WASHINGTON (AP) — Medical device maker Boston Scientific Corp. reported better-than-expected earnings for the second quarter Thursday and announced it would reduce its staff by between 5 and 6 percent to streamline operations. The company announced a global restructuring program to eliminate unnecessary administrative positions and automate some production work.
NEW ORLEANS (AP) — More than two years after unveiling a plan to build a fuel-efficient vehicle in Louisiana, startup automaker Next Autoworks Co. continues to play a long waiting game for federal financing with no end in sight. Touted in 2009 as one of the biggest all-new industrial projects in years, what was first known as V-Vehicle Co.
CLEVELAND (AP) — Goodyear Tire & Rubber Co. reported a 43 percent surge in second-quarter earnings Thursday, helped by a 24 percent revenue increase. But Chairman and CEO Richard J. Kramer expressed caution Thursday about its core North American market, however. "These results will be difficult to repeat in the second half because of increasing raw material cost challenges and uncertain economic conditions," he said.
ALBUQUERQUE, N.M. (AP) — Authorities say an American Airlines worker is dead after an industrial accident at the Albuquerque International Sunport. Albuquerque police and airport authorities say they're investigating Thursday's accident, but didn't immediately release any details.
PEORIA, Ill. (AP) — The U.S. Department of Justice says Caterpillar Inc. has agreed to pay $2.55 million to settle allegations it violated the U.S. Clean Air Act. The department said Thursday that it believes the Peoria, Ill.-based heavy equipment-maker shipped more than 590,000 engines that lacked proper emissions controls.
(Madison, WI & Edison, NJ) – On September 20, 2011 at 11:00 a.m. EST, IET Inspec and Automation Federation, along with support from Newark's element14 engineering community and Interpower will present an interactive webinar entitled; Great Minds on Innovation, Featuring Dean Kamen.
ROCKVILLE, Md. (AP) — Lockheed Martin Corp. said Thursday it won two regional orders for a combined $72 million to help the U.S. government set up new passenger-screening equipment at about 300 airports. The orders from the Transportation Security Administration will cover airports in eastern and central states.
TALLAHASSEE, Fla. (AP) — Florida's jobless workers are facing additional hurdles to qualify for state unemployment compensation. Several new requirements go into effect Monday under a law passed this year to help reduce unemployment taxes paid by businesses. Claimants will be required to contact at least five potential employers or else meet with a state reemployment services representative each week.
WICHITA, Kan. (AP) — Engineers and technical workers at Spirit Aerosystems have voted to reject the company's contract offer. Members of the Society of Professional Engineering Employees in Aerospace voted Thursday on a 9 1/2-year contract proposal. A strike vote was not on the ballot.
YOUNGSTOWN, Ohio (AP) — A jury in Ohio has ruled in favor of Ford Motor Co. in the lawsuit of a former patrol officer severely burned in a crash in one of the automaker's police cruisers. The Vindicator of Youngstown reports the jury reached its verdict Tuesday, denying former Austintown officer Ross Linert's request for monetary damages.
TOKYO (AP) — Japan's industrial production rose for the third straight month in June as the world's No. 3 economy stages a recovery from the March 11 earthquake and tsunami. Factory output climbed 3.9 percent from the previous month and is expected to continue growing in the months ahead.
WASHINGTON (AP) — The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump. The Labor Department said Thursday that weekly applications fell 24,000 to a seasonally adjusted 398,000.
INDIANA, Pa. (AP) — Investigators searched a western Pennsylvania tire plant Thursday, a day after a reported explosion and fire in cold storage area of what a company official said is the oldest tire manufacturing plant in North America. The fire at Specialty Tires of America in Indiana, Pa.
ELLISVILLE, Miss. (AP) — GE Aviation, a unit of the General Electric Co., plans to spend $56 million to build a second manufacturing plant in Mississippi to produce advanced composite components for aircraft engines and systems. GE Aviation plans to employ 250 workers at the new Ellisville plant when full production is achieved around 2018.
DANVILLE, Va. (AP) — Workers at IKEA's only U.S. factory overwhelmingly voted Wednesday to unionize amid complaints they have been paid less, injured more and treated worse than the thousands of Europeans who work for the Swedish furniture giant. The vote among workers at IKEA subsidiary Swedwood Danville was 221-69, according to IKEA and the union that will represent them in collective bargaining, the International Association of Machinists and Aerospace Workers.
CALHOUN, Ga. (AP) — Federal officials are investigating the death of a Georgia maintenance worker who was hit in the head by a heavy machine at a Gordon County industrial plant. Gordon County Deputy Coroner Bo Nicholson says Shin Gyun Kim of Rossville taken by helicopter to a hospital in Chattanooga, Tenn.
With high fuel prices slicing last year's profit in half, Delta Air Lines said 2,000 workers are taking voluntary buyouts, it will cut its fall schedule more than expected and it won't fly routes where it can't make money. Airlines have been raising fares to cover higher fuel bills. Delta's fuel cost rose 36 percent to $2.
DETROIT (AP) — Ford can't make enough Focus cars to keep up with rising demand because of equipment problems that have caused a shortage of dashboards, two people familiar with the situation told The Associated Press. Machinery that makes the skin that covers dashboards at a Ford parts factory outside Detroit works intermittently.
MISUMI USA , Inc., a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc ., has announced the addition of a significant number of frequently ordered components to its distribution center in Elk Grove Village, IL, near Chicago. As the result of increasing demand for certain sizes and styles of many popular MISUMI mechanical and factory automation components, more than 8,700 items have been added to the local stock, effective immediately.
IUKA, Miss. (AP) — Dennen Steel Corp., a contract stamping manufacturer of steel products, has broken ground for construction of a new 50,000-square-foot manufacturing facility in Luka, Miss. The ground-breaking was held Wednesday at the construction site. Chairman and CEO Andrew Dennen said in a statement that the $7.