TOKYO (AP) — Toshiba Corp. unveiled an ambitious three-year agenda Tuesday, aiming to quadruple profits and spend $14 billion to amplify its strengths in semiconductors and nuclear power. The Japanese conglomerate's business right now is vast, spanning household appliances and computers to health care equipment and industrial machines.
NEW ORLEANS (AP) — Textron Marine & Land Systems has agreed to build another 423 armored security vehicles for the U.S. Army. The Textron Inc. unit says the value of the contract is $461 million. The vehicles will be built at Textron's plant in New Orleans. The contract includes an option to buy up to 272 more vehicles at a price of up to $239 million.
DETROIT (AP) — The U.S. government could get back $40 billion of its $50 billion investment in General Motors Co., and the difference will have been well spent because it prevented mass job losses and at least a regional depression in the Midwest, the former head of the autos task force said Monday.
TOKYO (AP) — Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality. But the automaker's top executive and analysts alike said Toyota is still far from a full recovery while another potential blow to its image looms after U.
HOUSTON (AP) — Cutoff valves like the one that failed to stop the Gulf of Mexico oil disaster have repeatedly broken down at other wells in the years since federal regulators weakened testing requirements, according to an Associated Press investigation. These steel monsters known as blowout preventers or BOPs — sometimes as big as a double-decker bus and weighing up to 640,000 pounds — guard the mouth of wells.
MADISON, Wis. (AP) — Federal statistics show that Wisconsin is still the nation's big cheese. Wisconsin produced 2.65 billion pounds of cheese last year. That accounted for a nation-best 26 percent of the U.S. cheese output in 2009. Wisconsin also produced 477 million pounds of specialty cheese last year.
It came to my attention last week that Apple had reached the distinguished honor of selling its one millionth iPad in just 28 days of the product’s market emergence. Not just an amazing figure for anyone, this feat is even outstanding for Apple—the teacher’s pet of technology.
IOWA CITY, Iowa (AP) — A federal report castigated a Texas company for abusing and underpaying several mentally disabled men who were housed in a ramshackle building while working at an Iowa turkey processing plant. The report from the Equal Employment Opportunity Commission said Henry's Turkey Service underpaid the men at least $1 million over three years, verbally and physically abused them, and committed several major violations of the Americans with Disabilities Act, The Des Moines Register reported Friday.
SHANGHAI (AP) — The surge in China's auto sales has begun to falter with growth in passenger car sales for April easing to just over half the previous month's increase. There were 1.11 million passenger cars sold in April, up 34 percent from a year earlier, the state-affiliated China Association of Automobile Manufacturers said Monday.
PORTLAND, Ore. (AP) — Automakers are racing to unleash electric vehicles in Oregon, one of the nation's first significant test markets for plug-in cars. The Nissan Leaf, a four-door hatchback with 100-mile range, leads the pack of zero-emission sedans, with a suggested retail price of $23,780 after tax credits.
TOYOTA, Japan (AP) — U.S. Transportation Secretary Ray LaHood said Monday that Washington wants to see results from Toyota's efforts to improve safety, and more fines would be imposed if needed. "If a fine is required, I think everyone recognizes now that safety is our number one priority, and we will do all that we can to uphold the laws in our country," he said.
TOKYO (AP) — Toyota Motor Corp., the world's top automaker, reports earnings for the fiscal fourth quarter on Tuesday. WHAT TO WATCH FOR: Toyota is fighting a serious quality crisis, having recalled more than 8 million vehicles worldwide since October for gas pedal defects, a faulty floor mat and a braking software glitch.
WASHINGTON (AP) — More confident employers stepped up job creation in April, expanding payrolls by 290,000, the most in four years. The jobless rate rose to 9.9 percent as people streamed back into the market looking for work. The hiring of 66,000 temporary government workers to conduct the census helped overall payroll growth last month.
WASHINGTON (AP) — A food company is recalling lettuce sold in 23 states and the District of Columbia because of an E. coli outbreak that has sickened at least 19 people, three of them with life-threatening symptoms. The Food and Drug Administration said Thursday that 12 people had been hospitalized and the federal Centers for Disease Control and Prevention said it was looking at 10 other cases probably linked to the outbreak.
DETROIT (AP) — Consumer Reports magazine is lifting a "Don't Buy" recommendation for a Lexus sport utility vehicle that failed an emergency handling test. The magazine said Friday that the 2010 Lexus GX 460 luxury SUV passed the test after a dealership updated software that runs its electronic stability control system.
HONOLULU (AP) — South Korean electric car manufacturer CT&T announced plans Thursday to build an assembly plant in Hawaii that will eventually produce up to 10,000 vehicles a year and employ as many as 400 people. The plant would make small two-seaters that reach speeds up to 40 mph and be deployed onto Hawaii's city and neighborhood roads.
GREER, S.C. (AP) — Doctors have reattached the arm of a worker at the BMW plant in South Carolina who had the limb severed in a workplace accident. Multiple media outlets reported the employee had his arm severed between the elbow and wrist Wednesday morning at the plant in Greer. BMW spokesman Bobby Hitt says the man was driving a device similar to a forklift when he went through a doorway and his arm struck a beam and was severed.
The containment vessel is lowered into the Gulf of Mexico at the site of the Deepwater Horizon rig collapse, Thursday, May 6, 2010. (AP Photo/Gerald Herbert) ON THE GULF OF MEXICO (AP) — Workers eased a giant concrete-and-steel box into the Gulf of Mexico late Thursday, starting the long process of lowering the contraption over the blown-out oil well at the bottom of the sea in an untested bid to capture most of the gushing crude and avert a wider environmental disaster.
PARIS (AP) — Anheuser-Busch InBev SA, the world's largest brewer and maker of Budweiser, said Wednesday its first quarter profit fell 34 percent to $475 million as global beer sales remained stagnant and were not forecast to rebound in 2010. AB InBev made a $716 million profit a year earlier.
SEATTLE (AP) — The Boeing Co. has agreed to restore fish habitat in Seattle's Duwamish Waterway and pay $2 million to settle federal charges that it broke environmental laws by dumping oil and other toxic substances. The settlement was filed Tuesday in federal court in Seattle. Boeing agreed to undertake two habitat restoration projects to benefit migrating juvenile salmon and other fish and birds.