Daimler AG and Robert Bosch GmbH have completed their negotiations and signed agreements on the establishment of a 50:50 joint venture for electric motors. These agreements are still subject to the approval of the antitrust authorities. The new company, which is to be set up under the name EM-motive GmbH, will develop and produce innovative electric motors – also known as traction motors – for electric vehicles.
CLINTON, Conn. (AP) — Unilever, which makes household products such as Dove soaps, Lipton tea and Ben & Jerry's ice cream, is shutting a Connecticut plant and laying off nearly 200 workers. WTNH-TV reported Thursday that the company said it will shut its Clinton plant by the end of next year and lay off 49 salaried workers and 135 hourly employees.
READING, Pa. (AP) — A Pennsylvania company that makes brass hardware is closing its doors after more than 50 years. About 160 people will lose their jobs with the closure of the Baldwin Hardware plant by the end of next year. Stanley Black & Decker has owned the Baldwin Hardware brand since 2003.
FORT WORTH, Texas (AP) — American Airlines said Friday that it will finance up to 35 new planes in the next three years under a sale-leaseback deal with aircraft-leasing company AerCap Holdings N.V. American had already ordered 26 of the Boeing 737 aircraft. The airline disclosed Friday that it exercised an option to buy three more, and the AerCap deal also covered six planes to which American holds purchase rights.
CHESHIRE, Conn. (AP) — Federal environmental officials say a Connecticut aerospace and marine manufacturer faces a fine of nearly $176,000 for allegedly violating clean air and right-to-know laws. The Environmental Protection Agency said Thursday that Consolidated Industries Inc.
WASHINGTON (AP) — U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third straight month of weak output slowed by supply chain disruptions caused by the Japan crisis. The Federal Reserve reported Friday that factory production was unchanged last month following a tiny 0.
LOS ANGELES (AP) — Reliance Steel & Aluminum Co. reached a deal to buy Continental Alloys & Services Inc. and some affiliated companies for an undisclosed sum, the company said Thursday. Continental, based in Houston, is a materials management company focused on steel and alloy pipe, tube and bar products, along with the manufacturing of various tools designed for energy service companies.
OKEMAH, Okla. (AP) — Wellhead gas compression equipment manufacturer Sertco Industries Inc. says it's expanding its operations in Okemah and plans to add 15 new workers by the end of the year. The company says it's working with the city of Okemah on the $2.25 million expansion, which will add 12,100 square feet of assembly space, 3,600 square feet of office space and 2,000 square feet of paint booth space.
RIDGELAND, S.C. (AP) — South Carolina Gov. Nikki Haley is officially welcoming a company to Jasper County that plans to create at least 175 jobs. Haley is scheduled to attend a welcoming ceremony Thursday afternoon for Be Green Packaging. The California-based packaging company announced in April that it plans to open a manufacturing and distribution center in Ridgeland next year.
GALLATIN, Tenn. (AP) — A third employee of a Middle Tennessee metal powders plant has died, following a May fire at the facility Fred Tuttle died at Vanderbilt University Medical Center on Thursday evening, according to WTVF-TV, which quoted a hospital spokesperson. Tuttle was one of five people who were injured — three of them critically — in a May 27 fire at the Hoeganaes (HAY'-gan-ehz) plant in Gallatin.
WASHINGTON (AP) — A mixed slate of reports Thursday showed the U.S. economy is being held back by high gas prices and sluggish hiring. Economists are forecasting a pick-up in growth in the second half of the year. But the latest data revealed only faint signs of a turnaround. The Commerce Department said retail sales ticked up only 0.
LAWTON, Okla. (AP) — Lawton police and the Occupational Safety and Health Administration are investigating a deadly accident at a Bar S Foods plant. Authorities received an emergency call late Tuesday that an employee was trapped in machinery. Bar S officials say Michael Raper was cleaning an auger when he fell into it.
LOUISVILLE, Ga. (AP) — Executives with the parent company of Thermo King in the small Georgia town of Louisville say they will close the plant, which employs 235 people, by next year. The Augusta Chronicle reports that Ireland-based Ingersoll-Rand will move the Georgia plant's manufacturing line to a Thermo King facility in Hastings, Neb.
Tom Smith, AP HACKLEBURG, Ala. (AP) — Marion County Commissioner Don Barnwell said rumors about the future of a Wrangler distribution plant that was wiped out by the tornado that hit Hackleburg have everyone "scared to death." "It seems like every day there is a new rumor popping up," said Barnwell, who lives in Hackleburg and represents the town and surrounding area.
DULUTH, Minn. (AP) — The Georgia-Pacific plant in Duluth has been shut down because it can't replenish its water supply from Lake Superior during the government shutdown in Minnesota. That means nearly 150 employees are off the job for the duration of the shutdown because the state Department of Natural Resources has suspended the company's water use permit.
Kelly Olsen, AP Business Writer YONGIN, South Korea (AP) — A study commissioned by Samsung into cancers among six of its semiconductor workers found they were unrelated to exposure to chemicals on the job but the electronics giant is not yet releasing the full results. U.
Christopher S. Rugaber, Derek Kravitz, AP Economics Writers WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week, an encouraging sign that the job market may be slowly improving. The number of applications dropped by 22,000 to a seasonally adjusted 405,000, the Labor Department said, the lowest level in almost three months.
BUFFALO, N.Y. (AP) — A four-alarm fire has consumed a Buffalo, N.Y., plant that makes industrial lubricants, sending up plumes of thick, black smoke and leading firefighters to warn residents to keep their windows closed. The fire started before 6 a.m. Wednesday at the Niagara Lubricant Co.
OMAHA, Neb. (AP) — The Occupational Safety and Health Administration has issued 10 violations against a Tyson Foods Inc. meatpacking plant in northeast Nebraska. The federal agency on Tuesday cited the Dakota City plant for one repeat and nine serious violations following safety and health inspections initiated in May.
BLUE MOUNTAIN, Miss. (AP) — A multi-million-dollar expansion of Oil-Dri Corp. of America plant in Blue Mountain Production Co. will mean 20 new jobs. Chicago-based Oil-Dri, the world's largest manufacturer of cat litter, will manufacture a new line of Cat's Pride cat litter at the Blue Mountain facility On Tuesday, company officials celebrated the completion of a $9 million project and the addition of 20 jobs at the Blue Mountain plant.