Wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply. The Commerce Department said Thursday that stockpiles held by wholesalers rose 0.4 percent in March compared with February, when they had fallen 0.3 percent.
An 83-year-old nun and two other protesters accused of defacing a Tennessee nuclear weapons plant said Wednesday they have no remorse for their actions and were pleased to reach one of the most secure parts of the facility. Sister Megan Rice, Michael Walli and Greg Boertje-Obed testified on their own behalf during their federal trial on charges related to the July intrusion at the Y-12 National Security Complex in Oak Ridge.
Two people are hospitalized in Tulsa after an explosion outside a sandblasting plant in Eufaula. McIntosh County Sheriff Kevin Ledbetter told reporters the two were injured in the blast at Ford Sandblasting in west Eufaula shortly after noon Tuesday. Officials say the two suffered burns in the blast but their names and conditions were not immediately released.
A bill introduced in the Senate on Tuesday would require the president to block imports of products using stolen U.S. technology or made by companies implicated in computer theft. Washington's sudden focus on Chinese hacking comes after rising complaints from U.S. businesses about theft of trade secrets.
China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.
The German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections.
United Airlines expects to start flying its Boeing 787s again on May 20. The 787s had been grounded because of concerns about smoldering batteries, but they have been returning to the skies. Ethiopian Airlines was the first to fly a 787 again, on April 27.
Greenlee continues to expand its Professional Tool Specialist program with the launch of three additional trucks and trailers. The new vehicles will allow Greenlee specialists to further provide value-added services to end users, such as tool demonstrations, joint sales calls, technical support, and safety presentations.
Ferrari says it will limit sales of its high-performance street cars this year to below 7,000 units to protect the brand's aura of exclusivity. Chairman Luca Montezemolo says that means sales will decline overall by "more than 1 or 2 percent" from last year's sales of 7,318 cars. Sales in the first four months have risen 4 percent over last year.
In another blow to the nation's dwindling labor unions, an appeals court struck down a federal rule that would have required millions of businesses to put up posters informing workers of their right to form a union. The U.S. Court of Appeals for the District of Columbia Circuit said the NLRB violated employers' free speech rights in in trying to force them to display the posters or face charges of committing an unfair labor practice.
General Motors Co. confirms that it's building a new Cadillac factory in China. GM will start building the $1.3 billion plant next month in Shanghai's Jinqiao zone. It will produce 150,000 vehicles per year. The auto maker recently received regulatory approval for the new plant.
Almost a month into their review of the deadly blast at a Texas fertilizer plant, investigators are hoping to draw a picture from the air of how the plant looked before the explosion and compare it to the 93-foot-wide crater that's there now.
Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016. The plant now employs about 3,600 people and builds the Legacy and Outback cars and the Tribeca SUV. It also builds the Camry midsize car under contract with Toyota Motor Corp., the top shareholder in Subaru with a 16.5 percent stake.
A job training initiative is being offered in the Detroit area to help military veterans with engineering and manufacturing backgrounds transition to the civilian workforce. Siemens Corp. says the program was launched by Siemens' product lifecycle management software business in 22 cities across the country.
U.S. employers posted fewer job openings in March compared with February and slowed overall hiring, underscoring a weak month of job growth. The Labor Department said Tuesday that job openings fell 1.4 percent to a seasonally adjusted 3.8 million jobs. Total hiring declined 4.3 percent to 4.3 million.