PITTSBURGH (AP) — The former CEO of a defunct Pennsylvania soft drink company pleaded guilty to tax evasion, mail fraud and money laundering for using two sets of books to obtain $875 million in credit for the company. Federal prosecutors in Pittsburgh say the scheme orchestrated by 51-year-old Gregory Podlucky, of Ligonier, resulted in $628 million in losses to various lenders and equipment companies that did business with Latrobe-based Le-Nature's Inc.
WASHINGTON (AP) — LightSquared, a Virginia-based company that plans to build a nationwide wireless broadband network, is proposing to adapt its network so as not to interfere with GPS systems. The company plans to move some of its operations to a different slice of airwaves and to transmit signals at lower power levels to ensure that its network would not interfere with GPS systems that rely on nearby wireless spectrum.
RICHMOND, Va. (AP) — Exports of goods and services in Virginia are growing and having a large impact on the state's economy. Virginia exports increased 8 percent in 2010 to $29 billion, ranking it as the 22nd-largest exporting state in the U.S., according to recent data from the Virginia Economic Development Partnership's international trade office.
LE BOURGET, France (AP) — Boeing Co. announced more than $11 billion worth of orders and commitments for 56 jets on Monday as the Paris Air Show, the industry's main event of the year, got under way. The Chicago-based aerospace and defense giant opened a day of one-upmanship with traditional rival Airbus by announcing Qatar Airways had ordered six 777 jets in a $1.
PEORIA, Ill. (AP) — The world's largest maker of construction and mining equipment, Caterpillar Inc., reported another strong month of global sales growth in May when sales improved 52 percent over last year. Still, the results were slightly weaker than the recent months. The company provided an update on its sales Monday in documents filed with the Securities and Exchange Commission.
WASHINGTON (AP) — U.S. food and drug regulators would share more information with their foreign counterparts as part of a multifaceted strategy to police the safety of millions of imported goods. A Food and Drug Administration report issued Monday lays out a long-term plan to deal with the flood of imports to the U.
GORHAM, N.H. (AP) — A cheaper source of fuel, a dedicated sales team and workforce, and an investment in a tissue machine will help the last paper mill in New Hampshire's North Country succeed, state and mill industry representatives say. The changes come to the mill in Gorham as the papermaking industry fights growing competition from overseas plants in recent years.
CAMDEN, N.J. (AP) — A blaze erupted at a vacant chemical plant just before sunrise Sunday in one of the country's poorest cities, causing the building to partially collapse and forcing firefighters to evacuate nearby homes. The fire at Concord Chemical Inc. in Camden, across the Delaware River from Philadelphia, comes more than a week after fires at an abandoned tire factory and a downtown warehouse.
Qatar Airways orders Boeing planes in $1.7B deal LE BOURGET, France (AP) — Boeing Co. announced the first big-ticket order in its rivalry with Airbus at the start of the Paris Air Show on Monday, saying Qatar Airways has ordered six 777 jets in a $1.7 billion deal. The upstart, fast-growing Gulf carrier is buying extended versions of the long-range jet, the 777-300, Qatar Airways CEO Akbar al-Baker said during a news conference alongside Boeing's commercial aircraft chief.
WEAVERTOWN, Pa. (AP) — For nearly 120 years, Lebanon bologna has been made at a small plant in a tiny village just north of Lebanon. Located along Weavertown Road in North Lebanon Township, the plant was originally built in 1893 by Daniel Weaver, who began making Weaver's Lebanon Bologna in 1885.
NEW YORK (AP) — General Electric Corp. said Monday that it agreed on tentative labor deals with two of its biggest unions after a month of talks. The conglomerate's agreements with IUE-CWA and the United Electrical, Radio and Machine Workers of America are subject to review by union negotiating committees and ratification by union members by June 30.
PITTSBURGH (AP) — The former chief executive of a defunct western Pennsylvania soft-drink maker is scheduled to change his not guilty plea to charges that he perpetrated an $806 million bank fraud then allegedly sold or tried to sell millions of dollars' worth of gold, jewels and other valuables he's accused of buying with money stolen from the company.
DETROIT (AP) — General Motors said Friday that pricing for its new Chevrolet Sonic will start at just under $15,000 when the sub-compact car hits dealer lots this fall. Base models of the 2012 Sonic will start at $14,495 including the destination charge, but excluding tax, title, license and dealer fees.
REDDING, Calif. (AP) — Authorities are investigating a water tank explosion that killed a worker at a sewage treatment plant in Redding. The Shasta County coroner's office says 54-year-old Fred Crumb died Thursday afternoon after suffering critical head injuries in the explosion. The Redding Record-Searchlight reports that Crumb was critically injured when the explosion blew the top off a 4,500-gallon steel tank at the Clear Creek Wastewater Treatment Plant.
PARIS (AP) — French authorities are investigating two new suspected cases of E. coli linked to hamburger patties that have already sickened seven children, the health minister said Friday. Health authorities have ordered a recall of 10 tons of the frozen beef patties produced in France and sold by the German supermarket chain Lidl, but say there is no link to a deadly outbreak of the virus in neighboring Germany.
DENVER (AP) — The criminal trial over the deaths of five workers at a Colorado hydroelectric plant has reached the half-way point. Federal prosecutors rested their case against Minneapolis-based Xcel Energy and a subsidiary on Thursday, allowing company lawyers to begin presenting their case Friday.
DETROIT (AP) — General Motors says it will invest $65 million in two plants and create or retain 163 jobs at those sites so it can make more four-cylinder engines. GM will add capacity at its Tonawanda, NY, plant to make engines for its Chevrolet Equinox and GMC Terrain crossovers. It will invest $33 million there and create or retain 100 jobs.
NEW YORK (AP) — A private research group said the economy is rebounding from its spring slump and should grow modestly through the fall. The Conference Board said Friday that its index of leading economic indicators rose 0.8 percent last month. That's an improvement from April, when the index dropped 0.
PEORIA, Ill. (AP) — Heavy equipment maker Caterpillar Inc. says it will expand its hydraulic excavator plantcurrently under construction in Victoria, Texas, and add 100 more jobs to the original plans for 500 employees. Caterpillar announced the $130 million, 850,000 square foot plant in August.
RICHMOND, Va. (AP) — Plastics manufacturer Presto Products Co. is expanding its operations in Halifax County, creating 22 jobs over the next three years. Gov. Bob McDonnell said Friday that the company will invest $6 million to add five new manufacturing lines. Presto is a supplier of products ranging from private label food and disposer bags to packaging closures, soil stabilization materials and specialty stretch films.