Copper didn't have much of a chance to extend its brief rally. Weak manufacturing data from the United States and China combined with a stronger dollar Monday to snap two consecutive days of higher copper prices. Copper for September delivery fell 6.95 cents to settle at $4.41 a pound.
MONTGOMERY, Ala. (AP) — The largest employer in the small, northwest Alabama town of Hackleburg announced Monday night that it plans to rebuild a Wrangler plant wiped out by a massive April tornado, prompting cheers and celebration among workers and townsfolk. VF Corp. officials delivered the news that they would rebuild the distribution center destroyed by the April 27 storm that killed 18 people in Hackleburg in Marion County.
MARMADUKE, Ark. (AP) — A Brookland man who died after an accident at the American Railcar Industries factory in Marmaduke was electrocuted. The Greene County coroner says the state medical examiner has listed the cause of death of 28-year-old Joshua Buchanan on July 25 at American Railcar Industries as electrocution.
SEATTLE (AP) — Boeing Co. said Monday that it received an order from Korean Air for two additional 737-900 extended range jetliners worth $171.6 million at Boeing list prices. The airline said it is in the process of revamping its fleet with technologically advanced airplanes, and completed a cabin refurbishment project for its mid- to long-haul flights early this year.
WEST FARGO, N.D. (AP) — A $50 million expansion project is planned at a North Dakota heavy equipment manufacturing company. Caterpillar Inc. officials and Gov. Jack Dalrymple announced the plans Monday for the company's West Fargo plant. It's expected to create about 250 new jobs, nearly doubling the current workforce at the plant.
NEW YORK, (Kyodo) — Ford Motor Co. is recalling a total of 1.1 million pickup trucks over a problem related to metal straps holding gas tanks that could rust and cause the tanks to fall, the National Highway Traffic Safety Administration said Monday. The recall covers three types of pickup trucks, including certain 1997 through 2004 F-150 models, the NHTSA said.
DETROIT (AP) — Car shoppers worried about the U.S. economy last month and that kept sales in a funk. U.S. sales of new cars and light trucks are expected to rise only slightly in July, as the debate over the debt limit and other economic worries kept buyers at home. Automakers are scheduled to report July sales starting around 11 a.
ORLANDO, Fla. (AP) — Defense contractor Lockheed Martin said Monday that it has received a $60 million contract from the Army to provide a night vision sensor for Apache attack helicopters. The follow-on pact includes 23 Arrowhead night vision sensor kits for the National Guard, plus U.
TOKYO, Aug. 1 (Kyodo) — Honda Motor Co. is considering building a new plant in Mexico to make the Fit subcompact, which is currently exported to North America from Japan, company officials said Monday. Honda may begin building the plant as soon as next year with the aim of starting production in 2014, the officials said.
SHANGHAI, Aug. 1 (Kyodo) — After China confirmed for the first time last week that it is pursuing an aircraft carrier program, residents in Changxing Island just north of Shanghai said authorities have secretly recruited 10,000 workers in an apparent move to build China's first domestic aircraft carrier.
WASHINGTON (AP) — President Barack Obama and automakers ushered in what could be the largest cut in fuel consumption since the 1970s on Friday with a deal that would save drivers money at the pump and dramatically cut heat-trapping gases coming from tailpipes. The agreement pledges to double overall fuel economy to 54.
WASHINGTON (AP) — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity fell to 50.9 percent in July from 55.
DETROIT (AP) — Auto parts supplier American Axle & Manufacturing Holdings Inc. said Friday that its second-quarter profit nearly doubled on higher sales stemming from the continued increase in vehicle production. The Detroit-based company also boosted its profit prediction for the full year, citing updated production schedules at its customers and continued recovery in consumer demand for full-size pickup trucks and sport utility vehicles.
NASHVILLE, Tenn. (AP) — General Motors received nearly $17 million in job-training grants from the state of Tennessee nearly three years ago, tapping an unexpected source of cash at a time the automaker teetered on the brink of collapse, according to a published report. Those grants made GM the biggest single recipient of cash for job training from the Tennessee Department of Economic and Community Development, according to a database obtained by The Tennessean.
COUNCIL BLUFFS, Iowa (AP) — Tyson Foods Inc. is moving ahead with a $48 million renovation at one of its plants in Council Bluffs. The Springville, Ark.-based company says Friday it will convert its cooked meats plant into a dry sausage and pepperoni operation. The project includes new equipment and a 60,000 square foot addition.
RALEIGH, N.C. (AP) — All North Carolina operations of a chicken processor bought out of bankruptcy earlier this year are closing, leaving more than 1,000 people jobless. The closure of the Townsends plants in Siler City and Mocksville also ends contracts with about 200 chicken farmers in four counties, the News & Observer of Raleigh reported Saturday.
PEORIA, Ill. (AP) — A 51-year-old man is dead after an accident at the Keystone Steel & Wire Co. plant in central Illinois. Peoria County Coroner Johnna Ingersoll says maintenance worker David Hezlet of Cuba, Ill., was pronounced dead Sunday afternoon at OSF Saint Francis Medical Center.
MOORHEAD, Minn. (AP) — The union representing sugar processors says over 1,200 employees have been turned away from seven American Crystal Sugar plants in Minnesota, North Dakota and Iowa. Their labor contract expired at midnight Sunday after workers overwhelmingly rejected the company's final offer.
WASHINGTON (AP) — Medical device maker Boston Scientific Corp. reported better-than-expected earnings for the second quarter Thursday and announced it would reduce its staff by between 5 and 6 percent to streamline operations. The company announced a global restructuring program to eliminate unnecessary administrative positions and automate some production work.
NEW ORLEANS (AP) — More than two years after unveiling a plan to build a fuel-efficient vehicle in Louisiana, startup automaker Next Autoworks Co. continues to play a long waiting game for federal financing with no end in sight. Touted in 2009 as one of the biggest all-new industrial projects in years, what was first known as V-Vehicle Co.