Green Mountain Coffee Roasters Inc. said Thursday that it will cease production at its facility in Toronto and cut 120 jobs as it consolidates its Canadian production in Montreal. The Waterbury, Vt., company said it will move all of its Canadian coffee and portion-pack production to its facility in Montreal. It plans to end its operations in Toronto by March 5.
After a slow first half of 2013, expectations are for the U.S. economy to gradually return to moderate growth in the second half and through 2014, according to a new forecast. The MAPI Quarterly Economic Forecast predicts that inflation-adjusted gross domestic product (GDP) will expand 1.6 percent in 2013 and 2.8 percent in 2014, the former down from 1.8 percent and the latter showing no change from MAPI’s May 2013 report.
The United Auto Workers union confirmed Friday that it's in talks with Volkswagen about representing workers a factory in Chattanooga, Tenn. Currently no U.S. plants owned by foreign automakers have UAW representation. But the union has been trying for years to organize the plants, which mainly are in southern states.
U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserve's decision later this month on whether to reduce its bond purchases.
Federal safety officials fined an Illinois-based company more than $185,000 on Thursday after a worker suffered severe burns at the same northern Wisconsin plant where five people have been killed since 2008. Packaging Corp. of America was cited for 30 alleged safety violations, including failing to provide proper safety equipment and improperly storing hazardous materials.
Indiana Gov. Mike Pence left Thursday on his first overseas trade mission as governor, taking along more than 40 political and business leaders to Japan. The trade delegation flew out of Indianapolis for a nine-day trip through Tokyo, Nagoya and Tochigi Prefecture, Indiana's Japanese sister state.
The Timken Co. said Thursday that it plans to split the company into two publicly traded companies. The Canton, Ohio, company's board approved a plan to separate its steel business from its bearings and power transmission business through a spinoff.
Gov. Rick Snyder has tapped a veteran auto industry executive to become the state's automotive adviser. The appointment of Nigel Francis and creation of the Automotive Industry Office were effective as of Sunday. Francis will make $170,000 a year in his new job.
The third and final phase of a comprehensive study co-sponsored by the U.S. Chamber’s Institute for 21st Century Energy demonstrates that the impact of shale energy production on America’s economy goes well beyond the energy industry itself—but it could be in jeopardy if the U.S. adopts more restrictive policies or regulations.
American businesses added 176,000 jobs in August, a private survey showed Thursday. That was fewer than in June and July but roughly in line with the monthly average for the year. The payroll company ADP said professional and business services firms added 50,000 jobs.
China's airlines are likely to triple the size of their fleets over the next two decades, driven by strong economic growth and rising tourism spending, Boeing Co. said Thursday. Boeing and European rival Airbus Industries are looking to China to drive sales as growth in demand cools elsewhere.
California's Senate has approved two bills designed to encourage motorists to buy low-polluting vehicles. Both extend existing programs that allow solo drivers to use carpool lanes as an incentive. B286 by Democratic Sen. Leland Yee of San Francisco passed the Senate Wednesday on a 30-8 vote.
Manufacturers and others responsible for attracting jobs in West Virginia need to get tomorrow's workforce interested in their industries at a young age, a speaker at an economic forum said Wednesday. With coal industry jobs dwindling and young people leaving the state to find work, members of a panel at the Clay Center in Charleston discussed workforce training and directing students toward getting degrees that fit available jobs.
A former NASA engineer who pleaded guilty to conspiracy in a copyright infringement scheme led by two Chinese nationals was sentenced to probation. U.S. District Judge Leonard Stark credited Cosburn Wedderburn, 40, for his substantial assistance to federal authorities investigating the website called "Crack 99," which sold pirated, industrial-level software in which the access control mechanisms had been "cracked," or circumvented.
Virginia Dominion Power submitted a successful $1.6 million bid Wednesday to lease nearly 113,000 offshore acres for the development of wind turbines that could power 700,000 homes. Virginia's largest utility beat out one other bidder, Apex Virginia Offshore Wind LLC of Charlottesville, in the nation's second lease sale of ocean bottom dedicated to the development of huge wind turbines.
Toyota, Ford, Nissan, Chrysler and General Motors all reported double-digit U.S. sales gains last month as strong sales of pickup trucks and small cars led the industry toward its best month in six years. Toyota posted the biggest gain, with sales up nearly 23 percent over August of last year.
The prospect of the United Auto Workers gaining a new foothold at Volkswagen's plant in Tennessee worries some Southern Republicans, who say laws banning mandatory union membership have helped lure foreign automakers. But Volkswagen faces pressure from labor interests on its supervisory board to grant workers a stronger voice at the plant.
Plaintiffs' attorneys who brokered a multibillion-dollar settlement with BP following the company's 2010 Gulf oil spill have asked a federal appeals court to uphold a judge's approval of the deal. Only a "paltry few objectors" have raised the "narrowest of concerns" about the settlement that U.S. District Judge Carl Barbier approved in December 2012, private lawyers said in a filing.
Italian carmaker Fiat, which controls Chrysler, will go ahead with investments in its flagship Mirafiori plant in Turin, where it will produce Maserati SUVs. Fiat confirmed the decision Wednesday, after signing a contract with seven unions on flexible work rules.
Kentucky has landed its first major tenant at a battery research laboratory in Lexington as the state jockeys for a prominent role in developing next-generation automobiles. NOHMs Technologies Inc. said Wednesday it will locate research, product development and manufacturing operations at the Kentucky-Argonne Battery Manufacturing Research and Development Center.