Deere & Co. posted a 27 percent decline in third-quarter profit Wednesday as the slumping global economy continued to depress sales of its tractors, bulldozers and other products. But the results easily beat Wall Street expectations. The world's largest maker of farm equipment said it expected the biggest single-year sales drop in at least 50 years in 2009, but reiterated an annual profit forecast of $1.
JAKARTA, Indonesia (AP) — A dump truck packed with more than 60 Indonesian plantation workers and their families overturned, killing at least 25 and injuring dozens, police and a doctor said Wednesday. At least three children were among the dead. The passengers were riding in the back of the open truck Tuesday night when the driver swerved to avoid damage in the road, which was under construction, and the vehicle flipped over near Sampit town in Central Kalimantan, police spokesman Made Ardana said.
FORT SMITH, Ark. (AP) -- The U.S. Department of Labor has announced that Gerber Products Co. in Fort Smith will pay $900,000 to settle allegations of hiring discrimination. The Labor Department's Office of Federal Contract Compliance Programs on Tuesday announced the agreement to pay 1,912 minorities and females.
SEATTLE (AP) — Two members of a family that owns an engine company in Washington state pleaded guilty Tuesday to federal charges of knowingly hiring undocumented workers. The case stems from an immigration raid in February on Yamato Engine Specialists of Bellingham — the first such action after President Barack Obama took office calling for stepped up efforts to prosecute the companies that hire undocumented workers.
MOSCOW (AP) — Rescue workers found two bodies Wednesday in the destroyed engine room of Russia's largest hydroelectric plant, raising the accident's official death toll to 14, officials said. Sixty other workers are missing and feared dead at the massive Sayano-Shushenskaya power station in southern Siberia after an explosion during repairs Monday blew out walls and caused the turbine room to flood.
CHICAGO, Ill. (AP) — The government is giving cash for clunkers. It isn't sending flowers. Still, a small-town florist in central Illinois has been fielding hundreds of calls a day from people inquiring about the rebate program after General Motors began advertising a national toll-free cash-for-clunkers number that's nearly identical to the shop's toll-free number.
DEARBORN, Mich. (AP) — Ford Motor Co. said Tuesday its future electric cars will "talk" to power grids across the country, allowing car owners to control when they charge vehicles and for how long. The nation's second-largest automaker released details of a two-year collaboration with 10 utility companies and the Department of Energy on the design of a system it hopes will drive greater interest in alternative energy vehicles.
DETROIT (AP) — General Motors Co. says it will add 60,000 vehicles to its production in the third and fourth quarters, spurred partly by demand from the government's Cash for Clunkers program. The automakers says it will bring back about 1,350 laid-off workers in the U.S. and Canada to bolster production at factories.
WASHINGTON (AP) -- Boeing Co.'s McDonnell Douglas Corp. received a $98 million contract to provide integration and production services for the laser joint direct attack munitions systems on various aircraft, the Pentagon said late Monday. The deal from the Air Force would apply to aircraft purchased under foreign military sales.
IRVINE, Calif. (AP) — Kia Motors America said Tuesday it will build the Sorento crossover at its manufacturing facility in West Point, Ga., making it the first vehicle to be built at the South Korean automaker's newly minted plant. Production is scheduled to begin at the plant — the automaker's first U.
DETROIT (AP) — Researchers at Michigan State University are working to turn the rutabaga into an oil-producing powerhouse that could make the turnip-like vegetable a better source of biofuel than other food crops. The idea is that the rutabaga, which stores oil in its seeds like some other biofuel crops, could be genetically modified to churn out more oil and store it throughout the plant.
ROSEMEAD, Calif. (AP) — First Solar Inc. and Southern California Edison said Tuesday they'll build two huge solar farms in Southern California. The power plants will be able to generate 550 megawatts of energy — enough to power about 170,000 homes, the companies said. Construction is expected to start in 2012 and end in 2015.
NEW YORK (AP) — All three U.S.-based automakers are doing a better job of satisfying their customers than they were a year ago, according to a recent survey. General Motors Co., Ford Motor Co. and Chrysler Group LLC all posted significant gains in this year's American Customer Satisfaction Index released Tuesday by the University of Michigan.
Charlottesville , VA — GE (NYSE: GE) and FANUC announced today that the two companies have agreed to dissolve the GE Fanuc Automation Corporation joint venture. This agreement would allow each company to refocus its investments to grow its existing businesses and pursue its respective core industry expertise.
OKLAHOMA CITY (AP) — Tinker Air Force Base officials gave political and business leaders and the media a look Monday at the new addition to the Tinker Aerospace Complex inside the shuttered General Motors Assembly Plant. Sen. Jim Inhofe, R-Okla., and state Treasurer Scott Meacham were on hand for a ribbon-cutting ceremony and open house at the addition, where workers will repair and maintain engines from Air Force and Navy aircraft such as the TF33 and the F-117.
PALO ALTO, Calif. — Tesla Motors will open a new power train production facility and corporate headquarters in Palo Alto, Calif., as the electric-car maker moves to expand production after a recent award of government loans, the company said Tuesday. The three-building facility at the Stanford Research Park will build components for Tesla's electric vehicles as well as parts for other automakers.
DETROIT (AP) — General Motors Co. said Monday it would explore developing an inexpensive small vehicle for emerging markets to compete with Tata Motors' Nano compact car. The Nano, which went on sale in India last month for about $2,000, is forcing automakers such as GM to consider a way to bring automobiles to consumers in developing countries at an affordable price point.
NEW YORK (AP) — Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday. The automaker could also build an engine for the 500 at a plant in Trenton, Mich., and is weighing building another compact car similar to the 500 in the U.
BOISE, Idaho (AP) — Cargill Inc. has gotten the green light from the state Public Utilities Commission for a plan to supply Idaho Power Co. with 2.13 megawatts of electricity from the Minneapolis-based agricultural conglomerate's poop-to-power plant near Jerome. Cargill's cow manure digester at the 10,000-cow Bettencourt Dairy in Hansen in southern Idaho is scheduled to begin operation on Sept.
Villagers in northern China clashed with police outside a lead smelter blamed in the poisoning of more than 600 children, reports said Monday. Several hundred villagers tore down fences and blocked traffic outside the Dongling Lead and Zinc Smelting Co.