DETROIT (AP) — The United Auto Workers union wants a bigger share of Detroit's newfound profits while the car companies hope to cut labor costs in contract talks that begin Monday. Workers agreed to give up pay raises and benefits to keep the companies in business as they headed for financial trouble starting four years ago.
NEW YORK (AP) — An energy research group predicted that an increase in drilling activity in the Gulf of Mexico could create 230,000 jobs and add $44 billion to the U.S. economy next year. IHS on Thursday said that the U.S. would produce more jobs, more tax revenue and another 411,000 barrels of oil per day if the industry was allowed to operate at full speed in the Gulf.
FARRELL, Pa. (AP) — The driver of a tanker truck was burned and another worker was treated for cuts after an explosion at a rolled metal plant in western Pennsylvania. An official with Duferco Farrell Corp. has confirmed the injuries for The Associated Press, but says another official will release more information later in the day.
TOKYO, July 25 (Kyodo) — Honda Motor Co. said Monday it will recall a combined 50,122 units in the Stream minivan, the Civic sedan and the Crossroad sport utility vehicle to repair their bolts that fix the water pump pulley to the engine, free of charge. In a report filed with the Ministry of Land, Infrastructure, Transport and Tourism, Honda said the engines of the vehicles, made between July 2008 and July 2010, may stall due to the defect.
TOKYO (AP) — Japan's automakers reported mixed vehicle production figures Monday as the industry works toward recovery from the March 11 earthquake and tsunami. Some, such as Nissan, are doing considerably better than others. Nissan Motor Co. made 419,831 vehicles worldwide in June, up 18.
RICHMOND, Virginia (AP) — The union attempting to represent workers at IKEA's only U.S. plant is challenging the Swedish furniture giant's vaunted corporate ethos, accusing the retailer of paying its American workers low wages and tolerating unsafe working conditions. Approximately 320 workers at IKEA's Swedwood Danville plant will vote Wednesday whether to join the International Association of Machinists and Aerospace Workers.
CHATTANOOGA, Tennessee (AP) — Nissan will build motors for the electric Leaf at its engine plant in Decherd, Tennessee, starting in early 2013 as the automaker expands production. The plant will be able to make up to 150,000 electric motors a year. It currently makes engines and components for Nissan vehicles built in North America, and also houses engine casting and forging operations.
LIBBY, Mont. (AP) — The Montana Community Development Corporation has announced $17 million in financing to allow Stinger Welding to complete a fabrication plant that will bring at least 100 more jobs to Libby. Stinger Welding, a fabricator of steel bridge components, has 43 employees in Libby.
Copper prices are falling on more signs of a manufacturing slowdown in China and Europe. Copper for September delivery fell 5.25 cents to settle at $4.3835 a pound, its second day of losses. Other commodities were mixed as investors monitored debt negotiations in Europe and the United States.
CHAMPAIGN, Ill. (AP) — Illinois' unemployment rate edged up again in June, but the experts say that likely means something you already knew: The economic recovery isn't going nearly as fast as the state needs it to. Statewide unemployment rose to 9.2 percent in June, up from 8.
COLUMBUS, Ohio (AP) — Ohio voters will get to decide in November whether to repeal the state's new collective bargaining law, which would let public worker unions negotiate wages but not health care, sick time or pension benefits. The state's elections chief said Thursday that opponents had gathered enough valid signatures to put the question before voters.
HOUSTON (AP) — How America gets people and stuff into orbit is about to be outsourced in an out-of-this-world way. With the space shuttle's retirement Thursday, no longer will flying people and cargo up to the International Space Station be a government program where costs balloon.
LOUISVILLE, Ky. (AP) — A worker at a Louisville plant has been injured in a chemical spill. Lake Dreamland Fire Department Chief John Wilkinson says three employees came in contact with toluene at the American Synthetic Rubber Company and one was taken to the hospital because it got into his eye.
LANSING, Mich. (AP) — Michigan's unemployment rate rose again in June, this time to 10.5 percent, its highest rate since January. The seasonally adjusted figures released Wednesday by the Department of Technology, Management and Budget show an increase of 0.2 percentage points since May.
CHARLESTON, S.C. (AP) — South Carolina U.S. Rep. Tim Scott has introduced legislation in Congress to prevent the National Labor Relations Board from closing down plants or ordering companies to transfer employment. Scott's measure comes in light of the NLRB suit against Boeing, which last month opened its $750 million assembly plant in North Charleston.
LITTLE ROCK, Ark. (AP) — A former worker is seeking class status for a lawsuit against Yarnell's Ice Cream, claiming the Searcy company didn't give workers the required 60-day notice that the plant would close. The family-owned company, in business for more than 75 years, abruptly closed its doors on June 30, saying it couldn't get financing to continue operating.
Caterpillar's second-quarter profit grew 44 percent and with strong demand for its heavy equipment, the company bumped up its outlook for the entire year Friday. But profits fell just shy of Wall Street estimates and shares tumbled 6 percent in premarket trading. The Peoria, Illinois, company said it generated $1.
WASHINGTON (AP) — The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government's 98,000 shares.
KINSTON, N.C. (AP) — A company that manufactures large aircraft sections is expanding production at its North Carolina factory, adding work that could mean up to 200 additional jobs within five years. Spirit AeroSystems Inc. said Wednesday that it will move wing production for Gulfstream trans-continental business jets from its Tulsa, Okla.
DECATUR, Ala. (AP) — An international company that makes high performance plastic films has decided to open a new $185 million manufacturing plant in Decatur. Alabama Gov. Robert Bentley and Polyplex Corp. chairman Sanjiv Saraf announced Wednesday in Decatur that the new plant would create 150 new jobs.