In a shabby back-alley office in Shibuya, a Tokyo district known for youth culture and tech ventures, defectors from corporate Japan are hard at work for a little known company they fervently believe will be the country's next big manufacturing success.
The head of security for the administrator of BP's multibillion-dollar settlement with Gulf Coast residents and businesses says an internal probe of alleged misconduct by an employee of a Mobile, Ala. claims center hasn't turned up any evidence of fraud.
The ability to push a quaint narrative about a product's origins and fuel a sense of nostalgia can help drive billions of dollars in sales. That's invaluable at a time when food makers face greater competition from smaller players and cheaper supermarket store brands that appeal to cash-strapped Americans.
First Solar Inc. said Monday that it sold a collection of solar projects in Canada totaling 50 megawatts to an investment partnership led by GE Energy's financial services arm. Financial terms were not disclosed. The deal marks the first between First Solar and GE since their solar technology and commercial partnership was announced earlier this month.
A Denver-based company called Cool Planet Energy Systems plans three Louisiana projects that will create 72 new jobs. Cool Planet announced the plans Friday for bio-refineries in Alexandria, Natchitoches and a site still to be determined.
Tesla Motors Inc.'s shares jumped Monday on a report that its Model S is gaining popularity in California. The report, released by the California New Car Dealers Association, found that the Tesla Model S is among the top five selling models in the luxury and sports-car segment in the state through June of this year.
After several years of investments in sophisticated design and construction of the most recent extension phase housing its new Bio-Circle facility, the entire 92,000 sq. ft Walter Surface Technologies International campus is now complete on its original Montreal (Pointe-Claire,Qc) site and is poised to grow in all of its business segments.
China's government tried Monday to reassure companies and its public about the economy's health, saying growth is stabilizing after a lengthy decline and should hit the official target of 7.5 percent for the year. The announcement by the chief spokesman for the Cabinet's statistics agency was part of official efforts to defuse unease about the country's deepest slump since the 2008 global crisis.
As new private ventures to take people on trips to space come closer to becoming reality, California lawmakers are racing other states to woo the new space companies with incentives. They are debating a bill now in Sacramento that would insulate manufacturers of spaceships and parts suppliers from liability should travelers get injured or killed on a voyage, except in cases such as gross negligence or intentional wrongdoing.
Orders for long-lasting U.S. factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment. The Commerce Department said Monday that orders for durable goods plunged 7.3 percent in July, the steepest drop in nearly a year.
A project examining the local health impacts from natural gas drilling is providing some of the first preliminary numbers about people who may be affected, and the results challenge the industry position that no one suffers but also suggest the problems may not be as widespread as some critics claim.
Toyota's luxury brand Lexus is trying to shake off its stodgy image. So it's opening a cafe. The special lounges, the first of which is opening next week in Tokyo's fashionable Aoyama district, are designed to look more like a chic home than a standard showroom. In fact, only one vehicle can be displayed at a time.
Federal regulators announced plans to dramatically limit workplace exposure to silica dust, an agent known to cause crippling lung disease and cancer in thousands of workers each year. The proposal from OSHA would cut in half the amount of silica exposure allowed for general industry and maritime workers.
Smith Electric Vehicles, a leading global producer of all-electric medium-duty commercial vehicles, today announced that it has signed a letter of intent to form a joint venture with Taikang Technology Corporation in Taiwan. Taikang Technology Corporation, a leading commercial vehicle manufacturer in Taiwan, has twenty-five years of automotive experience and has expertise in upfitting specialized municipal commercial vehicles.
Billionaire entrepreneur Elon Musk urged the public to polish sketch plans he released last week for a "Hyperloop" that would shoot capsules full of people at the speed of sound through elevated tubes connecting Los Angeles and San Francisco. From tinkerers to engineers, the race is on.
Toyota Canada says it has agreed to settle consumer claims related to losses stemming from its recalls in 2009 and 2010. About 14,500 Lexus RX350 and RX450h models from the 2010 model year were recalled because of suspected throttle control problems
A company that makes televisions is moving a plant from China to South Carolina, bringing 500 new jobs. South Carolina Gov. Nikki Haley announced the $7.5 million Element Electronics plant Thursday. The plant will be located in Winnsboro inside a building that's been vacant for several years. Production should start in December.
General Electric Co. says it will add more than 150 jobs at three factories in Illinois and Ohio to meet what the company says is increased demand for alternatives to traditional incandescent light bulbs. Part of that includes a new deal with Walmart.
Indonesia said that it would curb imports of luxury cars and take other steps to bolster national finances as Southeast Asia's largest economy suffers a slumping currency and stock market. Indonesia has been buffeted by an exodus of cash from its financial markets as improving economic prospects in the U.S and Europe reverse the tide of money that swept into developing nations the past few years.
AK Steel Corp. is paying a $1.6 million civil penalty to resolve air pollution violations that occurred at its now-closed coke plant in Ashland. The settlement also calls for AK Steel to spend at least $2 million to improve emissions at its Ashland West Works facility.