SHANGHAI (AP) — SAIC-GM-Wuling, a General Motors Co. joint venture, plans to assemble autos in Egypt from kits made in China, competing in the same markets targeted by Chinese domestic car exporters. GM said Tuesday that production at General Motors Egypt from Chevrolet Move vehicle kits produced by SAIC-GM-Wuling would begin by the third quarter of 2012.
NEW YORK (AP) — Metals prices plunged Monday on fears that debt problems in the United States and Europe could slow economic growth. Metals futures fell along with the stock market. The Dow Jones industrial average was down 2 percent when commodities trading ended. Markets plunged on the first day of trading after a 12-member congressional committee indicated that it would likely fail in its attempt to cut the federal budget deficit by $1.
WICHITA, Kan. (AP) — Boeing Co. said Monday that it is studying the future of its defense plant in Wichita, including the possibility of closing it. Boeing spokesman Jarrod Bartlett said in a statement that the study of the Boeing Defense, Space & Security's Maintenance, Modifications and Upgrades facility is part of an initiative to address what he calls "the current defense budget environment.
SHANGHAI (AP) — The investigation into a bullet train crash in China last summer that killed 40 people has come and gone with no public report on what led to the disaster. The secrecy surrounding the probe, which ended in September, is typical of the sensitivities shown toward wider troubles plaguing the showcase high-speed rail program.
CINCINNATI (AP) — GE Aviation says an explosion damaged a building at its plant in a Cincinnati suburb and caused a fire that was put out fairly quickly. There were no injuries. GE Aviation spokesman Rick Kennedy says no one was in the building when the explosion occurred about 4:30 p.
LYSANDER, N.Y. (AP) — Anheuser-Busch says it's expanding canning capacity at its Syracuse-area plant with the help of a $900,000 state economic development grant. The company says it will spend more than $7 million on the expansion at its Lysander facility, increasing the brewery's production by 30 percent.
SPRING HILL, Tenn. (AP) — General Motors says it will begin building its Chevrolet Equinox at a plant in Tennessee next year and plans to begin making a midsized vehicle there in the future. Monday's announcement of the $61 million investment will create nearly 700 jobs at the plant outside Nashville.
One of Delaware's most troubled environmental sites, the abandoned Metachem site, is being considered by state and federal officials for its potential to produce clean energy. The 65-acre site near Delaware City is being paved over to keep chemicals spilled at the plant from continuing to leach into groundwater.
WASHINGTON (AP) — Heralding a rare moment of bipartisan agreement, President Barack Obama signed into law Monday legislation aimed at helping unemployed veterans find work while putting more cash in the hands of companies with government contracts. The legislation, which creates tax breaks for companies that hire jobless veterans, marks the first proposal from Obama's $447 billion jobs bill to be signed into law.
BLACKSBURG, S.C. (AP) — Global Energy Franchise says it is opening a solar panel plant in Cherokee County. The Greenville company announced plans Monday to build solar systems in the former TNS Mills textile plant in Blacksburg. Global Energy will initially employ 81 people at the plant.
WICHITA, Kan. (AP) — The Air Force has notified Hawker Beechcraft Corp. that its Beechcraft AT-6 has been excluded from competition to build a light attack aircraft, a contract worth nearly $1 billion, the company said. The company had hoped to its AT-6, an armed version of its T-6 trainer, would be chosen for the Light Air Support Counter Insurgency aircraft for the Afghanistan National Army Corps.
TOLEDO, Ohio (AP) — This Ohio town that has been churning out Jeeps since World War II, watching its fortunes rise and fall with the well-being of Detroit's automakers, is now finding itself in an enviable position within the car industry. Chrysler and General Motors have promised in recent months to spend more than $800 million on retooling and expanding their factories here.
B y Greg Bluestein, Associated Press ATLANTA (AP) — A Georgia factory worker claims in a federal lawsuit that he was fired after he refused to wear a '666' sticker he feared would doom him to eternal damnation. Billy E. Hyatt claims he was fired from Pliant Corp., a plastics factory in northern Georgia near Dalton, after he refused to wear a sticker proclaiming that his factory had been accident-free for 666 days.
KANSAS CITY, Mo. (AP) — Striking machinists at the Honeywell plant in Kansas City have approved a new contract. The union overwhelmingly ratified a new contract with Honeywell Sunday evening, ending its 42-day walkout. The Kansas City Star reports ( http://bit.ly/tNPoz0 ) that both sides said the contract was essentially the same as one the union rejected Oct.
SALT LAKE CITY (AP) — Microsoft's Bill Gates took the witness stand Monday in a $1 billion antitrust lawsuit accusing the software maker of duping a competitor prior to its rollout of Windows 95. Gates, wearing a gray suit and a yellow tie, was the first witness to testify as Microsoft lawyers presented their case in the trial that's been ongoing in federal court in Salt Lake City for about a month.
BEIJING (AP) — U.S. Commerce Secretary John Bryson said Chinese officials promised foreign technology suppliers equal access to their booming clean energy industry in trade talks amid pressure to revive global growth. Bryson said Monday that Chinese officials told him the country will invest $1.
ARVADA, Colo. (AP) — Countries are lining up to supply a huge global market for solar energy, and it's important for the United States to stay in the game, Energy Secretary Steven Chu said Friday after touring a Colorado solar facility. Chu's comments came a day after hostile questioning by Republicans in Congress over Solyndra Inc.
MONTGOMERY, Ala. (AP) — Some of the Republicans who voted for Alabama's new immigration law are considering changes that they say will make the law easier to understand but won't weaken it. "I made some mistakes in voting for this bill, and I want to step up and fix them," Republican Sen.
PORTLAND, Ore. (AP) — H.J. Heinz Co knows that every penny counts in this economy. The world's biggest ketchup maker's second-quarter profit fell yet narrowly beat expectations on an adjusted basis Friday as it focused on fast-growing emerging markets. But in struggling developed markets such as the U.
SALT LAKE CITY (AP) — A trial accusing Microsoft of antitrust violations resumes in federal court in Salt Lake City with the software giant asking a judge to dismiss the case brought by Utah's Novell Inc. Novell has spent a month arguing that Microsoft was trying to protect its Windows monopoly when it rejected the WordPerfect writing application for the Windows '95 rollout.