WASHINGTON (AP) — American producers sold fewer industrial engines, electric generators and farm products to the rest of the world in June, pushing the trade deficit to the highest level since 2008 and dealing another blow to an already struggling economy. The deficit rose 4.4 percent to $53.
Stuttgart/London – Daimler AG and Rolls-Royce Group plc have acquired additional shares in Tognum AG equivalent to 0.83 percent of its equity. Upon completion of the public tender offer, the two companies will have acquired at least 95 percent of Tognum’s shares through their joint venture, Engine Holding GmbH.
STAMFORD, Conn. (AP) — Speaker and headphone maker Harman International Industries Inc. said Wednesday its fiscal fourth-quarter profit fell to a fraction of what it was a year ago on tough comparisons to a prior-year period boosted by a $115.4 million profit from discontinued operations.
ABERDEEN, Wash. (AP) — Little more than a low hum sounds from the tangle of steel pipes in the production area of the Imperium Grays Harbor biodiesel facility in Aberdeen, but the plant is churning around the clock. Workers in bright safety vests hustled to direct trucks during a recent visit.
BRISTOL, Tenn. (AP) — Pharmaceutical company Pfizer Global Supply is ending manufacturing and logistics operations at its Bristol, Tenn., facility, but the plant will continue its commercial and support operations. Pfizer is looking to consolidate plants after purchasing Bristol-based King Pharmaceuticals.
WASHINGTON (AP) — Employers posted more job openings in June and layoffs fell, a sign that hiring could improve a bit in the coming months. The number of available jobs rose to 3.1 million, up from 3 million in May, the Labor Department said Wednesday. It was the highest total since March.
TEWKSBURY, Mass. (AP) — Defense contractor Raytheon Co. said Wednesday it received a $32.2 million contract from the U.S. Navy to design and develop a GPS-based system that coordinates a variety of systems on Navy ships. The program will support real-time positioning, navigation, and timing data services, including weapons, combat systems, and other command, control, communications and intelligence systems, Raytheon said.
SINGAPORE (AP) — Singapore Airlines Ltd. says it has ordered eight Boeing jets for $2.3 billion to help bolster expansion plans. The carrier said in a statement Wednesday that the eight Boeing 777-300ERs are scheduled to be delivered in its 2013-2014 financial year and will be operated on medium- and long-haul routes.
GROTON, Conn. (AP) — The U.S. Navy's primary contractor for submarines says it will lay off 65 workers in October. Spokesman Robert Hamilton said Tuesday the Groton (GRAH'-tun), Conn.-based Electric Boat company regularly reviews its workforce requirements. He says it informed workers Monday.
WASHINGTON (AP) — Wholesale companies added more autos, machinery and computers to their stockpiles in June, pushing inventories up for the 18th consecutive month. Sales at the wholesale level rose 0.6 percent in June, the Commerce department said Wednesday. That followed a 0.3 percent drop in May.
BEIJING (AP) — China's auto sales rose 6.7 percent in July but growth was well below the double-digit surge of the past two years, an industry group said Wednesday. Some 1.01 million passenger cars were bought in July in the world's biggest auto market by vehicle sales, according to the government-authorized China Association of Automobile Manufacturers.
BEIJING (AP) — China's first aircraft carrier swept through fog-shrouded waters Wednesday to open sea trials that underscore concerns about the country's growing military strength and its increasingly assertive claims over disputed territory. The mission by the refurbished former Soviet carrier marks a first step in readying the craft for full deployment.
DETROIT (AP) — The top executive at General Motors Co. is having doubts about whether U.S. auto sales will recover this year as expected, even as the stock market rebounded a bit Tuesday from its huge losses. Speaking to industry analysts about GM's long-term financial plans Tuesday, GM Chairman and CEO Dan Akerson said the company is sticking with its U.
NEWARK, N.J. (AP) — Federal authorities in New Jersey have charged a citizen of the Netherlands with conspiring to ship aircraft parts and other items from the United States to Iran in violation of U.S. law. Fifty-year-old Ulrich Davis was arrested Saturday at Newark Liberty International Airport.
WALTHAM, Mass. (AP) — Scientific instrument maker Thermo Fisher Scientific Inc. said Tuesday that it will offer senior notes to help fund its $3.5 billion acquisition of the privately held Swedish company Phadia, which makes blood test systems for allergy and auto-immune diseases. Thermo Fisher, based in Waltham, Mass.
ST. LOUIS (AP) — Ralcorp, which announced it would buy Sara Lee's North American refrigerated dough business Tuesday, said its third-quarter net income fell 47 percent because of an impairment charge and higher expenses. The company earned $28.3 million or 50 cents per share, in the quarter.
NEW YORK (AP) — Apple has surpassed Exxon Mobil as the most valuable company in the U.S. Apple Inc.'s stock gained 3.4 percent to $365.10 Tuesday afternoon, bringing the iPhone and iPad maker's market capitalization to about $338 billion. Exxon Mobil Corp. shares, meanwhile, were trading at $69.
NATCHEZ, Miss. (AP) — An Ohio-based company says it's taking over a south Mississippi plant that makes storage tanks and other large steel products, and it's adding 75 jobs to the existing work force. Enerfab Inc., based in Cincinnati, is moving into the plant in Natchez that had been run by Dynasteel.
DETROIT (AP) — General Motors plans to be leaner in the future by cutting in half the number of car and truck frames its uses worldwide. The company also says it will increase factory capacity 45 percent in Brazil, Russia, India and China by 2014 to take advantage of growth. GM made the statements Tuesday in slide presentations for its annual global business conference for industry analysts.
TOKYO, Aug. 9 (Kyodo) — Mitsubishi Motors Corp. said Tuesday it has launched production of a new model of its Pajero Sport vehicle in Bangladesh to strengthen its lineup in the local market. Mitsubishi Motors said it aims to sell about 500 units per year of the sport utility vehicle, which is manufactured at its business partner Pragoti Industries Ltd.