TOLEDO, Ohio (AP) — Vice President Joe Biden said Monday that U.S. automakers will thrive in the coming years despite the economic challenges still facing the industry. Addressing auto workers, Biden painted a rosy picture of an industry that only a year ago was facing questions about whether it could survive and still is struggling to sell cars and other vehicles.
NEW YORK (AP) — Stocks rose modestly Monday as investors tentatively moved back into the market after a fresh round of merger and acquisition activity. There are no major economic reports due out Monday that could provide insight into the pace of recovery, so traders are turning their attention to corporate news.
PALO ALTO, Calif. (AP) — Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., just a week after rival Dell Inc. agreed to acquire the company for $1.13 billion. HP and Dell have been looking to expand beyond personal computers over the past few years in a search for bigger profits.
TAIPEI, Taiwan (AP) — The chief executive of a leading Taiwanese LCD screen maker has been barred from leaving the U.S. during a U.S. Justice Department probe into alleged price-fixing, the company said. Hsinchu-based AU Optronics Corp. said in a statement filed Saturday with Taiwan's Stock Exchange that a U.
ISLE OF WIGHT, Va. (AP) — By 6:15 a.m. most days, Fred's Restaurant once hopped with International Paper workers stopping for a cup of coffee or breakfast before heading on to work the day shift at the paper mill. "People used to sit in the parking lot and wait for me to unlock the doors at 6 a.
CHATTANOOGA, Tenn. (AP) — After 25 years with General Motors, Renee Pipkins lost her job as an automotive engineer in Michigan last year and decided to hit the road literally. She and her husband, a retired GM millwright, are taking on new careers as truck drivers, where they see more job security.
WASHINGTON (AP) — Food and Drug Administration chief Margaret Hamburg said Monday her agency is limited by law to a mostly reactive stance on food safety and argued that it needs a more "preventive approach." Giving a series of network interviews in the wake of the egg and salmonella breakout, Hamburg said the FDA is taking the issue "very, very seriously.
COPIAPO, Chile (AP) — For 33 men found alive after 17 days trapped deep in a copper and gold mine, the toughest challenge now may be preserving their sanity during the months it may take to carve a tunnel big enough for them to get out. For their families above ground on Monday, euphoria and and more anxiety meant for a sleepless night at the realization that the miners may be stuck until Christmas.
SEATTLE (AP) — PC maker Dell Inc. said Thursday its net income improved 16 percent in the fiscal second quarter as businesses replaced aging technology, though a key profit measure fell. The majority of Dell's revenue comes from selling technology to other companies, so its results offer a gauge of the economic recovery in the form of business spending on technology.
NEW YORK (AP) — Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through three bosses in quick succession just because it's turned a profit for a few months? That is essentially what General Motors will ask investors to do when it takes itself public again with one of the largest initial stock offerings ever.
CHEYENNE, Wyo. (AP) — Wyoming no longer is the nation's deadliest place to work, a dubious distinction that now belongs to Montana. The number of workers killed on the job in Montana increased from 40 in 2008 to 50 in 2009, according to figures released Thursday by the Bureau of Labor Statistics.
HARTFORD, Conn. (AP) — Jet engine manufacturer Pratt & Whitney said Thursday that declining work is forcing it to lay off about a quarter of its hourly labor force at a repair plant, prompting the workers' union to question whether the company is violating a federal court order barring it from moving jobs out of the state.
Caterpillar Inc. officials said Thursday they don't expect a double-dip recession because the world's central banks haven't made major errors and the economy has been improving throughout 2010, especially in the developing world. New CEO Doug Oberhelman and other executives met with analysts in New York and discussed the opportunities ahead for the world's largest maker of construction and mining equipment.
MUMBAI, India (AP) — The U.S. says it is not pressuring India to drop claims against an American corporation linked to the 1984 Bhopal gas tragedy, trying to cool a furore over leaked emails that suggest high-level heavying in advance of President Barack Obama's November India trip. The outcry over the e-mail exchange between a U.
The Emerging Technology Center at the 2010 IMTS has some big shoes to fill: none other than the Apollo 11 moon landing. Check out this teaser video to see what new technologies IMTS is bringing to the table, which include nanotechnology and more. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
The International Manufacturing Technology Show, which will be held at McCormick Place in Chicago, IL, on Sept. 13-18, 2010, is shaping up to be an interesting event. Douglas Woods, president of AMT, explains what makes IMTS different. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
CEDAR RAPIDS, Iowa (AP) — Cedar Rapids-based Rockwell Collins has been awarded a $140 million contact by the U.S. Air Force to develop a high performance system for testing military weapons. The technology is called the Common Range Integrated Instrumentation System, or CRIIS. The company says in a news release Tuesday that the system will give the military the ability to effectively test weapons systems so the next generation weapons can be deployed to the field more quickly.
ST. MARYS, Pa. (AP) — For years, it was the way breweries did business: sell bottles, then take back the empties. It just made sense, especially to folks weaned in the lean days of the Great Depression and World War II, that bottles should be scrubbed and refilled, not thrown away. These days, in a culture where nearly everything is disposable, recycling is a rite and energy costs are high, the decision of whether to toss tradition into the trash heap lies with one brewery about 100 miles northeast of Pittsburgh.
SHANGHAI (AP) — General Motors Co. and Chinese partner SAIC announced Wednesday plans for joint development of fuel-efficient small engines and transmissions, focusing squarely on the fastest-growing part of China's huge auto market. The companies, which run several joint ventures including their flagship Shanghai GM, will develop a 1 liter to 1.
SHENZHEN, China (AP) — Young workers who normally spend their days assembling iPhones and other high-tech gadgets packed a stadium at their massive campus Wednesday, waving pompoms and shouting slogans at a rally to raise morale following a string of suicides at the company's heavily regimented factories.