BEIJING (AP) — China will play a much bigger role in General Motors Co.'s plans including clean energy vehicles as it moves to capitalize further on rapid growth in the world's largest auto market, the company's CEO said Tuesday. Calling China "the crown jewel in the GM universe," Chief Executive Daniel Akerson said the automaker plans to launch more than 20 new or redesigned cars in China over the next two years.
EVERETT, Wash. (AP) — Boeing Co. hopes aviation biofuels will be practical for the market by around 2015, but it's going to take a lot of work. Richard Wynne, Boeing Commercial Airplane's director of environment and aviation policy, told reporters Monday that the company is working with others throughout the industry toward having 1 percent of all aviation fuel come from non-petroleum sources by then.
QUITO, Ecuador (AP) — An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador's northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs. The amount — $8.
BARCELONA, Spain (AP) — Investors have panned his shake-up strategy and employees are not happy. Now,Nokia Corp.'s Stephen Elop, the first non-Finn to lead the world's largest maker of phones, is in a hurry to justify his decision to ditch the company's smart-phone software in favor of a former employer's, Microsoft.
NEW YORK (AP) — When he was mowing down opponents en route to a record of 74 wins in a row on the game show "Jeopardy!" Ken Jennings often seemed more machine than man. Now television viewers can see him going up against a real machine. On Monday, "Jeopardy!" will begin airing two matches spread over three days between Jennings, Brad Rutter (the show's all-time money-winner with $3.
CHICAGO (AP) — Energy drinks are under-studied, overused and can be dangerous for children and teens, warns a report by doctors who say kids shouldn't use the popular products. The potential harms, caused mostly by too much caffeine or similar ingredients, include heart palpitations, seizures, strokes and even sudden death, the authors write in the medical journal Pediatrics.
SOUTH BURLINGTON, Vt. (AP) — Before he started "saving the earth, one beer at a time," all inventor Eric Fitch knew about home brewing was that it could make quite a mess. Once, he accidentally backed up the plumbing in his apartment building by dumping into his garbage disposal the spent grain left over from his India Pale Ale home brew.
TOKYO (AP) — Japan confirmed Monday that China's economy surpassed its own as the world's second largest in 2010 and said a late-year downturn was its first quarterly contraction in more than a year. Japan's economy expanded 3.9 percent in the calendar year in the first annual growth in three years.
DETROIT (AP) — General Motors Co. will pay more than $189 million in profit-sharing to 48,000 U.S. hourly workers and millions more in performance bonuses to salaried employees, according to a person briefed on the matter. The company, less than two years out of bankruptcy protection, will pay most hourly workers more than $4,000 each as compensation for the company's strong financial performance last year, the person said.
Muskegon, Michigan — Reid Supply Company has an exhaustive catalogue of industrial supplies, but no supplier can carry every conceivable piece of industrial equipment down to the individual component. This is why Reid Supply announces its own state-of-the-art precision tool components and machining company to create industrial products on demand for clients, via their sister company Total Quality Machining (TQM).
Introduction Tompkins Supply Chain Consortium defines “uncertainty” as the level of knowledge of the past and current conditions that allows one to describe the existing state and predict a future outcome. Anyone who claims to have a clear picture of the past and current state and thinks they can predict the future is wrong.
WASHINGTON (AP) — The trade deficit widened in December as rising oil prices pushed the value of imports up faster than U.S. exports. The deficit increased 5.9 percent in December to $40.6 billion, the Commerce Department reported Friday. U.S. exports of goods and services rose to $163 billion, a 1.
DETROIT (AP) — Most of the 26,000 white-collar workers at General Motors Co. will get performance bonuses of 4 to 16 percent of their base salaries this year, but payments to a small number could be 50 percent or more, the company confirmed late Thursday. Chrysler Group LLC also will give bonuses to white-collar workers, with payments expected on Friday.
MINNEAPOLIS (AP) — Food industry workers who become whistleblowers gained protection against retaliation from their employers with a little-noticed provision in the sweeping food safety law President Barack Obama signed last month. The Food Safety and Modernization Act is best known for sections that aim to prevent foodborne illnesses, allow the Food and Drug Administration to order recalls and make it easier to trace contaminated food to its source.
DETROIT (AP) — Car buyers usually have to pay a premium of $5,000 or more for the hybrid version of a car. So when Ford Motor Co.'s Lincoln MKZ hybrid went on sale last fall for the same price as the gas version, it became a test case for hybrid demand. The verdict: More people will choose the hybrid when price isn't a factor, but not too many more.
BEIJING (AP) — Hackers operating from China stole sensitive information from Western oil companies, a U.S. security firm reported Thursday, adding to complaints about pervasive Internet crime traced to the country. The report by McAfee Inc. did not identify the companies but said the "coordinated, covert and targeted" attacks began in November 2009 and targeted computers of oil and gas companies in the United States, Taiwan, Greece and Kazakhstan.
AKRON, Ohio (AP) — Goodyear Tire & Rubber Co. reported Thursday its revenue rose 14 percent in the fourth quarter but it lost $177 million as it absorbed costs for its planned closure of a plant in Union City, Tenn. Its adjusted earnings and revenue beat Wall Street expectations, and shares surged $1.
AUBURN HILLS, Mich. (AP) — The FBI has raided the suburban Detroit offices of the Japanese auto parts supplier Takata Corp. A subpoena and search warrant were served Tuesday at the offices of TK Holdings Inc. in Auburn Hills. Takata spokeswoman Alby Berman tells WXYZ-TV she's unsure of the reason for the raid.
DETROIT (AP) — Hourly workers at General Motors Co. could get $3,000 or more in profit-sharing this year, their biggest checks ever, according to a newspaper report Tuesday. The Detroit company, just a year and a half out of bankruptcy protection, made $4.2 billion in the first three quarters of this year and is expected to post a fourth-quarter profit in the coming weeks.
In his Jan 25, 2011 State of the Union address, President Obama focused on the need to create jobs, especially manufacturing and technical jobs, and the challenge of doing so in an increasingly competitive world. The Illinois Reshoring Initiative today announces its program to apply the principles of the national Reshoring Initiative to revitalize Illinois manufacturing by reshoring: bringing back many of the most desirable jobs that have been lost to decades of offshoring.