DETROIT (AP) — General Motors Co. is likely to file paperwork next week that describes its plan to sell shares to the public, a person familiar with the matter said Friday. The Detroit automaker had planned to file the papers on Friday but delayed the move to build distance between the filing and two major announcements it made on Thursday, said the person, who asked not to be identified because the company is not commenting publicly on the stock sale.
CINCINNATI (AP) — Consumer products makers Procter & Gamble Co. said Thursday that it will use a plastic derived from sugarcane in the packaging of some of its products. P&G said the material will be used for Pantene Pro-V, Covergirl, and Max Factor products. The plastic is made from a process that converts sugarcane into high-density polyethylene.
HUTCHINSON, Kan. (AP) — Hutchinson police say a 30-year-old man died when a part from a boiler fell on him. The man, whose name was not released, died Thursday night at Superior Boiler Works. Police Sgt. Eric Buller says the employee was working alone in area of the plant when the accident occurred.
DETROIT (AP) — In a signal moment for the turnaround of the American auto industry, General Motors is edging toward a public stock sale, and its profits are now solid enough that the demanding CEO will step aside, saying his work is done. GM said Thursday that it made $1.3 billion from April through June, its second straight quarter in the black and a complete reversal from last year, when it was forced into bankruptcy and the U.
WASHINGTON (AP) — Hewlett-Packard Co. said Thursday it is cooperating with U.S. and German authorities investigating allegations that three company executives used bribes to win a contract to sell computer gear to the Russian prosecutors' office. German prosecutors have been looking into whether the executives, plus at least six accomplices who did not work for the company, paid bribes totaling 8 million euros (about $10.
DENVER (AP) — A draft report on a tunnel fire that killed five workers at a Colorado hydroelectric plant accuses Xcel Energy Inc. and contractor RPI Coating Inc. of ignoring worker safety. The draft says that a lack of planning for hazardous work and inadequate contractor selection were among problems that contributed to the accident Oct.
WASHINGTON (AP) — A bipartisan group of senators said Thursday they have reached agreement on legislation designed to enhance the safety of the nation's food supply, setting the stage for the full Senate to take up the measure later this year. The bill would give the Food and Drug Administration the power to order a food recall rather than merely request one.
Douglas K. Woods, AMT president June U.S. manufacturing technology consumption totaled $241.47 million, according to AMT — The Association For Manufacturing Technology — and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was up 35.
SACRAMENTO, Calif. (AP) — The Texas-based oil companies that are the primary backers of a November ballot effort to suspend California's global warming law are among the state's biggest polluters, according to a report issued Tuesday by two groups advocating for inner-city residents. Valero Energy Corp.
HUNTINGTON, Ind. (AP) — Officials say an auto parts company plans to reopen a closed factory in northeastern Indiana while it is shutting down an Ohio plant. The Journal Gazette of Fort Wayne reports that Continental Structural Plastics expects to spend at least $9.1 million on upgrades to the Huntington factory and perhaps have 350 workers there by 2012.
WASHINGTON (AP) — A government investigation into runaway Toyotas has found no new safety defects beyond problems with accelerator pedals that explain reports of sudden acceleration in the vehicles, according to preliminary findings released Tuesday. Safety experts have said vehicle electronic systems could be to blame for the problems that have led to Toyota's massive recalls but the review by the government, while still at an early stage, has not found any evidence of those issues.
BEIJING (AP) — China's industrial growth slowed further in July as Beijing clamped down on a credit boom, fueling expectations it will ease monetary policy to shore up its economic expansion. Inflation spiked to its highest level this year as summer flooding wrecked crops but analysts said the increase will likely prove temporary.
WASHINGTON (AP) — The White House says President Barack Obama will sign a bill on Wednesday that will help U.S. manufacturers by reducing and suspending some tariffs on certain materials they must import to make their products. Obama is scheduled to sign the bill at the White House. The National Association of Manufacturers says it will help create jobs, cut costs for businesses and consumers and boost U.
MANCHESTER, Conn. (AP) — The president of a Connecticut beer distributor where nine people died in a shooting rampage last week says the company will be reopening after a moment of silence. Hartford Distributors Inc. President Ross Hollander says employees will return to work at the company's offices and warehouse in Manchester Wednesday morning.
HOUSTON (AP) — BP illegally emitted nearly 500,000 pounds of toxic air pollutants at its Texas City refinery during a 41-day period this spring, the state attorney general contends in a lawsuit. According to the lawsuit filed Monday in state district court in Austin, BP's poor operation and maintenance for those days in April and May were the primary cause of the toxic emissions of cancer-causing benzene, carbon monoxide and nitrogen oxides.
PONTOTOC, Miss. (AP) — A company that makes reclining furniture broke ground Monday for a plantexpansion in northeast Mississippi. Southern Motion said it's investing $7 million in its new 180,000-square-foot production facility in Pontotoc. The company said it will create at least 200 new jobs over the next two years, with the potential to double that number within five years.
TOKYO (AP) — Toyota has cut 600 workers at its Japanese factories, the company said Tuesday, as it prepares for a drop in local sales when incentives for green cars run out next month. Toyota Motor Corp. employed a total of 2,400 contract workers at the end of 2010, it said. Contract workers are hired under different terms from other employees at Toyota, mainly to make it easier to increase or cut the numbers of workers in response to fluctuating demand for cars.
MUMBAI, India (AP) — India's Tata Motors posted quarterly profit of 19.9 billion rupees ($428.4 million) Tuesday, turning around a loss as reviving global demand for its Jaguar and Land Rover brands made up for rising commodities costs. The company returned to profitability on a consolidated basis for the April to June quarter from a loss of 3.
SAN FRANCISCO (AP) — Whatever Mark Hurd did that cost him his job as CEO of Hewlett-Packard, the world's largest technology company, it wasn't enough to cost him a payday that could top $40 million. Meanwhile, with little still known about why an actress and HP contractor threatened Hurd with a sexual-harassment lawsuit, stockholders took a $9 billion hit Monday, and HP's 300,000 workers were left to wonder about its future.
HONOLULU (AP) — A former B-2 bomber engineer who marketed and sold his stealth expertise to China is facing life in a federal prison following his conviction for bartering U.S. military secrets. Noshir Gowadia, 66, was found guilty Monday on charges that he designed a cruise missile component for China and pocketed at least $110,000, which he allegedly used to help pay a $15,000-a-month mortgage on a multimillion-dollar oceanview home he built on Maui's north shore.