SHANGHAI (AP) — General Motors Co. agreed Tuesday to deepen cooperation with its flagship Chinese partner on development of electric vehicle know how amid pressure from Beijing to hand over proprietary technology. Investments and other details of the plan were not provided, and it was unclear if the agreement was the result of a renewed push by China to acquire advanced technology its own automakers still lack.
BRUSSELS (AP) — U.S. computer maker IBM Corp. on Tuesday offered to make it easier for competitors to provide maintenance services for its mainframe computers, a concession to get European regulators to close an antitrust probe. The European Commission, the European Union's competition watchdog, opened two investigations into whether IBM was abusing its dominant position in the market for mainframe computers in July 2010.
WASHINGTON (AP) — Federal regulators are investigating service jacks sold with Ford Freestar and Mercury Monterey minivans because of reports that they can fail and cause the vehicle to fall. The National Highway Traffic Safety Administration says on its website that in one case, a person working under a van was killed when it fell off the jack.
WASHINGTON (AP) — Tyson Foods Inc. is paying $32 million to settle a long-running dispute over whether it should compensate poultry plant workers for time they spend putting on and taking off protective clothing. In a consent decree filed in U.S. District Court in Columbus, Ga., Tyson agreed to make payments averaging around $1,000 per worker to about 17,000 current and former employees around the country.
NEW YORK (AP) — Shares of Goodrich Corp. soared on Monday as investors weighed rumors that United Technologies Corp. may want to buy the aerospace manufacturer. Goodrich shares jumped $11.38, or 12.3 percent, to $104.27 in morning trading. The stock closed up $6.41, or 7.4 percent, at $92.
NEW YORK (AP) — Cereal maker Ralcorp Holdings Inc. again rejected a $5.17 billion takeover bid from ConAgra Foods Inc. on Monday, which will likely put an end to any hopes of a deal. Last week ConAgra, which owns brands like Chef Boyardee, Orville Redenbacher's and Healthy Choice, said it was giving Ralcorp until 5 p.
FLORENCE, S.C. (AP) — South Carolina's jobless rate has done little but increase the last few years. Still, Republican Gov. Nikki Haley found some hope Friday as Otis Elevator announced it is bringing 360 jobs when it open a major East Coast plant. Haley posts the unemployment rate in every one of her Statehouse staff offices on copy paper.
Swiss manufacturer Tyco International Ltd. said Monday it plans to separate into three independent, publicly-traded companies, a move that will mark its second breakup since 2007. The company will create an ADT North America residential security business and separate companies for flow control products and commercial fire and security.
SAN FRANCISCO (AP) — Wanted: experienced security professional. Must have plan to thwart Chinese counterfeiters, protect secret blueprints from spies and keep workers from leaving super-secret unreleased smartphones behind in bars. A day after a recent report surfaced that an Apple employee had lost a prototype for a new but unreleased iPhone at a Northern California watering hole, two job listings appeared on Apple's website for managers of "new product security.
HONG KONG(AP) — Airplane maker Boeing Co. warned Monday that Asia faces a shortfall of new pilots needed to meet surging demand for air travel and that it will get harder to recruit because the profession isn't desirable anymore. Boeing predicts that the Asia-Pacific region will need 182,300 new pilots from 2011 to 2030, with about two-fifths of that demand coming from China.
EAST PEORIA, Ill. (AP) — Caterpillar Inc. officials say one of the company's East Peoria manufacturing plants is undergoing $200 million in improvements. The Journal Star reports ( http://bit.ly/qD9rMX ) the plants is one of the oldest of Caterpillar's facilities in East Peoria. The company says the effort will improve production of tractors.
JACKSONVILLE, Fla. (AP) — An innovative Saft battery plant built in large part with federal stimulus money and government incentives is up and running in Jacksonville. The facility opened Friday. It's billed as the world's most advanced automated lithium-ion factory. The $200 million plant is expected to create about 300 jobs.
NAGOYA, Sept. 17 (Kyodo) — Toyota Motor Corp. is considering manufacturing key components for gasoline-electric hybrid vehicles at some of its overseas plants in the United States and Asia to improve its profitability hurt by the strong yen, company sources said Saturday. Production of such parts in the United States and Asian countries would expand the Japanese automaker's earlier plan to make hybrid components in China.
FARGO, N.D. (AP) — Federal labor officials want to impose $7,000 in fines against a Canadian company after the August death of a worker at a Fargo industrial park. KFGO radio reports (http://bit.ly/oJXoOl ) that the U.S. Department of Labor's Occupational Safety and Health Administration proposed the fines last week.
ALEXANDRIA, Va. (AP) — President Barack Obama signed into law Friday a major overhaul of the nation's patent system to ease the way for inventors to bring their products to market. "We can't afford to drag our feet any longer," he said. Passed in a rare display of congressional bipartisanship, the America Invents Act is the first significant change in patent law since 1952.
DETROIT (AP) — The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday. The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees of more union jobs, the people said.
POPLAR BLUFF, Mo. (AP) — A large southeast Missouri employer is cutting more than 200 jobs. The Poplar Bluff Daily American Republic (http://bit.ly/neW1pb ) reports that lawnmower maker Briggs & Stratton Corp. said Thursday it will lay off 202 workers at the Poplar Bluff plant starting Oct.
ROCK HILL, S.C. (AP) — An electronics plant in Rock Hill is releasing about 15 percent of its staff. The Herald of Rock Hill reported Friday that TE Connectivity has eliminated 57 jobs at the plant that makes electronic connectors. Company spokesman Mike Ratcliff says the reductions come because of a restructuring and a slowdown in business.
NASHVILLE, Tenn. (AP) — Gov. Bill Haslam's office confirmed Thursday that the state is in talks with General Motors to expand production at the automaker's Tennessee plant. The state's economic development chief, Bill Hagerty, was in Detroit to meet with GM officials, as were mayors representing communities surrounding the Spring Hill plant that stopped assembling the Chevrolet Traverse in 2009.
DES MOINES, Iowa (AP) — Alcoa Inc. will invest $300 million to expand and add 150 jobs to its Davenport plant to meet the growing demand for demand from the automotive industry as automakers work to meet federal guidelines for increasing gas mileage and lowering emissions, company officials announced Thursday.