NEW YORK (AP) — Stocks started off October on a positive note following mostly good news on the economy. Shares of big manufacturing companies like Boeing Co., General Electric Co. and 3M Co. rose Friday after the Institute for Supply Management said its manufacturing index showed that factory activity was still expanding in September, although not quite as fast as analysts had hoped and slightly slower than the month before.
GAS CITY, Ind. (AP) — A company plans to buy a closed auto parts factory in central Indiana and start producing children's furniture there this fall. Executives of New Jersey-based Munire Furniture joined Gov. Mitch Daniels and local officials Friday in announcing plans for the Gas City factory.
WASHINGTON (AP) — Johnson & Johnson executives and the Food and Drug Administration both shouldered the blame Thursday for a secret recall in which hired contractors quietly bought up defective painkillers to clear them from store shelves. J&J Chief Executive William Weldon told House lawmakers the company "made a mistake" in conducting the so-called "phantom recall," which is one of a string of problems that have drawn congressional scrutiny In the same committee hearing, the FDA's deputy commissioner, Dr.
MOUNT VERNON, N.Y. (AP) — A Wall Street adviser leaves early for work to avoid panhandlers at his suburban train station. In coal country, a suddenly homeless man watches from a bench as wealthy women shop for dresses. A down-and-out waitress sits glumly on her stoop across the street from a gleaming suburb.
SAN FRANCISCO (AP) — Hewlett-Packard Co.'s board upset many investors when it forced out Mark Hurd as CEO nearly two months ago. Now, those directors appear to have baffled Wall Street with its selection of HP's new leader — Leo Apotheker, who lost his job running German business software maker SAP earlier this year after he didn't live up to expectations.
PARIS (AP) — Hybrids and electric cars may get top billing. But at the Paris Auto Show, conventional engines are showing they have plenty of mileage left. New gas and diesel models have carbon emissions not far behind those of hybrids, and there's nothing old-fashioned about their small size and highly efficient internal combustion technology.
NEW YORK (AP) — Growth in the manufacturing sector likely continued in September but at a slightly slower pace, economists say. Makers of goods such as PCs, autos, furniture and factory machinery helped pull the economy out from the recession because of overseas sales and strong demand from businesses that needed to replenish their stockpiles of goods.
WASHINGTON (AP) — The Navy is ordering $5.3 billion worth of F/A-18 Hornet aircraft from Boeing Co. Boeing says the order is for 124 aircraft to be delivered between 2012 and 2015. The order includes 66 Super Hornets and 58 of its new Growlers, which are two-seat jets equipped with radar-jamming equipment and other gear to knock out a wide array of electronic devices.
SAN FRANCISCO (AP) — Hewlett-Packard Co. offered a rosy financial outlook Tuesday without giving any guidance on the biggest issue hanging over the world's largest technology company: the identity of its next CEO. The leading maker of personal computers and printers has been looking for a new leader since its board pressured Mark Hurd, its CEO of five years, to step down in an early August scandal revolving around allegations of sexual harassment and deceptive expense reports.
WASHINGTON (AP) — One of the tools that teachers use to get kids jazzed about science — hands-on science kits — could face an uncertain future amid a debate on safety. The Consumer Product Safety Commission has been mired for weeks in deliberation as it writes guidelines on what makes a product a "children's product.
NEW YORK (AP) — Caterpillar Inc., the world's largest marker of construction and mining equipment, said Wednesday it plans to open a new facility in Wujiang, China, to build mini hydraulic excavators. The company currently supplies Chinese customers with mini excavators produced at a facility in Xuzhou, China, and with machines produced in Sagami, Japan.
WEBSTER CITY, Iowa (AP) — A Webster City company is close to beginning production of electric vehicles. AMS Inc. owner Joe Fleming says the firm is about two weeks away from producing the autos and is putting final preparations in place. The Webster City Freeman Journal reports Tuesday that the company will start out assembling about 38 cars a week and increase that to about 100 cars a week in December.
CRETE, Neb. (AP) — Investigators say the man who shot three co-workers at a cold-storage warehouse in southeast Nebraska and then fatally shot himself had argued with the woman he shot 11 times. The Saline County Sheriff's office released an update Tuesday on its investigation of the Sept.
HERSHEY, Pa. (AP) — Chocolate maker Hershey has gained township approval for a $200 million expansion project that would shift production from a century-old plant to a modern facility nearby. Derry Township supervisors on Tuesday approved the final land development plans for the 243,000-square-foot expansion at a plant in West Hershey.
KUALA LUMPUR, Malaysia (AP) — India's economy could easily grow 10 percent a year if the government makes dramatic improvements to infrastructure, boosts productivity and improves education standards, a top Indian policymaker said Tuesday. At a time when developed countries are barely growing, India expects to achieve a growth rate of 8.
LOS ANGELES (AP) — California became the largest U.S. state to limit the toxic metal cadmium in children's jewelry on Monday, effectively creating a new national standard ahead of promised federal action. Lawmakers and public health officials have worried that kids who suck or bite jewelry containing cadmium — a known carcinogen — could suffer long-term poisoning, including problems with their kidneys and bones.
NEW YORK (AP) — The company that gave us the BlackBerry — still the dominant phone in corporate circles — thinks its business customers will have room in their briefcases for at least one more device: the PlayBook. Research in Motion Ltd. showed off the tablet for the first time Monday and is set to launch it early 2011, with an international rollout later in the year.
BOISE, Idaho (AP) — Oracle Corp. is suing Micron Technology Inc. in federal court, saying the semiconductor maker and other companies artificially inflated prices for microchips. Oracle says Micron and other conspirators, including South Korea's Hynix and Samsung and Germany's Infineon, artificially inflated prices above what Oracle's Sun Microsystems business should have paid for them.
UPDATE: 11:52am WASHINGTON (AP) — Tax legislation that would have punished U.S. firms that export jobs has failed in the Senate. The bill failed to reach the 60 votes required to advance in the 100-member chamber. Democrats held the vote Tuesday nonetheless to display their commitment to economic recovery just five weeks before the Nov.
DETROIT (AP) — Chrysler Group LLC says it has fired 13 plant workers a Detroit TV station caught drinking alcohol and smoking what appeared to be marijuana during breaks. Chrysler manufacturing chief Scott Garberding told WJBK-TV in a Sept. 22 report that the automaker identified some of the workers from Detroit's Jefferson North plant on tape and was pursuing the others.