A Montana jury has awarded an office supply manufacturer $52 million in its lawsuit against its former bank. Masters Group International Inc. sued Comerica Inc. after the bank reneged on a November 2008 agreement to delay collection of a $10.5 million line of credit while Masters negotiated another credit line.
Authorities on Tuesday recovered the body of a second worker who was killed when an Omaha animal feed manufacturing plant collapsed, while federal investigators tried to pinpoint a cause of the industrial accident that killed two and injured 17.
Sandvik, Inc., manufacturer of carbide inserts for the metal cutting industry and subsidiary of the Swedish company Sandvik, AB, is expanding its operations in Oconee County. The $12 million investment is expected to increase the company's production at its Westminster facility.
A federal indictment says officials at dietary supplement maker Star Scientific Inc., which is central to a gift scandal involving former Gov. Bob McDonnell, discussed using Virginia state employees as test subjects for one of their products.
The Arkansas Economic Development Commission says it's negotiated an agreement for Hewlett-Packard Co. to repay $459,000 of the state incentives it received to build a customer-service center in Conway. The company received $10 million from an incentive fund the governor controls to go toward infrastructure for the Conway center.
The measure would prevent Nebraska retailers from selling the lighters, some of which resemble animals, tractors, blower dryers, and cameras and which sometimes make noise. Firefighting groups say the lighters are more likely to catch a child's eye, while opponents question whether they pose a greater threat than regular lighters or candles.
The accord, reached Wednesday, came after 10 days of negotiations between the government, the company, and unions. The office of Prime Minister Jean-Marc Ayrault said the "end of conflict protocol" puts an end to the occupation of the factory by workers demanding new negotiations over severance packages.
A federal agency says a second, likely less toxic chemical also was released during a spill that contaminated the water supply for 300,000 West Virginians. The Centers for Disease Control and Prevention says a storage tank that leaked a coal-cleaning chemical also contained a mixture of polyglycol ethers, or PPH.
A Gettysburg Hospital spokesman said seven people were taken there for potential exposure to the chemical toluene, while a county emergency official said two others were treated at nearby Waynesboro Hospital.
A former Halliburton manager apologized to his family and friends Tuesday before a federal judge sentenced him to one year of probation for destroying evidence in the aftermath of BP's massive 2010 oil spill in the Gulf of Mexico.
Chipmaker Texas Instruments Inc. said Tuesday that it will cut 1,100 jobs worldwide, about 3 percent of its workforce, to trim costs and will reduce its investments in certain markets. The company said the cuts in its embedded processing unit and in Japan will result in $130 million in annual savings by the end of 2014. The job cuts are in the U.S., India, and Japan.
A steel company based in suburban-Chicago is planning to open a plant in the Athens area. The Decatur Daily reports Nexus AG Holdings is buying a 300,000 square-foot building from Calhoun Community College and Alliance Steel will put a steel coil company in the building.
Michigan-based Janesville Acoustics announced that the plant will supply the Chevrolet Malibu model built at GM's Fairfax plant in Kansas City, Kan. The plant is expected to create 164 jobs in the next two years.
The National Highway Traffic Safety Administration seeks to upgrade standards for child seats for children weighing up to 40 pounds to include a new test that simulates a side crash. The agency estimates the standards will prevent the deaths of about five children and injuries to 64 others each year.
None of the 12 minicars tested got the highest rating of "good" from the Insurance Institute for Highway Safety. The Chevrolet Spark was the only car that earned the second-highest rating of "acceptable." Six of the cars — including the segment's best-seller, the Nissan Versa — got the lowest rating of "poor."
The HELLA Group, one of the world's leading automotive suppliers, has officially opened its fifth production plant in Mexico - a $90 million facility built in just eleven months in Irapuato in the State of Guanajuato. The new industrial complex will generate approximately 1,500 new jobs over the medium term.
Chinese state media say police seized almost 60,000 suspects involved in intellectual property infringement cases with a total estimated value of $28 billion in 2013. The official Xinhua News Agency says more than 90 million tons of counterfeit and substandard goods were confiscated last year, and more than 1,000 criminal networks smashed.
At the end of December 2013, Volvo Construction Equipment’s site in Braås, Sweden, completed its journey towards becoming carbon dioxide neutral. It is the first construction equipment production facility in the world to be powered entirely by renewable energy.
As previously announced, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the UAW) have entered into a memorandum of understanding to supplement Chrysler Group’s existing collective bargaining agreement.
Bombardier says it plans 1,700 layoffs from its aerospace division. The Montreal-based company told employees Tuesday that the cuts are required due to delays in the launch of new planes and tough market conditions. Bombardier Inc. says it needs to preserve cash.