CLEVELAND – BDI recently announced the acquisition of Gopher Bearing Company’s St. Paul and Winona, Minnesota locations, effective January 1, 2011. Gopher Bearing Company has served businesses in the Twins Cities area since 1946. St. Paul-based Gopher Bearing, a division of BDI, will provide enhanced support and solutions to customers in the Twin Cities.
An American company seeking to make headway in the foreign-dominated electric car battery industry will be in the spotlight Wednesday when Vice President Joe Biden visits its plant in central Indiana. Biden will be in Greenfield, about 25 miles east of Indianapolis, to visit an Ener1 Inc.
WASHINGTON (AP) — President Barack Obama's call to lower corporate tax rates is popular among business leaders and lawmakers from both parties. That support, however, won't be easy to maintain if the president ever gets specific about how to pay for the lower taxes. Obama said in his State of the Union address that he wants to close corporate tax loopholes and use the additional revenue to lower corporate tax rates for the first time in 25 years — without adding to the budget deficit.
SAN FRANCISCO (AP) — Google Inc. plans to hire more than 6,200 workers this year — boosting its work force by at least a quarter — in the biggest expansion yet by the Internet's most profitable company. The hiring spree comes as President Barack Obama emphasized the need for more jobs during his State of the Union address Tuesday night.
ROSCOE, Ill. (AP) — There's some good economic news on the horizon for the northern Illinois community of Roscoe. The Rockford Register Star reports that American Aluminum Extrusions Co. intends to open a plant in Roscoe that will create 130 jobs by 2013. Village President Dave Krienke says the Beloit, Wis.
DAVOS, Switzerland (AP) — It may be time to stop referring to China, the world's second-biggest economy after the U.S., as an emerging nation and focus on creating jobs now that the global recovery appears to have gotten a toehold. That's what top business leaders, politicians and social activists discussed, among other issues, on the first day of the World Economic Forum on Wednesday.
SEATTLE (AP) — Boeing Co. won a $1.6 billion to build the P-8A Poseidon aircraft for the U.S. Navy. The company said Tuesday the contract calls for the delivery of six of the aircraft, along with spares, logistics and training devices. Boeing said the Navy ultimately plans to buy 117 of the 737-based aircraft, which are used for anti-submarine warfare, anti-surface warfare, intelligence, and surveillance.
TOKYO (AP) — Toyota recalled nearly 1.7 million cars worldwide Wednesday for fuel leaks, the latest in a ballooning number of quality problems that could add another dent to its tarnished reputation in the crucial U.S. market. Toyota's latest recalls are mostly in Japan, but they also include the IS and GS Lexus luxury models in North America, where the world's No.
MISUMI USA , Inc. (Schaumburg, IL), a subsidiary of MISUMI Corporation, part of MISUMI Group, Inc. , is pleased to kick off 2011 with a special promotional offer to first-time purchasers of products from the company’s new 2011 Metric Components e-Catalog. Patrick Esposito, Marketing Manager for MISUMI USA, Inc.
ROCHESTER, N.Y. (AP) — Eastman Kodak Co. lost a crucial opening round Monday in a high-stakes patent dispute over whether iPhones and BlackBerry camera phones infringe on its digital-imaging technology. The U.S. International Trade Commission in Washington said in a preliminary ruling that Apple Inc.
BEIJING (AP) — An official Chinese newspaper on Tuesday dismissed a report that the country used technology taken from a downed U.S. airplane in its own stealth fighter program. Chinese officials this month staged the first-known test flight of the J-20 prototype stealth fighter that could one day challenge American air superiority.
3M profit dips in 4Q, lifts forecast for 2011 NEW YORK (AP) — 3M Co. on Tuesday raised its profit expectations for the new year, saying research and investments in new products are paying off. 3M said net income dipped slightly in the last quarter of 2010 because of higher costs.
MILWAUKEE (AP) — Harley-Davidson Inc. cut its fourth-quarter loss, getting a ride from a restructuring and a strong performance from its financial services unit even as motorcycle sales slumped. The Milwaukee company on Tuesday reported a net loss of $46.8 million, or 20 cents per share, a vast improvement over the $218.
FLINT, Mich. (AP) — General Motors has a shot at being No. 1 again. The resurgent automaker reported Monday that its worldwide sales last year came within 30,000 of beating Japanese rival Toyota, which took a big hit because of safety recalls. GM is hiring, producing more and basking in a better reputation for quality.
HONOLULU (AP) — A former B-2 stealth bomber engineer was sentenced to 32 years in prison Monday for selling military secrets to China in the latest of several high-profile cases of Chinese espionage in the U.S. Chief U.S. District Judge Susan Oki Mollway said Noshir Gowadia, 66, would likely be in his late 80s by the time he is released if he gets credit for good behavior in prison.
TORRANCE, Calif. (AP) — Toyota Motor Sales has opened two more U.S. product quality field offices, more than a year after safety-related product recalls bruised the company's reputation for building safe, reliable cars. The offices, located in Houston and Jacksonville, Fla., will put more Toyota researchers in the field, helping the Japanese auto giant detect and address quality problems, the company said.
BRUSSELS (AP) — Chinese officials recently unveiled a new, high-tech stealth fighter that could pose a significant threat to American air superiority — and some of its technology, it turns out, may well have come from the U.S. itself. Balkan military officials and other experts have told The Associated Press that in all probability the Chinese gleaned some of their technological know-how from an American F-117 Nighthawk that was shot down over Serbia in 1999.
WASHINGTON (AP) — Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade. A new survey from the National Association for Business Economics finds that economists are more hopeful about overall economic growth, the job market and demand for companies' products and services by many measures than they have been since the start of the Great Recession.
WASHINGTON (AP) — President Barack Obama pitched freer trade as a prescription for U.S. job growth Saturday and said the nation must spare no effort to open markets abroad. Warming up for a State of the Union address that is expected to focus on jobs and the economy, Obama said in his weekly radio and Internet address Saturday that getting access to foreign markets is the reason he met China's President Hu Jintao at the White House in the past week.
LOS ANGELES (AP) — The brightest bulb in most homes for more than a century is fading toward darkness this year as California turns out the light on the century-old incandescent. Beginning Jan. 1, the state began phasing out certain energy-sucking bulbs, federal standards the rest of the country will enact next year.