WASHINGTON (AP) — It's about to become official: The recession is over — but not the pain. The government will release figures this week expected to show that the economy has awakened from its deepest slump since the 1930s and is in the early stages of a recovery. But the following week, the government will issue another set of figures expected to show unemployment continuing to rise toward and possibly above a clearly recessionary 10 percent.
GEORGETOWN, S.C. (AP) — A union leader says he doesn't think a South Carolina steel mill will reopen before 2011. United Steelworkers Union local president James Sanderson told The Sun News of Myrtle Beach a company official told him that ArcelorMittal's Georgetown steel mill may not reopen until 2011.
DETROIT (AP) — Autoworkers in Missouri and Michigan overwhelmingly rejected a new contract with Ford Motor Co., a sign that the automaker and the United Auto Workers union are having trouble convincing some workers to accept changes that would lower Ford's labor costs. Ninety-two percent of workers at the Kansas City Assembly Plant voted against changes to their contract Sunday.
PITTSBURGH (AP) — United States Steel Corp. said Tuesday it lost money for a third straight quarter as the global economic downturn continued to dampen demand for the metal. But the company said its production and shipments rose significantly from the previous quarter, and that it expects a narrower loss in the October-December period as North American automakers order more steel for vehicles.
GULFPORT, Miss. (AP) -- It's hard to come up with an example that better shows the dual nature of awarding a project to a company with foreign roots than the ongoing controversy over a $40 billion Air Force aerial tanker. Boeing Co. supporters say a win by European Aeronautic Defense and Space Co.
WASHINGTON (AP) — Vice President Joe Biden is expected to announce Tuesday that a California luxury automaker will build plug-in hybrid electric vehicles at a former General Motors plant in Delaware. The White House said Sunday that Biden, a former senator from Delaware, will make a major announcement about the future of the former GM plant in Wilmington, Delaware, along with Delaware Gov.
CHICAGO (AP) — Results from a new economic survey may ease concerns about rising unemployment and its effect on consumer spending, as forecasters say more employers appear willing to hire in the coming months. The latest quarterly survey from the National Association for Business Economics, set for release on Monday, shows that unemployment is moderating.
WASHINGTON (AP) — The Food and Drug Administration has allowed drugs for cancer and other diseases to stay on the market even when follow-up studies showed they didn't extend patients' lives, say congressional investigators. A report due out Monday from the Government Accountability Office also shows that the FDA has never pulled a drug off the market due to a lack of required follow-up about its actual benefits — even when such information is more than a decade overdue.
WASHINGTON (AP) — Health and Human Services Secretary Kathleen Sebelius said Monday the swine flu vaccine "is coming out the door as fast as it comes off the production line." But at the same time, she acknowledged delays in getting a sufficient supply for all those demanding it.
BEIJING (AP) — China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety official said Monday. Consumer Products Safety Commission Chairman Inez Tenenbaum said that her Chinese counterparts have provided technical help and are working with the U.
NEW ORLEANS (AP) — The head of steelmaker Nucor Corp. indicated Thursday that the possible cost of any carbon legislation that emerges from Congress is still a key concern as the company decides whether to build a pig iron plant in Louisiana or South America. The Charlotte, N.C.-based company is considering a site near Convent in St.
ELLENBORO, W.Va. (AP) — The U.S. Commerce Secretary, Sen. Jay Rockefeller and Gov. Joe Manchin are scheduled to make a joint appearance at Simonton Windows. The Commerce Department says Friday's event is being held to show how President Obama's administration is helping create jobs.
SHANGHAI (AP) — Top U.S. safety officials are meeting with their Chinese counterparts to seek help for American homeowners complaining of damage from suspect drywall imported from China. Consumer Products Safety Commission Chairman Inez Tenenbaum said Friday that apart from discussing compensation, her agency also is urging China to help set standards for drywall products to help prevent future problems.
DEARBORN, Mich. (AP) — Ford Motor Co. and the United Auto Workers union, which have agreed to proposed contract changes that would lower the automaker's labor costs, are running into opposition from some workers who say they've given too much already. Workers at the Dearborn Truck Plant outside Detroit honked horns and shouted down Bob King, the union's top Ford negotiator, Wednesday evening as King tried to speak about the proposed changes, according to Gary Walkowicz, a member of the plant's bargaining committee.
WASHINGTON (AP) — Americans seem to be cooling toward global warming. Just 57 percent think there is solid evidence the world is getting warmer, down 20 points in just three years, a new poll says. And the share of people who believe pollution caused by humans is causing temperatures to rise has also taken a dip, even as the U.
RICHMOND, Va. (AP) — Calling International Paper Co.'s plan to idle its Franklin plant "a deep blow" to Virginia, Gov. Timothy M. Kaine is promising help to the nearly 1,100 families affected by the closure. Kaine said Thursday that he would direct the Virginia Employment Commission to dispatch an economic crisis strike force to Franklin within the coming days.
CATANO, Puerto Rico (AP) — An explosion at a Gulf gasoline facility Friday rocked a neighborhood outside Puerto Rico's capital, causing minor injuries and forcing evacuations as firefighters raced to prevent additional blasts. Several columns of black smoke and flames were rising from the Caribbean Petroleum Corp.
WHITING, Wis. (AP) — NewPage Corp. has notified state labor officials it plans to idle one of the Whiting paper machines in December, laying off 75 to 100 employees. The Whiting mill has two paper machines and employs about 340 workers. The company says the length of the layoff will be based on the economy and customer orders.
SEOUL, South Korea (AP) — Hyundai Motor Co., South Korea's largest automaker and a growing force in the global industry, said third-quarter net profit more than tripled to a record high amid sharply higher sales. Hyundai Motor said in a regulatory filing Thursday that it earned 979.
PEORIA, Ill. (AP) — Caterpillar Inc., the world's largest maker of construction and mining equipment, said Thursday that Douglas Oberhelman will become the company's CEO starting in July of next year. The Peoria, Ill.-based company said Oberhelman, 56, will succeed current Chief Executive Jim Owens on July 1.