SAN FRANCISCO (AP) — Dozens of renewable energy plants being built to meet California's tough global warming laws, including a major Spanish-owned solar plant in the Mojave Desert, are so overpriced they will increase consumers' energy bills for decades, according to the independent watchdog arm of the state's s utility regulator.
NEW YORK (AP) — The tremors from Europe's financial upheaval have reached U.S. shores, rattling consumers and companies. The consequences have been limited so far. Yet the United States and Europe are so closely linked that any slowdown across the Atlantic is felt here. U.S. makers of cars, solar panels, drugs, clothes and computer equipment have all reported effects from Europe's turmoil.
MSC Industrial Direct Co., Inc. (Melville, NY), a leading distributor of safety products and services, is adding more than 500 new items and 33,000 skus to its new 2012 MSC Safety Catalog in response to strong customer demand. “Work accidents can cost our customers billions of dollars per year,” said Anthony Testa, MSC business manager for MRO.
BEIJING (AP) — Bullet trains on China's showcase Beijing-to-Shanghai line that were recalled over safety concerns following a deadly crash on another line will gradually resume service from this week, Chinese state media reported Monday. China's state-owned train maker, China CNR Corp.
TOKYO (AP) — Japan's economy grew for the first time in four quarters in a comeback from the earthquake and tsunami disaster that already faces multiple global headwinds. The world's No. 3 economy expanded at an annualized rate of 6 percent in the July-September period, driven by exports, the Cabinet Office said in a preliminary report Monday.
NASHVILLE, Tenn. (AP) — Each year, people are killed and maimed by explosions of finely powdered wood, metal or chemicals at factories around the country. Safety experts have studied the threat posed by dust at industrial sites for nearly a decade, yet tighter regulations are still years away.
DUBAI, United Arab Emirates (AP) — Airbus on Monday fattened an order for its new A320neo jets and Boeing snagged another customer for the 787 at the Dubai Airshow as Mideast buyers showed they remain bullish despite the uncertain global economy. The deals, which followed a record $18 billion airplane order from Dubai airline Emirates the day before, added ammunition to forecasts from the two major aircraft manufacturers that predicted the region will continue to generate hundreds of billions of dollars in demand for new planes for years to come.
PEORIA, Ill. (AP) — Caterpillar Inc. said Friday that it plans to move some of its manufacturing from Japan to North America, a move that it says will put it closer to its many customers in North America and Europe. Caterpillar, based in Peoria, Ill., hasn't decided where the new plant will be, but it plans to do so by the end of the year.
DETROIT (AP) — Federal safety regulators are investigating problems with the automatic shift levers on several General Motors cars. The probe began with the Saturn Aura midsize car from the 2007 and 2008 model years, affecting nearly 89,000 vehicles. But the National Highway Traffic Safety Administration says on its website that it's looking into the same problem with other GM cars.
NASHVILLE, Tenn. (AP) — The former Goodyear tire plant in Union City has been sold to a maker of off-road equipment tires, officials said Friday. The sale to Titan Tire Corporation is effective immediately, but the purchase price is not being disclosed, Goodyear Tire and Rubber Co.
CUPERTINO, Calif. (AP) — Apple has released a software update to fix a problem that is shortening the battery life of some iPhones, iPads and iPods. Apple has said that a small number of customers have reported lower-than-expected battery life on devices running on the company's iOS 5 operating system.
WASHINGTON (AP) — Federal officials are examining the safety of electric car batteries after a Chevy Volt's lithium-ion battery caught fire. The National Highway Traffic Safety Administration said Friday the fire occurred in June, several weeks after the car had been crashed-tested at an agency facility.
RICHMOND, Va. (AP) — Dominion Virginia Power's North Anna Power Station, the first operating U.S. nuclear plant shut down because of an earthquake, can restart after being offline since the Aug. 23 tremor that shook millions along the East Coast, the U.S. Nuclear Regulatory Commission said Friday.
SAN FRANCISCO (AP) — A recent analysis from IHS iSuppli determined that Amazon's $79 Kindle e-reader, which is the online retailer's cheapest Kindle thus far, costs $84.25 to make. In the report, iSuppli said the total cost of materials for the Kindle is $78.59, including $30.50 for the e-reader's 6-inch E-ink display.
RALEIGH, N.C. (AP) — Aluminum maker and energy company Alcoa Inc. said Thursday that it is making a $50 million promise to create hundreds of jobs for residents along the Yadkin River valley in a few years — but only if officials stop fighting a 50-year federal license to keep operating a series of dams that could generate billions of dollars in electricity sales.
PORTLAND, Ore. (AP) -- Starbucks Corp. hopes to do for juice what it's done for coffee. The Seattle-based company that changed the way Americans drink their cup of Joe said Thursday that it acquired by juice maker Evolution Fresh Inc. for $30 million as part of a larger effort to move beyond just offering coffee.
TOKYO, Nov. 11 (Kyodo) — Having succeeded in building a strong presence in the medical equipment market, Olympus Corp. now faces the challenge of survival and may become a buyout target as its corporate value is being downgraded after admitting it hid past securities investment losses.
BEIJING (AP) — Chinese authorities said Friday that negligence by a ConocoPhillips subsidiary caused recent oil spills in Bohai Bay that have drawn intense criticism from marine authorities and environmentalists. The State Oceanic Administration said in a statement on its website that an investigation found there were shortcomings in ConocoPhillips China's systems and management and that the company failed to take necessary preventive measures after signs of a problem emerged.
TOKYO (AP) — Toyota says its vehicle production in Japan will return to near normal levels Nov. 21-25, and no longer be scaled back for supply shortages due to flooding in Thailand. Toyota Motor Corp. said Friday a decision for the following week is unclear. It said earlier this week production at its Thai plant, stopped from Oct.
HONG KONG (AP) — Caterpillar Inc. said Friday its offer to buy a Chinese maker of mine safety machinery will help it expand in the world's biggest coal-producing country as it modernizes its mines. The proposed deal to buy Hong Kong-based ERA Mining Machinery Ltd. for as much as $886 million would also help Caterpillar expand sales of mining equipment to other countries, said Steve Wunning, who oversees the company's mining equipment business.