BRUSSELS (AP) — Chinese officials recently unveiled a new, high-tech stealth fighter that could pose a significant threat to American air superiority — and some of its technology, it turns out, may well have come from the U.S. itself. Balkan military officials and other experts have told The Associated Press that in all probability the Chinese gleaned some of their technological know-how from an American F-117 Nighthawk that was shot down over Serbia in 1999.
WASHINGTON (AP) — Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Business Economics finds that economists are more hopeful about overall economic growth, the job market and demand for companies' products and services by many measures than they have been since the start of the Great Recession.
WASHINGTON (AP) — President Barack Obama pitched freer trade as a prescription for U.S. job growth Saturday and said the nation must spare no effort to open markets abroad. Warming up for a State of the Union address that is expected to focus on jobs and the economy, Obama said in his weekly radio and Internet address Saturday that getting access to foreign markets is the reason he met China's President Hu Jintao at the White House in the past week.
LOS ANGELES (AP) — The brightest bulb in most homes for more than a century is fading toward darkness this year as California turns out the light on the century-old incandescent. Beginning Jan. 1, the state began phasing out certain energy-sucking bulbs, federal standards the rest of the country will enact next year.
DETROIT (AP) — General Motors Co. will add a shift and more than 650 jobs at its assembly plant in Flint where it makes the hot-selling GMC Sierra and Chevrolet Silverado pickup trucks, a person familiar with the plan said Saturday. The move is yet another sign that truck sales are on the rise for the recovering automaker.
WASHINGTON (AP) — President Barack Obama wants to cast some light on economic success stories in the shadows of a slow recovery. And he is looking to find some more. On Friday, the president travels to Schenectady, N.Y., birthplace of the General Electric Co., to showcase a new GE deal with India and announce a restructured presidential advisory board to focus on increasing employment and competitiveness.
SAN FRANCISCO (AP) — Eric Schmidt, a technology veteran brought in as Google Inc.'s "adult supervision" a decade ago, is relinquishing the CEO job to Larry Page, one of the prodigies who co-founded the company behind the Internet's dominant gateway. The surprise shake-up announced Thursday appears to be driven by Schmidt's desire to tackle other challenges as much as Page's personal ambition.
LONG BEACH, Calif. (AP) — Dwindling domestic demand for C-17 cargo planes will force Boeing Co. to slash 1,100 jobs at its U.S. plants, most of them in Long Beach where the aerospace giant has cut 13,000 jobs since the 1990s, the company said Thursday. The 900 jobs in Long Beach and 200 jobs at plants in Mesa, Ariz.
Mitsubishi Motors North America plans to produce a new model at its plant in Normal, Ill., extending the life of the facility just a month after employees agreed to lower wages the company said were needed to keep it open. Mitsubishi announced the plans as part of new, global business plan aimed at revitalizing the troubled Japanese automaker.
NEW YORK (AP) — Heavy equipment maker Caterpillar is urging a stronger trade relationship between the U.S. and China on the heels of the Chinese president's visit to the U.S. The Peoria, Ill., company, the world's largest maker of construction and mining equipment, said Friday it inked a memorandum of understanding as part of the U.
DETROIT (AP) — The new chief of product development at GM holds what is arguably the most important job in the company: coming up with cars and trucks that people want. There also are a few extra goals on Mary Barra's list: Make the stuff faster and raise its quality. Barra, a 30-year veteran of General Motors, was named head of global product development on Thursday.
COLUMBIA, S.C. (AP) — South Carolina Gov. Nikki Haley is facing her first big lawsuit after saying the state would try to keep unions out of the Boeing Inc. plant in North Charleston. The lawsuit filed Thursday in U.S. District Court in Charleston by the International Association of Machinists and AFL-CIO asked for a court order telling Haley and her director of the Department of Labor, Licensing and Regulation to butt out and remain neutral in matters concerning union activities.
Apple Inc.'s stellar holiday-quarter results were enough to make investors forget, at least for the moment, that CEO Steve Jobs is taking another medical leave of absence. The company was able to boost production of iPads faster than analysts predicted, and shoppers bought iPhones as fast as Apple could make them, helping drive the company's fiscal first-quarter net income up 78 percent from the prior year.
DETROIT (AP) — Ford will retain nearly 3,750 jobs and build a new vehicle at a Missouri plant that was in danger of closing. Ford is ending production of the Escape SUV later this year at the Claycomo plant near Kansas City. It will make the new Escape in Louisville, Kentucky. The company won't say which new product is coming to the Missouri plant.
NEWARK, N.J. (AP) — Two men who authorities say were competing to impress their fellow hackers were arrested Tuesday on federal charges they stole the e-mail addresses of more than 100,000 Apple iPad users, including politicians and media personalities. The theft and the AT&T security weakness that made it possible were revealed months ago, and U.
WASHINGTON (AP) — President Barack Obama is lavishing the grandest of White House welcomes on Chinese President Hu Jintao as the leaders of the world's two top powers try to find common ground on economic and security issues without alienating their domestic audiences. With many Americans blaming China at least in part for the high U.
NEW YORK (AP) — Deere & Co. said Wednesday that it will spend about $100 million to build a new factory in India and expand an existing tractor plant in an effort to keep up with anticipated demand there. John Deere India has been the largest exporter of agricultural machinery from India for the past 5 years.
BOSTON (AP) — Massachusetts expects to recover about $13 million from the abrupt shutdown of a solar panel manufacturer that had received tens of millions in state aid, a top Patrick administration official said Tuesday. Economic Development Secretary Greg Bialecki said the $13 million includes a portion of the grants and benefits the state offered Evergreen Solar to encourage it to build its plant in Devens.
SAN FRANCISCO (AP) — If the past is any indication, Tim Cook's mastery of inventory management and his high expectations of employees should leave Apple Inc. in good hands while its charismatic leader, Steve Jobs, takes a medical leave of absence. Apple said Monday that Cook, the chief operating officer, will take charge of the iPhone and iPad maker as Jobs focuses on his health.
CHICAGO (AP) — Boeing Co. is pushing back the delivery date for its new 787 until at least July. The jet has been delayed several times already. Its most recent delivery target was for next month. But an electrical fire on a test plane in November put a halt to flight testing. Another delay has been widely expected ever since the fire.