ArcelorMittal SA, the world's largest steelmaker, slumped to a first-quarter loss, even as the company's chief executive said restructuring efforts are starting to pay off and the steel market is stabilizing after a big reverse in the middle of last year.
State and local leaders in Grand Forks announced Thursday plans to build a new $1.5 billion nitrogen fertilizer production facility northwest of Grand Forks. Gov. Jack Dalrymple and Grand Forks Mayor Michael Brown were joined by others in announcing that Northern Plains Nitrogen intended to build the new facility.
An 83-year-old nun and two fellow protesters were convicted Wednesday of interfering with national security when they broke into a nuclear weapons facility in Tennessee and defaced a uranium processing plant. It took a jury about 2 ½ hours to find the three protesters guilty of a charge of sabotaging the plant and second charge of damaging federal property in July the Y-12 National Security Complex in Oak Ridge in July.
The Tesla Motors Inc. Model S electric car has tied an older Lexus for the highest score ever recorded in Consumer Reports magazine's automotive testing. The Model S, which starts at $62,400 after a federal tax credit, scored 99 points on a scale of 100 in the magazine's battery of tests.
A Michigan company that received a $50 million federal loan to make vans for the disabled has stopped production and laid off its 100 workers. Vehicle Production Group, or VPG, suspended operations in February after its finances dipped below a minimum level required as a condition of the federal loan.
A Japanese auto parts manufacturer plans to add more assembly lines and hire another 200 workers at an existing North Carolina factory by the end of 2016. Gov. Pat McCrory's office said Wednesday that ASMO North America's Greenville plant already employs more than 530 people who produce parts for front wipers and for radiator fan motors.
Honeywell plans to close a plant in eastern Pennsylvania by the first quarter of next year, idling more than 100 workers. The Honeywell Process Solutions plant in York makes products used in the natural gas industry. The company specializes in energy efficiency products.
Wholesale businesses stepped up their restocking of supplies in March, but their sales fell sharply. The Commerce Department said Thursday that stockpiles held by wholesalers rose 0.4 percent in March compared with February, when they had fallen 0.3 percent.
An 83-year-old nun and two other protesters accused of defacing a Tennessee nuclear weapons plant said Wednesday they have no remorse for their actions and were pleased to reach one of the most secure parts of the facility. Sister Megan Rice, Michael Walli and Greg Boertje-Obed testified on their own behalf during their federal trial on charges related to the July intrusion at the Y-12 National Security Complex in Oak Ridge.
Two people are hospitalized in Tulsa after an explosion outside a sandblasting plant in Eufaula. McIntosh County Sheriff Kevin Ledbetter told reporters the two were injured in the blast at Ford Sandblasting in west Eufaula shortly after noon Tuesday. Officials say the two suffered burns in the blast but their names and conditions were not immediately released.
A bill introduced in the Senate on Tuesday would require the president to block imports of products using stolen U.S. technology or made by companies implicated in computer theft. Washington's sudden focus on Chinese hacking comes after rising complaints from U.S. businesses about theft of trade secrets.
China reported stronger April trade but analysts said export data were inflated and its shaky recovery might be weaker than it looks. Exports rose 14.7 percent over a year earlier, up from March's 10 percent growth, customs data showed Wednesday. Imports gained 16.8 percent, up from the previous month's 14.1 percent.
The German government plans to give companies' shareholders a greater say in setting managers' pay. The proposal follows a similar decision by voters in neighboring Switzerland this year and comes as Germany prepares for national elections.
United Airlines expects to start flying its Boeing 787s again on May 20. The 787s had been grounded because of concerns about smoldering batteries, but they have been returning to the skies. Ethiopian Airlines was the first to fly a 787 again, on April 27.
Greenlee continues to expand its Professional Tool Specialist program with the launch of three additional trucks and trailers. The new vehicles will allow Greenlee specialists to further provide value-added services to end users, such as tool demonstrations, joint sales calls, technical support, and safety presentations.