CHICAGO (AP) — Industrial maintenance and safety products supplier W.W. Grainger Inc. plans to buy European fastener distributor Fabory Group for $344 million to boost its product offerings. Fabory, based in the Netherlands, sells its 80,000 products in 14 countries. It had 2010 revenue of about $300 million.
AMES, Iowa (AP) — More than half the manufacturers surveyed in six western Iowa counties say they are being affected by Missouri River flooding. The flooding has played havoc with transportation logistics and employee commuting, given the blockages of Interstate 29 and the closing of some Nebraska-Iowa bridges over the river.
OWENSBORO, Ky. (AP) — A Daviess County jury has ruled that Daramic Inc. did not discriminate when it fired two older workers at its Owensboro plant. Paul Mitchell and Paul Stinnett filed suit after they were fired in Oct. 2008. Mitchell, the plant's production scheduler, was 59 at the time and had been with the company for 17 years.
STERLING HEIGHTS, Mich. (AP) — General Dynamics Corp.'s land systems unit has been awarded two contracts to provide tank work for Saudi Arabia with a combined value of $42.4 million. The contracts were awarded by the U.S. Army on behalf of the Royal Saudi Land Forces. This work is part of a plan by Saudi Arabia to upgrade its fleet of 314 Abrams tanks.
WICHITA, Kan. (AP) — A longtime Wichita aircraft worker has died from injuries he suffered in an accident on the job. Officials of Spirit Aerosystems say Jerry Milligan was injured Thursday afternoon when he and other workers were moving a fuselage panel. Milligan died Saturday at a Wichita hospital.
NEW HAVEN, Ind. (AP) — Northeastern Indiana residents irritated for years by an aluminum smelting plant's emissions are now worried a proposed copper wire plant nearby will worsen the region's air quality. New Haven resident Don Markley says he and his neighbors have for years endured the health impacts of emissions from OmniSource Superior Aluminum.
MOUNTAIN VIEW, California (AP) — Google Inc. is buying cell phone maker Motorola Mobility Holdings Inc. for $12.5 billion in cash. It's by far Google's biggest acquisition and a sign the online search leader is serious about expanding beyond its core Internet business and setting the agenda in the fast-growing mobile market.
DETROIT (AP) — Honda Motor Co. plans to build an $800 million factory in Mexico to make small cars for customers in North America, the company said Friday. The plant, near Celaya, Guanajuato, north of Mexico City, is expected to open in 2014 and will employ 3,200 workers from the region, Honda said in a statement.
WASHINGTON (AP) — Consumers spent more on autos, furniture, clothing and gas in July, pushing up retail sales by the largest amount in four months. The gain signaled that Americans are a little more confident in the economy and could helped dispel fears that the country is headed for another recession.
STOCKHOLM (AP) — The owner of Sweden's Saab is issuing new shares under a €150 million ($214 million) equity facility to keep the troubled car maker afloat. Swedish Automobile, or Swan, said Monday it is issuing 4 million new shares under an existing agreement with GEM Global Yield Fund Limited.
WASHINGTON (AP) — For the dozen lawmakers tasked with producing a deficit-cutting plan, the threatened "doomsday" defense cuts hit close to home. The six Republicans and six Democrats represent states where the biggest military contractors — Lockheed Martin, General Dynamics Corp.
BEIJING, Aug. 15 (Kyodo) — Toyota Motor Corp.'s China subsidiary said Monday it will recall 33,380 Toyota Corolla EX sedans for repair to fix an engine computer malfunction. The company said the onboard computer controlling engine functions may fail when the computer case is exposed to static electricity, making it impossible to start the engine or causing the engine to stall.
FORT SMITH, Ark. (AP) — A spokeswoman for Whirlpool Corp. says up to 270 employees may be laid off from the company's Fort Smith plant. Kristine Vernier released a statement Thursday saying up to 250 hourly and 20 salaried employees may be laid off. Vernier said the possible cutbacks are because of an expected reduced demand for side-by-side refrigerators and the softening of the economy.
MARIETTA, Ga. (AP) — Gov. Nathan Deal's office has announced that a pharmaceutical firm plans to open a research and development and manufacturing operation in Marietta. Deal says that Osmotica Pharmaceutical Corp. plans to create 156 jobs over five years. He said in a statement that the plans represent a $20 million investment over the next five years.
The union that represents ramp workers at United Airlines won an election on Thursday to cover more than 14,000 workers as it combines with Continental. It's a big win for the International Association of Machinists and Aerospace Workers, which just gained more than 7,300 Continental workers from the International Brotherhood of Teamsters.
FALLS CHURCH, Va. (AP) — Privately held defense contractor DynCorp International said Thursday it won a deal worth up to $490 million for aircraft maintenance at a Navy facility in Maryland. The contract has a base year value of $92.8 million plus four option years. DynCorp will provide maintenance help at the Navy's air warfare center in Patuxent River, Md.
NEW YORK (AP) — Exxon reclaimed the title of the most valuable company in America from Apple, thanks to an increase in the price of oil. Shares of Apple Inc., which makes the iPhone and iPad, rose 2.8 percent to $373.70. But Exxon Mobil Corp. shares had an even better day, rising 5.
PITTSBURGH (AP) — Thirty miles north of Pittsburgh, where industrial giants like U.S. Steel were just beginning to forge the metallic backbone of the nation's upcoming World War II machine, a tiny company that made even tinier cars developed the prototype for a vehicle that would revolutionize the way soldiers traveled: the Jeep.
DES MOINES, Iowa (AP) — ConAgra Foods Inc. is closing its microwave popcorn plant in Hamburg, Iowa and cutting 95 jobs, a move the company says is needed to improve efficiency. The company, based in Omaha, Neb., says it will close the plant in October and move the operations to its other popcorn facilities.
WASHINGTON (AP) — After calamitous losses on Wall Street and fears of another recession, the economy got a dose of good news Thursday: The number of people applying for unemployment benefits fell below 400,000 for the first time since April. Layoffs are easing in most states, and some economists are predicting mild improvement in job growth.