation. It distributes oil to many separate points – as few as 12 and as many as hundreds.
U.S. auto safety regulators are investigating engine compartment smoke or fire complaints in two Jeep Cherokees, and air bags that didn't inflate properly in two Nissan Rogues.
U.S. consumer prices fell in December by the largest amount in six years, reflecting another big monthly decline in gas prices and providing further evidence of falling inflation pressures.