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.
A Turkish company has announced plans to build a $148 million steel pipe-making plant near Houston. Gov. Rick Perry says about 250 jobs are expected to be created at the facility planned for Baytown. Perry on Tuesday announced Borusan Mannesmann will receive $1.6 million from the Texas Enterprise Fund in support of the project.
Klein Tools, for professionals since 1857, has acquired Civitella & Cia Ltda, a privately-held tool and equipment manufacturer in Brazil. Civitella’s manufacturing and distribution center is based in São Paulo and serves customers throughout Brazil.
Orders to U.S. factories rose sharply in February from January on a surge in volatile demand for commercial aircraft. The gain offset a drop in key orders that signal business investment. The Commerce Department said Tuesday that factory orders increased 3 percent in February. That's up from a 1 percent decline in January and the biggest gain in five months.
A man who worked for BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 testified Tuesday that he didn't believe the oil giant's employees were risking workers' safety when they didn't follow his recommendations.
March is turning out to be the best month for auto sales in at least six years. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increases, with some reporting their best monthly totals since the start of the Great Recession in December of 2007.
An aircraft engine overhaul and maintenance business has agreed to buy part of a former General Motors Co. property in Michigan. The Revitalizing Auto Communities Environmental Response Trust announced Tuesday that International Turbine Industries is buying the former Willow Run Company Vehicle Operations facility for use in expanding its jet engine repair and parts sales business.
Drugmaker Eli Lilly and Co. is planning to spend about $260 million to expand insulin production and make some other capital improvements to sites in its home city. The Indianapolis company said Tuesday it aims to spend about $180 million on some new construction, the addition of another insulin cartridge-filling line to an expansion it announced last fall and the installation of some new equipment.
General Motors is recalling a small number of 2013 Buick Encores sold in the United States because of a steering wheel fastener that may not have been properly installed. GM says the problem could cause the steering wheel to come loose or separate from the steering column while driving.
The court-appointed claims administrator for a multibillion-dollar settlement between BP PLC and a team of private plaintiffs' attorneys asked a federal judge Monday to throw out the company's lawsuit against him. The suit that BP filed last month accuses Patrick Juneau of violating the settlement's terms in the way he is using a complex formula to determine payments.