DETROIT (AP) — Investment bankers handling the upcoming General Motors Co. stock sale are expected to court foreign investors as well as those in North America, according to a U.S. Treasury Department statement. GM and the Treasury Department would not comment Sunday on reports that the automaker is in talks with its current partner in China, SAIC, about buying a stake in the Detroit company.
LINCOLN, Maine (AP) — A co-owner a paper mill in Lincoln, Maine, says a worker has been hospitalized after suffering burns during the mill's annual shutdown for maintenance. Keith Van Scotter, co-owner of Lincoln Paper and Tissue LLC, says the worker suffered hot water and steam burns while inspecting one of the tissue machines at the plant on Thursday.
The "nightmare well" is dead. But the Gulf coast's bad dream is far from over. Federal officials declared Sunday that the well where the Deepwater Horizon rig exploded had finally been killed. Workers drilled a relief well into the damaged one and sealed it with cement. Its official end came 11 years after Texaco first sank an exploratory well near that same spot 50 miles (80 kilometers) out in the Gulf of Mexico, then moved on after finding it unprofitable.
TOKYO (AP) — Toyota is in talks with Daimler AG about sharing its gas-electric hybrid technology with the German automaker, Japanese media reports said Friday. Toyota Motor Corp., the world's top automaker, said it has a policy of sharing its hybrid technology with other automakers to help make it widespread but declined to comment on any specific talks with other automakers.
LONDON (AP) — World stock markets mostly rose Friday as positive earnings news from technology companies such as Oracle and BlackBerry maker Research in Motion helped shore up sentiment. Figures showing that U.S. consumer prices rose 0.3 percent in August — roughly in line with expectations — had little impact on the markets on a day when trading is likely to be volatile given that many futures and options contracts have to be settled in both Europe and the U.
KANSAS CITY, Mo. (AP) — Ford Motor Co. CEO Alan Mulally told a crowd of business and government leaders Thursday that he's committed to Missouri but doesn't have any news about a new product line for the Claycomo assembly plant near Kansas City. There had been speculation that Mulally might make news when he spoke during a gathering of the Kansas City Chamber of Commerce and during a separate economic development conference in Kansas City.
WASHINGTON (AP) — Rehabilitating New York's Staten Island Ferry Terminal. Cutting a new highway through Nelsonville, Ohio. Building a trio of battery factories in Michigan. In a report being released Friday by Vice President Joe Biden, the White House pushes back against criticism of its $814 billion stimulus program and highlights 100 projects that it says are creating jobs and growing the economy.
NORCROSS, Ga. (AP) — Gwinnett County officials say a man was crushed to death by machinery at plant near Norcross. The Atlanta Journal-Constitution reports that Gwinnett County fire Capt. Tommy Rutledge says the 48-year-old man, whose name has not been released, was employed at the RockTenn plant.
NEW YORK (AP) — The head of the Johnson & Johnson division responsible for most of the company's 11 product recalls announced her retirement late Thursday, shortly after a congressional committee probing the recalls invited her to a second hearing on the case. J&J, reeling from an unprecedented spate of recalls that includes more than 135 million bottles of infants' and children's Tylenol and other nonprescription medicines, said Colleen Goggins will retire on March 1 after almost 30 "successful and distinguished" years with the company.
BIRMINGHAM, Ala. (AP) — American Cast Iron Pipe Co. says it plans to lay off another 59 workers in Birmingham. The layoff announced Tuesday is the company's second in a little more than two months. The Birmingham News reports the Birmingham-based maker of iron and steel pipes used for water, oil and natural gas transmission says the layoffs will take effect Oct.
WASHINGTON (AP) — Industrial production rose modestly in August and the manufacturing sector grew for the 12th time in 14 months. Output at the nation's factories, mines and utilities edged up 0.2 percent last month, the Federal Reserve reported Wednesday. It rose 0.6 percent in July.
SANTA ANA, Calif. (AP) — Toyota Motor Corp. has moved to dismiss hundreds of lawsuits over claims stemming from sudden acceleration in its vehicles. The auto giant filed a motion Tuesday with a federal court in Santa Ana, saying attorneys for Toyota drivers had failed to identify any defects in the vehicles.
SAN JUAN, Puerto Rico (AP) — The U.S. Food and Drug Administration has warned drug giant Bristol-Myers Squibb Co. of possible sanctions if it fails to correct "significant violations" of good manufacturing practices at one of its two plants in Puerto Rico. The drugmaker said it has already begun correcting problems mentioned in the warning letter that the U.
BEIJING (AP) — A state-owned Chinese company signed an agreement Wednesday to invest in a Mississippi steel mill in a deal that has prompted complaints by some U.S. lawmakers that it might jeopardize national security. Anshan Iron & Steel Group Corp.'s investment is seen as a test of American willingness to accept Chinese investment.
TOONE, Tenn. (AP) — A fire was burning itself out Tuesday night after an explosion injured six workers at a manufacturing plant in southwestern Tennessee that makes flares for the military. Hardeman County Sheriff John Doolen said firefighters at Kilgore Flares Co. in Toone were monitoring the blaze because of the danger there could be another explosion.
Manufacturing technology consumption in the United States is up nearly 59 percent when compared with 2009. Peter Borden, AMTDA president Manufacturing technology consumption in the United States totaled $266.08 million in July, according to the American Machine Tool Distributors’ Association (AMTDA) and The Association For Manufacturing Technology (AMT).
WASHINGTON (AP) — Retail sales rose in August by the largest amount in five months, adding to evidence that a late spring economic swoon was temporary and not the start of another recession. Retail sales rose 0.4 percent last month, the best advance since March, the Commerce Department said Tuesday.
NEW YORK (AP) — The makers of high fructose corn syrup want to sweeten up its image with a new name: corn sugar. The bid to rename the sweetener by the Corn Refiners Association comes as Americans' concerns about health and obesity have sent consumption of high fructose corn syrup, used in soft drinks but also in bread, cereal and other foods, to a 20-year low.
WILLIAMSON, N.Y. (AP) — About 300 striking workers have approved a new labor contract with Mott's and will return next week to their jobs at the company's apple juice plant in western New York. Officials with the Retail, Wholesale and Department Store Union say hourly employees at the Wayne Countyplant voted Monday 185 to 62 in favor of the contract and will return to work Monday, four months after they went on strike over proposed wage and benefit reductions.
PHILADELPHIA (AP) — Workers have returned to the Philadelphia Kraft Foods plant where a suspended employee fatally shot two co-workers and wounded a third last week. The Northeast Philadelphia plant reopened Sunday night, with counselors on hand to help employees cope with the aftermath of Thursday's shooting.