WESTPORT, Conn. (AP) — Machinery products manufacturer Terex Industrial Holding AG, the German subsidiary of Terex Corp., has made a previously announced unsolicited bid for all the outstanding shares of a Dusseldorf-based crane manufacturer, Demag Cranes AG. Terex said Thursday that it is offering Demag shareholders a price of 41.
The company behind Fila shoes and clothing is taking a swing at golf, forming a foursome to purchase the maker of Titleist golf balls and FootJoy shoes from liquor company Fortune Brands Inc. Korean investors led by athletic company Fila Korea Ltd. and Mirae Asset Private Equity plan to buy Fortune's golf giant Acushnet Co.
BEIJING (AP) — Chinese media reports say two people have died following an explosion at a factory in southwestern China belonging to electronics maker Foxconn Technology Group. The cause of Friday evening's blast during a shift change at the plant in Chengdu wasn't immediately known.
AMSTERDAM (AP) — Royal Dutch Shell PLC will construct the biggest floating man-made object ever, a natural gas processing plant longer than four football fields and more massive than any aircraft carrier. The "Prelude FLNG" facility, to be anchored off the Australian coast, will be made of 260,000 tons of steel — five times more than Sydney's famed Harbour Bridge, Shell said Friday.
DETROIT (AP) — NFL Commissioner Roger Goodell isn't above seeking a little advice as the lockout approaches its 10th week with no end in sight. Goodell said Thursday he leans on the Ford family, which owns the Detroit Lions, to draw on their labor relations experience in the automobile industry.
GARNER, N.C. (AP) — Production of Slim Jim snacks is ending at a plant in Garner were an explosion killed four people in 2009. The closing of the ConAgra plant Friday puts 200 employees out of work. ConAgra announced in February it intended to close the plant. Investigators have said contractors were purging gas lines at the time of the blast, causing the building's roof to collapse.
TOKYO (AP) — Panasonic Corp., which faces a tough road this year after Japan's earthquake, tsunami and nuclear crisis, believes it can turn disaster into opportunity as the country rethinks its energy policy. President Fumio Ohtsubo said Friday his company's recent efforts to move toward environmentally friendly products and renewable energy technologies would eventually pay off.
HOWARD, Wis. (AP) — Two companies involved in an industrial accident that killed an Appleton man have been cited for violations of federal safety rules. The accident occurred Dec. 2 at Hattiesburg Paper Co. in Green Bay when a forklift struck and toppled a lift that had hoisted two men 30 feet off the ground.
DALLAS (AP) — Five workers were burned, three of them critically, in an accident at a cement plant near Dallas. The accident happened late Thursday afternoon at the TXI Cement Co. plant in Midlothian, about 25 miles southwest of Dallas. In a statement issued Thursday evening, TXI said it had few details on how the five were injured, but that they suffered their burns while doing maintenance work in a kiln in the main processing area of the plant.
PEORIA, Ill. (AP) — Caterpillar says sales of its construction and mining equipment remained strong in April when global sales soared 66 percent over last year. The company provided an update on its sales Thursday in documents filed with the Securities and Exchange Commission. Latin America continued to be the strongest region with equipment sales growing 72 percent over last year.
Mass. jobless rates dips to 7.8 percent in April BOSTON (AP) — The Massachusetts unemployment rate continued falling in April. In April the rate dropped to 7.8 percent, down from 8 percent in March and well below the national unemployment rate of 9 percent. That's down from a state high of 8.
BISMARCK, N.D. (AP) — Bobcat Co. plans to bring back some production to its shuttered Bismarck factory through the hiring of 35 workers by a logistics company that assembles machines, officials said. The Bismarck Tribune reported Thursday that Menlo Worldwide Logistics will use part of the 463,000-square-foot production plant that Bobcat closed in December 2009, putting some 500 employees out of work.
DAHLONEGA, Ga. (AP) — Koyo Bearings USA, which plans to complete an expansion of its Lumpkin Countyplant next year, will add 50 employees and is holding a job fair. The 70,000-square-foot addition will increase the plant's production of roller bearings. Ground was broken earlier this month.
CHICAGO (AP) — The FBI has requested a DNA sample from "Unabomber" Ted Kaczynski as part of its investigation into the 1982 deaths of seven Chicago-area people who took cyanide-laced Tylenol from packages that had been tampered with, officials said Thursday. Kaczynski, who pleaded guilty in 1998 to setting 16 explosions that killed three people and is serving a life sentence in federal prison, has declined to voluntarily provide a DNA sample.
ST. JOSEPH, Mo. (AP) — A St. Joseph man died when a piece of equipment fell on him at the Herzog plant. Buchanan County officers say 40-year-old Robert V. Montgomery died Wednesday afternoon when the equipment fell on him as he worked on a piece of a railcar. He was pronounced dead at the scene.
Bipartisan Congressional Caucus also active on Facebook, YouTube and Twitter WASHINGTON — U.S. Reps. Don Manzullo (R-IL) and Tim Ryan (D-Ohio) have launched a new website to keep citizens informed of the activities of the House Manufacturing Caucus, which they co-chair.
GROTON, Conn. (AP) — General Dynamics Corp. said Wednesday it received a $33.5 million contract modification to develop advanced undersea technologies. The U.S. Navy awarded the contract to General Dynamics' Electric Boat unit. Electric Boat will conduct research and development studies on technology areas including manufacturing, maintainability, survivability, hydrodynamics, acoustics, and materials.
ROCHESTER, N.Y. (AP) — Shares of Eastman Kodak Co. shot up almost 15 percent in unusually heaving trading Wednesday after CEO Antonio Perez told employees that recent Kodak stock purchases reflect management's faith in the photography pioneer's future. Some analysts suspect, however, that the stock price surge reflects Kodak's recent preliminary triumphs over smartphone giant Apple Inc.
MOLINE, Ill. (AP) — Deere & Co. plans to invest $80 million in a new agricultural equipment manufacturingplant in northeast China to help meet increased demand in the region. Deere, based in Moline, Ill., announced the new plant Wednesday morning as it released its quarterly earnings report.
GENEVA (AP) — European aircraft maker Airbus received state subsidies that hurt U.S. rival Boeing Inc., but not all of them were illegal under international rules, the World Trade Organization said Wednesday. The mixed decision by a WTO appeals panel allowed Brussels and Washington to both claim a victory of sorts in their tit-for-tat dispute over financial aid to airplane manufacturers that has become the costliest and most complex ever to be heard by the international trade body.