Workers approved a four-year labor contract with Goodyear Tire & Rubber Co. that affects about 8,000 employees at six U.S. plants and protects against closures at those facilities, union officials said Thursday. United Steelworkers International President Leo W. Gerard said the contract "improves income, retirement and job security" for workers.
The death toll from an ammonia leak in southern Mexico has risen to seven after four more people died of their injuries. The state-owned oil company Pemex said Wednesday at least three other people are still being treated for injuries suffered in the blast. Forty others suffered from inhaling ammonia.
Toshiba Corp. is considering shutting down its television manufacturing plant in Poland as part of measures to restructure its struggling television business, sources close to the matter said Thursday. But Toshiba will sell the plant if it finds a buyer, the sources said.
Two automakers and a technology company cannot be held liable in the U.S. for abuses committed by South Africa's government, a federal appeals court said Wednesday in a blow to class-action lawsuits that had tried to hold American, Canadian and European companies liable for the claims of millions of people who say they suffered under apartheid.
A Washington state-based contractor is suing the Chinese parent company of a defunct polysilicon maker over a failed $700 million plant in eastern Idaho that had been expected to supply the solar energy industry but never produced anything.
Facebook wants to get more of the world's more than 7 billion people — all of them, actually — online through a partnership with some of the world's largest mobile technology companies. In addition to the world's biggest online social network, the group includes South Korean electronics giant Samsung, Finnish handset maker Nokia and wireless chip maker Qualcomm Inc.
A Florida company that plans to build five fertilizer plants in Pointe Coupee Parish said the project has taken another step forward with the Louisiana Attorney General's approval of a $1.25 billion tax-exempt bond issue that will help pay for the project.
Two Iraq War veterans eager to slake a growing American thirst for craft beer are setting up a brewery less than a mile from the main runway for the Navy's East Coast master jet base. Their beers have names like "Jet Noise Double IPA and "Pineapple Grenade Hefeweizen." And their motto strikes a military chord: "Brewing With the Freedom We Fought For."
Wayne State University is going smaller in a bigger way. The Detroit university is using a $200,000 federal grant to develop an undergraduate program in nanoengineering. The field is a branch of nanotechnology, which involves manipulating matter at the molecular level.
The Foundation has released the August 2013 Monthly Confidence Index for the Equipment Finance Industry. Designed to collect leadership data, the index reports a qualitative assessment of the prevailing business conditions and expectations for the future as reported by key executives from the $725B equipment finance sector. Overall, confidence in the equipment finance market is 61.0, an increase from the July index.
Three people are dead and 10 others are injured following an ammonia leak in southern Mexico. The government of the southern state of Oaxaca says the leak occurred after construction machinery operated by a private company hit a pipeline that carries ammonia to a petrochemical plant.
Beechcraft celebrated Tuesday the inaugural flight of its first production AT-6 light attack aircraft, trying to move on after the bitter loss of a high-stakes U.S. contract for which it had initially designed the plane. The Wichita-based aircraft maker unveiled the plane at its headquarters as it tries to market its new military plane to U.S. partner nations.
Kia is recalling more than 9,700 SUVs in the U.S. and Canada because the front axle can fail and the vehicles can lose power. The recall affects 2014 Sorento SUVs with 2.4-liter four-cylinder engines and front-wheel-drive. They were built from Jan. 7 through March 12 of this year.
Kodak doesn't look a whole lot like it did when it filed for bankruptcy protection last year, but its executives and investors are hoping for a picture-perfect future. Many of its products and services are gone, including the camera-making business that made it famous more than a century ago. Also gone are scores of workers, manufacturing facilities, supply contracts and millions of dollars in investments.
Global consumer products maker Unilever is planning a $152 million expansion of its margarine and spreads plant in northeast Kansas. The Kansas City Star reports the project announced Tuesday will double the size of the plant at the New Century AirCenter industrial park in Olathe.
Caterpillar Inc., which makes construction and mining equipment, said Tuesday that three of its long-time vice presidents have decided to retire in February. Caterpillar also said that it is reorganizing several of its divisions to better align with its strategy and appointed four new vice presidents to add depth to its leadership ranks.
The two-day auction will feature mostly unsold Chevrolets that have sat untouched for decades. They'll go on the block in as-is condition. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price.
Nissan Motor Co. will offer a diesel engine in its reworked Titan full-size pickup truck, joining Chrysler's Ram with diesel powerplants in light-duty trucks. The Japanese automaker said Tuesday that a 300-plus horsepower, 5-Liter diesel engine made by Cummins will be available as an option on the next generation Titan.
Auto financing and banking company Ally Financial took a big step toward exiting U.S. government ownership Tuesday, announcing a deal to pay taxpayers $5.2 billion for preferred stock granted in a 2009 bailout during the financial crisis.
Federal regulators say the Amalgamated Sugar Co. has agreed to pay $7,500 for violating the Clean Water Act at its facility in Paul, Idaho. The Environmental Protection Agency announced the enforcement action Monday. EPA investigators say the company discharged stormwater without a permit last year.