BENTON HARBOR, Mich. (AP) — Whirlpool Corp. said Wednesday that fourth-quarter net income rose 20 percent as it increased prices for products in North America, offsetting a drop in demand overseas. The world's largest appliance maker, whose brands include its namesake as well as Maytag and KitchenAid, reported income of $205 million, or $2.
DURHAM, N.C. (AP) — In the palm of his hand, Joe Carr held a small piece of material that looked to be about the size of an ant. On top of that, was a black dot about the size as that from a ballpoint pen. That dot is a solar cell, made by the Durham-based company Semprius Inc. for use in photovoltaic solar modules that can turn sunlight into electrical power.
DETROIT (AP) — Chrysler's January U.S. sales jumped 44 percent over a year ago and Ford's rose 7 percent, kicking off what is expected to be a strong year for auto sales. But General Motors reported a 6 percent decline for the month Wednesday, saying demand for its trucks and crossovers fell when compared to its strong sales a year ago.
LONDON (AP) — Solid manufacturing surveys from around the world combined with evidence that the U.S. jobs recovery is gaining steam to boost markets on Wednesday, as concerns over Europe's debt crisis eased. After data showing that China's manufacturing sector is growing solidly and Europe's performing better than forecast, investors were further cheered by a run of fairly strong U.
INDIANAPOLIS (AP) — Lawmakers voted Wednesday to make Indiana the Rust Belt's first right-to-work state, passing legislation that prohibits labor contracts requiring workers to pay union representation fees. Thousands of union members gathered inside the Statehouse chanted "Shame on you!" and "See you at the Super Bowl!" as the vote was announced.
PENDERGRASS, Ga. (AP) — Toyota Industries Corp. will open a $350 million compressor production plant in Jackson County. Gov. Nathan Deal announced Tuesday that the plant in Pendergrass will bring 320 jobs. The operation will be known as Toyota Industries Compressor Parts America.
KUALA LUMPUR, Malaysia (AP) — Malaysia has granted approval to Australian miner Lynas Corp. to operate its 700 million ringgit ($230 million) rare earth plant despite public protests over fears of radioactive contamination. The Atomic Energy Licensing Board says it would grant Lynas a temporary operating license.
NEW YORK (AP) — Google, Facebook and other big tech companies are jointly designing a system for combating email scams known as phishing. Such scams try to trick people into giving away passwords and other personal information by sending emails that look as if they come from a legitimate bank, retailer or other business.
INDIANAPOLIS (AP) — State lawmakers were poised Wednesday to pass legislation that would make Indiana the Rust Belt's first right-to-work state and prohibit labor contracts requiring workers to pay union representation fees. Meanwhile, union protesters were planning a rally and march through downtown streets bustling with Super Bowl festivities over the contested labor issue that has roiled the Statehouse.
SHANGHAI (AP) — China's manufacturing sector was boosted by strong holiday season demand for food, beverages and other consumer products in January, though export demand and other indicators remained weak, according to surveys released Wednesday. The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose 0.
DETROIT (AP) — Chrysler, propelled by higher sales of Jeeps and other revamped cars and trucks, reported its first annual net income since 1997, capping a pivotal turnaround year that many thought would never come. The U.S. automaker, now privately held and majority owned by Italy's Fiat SpA, earned $183 million last year, reversing a $652 million loss in 2010, its first full year out of bankruptcy protection.
MOSCOW (AP) — The head of Russia's space agency said Tuesday that cosmic radiation was the most likely cause of the failure of a Mars moon probe that crashed to Earth this month, and suggested that a low-quality imported component may have been vulnerable to the radiation. Vladimir Popovkin also said a manned launch to the International Space Station is being postponed from March 30 because of faults found in the Soyuz capsule.
OSHKOSH, Wis. (AP) — Truck maker Oshkosh Corp. said Tuesday that its profit fell by nearly two-thirds in its fiscal first quarter on lower sales of some military vehicles and parts. Lower spending by cities, fewer sales to airports and "operational challenges" at a Florida plant hurt sales of fire and other emergency vehicles in the quarter, the company added.
SAN FRANCISCO (AP) — The owners of a South San Francisco salami plant will pay nearly $700,000 and overhaul its refrigeration system as part of a federal judgment stemming from an ammonia leak that sickened almost four dozen people. The U.S. Environmental Protection Agency and Department of Justice say Columbus Foods will pay the penalty for the August 2009 gas release without acknowledging wrongdoing.
PITTSBURGH (AP) — U.S. Steel Corp. said Tuesday that its fourth-quarter loss narrowed as strong demand for pipes from the oil industry boosted revenue. The company was optimistic about the current quarter, and shares jumped 5 percent in morning trading. The steel maker, which is based in Pittsburgh, said that results in the current period will improve from levels in the October-December quarter, which were hurt by a weak steel market.
WILMINGTON, Del. (AP) — A federal judge in Virginia has refused to overturn the jury's decision on a $919 million damage award against a South Korea company that lost a trade secrets lawsuit to the DuPont Co. A jury last year ruled that Kolon Industries had maliciously and willfully misappropriated DuPont technology for high-strength synthetic fibers used in products such as Kevlar body armor.
TOKYO (AP) — Japan's industrial production rebounded 4 percent in December from November and household spending increased for a second month, suggesting the still-weak economy is gaining some steam after last year's tsunami disaster and flooding in Thailand that disrupted manufacturers' supply chains.
BERLIN (AP) — German steelmaker ThyssenKrupp AG said Tuesday it is selling its stainless steel unit Inoxum to Finland's Outokumpu Oyj in a euro2.7 billion ($3.54 billion) deal. The German company said an agreement in principle had been reached between the two companies and that ThyssenKrupp's management board had already approved the deal.
NEW DELHI (AP) — India has decided to buy 126 French-made Rafale combat aircraft for the Indian air force, clinching a massive $11 billion defense deal, a top government official said Tuesday. The French aviation company Dassault snapped up the $11 billion deal after emerging with the lowest bid in a two-way competition against the Eurofighter Typhoon aircraft, the official said.
WASHINGTON (AP) — President Barack Obama wears his decision to rescue General Motors and Chrysler three years ago as a badge of honor, a move to save jobs in an industry that helped create the backbone of the middle class more than a half-century ago. For Obama, the auto bailout is a case study for his efforts to revive the economy and a potential point of contrast with Republican Mitt Romney, who opposed Obama's decision to pour billions of dollars into the auto companies.