MOLINE, Ill. (AP) — Deere & Co. will sell its wind energy business to a subsidiary of Exelon Corp. for $900 million, the company said Tuesday, potentially signaling an active merger and acquisition period ahead for the power industry. With energy prices persistently low due to a grinding economic recovery, stakes in the power industry have begun to shift.
LOUISVILLE, Ky. (AP) — Ford's Louisville Assembly Plant will see its first extended overtime in years leading up to a layoff of up to a year for factory retooling. Company and union officials told The Courier-Journal that Ford Motor Co.'s production of the 2010 Explorer will employ workers on most Fridays in September and October and two Saturdays in October.
WASHINGTON (AP) — Americans spent last month at the fastest pace in four months, helped by a jump in demand for automobiles. Consumer spending rose 0.4 percent in July after three lackluster months, the Commerce Department said Monday. Spending fell 0.1 percent in April, rose a tiny 0.1 percent in May and was flat in June.
WASHINGTON (AP) — Raytheon Co. has landed a $55.4 million Navy contract related to the production of a test site for the Aegis missile-defense system, the Department of Defense said Friday. The contract modifies and earlier contract to exercise an option for the production of an Aegis ashore test site transmitter and fire control system.
SAN FRANCISCO (AP) — If you're looking for bargains on personal computers, bad news from the industry could be good for your pocketbook. Computer makers are scrambling for ways to goose faltering consumer demand after a weak start to the back-to-school shopping season. That could mean deeper price cuts and other promotions beyond the incentives that the industry dangled in front of shoppers to lure them into stores during the worst of the recession.
BELLE, W.Va. (AP) — A Japanese company expects to finish building a $100 million specialty plastics factory in Belle by the end of the month. Manager Tom Provost says the Kureha Corp. factory should start production in November. Kureha has hired 35 people to work there already and expects to have a total of 50 employees once the operation is up and running.
SEATTLE (AP) — The 500 Coca-Cola employees who went on strike last week have filed a class-actionlawsuit against the company after the soda giant canceled their health care coverage. KOMO News reports that Coca-Cola canceled health care coverage for the workers on Tuesday, one day after they walked off the job.
SAN FRANCISCO (AP) — Microsoft Corp. co-founder and billionaire Paul Allen is suing nearly a dozen major companies, including tech giants Google Inc. and Apple Inc., alleging they infringed on four Web technology patents held by his company Interval Licensing LLC. Interval said Friday it filed the suit in a U.
BEIJING (AP) — Japan called for "transparent policies" governing workers in China, saying labor disputes that halted operations at dozens of factories this year were troubling to Japanese companies. Foreign Minister Katsuya Okada brought up the issue at a high-level economic meeting between China and Japan — the world's second and third largest economies — held in Beijing to discuss ways to recover from the economic crisis and foster regional cooperation.
LOS ANGELES (AP) — A device designed to control unruly inmates by blasting them with a beam of intense energy that causes a burning sensation is drawing heat from civil rights groups who fear it could cause serious injury and is "tantamount to torture." The mechanism, known as an "Assault Intervention Device," is a stripped-down version of a military gadget that sends highly focused beams of energy at people and makes them feel as though they are burning.
APPLETON, Wis. (AP) — A company that makes pouches and other flexible packaging is opening a new plant in Appleton, creating 56 jobs. The Coating Excellence International facility is scheduled to open in about four months. The company is receiving financial help through recovery-zone bonds made possible by the federal stimulus package.
OKLAHOMA CITY (AP) — An Oklahoma agency has approved a $20 million bond deal that will help pay for the expansion of the Goodyear tire-making plant in Lawton. The Council of Bond Oversight on Thursday authorized the Oklahoma Development Finance Authority to issue $20 million in bonds for the project.
ELBERTON, Ga. (AP) — A German plastics manufacturer will bring 75 jobs to Elberton. Moeller Tech will locate a manufacturing plant in Elberton, a $9.75 million investment. Moeller Tech produces injection molded plastic parts for the automotive industry. According to a press release from Georgia Gov.
THEODORE, Ala. (AP) — A coastal Alabama company was ordered to destroy some of the frozen chicken at its refrigeration plant after the ammonia leak that sent about 130 people to hospitals, but other meat was safe to eat, government regulators said Thursday. Brian Mabry, a spokesman with the U.
JACKSON, Miss. (AP) — Texas-based KiOR, a company with plans to produce a crude oil substitute from wood chips and other biomass, will locate its first three facilities in Mississippi. Gov. Haley Barbour and KiOR CEO Fred Cannon announced details of the venture Thursday, a day before lawmakers were set to return to the Capitol to approve incentives for the company.
NEW YORK (AP) — Boeing Co. postponed the delivery of its first 787 to the middle of the first quarter of 2011, compounding a string of delays for the jetliner that is already more than two years past its original scheduled debut. The latest delay is the result of engine delivery problems, Boeing said in a statement early Friday.
ST. PAUL, Minn. (AP) — Minnesota Gov. Tim Pawlenty meets Wednesday with Ford Motor Co. executives to talk about the future of the company's St. Paul truck plant. Pawlenty's official schedule lists a private meeting at the Ford Product Development Center in Dearborn, Mich. The Republican governor is traveling with St.
PASCAGOULA, Miss. (AP) — Northrop Grumman Corp. plans to lay off 642 workers at its Pascagoula shipyard by the end of the year, the company said. The first 292 affected workers were notified Wednesday under a federal law requiring 60 days notice of layoffs that affect 500 or more people. The company told The Mississippi Press that the layoffs are due to the cyclical nature of shipbuilding, including the timing of contracts.
WASHINGTON (AP) — Companies cut back on their investments in equipment and machines last month as the economic recovery lost momentum. Overall orders for big-ticket manufactured goods increased 0.3 percent in July, the Commerce Department said Wednesday. But that was only because of a 76 percent jump in demand for commercial aircraft.
THEODORE, Ala. (AP) — A refrigeration company says it's sorry for the ammonia leak that sent dozens of people to hospitals around Mobile. Millard Refrigerated Services issued a statement late Tuesday apologizing to people who reported medical problems or experienced discomfort because of the leak at its plant in Theodore along an industrial canal.