MILAN (AP) — The Italian automaker Fiat, which controls Chrysler, on Wednesday reported a return to second-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise its 2010 forecasts. Fiat also said its board approved the plan to separate its industrial vehicle and auto businesses into two distinct companies in order to "give birth" to a global automotive company that will incorporate Chrysler LCC.
FARNBOROUGH, England (AP) — Plane makers notched up more orders on the third day of the Farnborough International Airshow on Wednesday — bringing the tally past $25 billion — as a resurgence in commercial aviation offset the gloom from governments' sharp cuts to defense programs.
by Linda A. Johnson, AP Business Writer TRENTON, N.J. (AP) — A second Johnson & Johnson medicine factory is under scrutiny from federal regulators, while the company struggles to deal with bad publicity and repeated recalls at another factory. The healthcare giant in April shut down a plant in Fort Washington, a Philadelphia suburb, that's now linked to eight recalls of Tylenol and other nonprescription drugs for children and adults.
TOKYO (AP) — Toyota Motor Corp. said Tuesday it has been subpoenaed by a federal grand jury in New York to submit documents related to problems with rods that connect a vehicle's steering system to its front wheels. The world's largest automaker, which is trying to repair a reputation damaged by recalls of millions of cars worldwide since October, said the federal grand jury issued the subpoena to its U.
NEW BRUNSWICK, N.J. (AP) — Healthcare giant Johnson & Johnson on Tuesday posted a 7.5 percent increase in second-quarter income despite ongoing recalls of popular nonprescription medicines keeping sales flat. Still, the maker of Band-Aids, birth control and biotech drugs reduced its profit forecast for the year by 15 cents a share.
MURRAY, Ky. (AP) — Outdoor power equipment maker Briggs & Stratton Corp. is renovating its western Kentucky plant, keeping 640 jobs in Murray. Gov. Steve Beshear was in Murray on Monday for the announcement and said the decision by the company will have tremendous economic impact across the state.
NEW YORK (AP) — A rebound at its financial services business and stabilizing sales of its high-end motorcycles sent Harley-Davidson's net income soaring in the second quarter, but the company cautioned that the market for its two-wheelers will remain challenging this year. Harley, which has been restructuring for more than a year, said worldwide retail sales of its motorcycles fell 5.
WAKO, Japan (AP) — Honda will start selling an electric vehicle as well as a plug-in hybrid in 2012 in the U.S. and Japan, joining the race to manufacture green cars in which rivals have already taken slight leads. The plans were disclosed by Honda Motor Co. President Takanobu Ito at the Japanese automaker's facility in a Tokyo suburb Tuesday.
PARIS (AP) — China has overtaken the United States as the world's largest energy consumer, the International Energy Agency said Tuesday. China immediately questioned the calculation. The Paris-based agency said China's 2009 consumption of energy sources ranging from oil and coal wind and solar power was equal to 2.
VIVIAN, La. (AP) — A new boat manufacturer is coming to the Caddo Manufacturing plant in Vivian. Epic Wake Boats has announced it will use the facility and the plant's workforce to produce its electric and hybrid boats. The Times of Shreveport reports that the company's plans also include producing two electric cars, which are built more for recreation than everyday commuting.
ST. CHARLES, Minn. (AP) — A state investigation into the fire that destroyed North Star Foods in St. Charles pinpointed where the blaze started, but does not answer what caused it to ignite in the first place. The April 2009 fire forced a citywide evacuation of the southeast Minnesota town and left more than 200 people without jobs.
FARNBOROUGH, England (AP) — Arch rivals Boeing Co. and Airbus announced new orders worth almost $13 billion at the start of the Farnborough International Airshow on Monday, raising hopes that the aviation industry is on the way back up after a dire two-year slump. The aerospace market "has come back faster than we expected" and Boeing has twice raised its internal forecasts for the number of orders at the biennial show, said Boeing Commercial Airplanes President Jim Abaugh.
MACON, Ga. (AP) — The manufacture of booms to help clean up the Gulf oil spill has become a boon to Washington County. The booms manufactured by Meltblown Technologies are used to corral oil floating on the surface and can be linked to form miles of barriers to absorb oil and prevent its spread.
PORTLAND, Ore. (AP) — On the afternoon of May 19, in a single chaotic hour, more than a thousand wind turbines in the Columbia River Gorge went from spinning lazily in the breeze to full throttle as a storm rolled east out of Hood River. Suddenly, almost two nuclear plants worth of extra power was sizzling down the lines — the largest hourly spike in wind power the Northwest has ever experienced.
NEW ORLEANS (AP) — In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate. And there's very little that the state can do: The tally is due to the Obama administration decisions affecting petroleum, defense and space — all coming together in a perfect storm.
Cost cuts and an improved financial business helped General Electric Co. post its first increase in quarterly profit since 2007, but sales remained sluggish for the industrial giant. The second-quarter results showed that challenges remain for the economy and GE, one of the world's largestindustrial and financial companies.
WASHINGTON (AP) — The once-popular ethanol industry is scrambling to hold onto billions of dollars in government subsidies, fighting an increasing public skepticism of the corn-based fuel and wariness from lawmakers who may divert the money to other priorities. The industry itself can't agree on how to persuade Congress to keep the subsidies, which now come in the form of tax credits worth about $6 billion annually.
PALO ALTO, Calif. (AP) — Toyota Motor Corp. and electric vehicle upstart Tesla Motors Inc. will work together to develop an electric version of Toyota's RAV4 small crossover vehicle, with plans to begin selling it in the U.S. in 2012, the companies announced Friday. Tesla already is working on the electric power system for the RAV4, which looks like a small sport utility vehicle but is based on a car frame.
NEW ORLEANS (AP) — BP finally gained control over one of America's biggest environmental catastrophes by placing a carefully fitted cap over a runaway geyser that has been gushing crude into the Gulf of Mexico since early spring, though no one was declaring victory just yet. Engineers, politicians and Gulf residents will watch anxiously over the next day and a half to see if the cap holds.
TRENTON, N.J. (AP) — Johnson & Johnson said Thursday it will lay off most of the staff at a factory idled over repeated recalls of Tylenol and other popular nonprescription medicines. The healthcare giant said it has decided to make a significant investment in the manufacturing facilities, equipment and laboratories at its plant in Fort Washington, Pennsylvania.