CHICAGO (AP) — Results from a new economic survey may ease concerns about rising unemployment and its effect on consumer spending, as forecasters say more employers appear willing to hire in the coming months. The latest quarterly survey from the National Association for Business Economics, set for release on Monday, shows that unemployment is moderating.
WASHINGTON (AP) — The Food and Drug Administration has allowed drugs for cancer and other diseases to stay on the market even when follow-up studies showed they didn't extend patients' lives, say congressional investigators. A report due out Monday from the Government Accountability Office also shows that the FDA has never pulled a drug off the market due to a lack of required follow-up about its actual benefits — even when such information is more than a decade overdue.
WASHINGTON (AP) — Health and Human Services Secretary Kathleen Sebelius said Monday the swine flu vaccine "is coming out the door as fast as it comes off the production line." But at the same time, she acknowledged delays in getting a sufficient supply for all those demanding it.
BEIJING (AP) — China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety official said Monday. Consumer Products Safety Commission Chairman Inez Tenenbaum said that her Chinese counterparts have provided technical help and are working with the U.
NEW ORLEANS (AP) — The head of steelmaker Nucor Corp. indicated Thursday that the possible cost of any carbon legislation that emerges from Congress is still a key concern as the company decides whether to build a pig iron plant in Louisiana or South America. The Charlotte, N.C.-based company is considering a site near Convent in St.
ELLENBORO, W.Va. (AP) — The U.S. Commerce Secretary, Sen. Jay Rockefeller and Gov. Joe Manchin are scheduled to make a joint appearance at Simonton Windows. The Commerce Department says Friday's event is being held to show how President Obama's administration is helping create jobs.
SHANGHAI (AP) — Top U.S. safety officials are meeting with their Chinese counterparts to seek help for American homeowners complaining of damage from suspect drywall imported from China. Consumer Products Safety Commission Chairman Inez Tenenbaum said Friday that apart from discussing compensation, her agency also is urging China to help set standards for drywall products to help prevent future problems.
DEARBORN, Mich. (AP) — Ford Motor Co. and the United Auto Workers union, which have agreed to proposed contract changes that would lower the automaker's labor costs, are running into opposition from some workers who say they've given too much already. Workers at the Dearborn Truck Plant outside Detroit honked horns and shouted down Bob King, the union's top Ford negotiator, Wednesday evening as King tried to speak about the proposed changes, according to Gary Walkowicz, a member of the plant's bargaining committee.
WASHINGTON (AP) — Americans seem to be cooling toward global warming. Just 57 percent think there is solid evidence the world is getting warmer, down 20 points in just three years, a new poll says. And the share of people who believe pollution caused by humans is causing temperatures to rise has also taken a dip, even as the U.
RICHMOND, Va. (AP) — Calling International Paper Co.'s plan to idle its Franklin plant "a deep blow" to Virginia, Gov. Timothy M. Kaine is promising help to the nearly 1,100 families affected by the closure. Kaine said Thursday that he would direct the Virginia Employment Commission to dispatch an economic crisis strike force to Franklin within the coming days.
CATANO, Puerto Rico (AP) — An explosion at a Gulf gasoline facility Friday rocked a neighborhood outside Puerto Rico's capital, causing minor injuries and forcing evacuations as firefighters raced to prevent additional blasts. Several columns of black smoke and flames were rising from the Caribbean Petroleum Corp.
WHITING, Wis. (AP) — NewPage Corp. has notified state labor officials it plans to idle one of the Whiting paper machines in December, laying off 75 to 100 employees. The Whiting mill has two paper machines and employs about 340 workers. The company says the length of the layoff will be based on the economy and customer orders.
SEOUL, South Korea (AP) — Hyundai Motor Co., South Korea's largest automaker and a growing force in the global industry, said third-quarter net profit more than tripled to a record high amid sharply higher sales. Hyundai Motor said in a regulatory filing Thursday that it earned 979.
PEORIA, Ill. (AP) — Caterpillar Inc., the world's largest maker of construction and mining equipment, said Thursday that Douglas Oberhelman will become the company's CEO starting in July of next year. The Peoria, Ill.-based company said Oberhelman, 56, will succeed current Chief Executive Jim Owens on July 1.
WASHINGTON (AP) — The Treasury Department on Thursday is expected to order seven companies that have not paid back last year's government bailouts to halve their top executives' average compensation. The cuts apply to the 25 highest-paid executives at banks and other companies that received the most assistance, with salaries being slashed by as much as 90 percent, according to a person familiar with the matter.
DES MOINES, Iowa (AP) — Officials say a cotton glove found in a meat grinder at a Des Moines meatpacking plant stopped production and led to an inspection of about 40,000 pounds of meat. Police have no motive for last Thursday's incident at Swan Packing Inc. But the plant's general manager, Jerry Rowles, blames a disgruntled employee who police have yet to identify.
HELENA, Mont. (AP) — A woman is suing the maker of Louisville Slugger aluminum baseball bats over the 2003 death of her son, who was hit with a ball during a youth league baseball game. Opening arguments began Tuesday in Helena's district court. Debbie Patch says her teen son Brandon was pitching for the Miles City Mavericks when a ball hit by a Helena Senators batter struck him in the temple, causing a fatal injury.
WASHINGTON (AP) — The shockingly poor financial management of General Motors and Chrysler weakened their case for a government bailout, but officials feared letting the automakers collapse would severely harm the U.S. economy, the former head of the Obama administration's auto task force says.
SAN FRANCISCO (AP) — Sun Microsystems Inc. plans to eliminate up to 3,000 jobs, or 10 percent of its worldwide work force, as it awaits a takeover by Oracle Corp., a deal being held up by antitrust regulators in Europe. The layoffs Sun outlined Tuesday in a regulatory filing are the latest in a series of job cuts at the world's No.
Boeing Co. lost $1.6 billion in the third quarter as charges from its delayed 787 and revamped 747 dragged down results. Those charges also forced the airplane maker to slash this year's profit forecast. Shares of the Chicago-based company fell $1.22, or 2.4 percent, to $50.67 in pre-market trade after results were announced Wednesday.