BEIJING (AP) — The leaders of the world's largest emerging economies gather this week in southern China for what could be a watershed moment in their quest for a bigger say in the global financial architecture. Thursday's summit comes at a crucial moment for the expanded five-member bloc known as the BRICS, which groups Brazil, Russia, India, China, and, for the first time, South Africa.
SAN JOSE, Calif. (AP) — Xerox Corp. awarded CEO Ursula Burns a compensation package last year that the company valued at $10.6 million, a 7 percent increase from the year before as Burns assumed the title of chairwoman and orchestrated the printer and copier maker's deeper push into technology services.
LAFAYETTE, Ind. (AP) — Subaru of America is halting production on one of its Lafayette plant's production lines for four days due to a parts shortage caused by Japan's devastating earthquake and tsunami. Subaru spokeswoman Jennifer McGarvey tells the Kokomo Tribune that the automaker will halt production on the plant's Toyota Camry line Friday, next Monday and on April 21 and April 25.
ROCHESTER, N.Y. (AP) — General Motors Corp. is investing $100 million to manufacture fuel-injection technology at its Rochester plant in upstate New York, securing hundreds of existing jobs and creating 30 new ones. The automaker says Tuesday that the factory, which employs around 800 people, got the project over a sister plant in the Midwest.
NEW YORK (AP) — A frightening collision between one of the world's largest airliners and a commuter jet on a dark, wet tarmac at John F. Kennedy International Airport is underscoring worries about ground accidents as U.S. airports begin handling a new generation of giant planes. A total of 586 passengers and crew members were aboard the two aircraft Monday night when the left wing of an Airbus A380 operated by Air France clipped a Bombardier CRJ-700 regional jet flown by Comair, spinning the smaller plane nearly 90 degrees.
WASHINGTON (AP) — U.S. companies sold fewer products overseas in February but the trade deficit narrowed because of a big decline in oil imports. The trade deficit fell 2.6 percent to $45.8 billion in February, the Commerce Department reported Tuesday. Exports, which had hit an all-time high in January, edged down 1.
PARIS (AP) — One of Renault's top executives will lose his job amid a wide-scale corporate shakeout following a deeply embarrassing scandal that saw France's partially state-owned car maker falsely accuse three of its executives of espionage. In a statement Monday, Renault said Chief Operating Officer Patrick Pelata would be removed from his position and given unspecified duties within the Renault-Nissan alliance.
SAN FRANCISCO (AP) — Google Inc. is investing $168 million in an alternative power project that aims to produce enough solar energy to light 140,000 homes. The commitment announced Monday is part of the financing that BrightSource Energy needs to build solar power plant in California's Mojave Desert.
SAN FRANCISCO (AP) — Intel Corp. has launched a new chip for tablet computers, as the world's most powerful semiconductor company aims to become a contender in the market for mobile chips. Intel's chips are in 80 percent of laptops and desktop PCs, but it's had less success getting its chips into smaller devices such as cellphones and tablets.
LOUISVILLE, Ky. (AP) — A piece of granite being moved at a Louisville business had fallen, pinning and killing a worker. The accident occurred Monday afternoon at KBR Manufacturing killing 50-year-old Sylvia Walters of Taylorsville, according to WAVE-TV in Louisville. Louisville Metro Police spokesman Dwight Mitchell says other employees found Walters under the stone and called for help.
JEFFERSON CITY, Mo. (AP) — A report Gov. Jay Nixon touted Monday as a five-year economic blueprint for Missouri recommends that the state promote the development of seven specific industries with a mixture of tax incentives, specialized job training and expanded infrastructure projects. The industries, announced previously, are advanced manufacturing, energy, bioscience, health sciences, information technology, financial and professional services, and transportation.
BISMARCK, N.D. (AP) — Experts said a North Dakota wind turbine's rotor and blades crashed to the ground because they weren't properly aligned with a power shaft atop the turbine's steel tower, which caused the rotor's connecting bolts to fail. The March 14 accident north of Rugby will prompt more frequent inspections of other turbines, said Scott Winneguth, director of wind plant engineering for Iberdrola Renewables Inc.
Douglas K. Woods, President of AMT February U.S. manufacturing technology consumption totaled $329.43 million, according to AMT - The Association For Manufacturing Technology and AMTDA, the American Machine Tool Distributors’ Association. This total, as reported by companies participating in the USMTC program, was down 10.
DETROIT (AP) — Honda Motor Co. says it will add a week to production slowdowns at its 11 North American auto plants. The company said in late March that it would shut down assembly lines for several hours a day because of parts shortages from Japan. Now Honda says the temporary shutdowns will be extended to the week of April 18.
TOKYO (AP) — Sharp Corp. has suspended domestic production of large-sized LCD panels because of a shortfall of industrial gas after a massive earthquake and tsunami. The Osaka-based company is one of the world's largest makers of LCD TVs and panels. Spokeswoman Miyuki Nakayama says the company has decided to focus on making smaller panels — under 10 inches (25 centimeters) — because it has a stockpile of larger ones.
How old is too old for an airplane? Most travelers don't think twice about it — although there's something unsettling about easing into your seat and finding the armrest still has an ashtray built in. But fliers may be more worried than usual after a 5-foot hole opened in the roof of a 15-year-old Southwest jet earlier this month.
by Josh Brown, Associated Press NORFOLK, Va. (AP) — Where workers once assembled Ford pickups, they now will sort, package and ship plastic pellets. Billions of them. Hampton Roads, meet the nurdle. Nurdles, which range in size from a BB to a gum ball, come in various shapes and colors.
by Rodney Manley, Associated Press EAST DUBLIN, Ga. (AP) — Quitting time on Nathaniel Drive once meant traffic, bumper to bumper, from the bridge spanning the Oconee River into Dublin back to the textile plants that spun the fabric of a thriving local economy. Now, Nathaniel is a lonely, almost lifeless 3.
ATLANTA (AP) — A massive Russian cargo plane roared into Atlanta on Friday to pick up one of the world's largest concrete pumps, which has been retrofitted to pour water on a Japanese nuclear power plant stricken by an earthquake and tsunami. The 190,000-pound (86,180-kilogram) pump designed by Wisconsin-based Putzmeister America Inc.
Firefighters try to extinguish a fire that broke out in a Czech plastic plant in Chropyne, about 250 km east of Prague, Czech Republic, on Friday, April 8, 2011. An official says more than a hundred firefighters have been battling a huge fire that hit the factory in the eastern Czech Republic.