WASHINGTON (AP) — U.S. workers increased their productivity this summer by the largest amount in a year and half, and they cost their employers less. The trend is good for corporate profits but not necessarily for job growth. The Labor Department says productivity rose at an annual rate of 3.
PALO ALTO, Calif. (AP) — Tesla Motors Inc. said its net loss widened as it more than doubled spending on research and development. The loss was $65.1 million, or 63 cents per share, for the quarter that ended Sept. 30. During the same period a year ago it lost $34.9 million, or 38 cents per share.
The shrinking order book of an aircraft leasing company in the United Arab Emirates snagged Boeing's new 747-8 on Thursday. Boeing Co. confirmed that Dubai Aerospace Enterprise is canceling orders for five 747-8 freighters, converting the orders to Boeing 777s instead. In August 2010 the company canceled orders for 25 Boeing planes, including 15 787s.
COLUMBIA, S.C. (AP) — An international maker of highway safety products is opening in Barnwell County, creating 25 jobs over two years in a building that once employed more than 300. Sasco Safety announced Tuesday plans to move its manufacturing plant from Alexandria, Egypt, to Barnwell.
WHITE PLAINS, N.Y. (AP) — Drew Industries Inc., which makes components for recreational vehicles and manufactured housing, said Wednesday that its third-quarter net income fell 30 percent as costs for materials and production increased. The White Plains, N.Y.-based company's net income fell to $5.
DES MOINES, Iowa (AP) — Most of the companies that either suspended or reduced their 401(k) matches during the economic downturn have reinstated them, business consultant Towers Watson said in a study released Wednesday. An analysis of 260 mid- to large-sized companies shows that 75 percent of those that took the step to cut costs have restored their match.
NEW YORK, Nov. 1 (Kyodo) — New car sales in the United States in October increased 7.5 percent from a year earlier, but Toyota Motor Corp.'s sales continued to suffer in the aftermath of the March disaster, according to data released Tuesday by a U.S. research firm. Toyota saw its sales fall 7.
NEW YORK (AP) — A fire over the summer at a New York City sewage treatment plant may have been caused by a loose nut. The New York City Department of Environmental Protection released its findings in report on Tuesday. The report says the cause of the four-alarm fire at the North River Wastewater Treatment Plant in Harlem cannot be determined with certainty, but says a nut connected to a fuel injector had been tightened improperly.
BRUSSELS (AP) — It was the end of a long-haul passenger flight from Newark, New Jersey, and the Polish LOT Airlines Boeing 767 was about to land in Warsaw. But the pilots had a problem: The plane's hydraulic system had failed a half-hour into the flight. Now the landing gear would not deploy.
SHANGHAI (AP) — Lenovo Group, one of the world's leading personal computer manufacturers, reported Wednesday that its profit in the first half of the year nearly doubled on strong emerging market sales. Net profit for the half-year period was $252 million, or 2.52 U.S. cents per share, up 92 percent from $131 million a year earlier.
FARGO, N.D. (AP) — A Canadian company has agreed to pay a $6,000 fine and change procedures after the death of a worker in Fargo's industrial park. Authorities say 49-year-old Noren Ellingson suffered a brain injury when a nearly two-ton metal bin fell on him at Buhler Industries on Aug.
SEYMOUR, Ind. (AP) — Cummins Inc. has revealed what it calls the world's most powerful high-speed diesel engine that will be built at one of its southern Indiana factories. Cummins executives showed off the 16-cylinder, 4,000-horsepower QSK95 engine during a ceremony Tuesday at the company's Seymour Engine Plant.
DOVER, Delaware (AP) — New court documents show the founder and former CEO of solar panel maker Solyndra Inc. negotiated a severance package worth almost half a million dollars. Documents the company filed in bankruptcy court in Delaware also show the executive, Chris Gronet, was terminated July 1, almost two months before Solyndra announced he was leaving.
WARSAW, Poland (AP) — A team of Boeing experts from the United States are expected in Poland on Wednesday to help authorities with removing from a runway a jetliner that landed on its belly after its landing gear failed to open, officials said. Heavy fog, meanwhile, grounded planes at several Polish airports even as Warsaw's international airport remained closed following a dramatic emergency landing on Tuesday of a Boeing airliner from the U.
FARGO, N.D. (AP) — Locked-out union workers at American Crystal Sugar Co. have rejected the latest contract offer from the company. Union officials announced Tuesday that 92 percent of union members participated in the secret ballot, and 90 percent voted against the proposal. Union spokesman John Riskey said in a statement that employees want to work, but will not accept a contract that "puts our jobs and the entire community at risk.
NAMPA, Idaho (AP) — The Amalgamated Sugar Co. sugar beet processing plant in Nampa has reached an agreement to cut its nitrogen oxide output to help reduce air pollution in the region around the plant. The sugar maker has a preliminary agreement with the Idaho Department of Environmental Quality to spent $8 million to install nitrogen-oxide burners on three coal and natural gas boilers.
PITTSBURGH (AP) — RTI International Metals Inc., which makes and supplies titanium mill products, said Tuesday that it swung to a third-quarter profit as revenue spiked 40 percent higher. The company, based in Pittsburgh, said demand for titanium remains strong as production increases announced at aircraft makers Boeing and Airbus offset weakness in the defense industry.
DETROIT (AP) — The former chief executive of auto-parts maker Delphi has been ordered to pay $215,000 for misrepresenting a financial transaction with General Motors back in 2000. The decision Monday by Detroit federal Judge Avern Cohn comes months after a jury said J.T. Battenberg III was liable for bookkeeping errors and misrepresentations to accountants.
NEW YORK (AP) — The first two phones to run on AT&T's new high-speed data network will go on sale Sunday. The phones are the HTC Vivid and the Samsung Galaxy S II Skyrocket. Both are big touchscreen smartphones that run Google Inc.'s Android software. They'll cost $200 and $250 respectively, with a two-year service contract requirement.
FRANKFURT, Germany (AP) — Even if Europe dodges a financial meltdown, it may not be able to avoid a recession. The deal European leaders reached last week to defuse the continent's debt crisis was thrown into turmoil Tuesday by the Greek prime minister's surprise move to call a referendum on Greece's latest rescue package.