Electronics giant Philips says it is selling a majority stake in its LED components and automotive lighting division to a consortium led by investment fund GO Scale Capital in a deal worth up to $2.9 billion.
A new report from Deloitte and the Manufacturers Alliance for Productivity and Innovation recommends that manufacturers convert their risk management practices to "an ongoing conversation rather than a periodic presentation."
Elon Musk took to twitter once again to release a cryptic teaser regarding impending new Telsa products — and this time it isn’t a car.
The U.S. gained 295,000 jobs in February to continue strong hiring patterns from 2014. But newly released estimates from the Bureau of Labor Statistics showed that the global drop in oil prices hindered growth in many of the country's top oil producing states.
Duke Energy Corp. CEO Lynn Good saw her pay docked about $600,000 in the aftermath of last year's massive spill of collected coal ash that coated 70 miles of a North Carolina river in sludge containing toxic heavy metals.
A business economics group has boosted its outlook for U.S. economic improvement this year and next, particularly for job growth.
Volvo on Monday confirmed it will open a new manufacturing plant in the U.S., a move the Swedish automaker said makes it a "global car manufacturer."
Those pricey high-tech systems that automatically stop or slow your car if it's about to run into something are getting a lot cheaper. Toyota says it will offer lower-cost versions of the safety features in new Lexus and Toyota SUVs that it's introducing this week at the New York auto show.
GE manufacturing maven Christine Furstoss provides a look inside the technology at work in the "brilliant factory."
The Streit's factory building is the oldest in the nation where the unleavened flatbread that's essential for Jewish holidays is still churned out. But, Streit's is planning to shut down its nine-decade-old ovens by year's end and move to a 21st century computerized plant somewhere in the New York area.
The U.S. energy market would largely benefit from lifting the current ban on crude oil exports, according to a new report from researchers at Rice University.
A new report recommends that auto companies strengthen industry collaboration, worker training and career opportunities in order to resolve a worsening talent crisis in their supply chains.
A judge has ordered a mental competency exam for a man accused of beheading a co-worker at a food processing plant in Oklahoma.
Designers need to solve problems with new solutions, less effort, more results, greater expression, increased reliably and confidence, and good quality.
Republican and Democratic lawmakers in the House have something in common: many issues with the Obama administration's new regulations requiring companies that drill for oil and natural gas to disclose chemicals used in hydraulic fracturing.
Monsanto Co. has agreed to pay $600,000 in fines for not reporting hundreds of uncontrolled releases of toxic chemicals at its eastern Idaho phosphate plant.
BMW is recalling nearly 49,000 motorcycles in the U.S. and Canada because flanges that hold the rear wheel can crack if bolts are too tight.
A recent nationwide poll showed Americans are evenly split between support and opposition for hydraulic fracturing in the U.S.
Steel Industry leaders gathered to address Congress yesterday, voicing their concerns about domestic steel procedures, trade policies and plant closures.