Alcoa Inc. and South Carolina's state-owned utility have agreed to continue talks on a new power contract for the company's aluminum plant outside Goose Creek. Alcoa and Santee Cooper said Thursday they have agreed to extend the company's power contract deadline until the end of the year.
The Dell board is standing behind a buyout offer from the company's CEO and founder, and has asked shareholders of the slumping PC maker to approve the deal in a July 18 vote. The company's announcement Friday is the latest volley in a battle with prominent shareholders over the company's future and Michael Dell's role in it.
Singapore Airlines said Thursday that it ordered 60 new planes from Boeing and Airbus that carry a combined list price of more than $17 billion. The orders were evenly split — 30 planes from U.S.-based Boeing and 30 from Europe's Airbus. Airlines typically get deep discounts on planes, and Singapore did not say how much it will pay the manufacturers.
Electric car maker Tesla Motors Inc. promises to boost the number of fast-charging stations in the U.S. and Canada to make cross-country travel by electric car possible in the next year. The company said it will triple the number of charging stations it runs from the current eight, and the number will go to around 100 in the coming year, putting stations within reach of almost the entire populations of both countries.
ArcelorMittal, the world's largest steelmaker, said Thursday that it has completed the sale of a 15 percent stake in one of its Canadian iron ore operations to an Asian-led consortium for $1.1 billion in cash. A group led by South Korean steelmaker POSCO and China Steel Corp. had entered into a joint venture that owns ArcelorMittal iron ore mining and infrastructure assets in Quebec. The deal was originally announced in January.
Home to the creators of Skype and the first country to use online voting, Estonia relishes its image as a technological pioneer. But the tiny East European country's most far-reaching economic achievement could come from how it has learned to squeeze oil from a rock.
The Chevrolet Malibu, an also-ran in the popular midsize car segment, shows off a quick makeover Friday that is expected to address criticism of its bland styling and so-so performance. General Motors will unveil the updates at a press event in Detroit. Experts are expecting to see a more modern-looking car, with some additional legroom in the back seat.
Unemployment across the 17 EU countries that use the euro hit another record high in April — and appears to be on course to hit 20 million this year in what would be another gloomy landmark for the currency bloc. Eurostat, the European Union's statistics office, said Friday that the unemployment rate rose to 12.2 percent in April from the previous record of 12.1 percent the month before.
Inside a sealed building in Boeing's Everett widebody-jet assembly plant, two robotic machines glide along tracks on either side of a 106-foot 777 wing laid flat, their heads reaching out like animatronic dinosaurs nibbling at the giant wing.
Cellphone pioneer Motorola says it's opening a manufacturing facility that will produce the first smartphone ever assembled in the U.S. — its new flagship device, Moto X. The Texas site was once used by fellow phone manufacturer Nokia, meaning it was designed to produce mobile devices, said Will Moss, a spokesman for Motorola Mobility, which is owned by Google.
Tri-City native Jerod Shelby is building a factory in West Richland for his SSC North America company that makes cars that can speed hundreds of miles per hour and sell for hundreds of thousands of dollars. Shelby broke ground Tuesday on the $5 million project, which will include a research and development section and museum, The Tri-City Herald reported. It could employ more than 50 people.
Democratic state lawmakers have asked Republican Gov. Dennis Daugaard for information on the state's $5 million contract with a national recruiting firm that was hired to find new workers for hard-to-fill jobs in the state. The Democrats want information about the program's expense, the contract with ManpowerGroup, the number and type of jobs filled, and the wages paid for those jobs.
Auto companies are hoping lower lease prices can put a charge into sluggish sales of electric cars. Honda announced Thursday that it's slashing the monthly lease cost of its tiny Fit EV by one third, following similar moves by other automakers. Honda also is throwing in other goodies, such as a free home charging station and unlimited mileage.
The Kohler Co. expects to begin construction later this summer to expand its generator manufacturing plant in eastern Wisconsin. Increased demand for standby power generators from residential and industrial customers in North America is driving the 80,000-square-foot expansion at its plant in the Town of Mosel, Kohler officials said. The cost of the expansion was not disclosed.
Brooks Instrument, a world-leading provider of advanced flow, pressure, vacuum, level and vapor delivery solutions, has opened a new sales office in Al-Khobar, Saudi Arabia, to support its expanding customer base in the Middle East. The new facility, which officially opened March 9, offers the full line of Brooks products with a focus on thermal mass flow and variable area flow instrumentation.