NEW YORK (AP) — Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through three bosses in quick succession just because it's turned a profit for a few months? That is essentially what General Motors will ask investors to do when it takes itself public again with one of the largest initial stock offerings ever.
CHEYENNE, Wyo. (AP) — Wyoming no longer is the nation's deadliest place to work, a dubious distinction that now belongs to Montana. The number of workers killed on the job in Montana increased from 40 in 2008 to 50 in 2009, according to figures released Thursday by the Bureau of Labor Statistics.
HARTFORD, Conn. (AP) — Jet engine manufacturer Pratt & Whitney said Thursday that declining work is forcing it to lay off about a quarter of its hourly labor force at a repair plant, prompting the workers' union to question whether the company is violating a federal court order barring it from moving jobs out of the state.
Caterpillar Inc. officials said Thursday they don't expect a double-dip recession because the world's central banks haven't made major errors and the economy has been improving throughout 2010, especially in the developing world. New CEO Doug Oberhelman and other executives met with analysts in New York and discussed the opportunities ahead for the world's largest maker of construction and mining equipment.
MUMBAI, India (AP) — The U.S. says it is not pressuring India to drop claims against an American corporation linked to the 1984 Bhopal gas tragedy, trying to cool a furore over leaked emails that suggest high-level heavying in advance of President Barack Obama's November India trip. The outcry over the e-mail exchange between a U.
The Emerging Technology Center at the 2010 IMTS has some big shoes to fill: none other than the Apollo 11 moon landing. Check out this teaser video to see what new technologies IMTS is bringing to the table, which include nanotechnology and more. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
The International Manufacturing Technology Show, which will be held at McCormick Place in Chicago, IL, on Sept. 13-18, 2010, is shaping up to be an interesting event. Douglas Woods, president of AMT, explains what makes IMTS different. If you're having trouble watching this video, try downloading the latest version of Flash Player or contacting your IT department.
CEDAR RAPIDS, Iowa (AP) — Cedar Rapids-based Rockwell Collins has been awarded a $140 million contact by the U.S. Air Force to develop a high performance system for testing military weapons. The technology is called the Common Range Integrated Instrumentation System, or CRIIS. The company says in a news release Tuesday that the system will give the military the ability to effectively test weapons systems so the next generation weapons can be deployed to the field more quickly.
ST. MARYS, Pa. (AP) — For years, it was the way breweries did business: sell bottles, then take back the empties. It just made sense, especially to folks weaned in the lean days of the Great Depression and World War II, that bottles should be scrubbed and refilled, not thrown away. These days, in a culture where nearly everything is disposable, recycling is a rite and energy costs are high, the decision of whether to toss tradition into the trash heap lies with one brewery about 100 miles northeast of Pittsburgh.
SHANGHAI (AP) — General Motors Co. and Chinese partner SAIC announced Wednesday plans for joint development of fuel-efficient small engines and transmissions, focusing squarely on the fastest-growing part of China's huge auto market. The companies, which run several joint ventures including their flagship Shanghai GM, will develop a 1 liter to 1.
SHENZHEN, China (AP) — Young workers who normally spend their days assembling iPhones and other high-tech gadgets packed a stadium at their massive campus Wednesday, waving pompoms and shouting slogans at a rally to raise morale following a string of suicides at the company's heavily regimented factories.
OMAHA, Nebraska (AP) — Deere & Co. said Wednesday its third-quarter profit grew 47 percent because American and Canadian farmers bought enough of the company's large equipment to offset a sharp downturn in Europe, but Deere kept its forecast for the year conservative. The company reported $617 million net income, or $1.
FORT WAYNE, Ind. (AP) — A union official at the Navistar International plant in Fort Wayne says the company has told workers it plans to phase out its operations in that city within three years. United Auto Workers Local 2911 President Tom Burkholder says workers got that message Tuesday but it could be a negotiating stategy.
BRIDGEPORT, Conn. (AP) — A lawyer for a New Jersey man says he'll be filing a $6 million federal lawsuit over injuries his client suffered in a Connecticut power plant explosion that killed six people in February. Attorney William Bloss says the lawsuit will be filed Tuesday morning in U.
WASHINGTON (AP) — Industrial production rose in July on the strength of U.S. manufacturing, as auto factories stayed open and businesses replaced worn-out equipment. Output at the nation's factories, mines and utilities increased 1.0 percent last month, the Federal Reserve reported Tuesday.
BEIJING (AP) — The death toll from a massive explosion at a fireworks factory in northeast China rose Tuesday to at least 19 workers, with five still missing. Up to 50 people were working at the fireworks factory in the Heilongjiang province city of Yichun when it was rocked by the explosion Monday, damaging nearby buildings and sparking secondary blasts, according to a statement on the local government's website.
KANSAS CITY, Mo. (AP) — Fourteen protesters have been arrested at the construction site of a Kansas City plant that will make parts for nuclear arms. The Kansas City Star reports Monday's arrests came as about 75 people locked arms and marched onto the excavation site. The $685 million Honeywell plant is being built in southern Kansas City.
WASHINGTON (AP) — General Motors is recalling nearly 250,000 crossover vehicles worldwide to inspect second-row seat belts that could be damaged and not latch. GM says the recall affects 2009-2010 models of the Chevrolet Traverse, Buick Enclave, GMC Acadia and Saturn Outlook. Most of the recalled vehicles are in the United States but some are also in Canada, Mexico and elsewhere.
MENOMONEE FALLS, Wis. (AP) — President Barack Obama says a Milwaukee-area battery plant represents the country's future in renewable energy. Obama visited ZBB Energy Corp. in Menomonee Falls on Monday morning. The company makes batteries and fuel cells that get used in renewable-energy products.
August 16, 2010 INDIANAPOLIS (AP) — The United Auto Workers union has decided not to go ahead with a vote on a new wage-cutting contract for a General Motors stamping plant in Indianapolis that is facing sale. UAW Local 23 bargaining chairman Gregory Clark says members won't vote on the proposed contract, which would cut base wages from $29 per hour to $15.