BOSTON (AP) — Federal agents on Monday searched and removed materials from a suburban Boston home owned by a missile systems expert who worked for the U.S. defense contractor Raytheon. The home is owned by Richard M. Lloyd, the former Raytheon Co. employee, and Lori Lloyd, public records show.
PITTSBURGH (AP) — U.S. Steel said Tuesday it continues to lose money because demand for its products remains weak due to the uneven global economic recovery. The Pittsburgh manufacturing giant reported a third-quarter loss of $51 million. In late July the company was predicting a profit for the quarter, but it tempered that outlook as the period progressed.
ROME (AP) — Fiat CEO Sergio Marchionne says the tradition-laden Italian automaker would be better off without Italy and its balky unions, provoking an angry reaction Monday from some labor and government officials. Fiat has been in tense negotiations with unions over its plan to shut down a factory in Sicily next year.
TOKYO (AP) — The leaders of India and Japan signed a sweeping agreement Monday to boost trade and agreed to speed up talks toward a civilian nuclear energy deal — despite sensitivity in Japan over India's past atomic test blasts. Prime Minister Naoto Kan called the conclusion of nearly 4-year negotiations on the economic partnership agreement a "historic achievement.
TOKYO (AP) — Toyota's global production fell in September for the first time in a year, while rivals Honda and Nissan increased output thanks to strong demand in China. Toyota Motor Corp. said Monday its worldwide production dropped 1.3 percent to 672,604 vehicles, marking the first year-on-year decrease in 12 months.
DEARBORN, Mich. (AP) — Ford Motor Co. is set to report its third-quarter earnings before the market opens on Tuesday. WHAT TO WATCH FOR: Ford is expected to report its sixth straight quarterly profit. The Dearborn, Mich., automaker has made the biggest U.S. market share gains of any automaker this year.
PORTLAND, Ore. (AP) — The new planned Intel Corp. research facility in Hillsboro will provide jobs to hard-hit sectors of Oregon's labor force at a time when they are direly needed. The Oregonian reports construction workers, carpenters and engineers can expect to see new jobs in the Portland metro area — good news with Oregon's 10.
CLEVELAND (AP) — A judge has set bond at $3 million for a man accused of gunning down two people at an Ohio manufacturing plant. Wearing handcuffs and assisted by a translator, 50-year-old Pedro Rodriguez appeared in Cleveland Municipal Court Monday. He's charged with two counts of aggravated murder in Friday's shooting at ParkOhio Products Inc.
by Stephen Singer, AP Business Writer HARTFORD, Connecticut (AP) — A continuing battle between jet engine maker Pratt & Whitney and the machinists union over jobs now moves to the bargaining table. The subsidiary of United Technologies Corp. and the union begin negotiations Tuesday for a contract to replace a three-year agreement that expires Dec.
STURTEVANT, Wis. (AP) — An Italian paper and packaging company is opening its first North American headquarters in Racine with a promise to create 189 new jobs. The Journal Times in Racine reports Thursday that Seda International Packaging Group says it will invest $76 million in its Racine operation.
BEIJING (AP) — Rumors on the Web that a major Chinese dairy company's baby formula might harm infants played on the worst fears of jittery parents after a string of scandals over tainted milk. This week, China's biggest milk producer, Mengniu, announced that the rumors targeting rival dairy Yili in July were manufactured by a Mengniu manager in what it said was a bizarre plot to boost his sales.
MORRISTOWN, N.J. (AP) — Honeywell International Inc. says third-quarter net income fell 18 percent because of a charge for pension expenses. But the technology and manufacturing company beat Wall Street estimates and it boosted its earnings forecast for the year. The company says revenue grew 9 percent, to $8.
LOS ANGELES (AP) — A Southern California company and two of its executives were indicted Thursday on conspiracy charges, accused of bribing government officials at Mexico's state-owned utility in exchange for obtaining lucrative contracts. Keith Lindsey, president of Lindsey Manufacturing Co.
PEORIA, Ill. (AP) — Caterpillar Inc. said Friday it is buying a German engine maker, MWM Holding GmbH, from private-equity firm 3i for 580 million euros, or about $810 million, in cash. Caterpillar, the world's largest maker of construction and mining equipment, said the deal will help it significantly expand options for customers of its electric power division.
The Food and Drug Administration is looking into a produce contamination case linked to a shuttered Texas processing plant and may decide to expand a recall, an agency official told The Associated Press. Texas health officials shut down the SanGar Produce & Processing Co. plant in San Antonio and ordered a recall of all of the produce that had passed through the plant since January.