PEORIA, Ill. (AP) — Caterpillar said Wednesday that its fourth-quarter profit tumbled as its dealer inventories dwindled, the same reason the company expects sales and revenue to rebound this year. Leading the way will be China and other developing countries where the world's biggest mining and construction equipment company has seen an increasing share of its business go.
INDIANAPOLIS (AP) — Union workers are joining with environmentalists in calling on state lawmakers to pass legislation they say would bring new "green" manufacturing jobs to Indiana. Members of the Blue Green Alliance held a news conference Tuesday at the Statehouse to urge state lawmakers to pass legislation requiring that the state get a certain percentage of its electricity from renewable sources.
MINNEAPOLIS (AP) — Boeing is giving a cautious outlook for 2010 after dealing with program delays and declining orders in 2009. The airplane maker and defense contractor expects to earn $3.70 to $4 per share. Wall Street analysts were expecting $4.26. Boeing says the guidance accounts for lower production of its 777 aircraft, some smaller defense programs, and "market risks.
TOKYO (AP) — The faulty gas pedals that prompted Toyota to suspend U.S. sales of eight of its most popular models — including the Camry, America's best-selling car — are also in its vehicles sold in Europe, an official with the automaker said Wednesday. Toyota Motor Corp.
NEW YORK (AP) — Toyota's suspension of U.S. sales on an unprecedented scale to fix faulty gas pedals deals a blow to the automaker's reputation for quality and endangers its fledgling earnings recovery. The suspect parts are made by a U.S. supplier, but they are also found in its European-made vehicles, an official with the automaker said Wednesday.
FULTON, Miss. (AP) — Federal labor officials are recommending that three Mueller Industries subsidiaries in Mississippi pay $638,000 in fines for allegedly exposing employees to unsafe working conditions. The U.S. Department of Labor's Occupational Safety and Health Administration cited the companies in Fulton for 128 alleged violations.
OSHKOSH, Wis. (AP) — The defense arm of Oshkosh Corp. has received two hefty military orders for spare parts and repair kits for its new class of mine-resistant trucks. Oshkosh Defense said Monday the deals with the U.S. Army are worth more than $325 million. The parts are for M-ATVs, which are all-terrain military vehicles that are specially designed for the rougher terrain of Afghani battlefields.
CHARLESTON, W.Va. (AP) — The U.S. Chemical Safety Board says a four-member team of investigators is heading to DuPont's idled chemical plant in Belle. The board says it expects the team to be on site Tuesday to start investigating a series of leaks that resulted in the death of one worker and the operation's temporary shutdown over the weekend.
DETROIT (AP) — General Motors Corp. is back in the electric motor business. The automaker said Tuesday that starting in 2013, it plans to build its own electric motors for hybrid and electric vehicles. GM has been getting electric motors for those vehicles from suppliers, but wants to make the motors in-house in order to lower costs and improve quality and reliability.
PARIS (AP) — A group of U.S. employees at French food services giant Sodexo on Monday demanded workplace protections in North America similar to those their colleagues in France enjoy. Their tactics were viewed with curiosity in France, where it is more common to see French labor unions pressing for more rights from big American employers.
DETROIT (AP) — A person briefed on the matter says Ford Motor Co. will add 1,200 jobs at its Chicago assembly plant to build the new Ford Explorer starting later this year. The company and Illinois Gov. Pat Quinn are scheduled to make the announcement on Tuesday at the factory. Quinn told reporters in Chicago on Monday that an unspecified company would be announcing 1,200 new jobs in Illinois.
CHARLESTON, W.Va. (AP) — State and county officials say DuPont is planning safety checks that are expected to temporarily idle most manufacturing at its Belle chemical plant. Kanawha County Commission President Kent Carper and a spokesman for Gov. Joe Manchin confirmed DuPont's plans Saturday afternoon.
SADDLE BROOK, N.J. (AP) — People have walked to the altar dressed in it, protected their garden plants with it, even put it on display at highbrow art museums. Mostly, they like the sound it makes when they destroy it, piece by piece, which largely explains the appeal of Bubble Wrap, the stress reducer disguised as package cushioning that maintains an inexplicable hold on pop culture.
BEIJING (AP) — Melamine-tainted dairy products were pulled from convenience store shelves in southern China more than a year after hundreds of thousands of children had been sickened in a massive milk safety scandal, a government spokeswoman said Monday. The announcement calls into question the effectiveness of a crackdown launched by Chinese officials to improve product safety after a number of scandals, including the contamination of baby formula in 2008 and the recent discovery of the toxic metal cadmium in cheap jewelry.
TWINSBURG, Ohio (AP) — Union leaders say Chrysler's stamping plant in Ohio will stay open until June 26, three months longer than the company had planned. Doug Rice, president of the United Auto Workers Local 122, said Friday that Chrysler wanted to build up a bank of parts and then close the plant in March, but rising steel prices delayed those plans.
CENTRAL ISLIP, N.Y. (AP) -- A federal jury is hearing the case of two former top executives of the nation's leading supplier of body armor to the U.S. military. They're charged with insider trading, fraud and tax evasion in an alleged $185 million scheme. Opening statements were scheduled Monday in Central Islip (EYE'-slihp), N.
BURRILLVILLE, R.I. (AP) — A Rhode Island meat company recalled 1.24 million pounds of pepper-coated salami on Saturday, after officials conducting a months-long, multistate investigation of a salmonella outbreak compared shopping receipts of those who got sick. The recall by Daniele International Inc.
GREAT FALLS, Mont. (AP) — Concerned about the graying of its work force, three Billings area oil refineries persuaded MSU-Billings College of Technology to create a two-year program in process-plant technology. Almost 50 students are starting the concentrated, two-year program this semester, hoping to take advantage of median Montana wages of $51,200 in the industry.
SPRINGFIELD, Mass. (AP) — A top Smith & Wesson executive is among 22 people accused of trying to bribe an African government to get part of a multimillion-dollar deal to outfit its presidential guard. Amaro Goncalves, 49, vice president of sales for the Springfield-based gunmaker, and the other defendants were arrested Monday in Las Vegas while attending a trade show.
MILWAUKEE (AP) — Harley-Davidson Inc. on Friday reported a fourth-quarter loss, its first quarterly deficit in 16 years, as restructuring costs and the sluggish economy wore on the motorcycle maker. Harley-Davidson has spent the last year reorganizing its business to cope with falling demand of its high-end bikes.