LIVONIA, Mich. (AP) — TRW Automotive Holdings Corp. said Monday that some of its occupant safety systems business unit locations in Germany were visited by European authorities last month as part of an ongoing antitrust investigation. TRW, which makes brake, steering and safety systems, said it also received a related subpoena from the U.
PLYMOUTH, Minn. (AP) — Fertilizer manufacturer Mosaic Co. said Monday that it expects to incur $200 million in pretax expenses in fiscal 2012 due to a Florida court injunction that prevents mining activity in a Central Florida region where one of its mines is located. The news sent shares of Mosaic down $3.
Eva Vergara, AP SANTIAGO, Chile (AP) — The world's largest copper producer is shut down in a 24-hour strike that has the potential to cause severe losses for Chile's state mining company. Codelco says it could lose $41 million from today's strike, which comes on the 40th anniversary of Chile's decision to nationalize its mining industry.
LANCASTER, OH - U.S. Sen. Sherrod Brown (D-OH) visited Anchor Hocking in Lancaster today, where he toured the facility and met with workers to discuss manufacturing and the need for strong trade enforcement against countries like China that provide unfair subsidies to its glass producers. Headquartered in Lancaster since its inception in 1905, Anchor Hocking employs more than 1,500 Ohioans and is a leading manufacturer of Made-in- the-USA glass tableware and bakeware.
Francesca Levy, AP Business Writer NEW YORK (AP) — Stocks fell sharply Monday as investors feared that Europe's debt crisis would spread. The Dow Jones industrial average fell 150 points, or 1.2 percent, to 12,508, in afternoon trading. The Standard & Poor's 500 index fell 22, or 1.
CLEVELAND , OH (June 28, 2011) – Applied Industrial Technologies (NYSE: AIT) has announced the publication of its 2011 / 2012 Applied® Product Catalog with nearly 2,500 new products. This full-line catalog includes more than 36,000 industrial products for MRO, OEM and government applications, including bearings, power transmission products, fluid power products, belts, hoses, tools, janitorial supplies, safety items and much more.
PEORIA, Ill. (AP) -- Caterpillar Inc. avoided paying more than $2 billion in federal income taxes from 2000 to 2009 by accounting fraudulently for billions in dollars of profits, according to a lawsuit filed by a manager of the heavy equipment maker. Daniel Schlicksup, who was a global tax strategy manager for the company from 2005 to 2008, alleges that the company wrongly attributed at least $5.
Elaine Kurtenbach, AP Business Writer SHANGHAI (AP) — Working around the clock, China's biggest heavy machinery maker put the final touches Monday on sections of the new east span of the San Francisco Bay Bridge, the biggest project so far for the state-run giant expanding in the global construction market.
LINCOLN, R.I. (AP) — Two members of Rhode Island's congressional delegation are set to announce new legislation intended to boost manufacturing in the state. U.S. Senator Sheldon Whitehouse and Congressman David Cicilline are expected to announce Monday the introduction in Congress of the House version of the "Off-shoring Prevention Act.
AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. said Monday that it has stopped production at its tire manufacturing facility in Union City, Tenn. The tire maker announced plans in February to close the plant by the end of the year, but said Monday that it was able to transfer production to other facilities faster than expected.
LOVELL, Wyo. (AP) — An employee at a Wyoming bentonite plant is recovering at a Denver hospital after severing his hand while operating a conveyor. Steve Wilkerson, who manages American Colloid in Lovell, says the employee was injured at about 9 p.m. Monday and is doing well and is in "good spirits.
Ben Feller, AP White House Correspondent WASHINGTON (AP) — Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will stay with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the entire effort will do anything to create desperately needed jobs.
TIPTON, Ind. (AP) — A solar panel manufacturer says its plans remain on track to start production at an unfinished auto parts factory in central Indiana a year after President Barack Obama announced $400 million in federal loan guarantees for the company. Abound Solar took control of the vacant factory near Tipton after gaining final loan approval in December and has since added production at its existing plant in Longmont, Colo.
Michael Melia, Associated Press GROTON, Conn. (AP) — The U.S. Navy's primary contractor for submarines is hiring hundreds of employees and putting up new buildings as it doubles production of fast-attack submarines and ramps up design work for a new generation of ballistic missile vessels, company officials said Wednesday.
SCOTTSDALE, Ariz. (AP) — General Dynamics Corp. said Thursday that it has received a $56.4 million contract from the Department of Defense to make Rifleman and Manpack radios for the U.S. Army. The contract calls for General Dynamics C4 Systems to produce 6,250 Rifleman and 100 Manpack radios, the company said.
NASHVILLE, Tenn. (AP) — A worker has died from injuries he received in a flash fire at a Nashville metals plant over the weekend, less than two months after a fire at a metals plant in Gallatin resulted in two deaths. The Metro Nashville Fire Marshal's Office is investigating the death of Shawn Allen Austin, 28, of Nashville, according to The Tennessean.
Vicki Smith, Associated Press MORGANTOWN, W.Va. (AP) — A West Virginia chemical plant where three men died in a December explosion will fight federal safety violations issued against it last month. The Occupational Safety and Health Administration received notice last week that AL Solutions in New Cumberland plans to contest the 18 violations, said spokeswoman Lenore Uddyback-Fortson.
Christopher S. Rugaber, AP Economics Writer WASHINGTON (AP) — Hiring slowed to a near-standstill last month. Employers added the fewest jobs in nine months and the unemployment rate rose to 9.2 percent. The Labor Department said Friday that the economy generated only 18,000 net jobs in June.
Geert Follens, president, Portable Energy Division With effect from July 1, the Portable Air Division is changing its name to the Portable Energy Division, a name which more accurately reflects the division’sextended product portfolio. The new Portable Energy division focuses on five “pillars”, each one relating to a product group: air (on-site compressors), power (on-site generators), light (on-site light towers), water (on-site pumps), and used equipment.
ELLISVILLE, Miss. (AP) — The Occupational Safety and Health Administration has cited Howard Industries for 17 safety and health violations following the January death of a worker who was electrocuted while calibrating a transformer test station. Authorities say the worker was testing electrical transformers when he was electrocuted.