PHOENIX (AP) — Two Phoenix-area manufacturers could pick up as much as $42 million in new military body-armor plate orders from the U.S. Department of Defense. The Pentagon announced this week it will buy hard-armor plates that fit inside soldiers' vests from Chandler-based ArmorWorks Enterprises and Rockville, Md.
WASHINGTON (AP) — The pharmaceutical industry may have to cough up more than the $80 billion it agreed to contribute to President Barack Obama's health overhaul effort, reflecting pressure from Democrats and their supporters for more money to cover older and low-income people. Obama and congressional Democrats want the drug industry to remain a crucial ally in the health care fight because of its deep pockets and influence in states where it is a large employer, including New York, New Jersey, Connecticut and Indiana.
FRESNO, Calif. (AP) — A company based in California is recalling some of its beef products because of concerns about possible salmonella contamination. The U.S. Department of Agriculture's Food Safety and Inspection Service says Fresno-based Beef Packers Inc. is pulling about 22,723 pounds of ground beef that may be linked to salmonellosis.
MUMBAI, India (AP) — At about two feet tall, it may turn out to be the world's most compact revolution: The Tata Swach, launched Monday, is a water purifier priced for the masses, which India's Tata Group hopes will help save the lives of millions of people who die each year of waterborne diseases.
NEW YORK (AP) — Biotechnology company Celgene Corp. said Monday it will buy privately held Gloucester Pharmaceuticals Inc. for $640 million, getting access to key cancer drugs. The deal includes $340 million in cash upfront and $300 million in future regulatory milestone payments. Gloucester, headquartered in Cambridge, Mass.
LOS ANGELES (AP) — After five years of secret construction, the cloak is coming off a privately funded spacecraft designed to fly well-heeled tourists into space. The long-awaited glimpse of SpaceShipTwo, slated for rollout Monday in the Mojave Desert, could not come sooner for the scores of wannabe astronauts who have forked over part of their disposable income for the chance to float in zero gravity.
SAN JOSE, Calif. (AP) — Cisco Systems Inc. said Friday it now has enough shares and shareholder commitments to take over Norway's Tandberg ASA, the world's largest videoconferencing equipment maker. Cisco had said Thursday that stockholders representing only 89 percent of the shares had accepted its $3.
LONDON (AP) — Northfield, Ill.-based Kraft Foods Inc. says it's taken its $16.3 billion (9.8 billion pound) hostile share-and-cash offer for Cadbury PLC straight to the British company's shareholders. The terms released Friday are broadly unchanged from last month's bid. Cadbury has two weeks to respond.
WASHINGTON (AP) — President Barack Obama's options for spurring job growth may be limited by out-of-control budget deficits, but with the unemployment rate hovering at 10 percent he is warming to moves by his congressional allies for a jobs-boosting bill. Obama got some encouraging news Friday, with the government reporting that job losses in November fell to the smallest number since the recession's start and the jobless rate dropped, from 10.
DETROIT (AP) — General Motors Co. Chairman Ed Whitacre Jr. said Friday he is putting engineering chief Mark Reuss in charge of GM's North American operations in a management shakeup. Whitacre, in an address to employees Friday, also said he is recombining sales and marketing, placing them under Susan Docherty.
DETROIT (AP) — General Motors Co. is set to announce another round of management changes at the troubled automaker that include new responsibilities for Vice Chairman Bob Lutz, two people briefed on the matter said Friday. Chairman and interim CEO Ed Whitacre Jr. will make the announcement in a video broadcast to company employees, the people said.
TOKYO (AP) — The big danger for Toyota isn't the cost of the massive U.S. recall to replace gas pedals, but instead shrinking income from the surging yen, a top executive said Friday. Toyota Motor Corp. Executive Vice President Yukitoshi Funo acknowledged the cost was considerable for replacing gas pedals on about 4 million vehicles to prevent a problem of floor mats getting stuck and possibly causing sudden acceleration.
LONDON (AP) — Britain's Corus, Europe's second-largest steel producer and a subsidiary of India's Tata Steel, said Friday it will lay off 1,700 workers in northeast England in January because a major customer has broken a contract. Corus said a consortium of four companies has ended a 10-year contract signed in 2004 to buy about 80 percent of the output from Redcar Blast Furnace, Lackenby steelmaking and the South Bank Coke Ovens.
LOS ANGELES, Dec. 3 /PRNewswire-FirstCall/ -- Fiesta Movement agents and their Twitter friends gathered at the Palladium in West Hollywood Tuesday night and set a new Guinness World Record for the "most attendees at a tweetup" Ford's Fiesta Movement Awards Celebration provided attendees with a sneak peek of the North American Fiesta in advance of its reveal at the Los Angeles Auto Show Fiesta Movement agents have traveled more than 1.
December 2, 2009 DEARBORN, Mich. (AP) — Ford Motor Co.'s big U.S. gamble on small cars begins Wednesday when it formally unveils American versions of the new Fiesta subcompact at the Los Angeles Auto Show. Ford is hoping that the Fiesta and the U.S. version of the European Focus will take sales from the competition as the market shifts toward well-appointed smaller, more efficient vehicles.