Suddenly outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling American exports around the world by the start of 2015. So far, export levels are about halfway to his mark.
Ten workers who claim they're owed about $197,000 in severance pay want a federal judge in Pittsburgh to force a shuttered plant that makes solar energy mirrors into bankruptcy. The workers are among 60 who lost their jobs when the Flabeg Solar U.S. Corp. plant in Findlay Township shut down on March 28.
More than 100 years after it began making cars, Detroit Electric is back in business. The automaker on Wednesday is unveiling in Detroit the SP:01, a limited-edition electric sports car. Detroit Electric was founded in 1906 and built 13,000 electric cars. Among its customers were Thomas Edison, John D. Rockefeller and Henry Ford's wife, Clara.
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions. The spending at plants in Toledo, Ohio; Bedford, Ind.; and Flint and Bay City, Mich., will allow the company to build a new V-6 engine, a new small motor and new eight-speed automatic transmissions, GM said Thursday.
A federal judge has dismissed all remaining claims against the company that made a key safety device on the drilling rig that exploded in the Gulf of Mexico in 2010, killing 11 workers and leading to the nation's worst offshore oil spill.
General Electric Co. plans to spend $110 million on a new global research center in the Oklahoma City area that will create 125 new engineering jobs, Gov. Mary Fallin and GE Chairman and CEO Jeff Immelt said Wednesday. The center represents GE's longstanding commitment to technological innovation and will work toward advancements in the oil and natural gas fields that will help bring products to market faster, Immelt said.
LENOX, a leading manufacturer of premium band saw blades, power tool accessories and hand tools, announces the successful completion of the annual ISO 9001 surveillance audit at their East Longmeadow, Massachusetts facility.LENOX first achieved certification in 1993, and at the time was the first U.S.-based band saw blade manufacturer to obtain certification.
More than 15,065 industry engineers and professionals in 151 countries participated in ITT Goulds Pumps' World of Pumps Quiz, demonstrating both their expert knowledge and enthusiasm for the trade. The global leader in pump technology saw a 39 percent increase in quiz participants over last year's inaugural game.
IRISS, a leader in the industrial infrared (IR) window market for electrical safety, announced today their new global headquarters officially opened. This day coincided with the first annual Global Industry Day publicized in Manatee County.
BlackBerry chief executive Thorsten Heins hasn't ruled out taking another swing at the tablet industry, after earlier versions of its PlayBook failed to catch on with consumers. "We're thinking about it," the head of the smartphone maker said in a recent interview with The Canadian Press. "But we're thinking about it also in the context of BlackBerry 10."
Some Michigan Republicans are pushing to ban local governments from requiring employers to provide paid sick leave as cities in other states move to enact such mandates. Legislation recently approved by committees in the Republican-controlled House and Senate would prohibit counties, townships and cities from adopting policies that requires employers to provide paid or unpaid leave not required under federal or state law.
Mondelez International gave CEO Irene Rosenfeld a pay package worth $22 million last year, as the maker of Oreo cookies and other sweet snacks split from Kraft Foods and began operating as an independent company. The compensation represents a 40 percent increase from Rosenfeld's pay in 2011, according to an AP analysis of a filing with the Securities and Exchange Commission.
The Arkansas Senate on Tuesday approved Gov. Mike Beebe's proposal to provide Big River Steel with $125 million in state financing to help build a new steel mill in northeastern Arkansas. Without any discussion on the chamber floor, the Senate approved a bill authorizing the plan, which Beebe has called one of the largest economic projects ventures in Arkansas history.
Authorities are investigating after construction crews discovered a problem with a liquid gas pipeline that allowed a carcinogen to seep into the ground near a large creek that feeds into the Colorado River. The leak near an energy plant in Western Colorado was discovered largely by accident, even though several state and federal agencies are charged with monitoring gas pipelines in the state.
Investment in equipment and software is expected to grow 5.6 percent in 2013, according to the Q2 update to the 2013 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation.
Electric car maker Tesla Motors Inc. says it has joined with two banks to finance a 10 percent down payment on its new Model S sedan. The company also will give buyers the option to sell the car back to Tesla after three years at a value guaranteed by the automaker. The financing program makes buying the car similar to leasing it, Tesla said in a statement.
Korean automakers Hyundai and Kia are recalling almost 1.9 million vehicles to fix problems with air bags and brake light switches. The switch recall covers almost 1.7 million vehicles — most of the automakers' model lineups from the 2007 through 2011 model years. In addition, Hyundai is recalling about 194,000 Elantra compacts from 2011 to 2013 to fix an air bag problem.
In the latest sign that North Korea's warlike stance toward South Korea and the United States is moving from words to action, Pyongyang on Wednesday barred South Korean managers and trucks delivering supplies from crossing the border to enter the Kaesong industrial park.
An Arkansas House panel has endorsed a proposal to cut taxes on manufacturers in the state. The House Revenue and Taxation Committee on Tuesday voted to approve the measure, sending it to the full House for consideration. The bill would reduce the sales and use taxes on natural gas and electricity used by manufacturers.
Striking Hong Kong dockworkers refused to back down Wednesday in a weeklong pay dispute that is slowing cargo shipments at the world's third busiest port. Several hundred dockworkers and supporters camped out on the road in front of a container terminal. The workers are demanding a 20 percent pay rise but subcontractors supplying labor to port operators are only offering 5 percent.