WASHINGTON (AP) — Halliburton Co. acknowledged that it skipped a critical test on the final formulation of cement used to seal BP's oil well before it blew out catastrophically in the Gulf of Mexico. The company, which was BP's cementing contractor, came under increased scrutiny when investigators from the president's oil spill commission revealed Thursday that tests performed by the company before the deadly blowout showed the cement to be unstable.
TOKYO (AP) — Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green cars drove sales higher. Honda, the manufacturer of the Insight hybrid, Accord sedan and Asimo human-shaped robot, said Friday its second quarter profit more than doubled to 135.
NEW YORK (AP) — Specialty vehicle maker Oshkosh Corp. on Thursday reported lower net income for its fiscal fourth-quarter that missed Wall Street expectations. For the three months ended Sept. 30, the Oshkosh, Wis., company earned $116.6 million, or $1.28 per share. That's compared with $140.
SUSSEX, Wis. (AP) — The Wisconsin company that prints Newsweek, Sports Illustrated and L.L. Bean catalogs says it plans to hire hundreds of people immediately. Quad/Graphics is restarting equipment in Wisconsin that was shut down during the recession. The Sussex company is closing plants in Ohio, Mississippi, Tennessee and Nevada and moving production to Wisconsin.
SOUTH BEND, Ind. (AP) — As the Notre Dame football team drilled on its practice field, Declan Sullivan stood high above the turf in a hydraulic lift, videotaping the session so players could get an aerial view of their performance. Suddenly, the wind, already whipping so much that Sullivan tweeted that it was "terrifying," surged as high as 51 mph.
SEATTLE (AP) — A swell of spending by businesses on new computers, software and servers helped push Microsoft Corp.'s earnings for the most recent quarter past Wall Street's expectations. Business spending on technology slowed to a trickle during the economic downturn. Microsoft's report, released after the market closed Thursday, is the most recent evidence that corporate spending is back in full swing.
PHOENIX (AP) — A Phoenix man and the company he heads have been indicted by a grand jury for violating federal arms export laws by shipping military aircraft engines to the Venezuelan air force and providing training on how to maintain them. The indictment announced on Thursday alleges that Floyd D.
SOUTH SAN FRANCISCO, Calif. (AP) — The forest green algae bubbling in a stainless steel fermenting tank in a suburban warehouse may look like primordial pond scum, but it is a promising new source of domestically produced fuels being tested on the nation's jets and warships. In a laboratory just a few steps away from the warehouse, white-coated scientists for a company called Solazyme are changing the genetic makeup of algae to construct a new generation of fuels.
HONOLULU (AP) — There's a story behind the blue, white and green plastic covering the surface of the Pacific Ocean vacuum cleaner. They're tiny bits of plastic collected from one of Hawaii's dirtiest beaches, Kahuku, where waves dump trash from the Pacific all day long. The machine made by Electrolux AB is fully functional and can suck up dirt from a rug like any other vacuum.
MOUNT PLEASANT, Wis. (AP) — It's another day off for production workers at the Case plant in Racine County. A tornado tore a section of the roof off the plant in Mount Pleasant Tuesday, sending workers scrambling for cover. Two employees suffered minor injuries. Case spokesman Duane Nelson says the temporary shutdown includes all three plant functions; manufacturing, the North American parts operation and service training.
BOSTON (AP) — British pharmaceutical company GlaxoSmithKline PLC will pay $750 million to settle allegations that it knowingly manufactured and sold adulterated drugs, including the popular antidepressant Paxil, federal prosecutors in Massachusetts said. U.S. Attorney Carmen Ortiz announced Tuesday that the London-based company will pay $150 million in criminal fines and $600 million in civil penalties related to faulty manufacturing processes at its plant in Cidra, Puerto Rico.
SEATTLE (AP) — Johnson & Johnson, Mattel Inc. and other manufacturers of children's products would be required to report whether toys, cosmetics, jewelry, apparel and other items contain certain harmful chemicals, under new rules proposed by Washington state. Officials have come up with a list of 59 chemicals that would trigger reporting to the state.
WASHINGTON (AP) — A surge in demand for commercial aircraft lifted orders for big-ticket manufacturedgoods in September, but business spending that signals expansion plans weakened. The Commerce Department says orders for durable goods rose 3.3 percent last month. Overall, it was the best showing since January.
SHANGHAI (AP) — The U.S. is hoping China will help persuade its manufacturers of tainted drywall to cooperate in helping homeowners fix their homes, the chairman of the Consumer Products Safety Commission said Tuesday. Inez Tenenbaum, in Shanghai for meetings with her Chinese and European counterparts, said she was encouraged by the response of product safety officials in China but needs help from the country's trade ministry in convincing makers of the drywall to meet with the U.
WASHINGTON (AP) — Future generations of semi-trucks, school buses and large pickups will need to cut fuel consumption and emissions by 10 to 20 percent under first-ever fuel efficiency rules for trucks announced Monday by the Obama administration. For the first time, the Environmental Protection Agency and the Transportation Department released proposed fuel economy requirements and reductions in tailpipe emissions for medium- and heavy-duty trucks, beginning with those sold in the 2014 model year and into the 2018 model year.
CONCORD, N.H. (AP) — Federal labor officials on Monday proposed fining a gun and ammunition manufacturer $1.2 million, saying that two men who died in an explosion at its northern New Hampshire plant weren't properly trained and had been feeding explosive powder into equipment by hand.
DEARBORN, Mich. (AP) — Ford Motor Co.'s third-quarter net income rose 68 percent as it grabbed a bigger share of the U.S. auto market and buyers paid more for its highly-rated cars and trucks. It was Ford's sixth straight quarterly profit and the company's best third-quarter performance since at least 1990.
BOSTON (AP) — Federal agents on Monday searched and removed materials from a suburban Boston home owned by a missile systems expert who worked for the U.S. defense contractor Raytheon. The home is owned by Richard M. Lloyd, the former Raytheon Co. employee, and Lori Lloyd, public records show.
PITTSBURGH (AP) — U.S. Steel said Tuesday it continues to lose money because demand for its products remains weak due to the uneven global economic recovery. The Pittsburgh manufacturing giant reported a third-quarter loss of $51 million. In late July the company was predicting a profit for the quarter, but it tempered that outlook as the period progressed.
ROME (AP) — Fiat CEO Sergio Marchionne says the tradition-laden Italian automaker would be better off without Italy and its balky unions, provoking an angry reaction Monday from some labor and government officials. Fiat has been in tense negotiations with unions over its plan to shut down a factory in Sicily next year.