WASHINGTON (AP) — The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government's 98,000 shares.
KINSTON, N.C. (AP) — A company that manufactures large aircraft sections is expanding production at its North Carolina factory, adding work that could mean up to 200 additional jobs within five years. Spirit AeroSystems Inc. said Wednesday that it will move wing production for Gulfstream trans-continental business jets from its Tulsa, Okla.
DECATUR, Ala. (AP) — An international company that makes high performance plastic films has decided to open a new $185 million manufacturing plant in Decatur. Alabama Gov. Robert Bentley and Polyplex Corp. chairman Sanjiv Saraf announced Wednesday in Decatur that the new plant would create 150 new jobs.
COLUMBIA, S.C. (AP) — Bridgestone on Wednesday announced plans to expand its tire plant in Aiken County and add 122 jobs by 2013. Bridgestone Americas, Inc. plans to invest $135 million in a 266,000-square-foot expansion at its Graniteville plant off Interstate 20, according to a news release from Gov.
To keep one of its biggest customers, Boeing just promised American Airlines a plane it wasn't sure it wanted to build. The plane doesn't even have a name yet. Boeing, a massive company that typically plans years in advance for airplanes it will build for decades, made a lightning-fast turnaround.
BARTONVILLE, Ill. (AP) — Authorities in central Illinois are trying to figure out what caused the death of an employee at Keystone Steel & Wire Co. Peoria County Coroner Johnna Ingersoll says 40-year-old John DeCanter of Manito was found unresponsive in the plant's shower room Wednesday.
WASHINGTON (AP) — More people applied for unemployment benefits last week, evidence that layoffs are rising and the job market is weak. Applications for unemployment benefits rose by 10,000 to a seasonally adjusted 418,000, the Labor Department said Thursday. The four-week average, a less volatile measure, dipped to 421,250.
WICHITA, Kan. (AP) — A union at aircraft parts maker Spirit AeroSystems is recommending that workers reject the company's contract offer. Leaders of the Society of Professional Engineering Employees in Aerospace recommended Tuesday that members reject the 10-year contract proposal. The contract covers about 2,300 technical and professional employees at Spirit.
SIOUX FALLS, S.D. (AP) — Two more businesses in southeast South Dakota are expanding and adding jobs. Adams Thermal Systems plans a $6 million expansion in Canton that will add 50 jobs and make room for even more growth in the future. The company makes engine cooling systems for vehicles.
WARSAW, Ind. (AP) — A company that provides finish coatings for automotive wheels plans to expand its operations in northern Indiana and hire dozens of more workers. Winona PVD Coatings announced Wednesday that it would spend about $9 million on new equipment for its Warsaw plant, where it now has about 35 workers.
JACKSON, Miss. (AP) — Mississippi Gov. Haley Barbour says he's spending several days in California "chasing jobs" and calling on companies that have investments in his home state. Barbour told The Associated Press in a phone interview Tuesday from California that he had already visited executives from KiOR, which is building refineries in Mississippi to convert timber products to a crude oil substitute.
TOPEKA, Kan. (AP) — The Shawnee County coroner says an employee at the Goodyear plant in Topeka who died Tuesday had heart-related problems that contributed to his death. The Topeka Capital-Journal reported that the worker was identified as 45-year-old Darrell Wayne Davis of Netawaka.
ST. LOUIS (AP) — The union representing about 230 workers at a key southern Illinois plant that makes nuclear fuel has reached a tentative three-year deal with the company that locked them out more than a year ago in Superman's adoptive hometown, both sides confirmed Wednesday. Terms of the deal involving Honeywell's Metropolis plant were not released, pending a vote by the union's members after bargainers first resolve how to transition the workers back to their jobs at the nation's only plant that begins refining uranium for eventual use in nuclear power plants.
NEW YORK (AP) — Ballard Power Systems said Tuesday that Plug Power Inc. committed to buy at least 3,250 of Ballard's fuel-cell stacks to power forklift trucks. The deal was made under an existing agreement between the companies that runs through 2014. Plug Power said some companies such as Kroger Co.
METROPOLIS, Ill. (AP) — A labor dispute that's dragged on for more than a year at a southern Illinois plant that makes nuclear fuel may soon be over. Honeywell and the union representing about 230 locked-out workers at the uranium-conversion plant say both sides have reached a tentative agreement on a three-year deal.
TOPEKA, Kan. (AP) — An employee at the Goodyear plant in Topeka has died after collapsing while at work. Authorities say 45-year-old Darrell Wayne Davis of Netawaka died Tuesday after being taken from the plant. WIBW reports that some of Davis' co-workers say he was not feeling well and took a break.
NEW YORK (AP) — For the first time since the Great Recession, more Americans are buying Harleys. Harley-Davidson Inc.'s U.S. sales rose almost 8 percent and its profit more than doubled in the second quarter, the first time since the end of 2006 that domestic sales have increased for the motorcycle maker.
DETROIT (AP) — Ford Motor Co. is recalling more than 20,000 pickup trucks and SUVs because a defective switch can cause the turn signal, tail lights and brake lights to fail. The National Highway Traffic Safety Administration said Wednesday on its website that the recall affects certain 2004 through 2011 Ranger pickups, 2002 through 2005 Excursion SUVs, and 2002 through 2007 F-250, 350, 450 and 550 trucks.
FORT WORTH, Texas (AP) — American Airlines is buying at least 460 new planes over the next five years in what it calls the biggest airline order in history. And in a victory for Airbus, it's splitting the work between the European plane maker and Boeing. American said Wednesday it will buy 260 planes from Airbus and 200 from Boeing Co.
HERSHEY, Pa. (AP) — The Hershey Co. is selling off part of its original chocolate plant at the sweet price of nearly $58 million. The Patriot-News of Harrisburg reported Monday that the company wants to sell a part of the century-old building that's being used for office space.