WASHINGTON (AP) — Americans cut their spending in June for the first time in nearly two years after seeing their incomes grow by the smallest amount in nine months. The latest data offered a troubling sign for an economy that is adding few jobs and barely growing. Consumer spending dropped 0.
DETROIT (AP) — Car buyers kept visiting dealerships in July, but not in big enough numbers to shake the auto industry's unease about its recovery. Analysts predicted only a slight rise in U.S. sales of new cars and trucks for July. A lack of discounts and continuing shortages of Japanese cars kept many buyers away, causing sales to sputter for the third straight month.
GOSHEN, Ind. (AP) — A recreational vehicle factory in northern Indiana has fired more than 20 people for collecting unemployment benefits while also collecting paychecks for their jobs. Keystone RV fired the workers from the Goshen factory Monday after reviewing monthly reports from the state Department of Workforce Development for a year, said Timothy Edwards, the factory's human resources manager.
RICHLAND, Wash. (AP) — About 850 union members are facing layoffs in two months as Hanford contractors cut workers because federal stimulus money for cleanup work at the nuclear reservation in Washington state is running out. The president of the Hanford Atomic Trades Council, Dave Molnaa, told the Tri-City Herald on Monday he has not seen layoffs of that magnitude since the mid-1990s.
COLUMBUS, Ohio (AP) — Ohio regulators are proposing that companies get breaks of up to 20 percent on their electric bills based on the number of jobs they create and investments in the state, while other electric customers would pay more to cover much of the discounts. The plan is drawing mixed reactions from business groups and is on the radar of a state consumer watchdog, The Columbus Dispatch reported Tuesday.
Copper didn't have much of a chance to extend its brief rally. Weak manufacturing data from the United States and China combined with a stronger dollar Monday to snap two consecutive days of higher copper prices. Copper for September delivery fell 6.95 cents to settle at $4.41 a pound.
MONTGOMERY, Ala. (AP) — The largest employer in the small, northwest Alabama town of Hackleburg announced Monday night that it plans to rebuild a Wrangler plant wiped out by a massive April tornado, prompting cheers and celebration among workers and townsfolk. VF Corp. officials delivered the news that they would rebuild the distribution center destroyed by the April 27 storm that killed 18 people in Hackleburg in Marion County.
MARMADUKE, Ark. (AP) — A Brookland man who died after an accident at the American Railcar Industries factory in Marmaduke was electrocuted. The Greene County coroner says the state medical examiner has listed the cause of death of 28-year-old Joshua Buchanan on July 25 at American Railcar Industries as electrocution.
SEATTLE (AP) — Boeing Co. said Monday that it received an order from Korean Air for two additional 737-900 extended range jetliners worth $171.6 million at Boeing list prices. The airline said it is in the process of revamping its fleet with technologically advanced airplanes, and completed a cabin refurbishment project for its mid- to long-haul flights early this year.
WEST FARGO, N.D. (AP) — A $50 million expansion project is planned at a North Dakota heavy equipment manufacturing company. Caterpillar Inc. officials and Gov. Jack Dalrymple announced the plans Monday for the company's West Fargo plant. It's expected to create about 250 new jobs, nearly doubling the current workforce at the plant.
NEW YORK, (Kyodo) — Ford Motor Co. is recalling a total of 1.1 million pickup trucks over a problem related to metal straps holding gas tanks that could rust and cause the tanks to fall, the National Highway Traffic Safety Administration said Monday. The recall covers three types of pickup trucks, including certain 1997 through 2004 F-150 models, the NHTSA said.
DETROIT (AP) — Car shoppers worried about the U.S. economy last month and that kept sales in a funk. U.S. sales of new cars and light trucks are expected to rise only slightly in July, as the debate over the debt limit and other economic worries kept buyers at home. Automakers are scheduled to report July sales starting around 11 a.
ORLANDO, Fla. (AP) — Defense contractor Lockheed Martin said Monday that it has received a $60 million contract from the Army to provide a night vision sensor for Apache attack helicopters. The follow-on pact includes 23 Arrowhead night vision sensor kits for the National Guard, plus U.
TOKYO, Aug. 1 (Kyodo) — Honda Motor Co. is considering building a new plant in Mexico to make the Fit subcompact, which is currently exported to North America from Japan, company officials said Monday. Honda may begin building the plant as soon as next year with the aim of starting production in 2014, the officials said.
SHANGHAI, Aug. 1 (Kyodo) — After China confirmed for the first time last week that it is pursuing an aircraft carrier program, residents in Changxing Island just north of Shanghai said authorities have secretly recruited 10,000 workers in an apparent move to build China's first domestic aircraft carrier.
WASHINGTON (AP) — President Barack Obama and automakers ushered in what could be the largest cut in fuel consumption since the 1970s on Friday with a deal that would save drivers money at the pump and dramatically cut heat-trapping gases coming from tailpipes. The agreement pledges to double overall fuel economy to 54.
WASHINGTON (AP) — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity fell to 50.9 percent in July from 55.
DETROIT (AP) — Auto parts supplier American Axle & Manufacturing Holdings Inc. said Friday that its second-quarter profit nearly doubled on higher sales stemming from the continued increase in vehicle production. The Detroit-based company also boosted its profit prediction for the full year, citing updated production schedules at its customers and continued recovery in consumer demand for full-size pickup trucks and sport utility vehicles.
NASHVILLE, Tenn. (AP) — General Motors received nearly $17 million in job-training grants from the state of Tennessee nearly three years ago, tapping an unexpected source of cash at a time the automaker teetered on the brink of collapse, according to a published report. Those grants made GM the biggest single recipient of cash for job training from the Tennessee Department of Economic and Community Development, according to a database obtained by The Tennessean.
COUNCIL BLUFFS, Iowa (AP) — Tyson Foods Inc. is moving ahead with a $48 million renovation at one of its plants in Council Bluffs. The Springville, Ark.-based company says Friday it will convert its cooked meats plant into a dry sausage and pepperoni operation. The project includes new equipment and a 60,000 square foot addition.