LOS ANGELES (AP) — Ford Motor Co. shares sank Monday after an Ohio judge said the automaker had to pay nearly $2 billion in damages to thousands of dealerships who participated in a 2002 class-action lawsuit. Ford has said it would appeal. THE SPARK: Cuyahoga County Common Pleas Judge Peter Corrigan in Cleveland issued the ruling based on a Feb.
NEW YORK (AP) — Clothing and footwear maker VF Corp., whose brands include Wrangler, Nautica and The North Face, said Monday it will buy boot and clothing maker Timberland Co. for more than $2.2 billion as it seeks to expand its outdoor offerings. VF plans to make Timberland part of its outdoor and actions sports business, and it said Timberland's headquarters will remain in Stratham, New Hampshire.
MORRIS TOWNSHIP, N.J. (AP) — Honeywell International Inc. said Monday that it had agreed to buy EMS Technologies Inc., which supplies communications equipment to the aerospace, defense and trucking industries, for about $506 million. Honeywell, the industrial conglomerate, is paying $33 per share in cash, a 33 percent premium to EMS's Friday closing price.
DURHAM, N.C. (AP) — President Barack Obama pledged Monday to push business-friendly policies on issues including free-trade agreements and worker pension funds as he sought to make good on promises to grow the economy and jobs by boosting competitiveness. "We know this is something we're going to have to work with everyone on, labor and business," Obama said as he sat with his jobs and competitiveness council, which met at an energy-efficient lighting plant in Durham, N.
TOKYO (AP) — Six more workers at Japan's tsunami-damaged nuclear power plant may have exceeded the radiation exposure limit, bringing the total to eight, the government said Monday. The health and labor ministry released the preliminary results of tests on how much radiation they had been exposed to as they worked at the Fukushima Dai-ichi plant.
TEXARKANA, Ark. (AP) — The federal Occupational Safety and Health Administration has fined Tyson Foods Inc. $70,000 in the wake of a fatal collapse at the company's Nashville, Ark., feed mill. The Texarkana Gazette reports OSHA cited Tyson earlier this month, saying a collapsed grain silo was "structurally unsound.
STOCKHOLM (AP) — Saab Automobile AB said Monday it has signed a nonbinding agreement with two Chinese companies, which will inject a total of euro245 million ($351 million) into Saab-owner Spyker Cars NV. Saab said Zhejiang Youngman Lotus Automobile Co. will invest euro136 million for a 29.
LOS ANGELES. (AP) — After years of legal wrangling, the first of hundreds of lawsuits over acceleration problems against Toyota Motor Corp. has been scheduled for trial. A crash that killed two people in Utah will be the first lawsuit to be weighed in court, a federal judge said Friday. U.
BEIJING (AP) — Protesters in southern China's manufacturing hub torched emergency vehicles in an outburst of anger against police abuse of migrant workers, eyewitnesses said Monday. Sunday night's rioting followed three days of steadily growing unrest in the town of Xintang in Guangdong province, the linchpin of China's crucial export industry.
WASHINGTON (AP) — The strong-smelling chemical formaldehyde causes cancer, while styrene, a second industrial chemical that's used worldwide in the manufacture of fiberglass and food containers, may cause cancer, the National Institutes of Health says. The NIH said Friday that people with higher measures of exposure to formaldehyde are at increased risk for certain types of rare cancers, including those affecting the upper part of the throat behind the nose.
YORK, Pa. (AP) — A fleet of automated guided carriers — robotic smart carts — perform a mechanical ballet along the concrete floor of a building once solely reserved for making Harley-Davidson Softail motorcycles. By August, more than 100 of the orange go-cart-sized bots will snake through on five rows of thin magnetic tape, carrying in-process Trike, Touring and Softail motorcycles through a futuristic assembly line that can be reconfigured within days to meet production demand.
The Pioneers of American Industrial Design stamp pane honors 12 of the nation’s most important and influential industrial designers — according to the United States Postal Service. Encompassing everything from furniture and electric kitchen appliances to corporate office buildings and passenger trains, the work of these designers helped shape the look of everyday life in the 20th century.
CINCINNATI (AP) — Consumer products maker Procter & Gamble says it has agreed to settle a lawsuit by parents who claimed a new version of Pampers diapers caused skin rashes and other problems for their babies. P&G will pay attorney fees, estimated at $2.7 million, and $1,000 to each child of 59 plaintiffs, under terms subject to final approval in U.
DETROIT (AP) — General Motors says it will spend $47 million at a factory in Defiance, Ohio, so it can build more parts that go into the company's small four-cylinder engine. The investment won't create any new jobs at the plant about 60 miles from Toledo. But it will buy equipment so the factory can crank out more parts for the 1.
BUFFALO, N.Y. (AP) — Ford Motor Co. plans to lay off 150 people from its Buffalo Stamping Plant in September. The automaker says the New York layoffs will result from the closing of one of two Canadian assembly plants which Buffalo supplies. The layoffs were disclosed Thursday in a notice to the New York Labor Department.
STOCKHOLM (AP) — Struggling Swedish car maker Saab Automobile AB says its production plant in Trollhattan will be closed all of next week while it negotiates with suppliers to get a stable material flow to the factory. The Spyker-owned auto group earlier this week said it expects some startup hiccups after recovering from a longer standstill while looking to secure funding.
COLUMBUS, Ind. (AP) — A $13.5 million center aimed at training workers to fill manufacturing jobs that are growing steadily more complex is opening in central Indiana. The Republic of Columbus reports that the Advanced Manufacturing Center of Excellence will open Friday in a 43,000-square-foot facility on Columbus Municipal Airport property.
COLUMBIA, S.C. (AP) — Attorneys general in 16 states weighed in Thursday on a federal lawsuit filed by the National Labor Relations Board, alleging that its complaint against Boeing Co. for building a South Carolina assembly plant hurts states' abilities to keep manufacturing jobs. The 16 attorneys general — all but one of whom are Republicans — oppose the lawsuit filed in April by the NLRB claiming that Boeing located a new 787 passenger aircraft assembly line in South Carolina to retaliate against Washington state union workers who went on strike in 2008.
SALT LAKE CITY (AP) — An aerospace company says it will expand operations in Utah and potentially bring 2,700 new jobs to the state over the next 15 years. ITT Corporation Vice President Jim Barber says the company, based in White Plains, N.Y., will increase manufacturing positions for their aircraft materials plant in Salt Lake City.
CAMDEN, N.J. (AP) — A multi-alarm blaze that burned for hours was declared under control after it consumed an abandoned tire factory in southern New Jersey and damaged several nearby row homes. The fire in Camden broke out around 3:30 p.m. Thursday in the vacant Reliable Tire Co. factory building and burned fiercely for several hours.