Thermo Fisher Scientific will spend $13.6 billion to buy genetic testing equipment maker Life Technologies in a cash deal that will create a giant company serving research and specialty diagnostics. That price does not count $2.2 billion in debt that will be assumed as part of the deal.
Huston Wyeth of St. Joseph, Mo., submitted his company’s 1936 reciprocating air compressor and won a new Garage Mate Single-Stage Air Compressor. Floyd Hudson of Montoursville, Pa., entered his great-grandfather’s air hammer from the 1930s and won a new cordless drill.
Federal authorities say they've settled the last piece of claims against General Motors Co. for pollution in central New York's Onondaga Lake. U.S. Attorney Preet Bharara says the $5.5 million agreement was reached this week in U.S. Bankruptcy Court with the trust handling the affairs of the automotive company, which filed for Chapter 11 protection in 2009.
Pratt & Whitney's military program likely will take a dip as the company transitions from the legacy military engines it's known for making, but engine orders will pick up in a few years with an increase in production of joint strike fighter engines, the company's president said Thursday.
A metal fabrication company says it is coming to South Carolina's Anderson County and will hire nearly 150 workers. SMF Inc. plans to spend nearly $6 million putting its new plant in an existing building, opening in July. The company hopes to have 146 employees working in the plant by 2018.
The maker of the BlackBerry said Friday that it wants U.S. and Canadian regulators to investigate a "false and misleading" report by a financial analyst that claims the company's new smartphone is being returned in unusually high numbers.
The United States on Friday approved Japan's entry into negotiations on the Trans-Pacific Partnership, a critical step for Tokyo's inclusion in a regional trade pact that underpins the Obama administration's efforts to boost exports to Asia.
A former BP engineer charged with deleting text messages about the company's response to its 2010 oil spill in the Gulf of Mexico claims federal prosecutors have tacked on "farcical" allegations that he also deleted dozens of voicemails to stymie a grand jury probe of the disaster.
Defense contractor General Dynamics Corp. is laying off more than 100 workers at its gun manufacturing plant in Saco. Spokesman Karl Johnson says 110 workers representing nearly a third of the plant's work force have been notified that they'll be let go between June 14 and July 1.
Nissan Motor Co. will raise pay for its employees in Mississippi and Tennessee. The company has told its employees it will increase their wages starting in October at its Canton, Miss., and Smyrna, Tenn., assembly plants, as well as its Decherd, Tenn., engine plant.
German Chancellor Angela Merkel has welcomed General Motors' decision to invest another 4 billion euros ($5.3 billion) in European subsidiary Opel by 2016 as part of an attempt to turn the money-losing division around. Merkel met with GM Chairman and CEO Dan Akerson and other company officials Thursday in Berlin.
Drug maker Bristol-Myers Squibb Co. has announced a $250 million expansion of its central Massachusetts manufacturing complex that will eventually employ an additional 350 workers. The expansion announced Thursday will add space for developing biotechnology drugs, called biologics, and for manufacturing those products for clinical trials.
The results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook (EO-123) indicate improvement, albeit marginal, from the previous report, and imply that the manufacturing sector is holding its own in uncertain economic times.
The National Center for Defense Manufacturing and Machining and the MTConnect Institute announced the start of the first phase of the MTConnect Challenge: Creating Manufacturing Intelligence, a competition that seeks to engage and stimulate development of advanced manufacturing intelligence applications that utilize the MTConnect standard.
Six automakers including Toyota, Honda and Nissan, are recalling nearly 3.4 million older-model vehicles worldwide in a massive effort to fix defective air bags made by the same parts company. The recall mainly affects cars sold by Japanese automakers in North America, Europe and Japan. A small number of cars made by Germany's BMW AG and General Motors Co. and also involved.