WASHINGTON (AP) — The U.S. Justice Department said Friday that Samsung SDI Co. has agreed to plead guilty in a price-fixing conspiracy and pay a $32 million fine. The Justice Department said Samsung SDI, part of South Korea's Samsung Electronics Co., conspired to fix prices, reduce output and allocate market shares of color display tubes, a type of cathode ray tube used in computer monitors and other devices.
Nissan Motor Co. plans to resume auto and parts production at more Japanese factories next week, but it may be several months before inventories and other elements of the country's auto industry return to normal. Nissan said it will resume production of parts at five plants Monday. It then plans to resume vehicle production Thursday as long as supplies last.
NEW YORK (AP) — GM said Saturday it is cutting unnecessary spending companywide as it assesses the impact of production disruptions from the earthquake and tsunami in Japan. The move will help the automaker preserve cash as it deals with the financial implications from shortages of parts made in Japan, a company spokesman said.
ST. PAUL, Minn. (AP) — 3M Co. has agreed to pay up to $12 million to settle an age-discrimination lawsuit with as many as 7,000 current and former employees. The 2004 lawsuit targeted the company's performance-review system, alleging that older workers were disproportionately downgraded. It also accused the company of favoring younger employees for certain training opportunities that could fast-track them for promotions.
WASHINGTON (AP) — Factories are producing more cars, computers and household appliances, and applications for unemployment benefits over the past four weeks are at the lowest point since summer 2008. Economic data released Thursday suggest that March will be the second straight month of strong job growth.
DETROIT (AP) — A shortage of parts from Japan will force General Motors Co. to halt production at its pickupplant in Shreveport, La., next week, the company said Thursday. It's the first time a U.S.-based automaker will stop production in North America over parts shortages caused by the earthquake and tsunami in Japan.
WASHINGTON (AP) — Inflation spooked the nation in the early 1980s. It surged and kept rising until it topped 13 percent. These days, inflation is much lower. Yet to many Americans, it feels worse now. And for a good reason: Their income has been even flatter than inflation. Back in the '80's, the money people made typically more than made up for high inflation.
NASHVILLE, Tenn. (AP) — An Alabama company has bought the assets of a Nashville weapons manufacturerwhose former owner and operators face federal charges of illegally exporting weapon parts overseas. Manroy USA, headquartered in Scottsboro, Ala., finalized the $4.95 million sale this week in a federal bankruptcy court auction for Sabre Defence Industries, LLC, which has current contracts with the military to provide parts for the .
BEIJING (AP) — Three senior officials in central China have been suspended and more than two dozen others punished after pigs in farms there tested positive for a banned chemical that can be dangerous to humans, state media said Friday. Tainted pork has become the latest food safety scandal to shock China after state broadcaster CCTV ran an expose earlier this week showing that several farms in Henan province were using the fat-burning drug, clenbuterol, in pig feed.
DETROIT (AP) — The Detroit News' auto critic said Thursday that he resigned because editors demanded that he delete sections of a scathing review of the Chrysler 200, a car promoted in a popular Super Bowl television ad starring rapper Eminem. Scott Burgess' original review made it into the newspaper's March 10 print edition.
CHICAGO — Prime Advantage, the leading buying consortium for midsized industrial manufacturers, announced the findings of its third annual Group CFO Survey, revealing the top financial concerns of its member companies’ CFOs in 2011. CFOs are seeing solid signs of the economic recovery in U.
January U.S. manufacturing technology consumption totaled $371.41 million, according to AMTDA, the American Machine Tool Distributors’ Association and AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTC program, was down 16.
TOKYO (AP) — It took only minutes for the earthquake and tsunami to devastate Japan's northeast. Rebuilding will take years — if it can be afforded. The relentless wall of water that the quake unleashed killed thousands, swept away whole towns, inundated roads and knocked ports, oil refineries, steel plants and factories out of action.
SOUTH BEND, Ind. (AP) — The 20-year-old Notre Dame student who was killed when the hydraulic lift he was on fell over as he filmed the football team on a windy day had expressed displeasure about practice being held outside, according to a state report released Tuesday. Declan Sullivan wasn't happy when he found out the team would be practicing outside last Oct.
DETROIT (AP) — Two Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from Japan after that country's devastating earthquake and tsunami. Subaru of America said Tuesday it has suspended overtime at its only North American plant in Lafayette, Ind.
LOUISVILLE, Ky. (AP) — Ford Motor Co. CEO Alan Mulally previewed his company's next Kentucky-made vehicle Tuesday night, saying the new version of the Escape small SUV that will roll off the assembly line at a retooled Louisville manufacturing plant will be transformational. Mulally also praised the automaker's partnership with Louisville, calling the city where Ford has twomanufacturing plants a "center of excellence.
LEXINGTON, Ky. (AP) — Toyota manufacturing employees in North America who donate money to earthquake and tsunami relief in Japan will have their gifts matched by the company. Employees, temporary workers and contractors are all eligible, and there is no cap on the match. Spokesman Rick Hesterberg told the Lexington Herald-Leader that the Erlanger-based manufacturing operations will match donations dollar for dollar.
JEFFERSON CITY, Mo. (AP) — Missouri senators gave first-round approval Tuesday to legislation that restricts employees from suing co-workers over injuries incurred on the job. The legislation also expressly states that occupational diseases, such as health problems associated with asbestos exposure in a workplace, are covered by the state workers' compensation system.
PARIS (AP) — A security agent for Renault has been charged with fraud and accused of inventing industrial espionage claims that led the French carmaker to wrongly suspect — and suspend — three executives, the state prosecutor said Monday. The cloak-and-dagger affair, in the public eye since January, was deeply embarrassing for France's second biggest carmaker, which announced that all executives involved, including president Carlos Ghosn and chief operating officer Patrick Pelata, would forego all stock option benefits for 2011 and the "variable portion" of their 2010 earnings.
DALLAS (AP) — Chip maker Texas Instruments Inc. said Monday that "substantial" damage to one of its majormanufacturing plants near Tokyo in last week's earthquake will result in extra costs and lost revenue in the first half of this year. The Miho plant, which produces mostly analog chips but also makes digital light processing technology used in televisions and projectors, won't return to full production until mid-July.