DETROIT (AP) — Ford, Chrysler and the United Auto Workers remain far apart in labor talks with just a week left before their contracts expire, two people briefed on the talks said Wednesday. Negotiators for the two companies and the union have started serious talks on wages in the past few days, even though the union's contracts with all three Detroit carmakers expire at 11:59 p.
WASHINGTON (AP) — The number of people seeking unemployment benefits ticked up slightly last week, evidence that the job market isn't improving. Weekly applications for unemployment benefits rose 2,000 to a seasonally adjusted 414,000, the Labor Department said Thursday. The report suggests companies aren't significantly increasing layoffs, despite weak economic growth.
CHICAGO (AP) — Boeing Co. on Wednesday raised its estimate for the number of new planes that the Chinese market will need over the next 20 years. Boeing said it expects China will need 5,000 new commercial planes worth $600 million over the next 20 years. Last year it predicted that China would need 4,330 new planes valued at $480 billion over the 20-year period starting in 2010.
STOCKHOLM (AP) — A Swedish court on Thursday rejected car maker Saab's application for creditor protection, paving the way for possible bankruptcy filings from labor unions. The ruling by the Vanersborg District Court, which can be appealed, is the latest setback for cash-strapped Saab as it scrambles to solve a liquidity crisis that has left it teetering on the brink of collapse.
MIAMISBURG, Ohio (AP) — Paper producer NewPage Corp. said Wednesday that it is seeking Chapter 11 bankruptcy protection while it restructures. The privately held Ohio-based company said it expects to continue operating its U.S. business as usual and has commitments for $600 million in financing led by J.
WASHINGTON (AP) — The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs — but also assailed his plans in advance of his prime-time speech.
CHICAGO (AP) — Kraft Foods Inc. still expects to split itself into two publicly traded companies before the end of next year, the nation's largest food maker said Wednesday. Kraft announced last month that one of the companies will focus on its international snack brands like Trident gum and Cadbury chocolates and the other one will concentrate on its North American grocery business that includes Maxwell House coffee and Oscar Mayer meats.
WASHINGTON (AP) — Companies in July advertised the most jobs in three years, and layoffs declined — a bit of hope for a weak economy. Still, many employers are in no rush to fill openings. The Labor Department said Wednesday that employers increased their postings to 3.23 million from 3.
MAGNOLIA, Ark. (AP) — A worker at a steel mill in Magnolia is dead after an accident that occurred while changing a cable on an overhead crane. The Banner-News reports (http://bit.ly/mZ9DoO ) that 55-year-old Gene Drake of Waldo was killed in the late Tuesday morning accident at CMC Steel Arkansas.
DALLAS (AP) — Southwest Airlines Co. expects to take delivery of its first Boeing 737-800 next March and get 25 of the new, larger planes next year to help boost its financial results. Southwest chief financial officer Laura Wright said Wednesday that the company expects to eventually own 100 of the 737-800s.
GRAND JUNCTION, Colo. (AP) — North America's second-largest producer of baking soda is working to boost production at its Colorado plant while it looks to research how to commercially develop oil shale in the state. Natural Soda Inc., a subsidiary of Natural Resources USA Corp., mines sodium bicarbonate in Rio Blanco County from what the company says are one of the largest known deposits of nahcolite in the world.
Bethesda, Md. (AP) — Lockheed Martin Corp. said Tuesday that it received a $100.5 million contract from the U.S. Air Force for production of a new laser guided bomb guidance system, the paveway II Plus Laser Guided Bomb GBU-12. The award is most of an initial $134 million contract for the bomb system procurement.
SPRINGFIELD, Mo. (AP) — Springfield residents will vote on a controversial bill that would require businesses to check the status of workers before hiring them. The City Council voted 4-4 Tuesday against the ordinance. The Springfield News-Leader reports (http://bit.ly/pUBH6B ) that under the rules governing initiative petitions, the tie vote sends the ordinance to voters, either in February or March.
TOKYO (AP) — Toyota says it's no longer exporting Camry sedans from Japan to North America, where the best selling car is also manufactured — a decision that makes financial sense for the automaker as the yen soars against the dollar. Toyota Motor Corp., Japan's No. 1 automaker, exported only about 1,700 Camry cars from Japan last year, and only when demand was so great that North American production couldn't keep up.
WASHINGTON (AP) — America's sickly economy can be healed with jobs, jobs and more jobs. On that, everyone agrees. Figuring out how to produce them is what is stumping everyone. Other than letting time take its course, Washington lacks a clear answer on how to create permanent new jobs on a national scale.
STOCKHOLM (AP) — The owner of cash-strapped car maker Saab filed for bankruptcy protection on Wednesday in a last-ditch attempt to salvage a brand crippled by production stoppages, withheld salary payments and mounting debt. Swedish Automobile, formerly known as Spyker Cars, said the move would buy it time to receive funding from Chinese investors, currently awaiting regulatory approval, and avoid bankruptcy.
STAMFORD, Conn. (AP) — Packaging-products supplier Silgan Holdings Inc. has closed on its $25 million purchase of Nestle Purina PetCare Co.'s steel can-making assets for its pet food products. "This transaction enhances our market-leading position in food cans, allowing us to further leverage our broad manufacturing platform to continue to provide competitive advantage to customers such as Nestlé," Silgan President and CEO Tony Allott said in a statement.
WALLBURG, N.C. (AP) — A North Carolina company that keeps commercial airliners flying plans to shift its manufacturing operations to a recently opened facility in Davidson County. The News & Record of Greensboro reports (http://bit.ly/nPukHU ) that privately-owned TIMCO Aviation Services plans to start shifting jobs to its Wallburg facility shortly.
TOOELE, Utah (AP) — After 15 years of incinerating the nation's largest single stockpile of chemical weapons, the U.S. Army's job in Utah's west desert is nearly done. But closing down facilities responsible for storing and incinerating the weapons of mass destruction will mean the loss of more than 1,300 jobs over the next two years, the Deseret News reported (http://bit.
WASHINGTON (AP) — Still bruised by the summer battle over the debt ceiling, Congress reconvenes this week for what could be an equally painful confrontation over how to put Americans back to work. Lawmakers returning to Washington after a monthlong recess are in accord on at least one thing: Jobs policy must be at the top of the agenda.