Private equity firm Cerberus is interested in taking a look at BlackBerry's books as a prelude to a possible bid for the troubled smartphone company. Cerberus is looking to sign a confidentiality agreement with BlackBerry that would allow it to access the company's private information, an official familiar with the situation said Wednesday on condition of anonymity.
The United States and Japan moved Thursday to modernize and expand their defense alliance to counter new 21st century challenges including the continuing threat from nuclear-armed North Korea and potential aggression from China over disputed territory.
Ford is recalling about 24,000 cars because a chime won't sound if the driver's door is opened while the key is inside the car. The recall in the U.S. and Canada affects Ford Focus electric cars from 2012 and 2013, and the C-Max hybrid from the 2013 model year. The cars have push-button starting mechanisms.
The latest victims of the government's partial shutdown: policy wonks, politicians and TV talking heads who are losing their monthly opportunity to dissect the jobs report issued by the Bureau of Labor Statistics. It happens the first Friday of the month at 8:30 a.m. Eastern time. Except this Friday.
Bentley Systems, Incorporated, a company dedicated to providing comprehensive software solutions for sustaining infrastructure, announced that it has acquired the MOSES software business from Ultramarine, Inc. Used around the world, MOSES is a premier analysis and simulation software for complex projects involving the transportation and installation of offshore structures.
A fire that destroyed a Tesla electric car near Seattle began in the vehicle's battery pack, officials said Wednesday, creating challenges for firefighters who tried to put out the flames. Company spokeswoman Liz Jarvis-Shean said the fire Tuesday was caused by a large metallic object that directly hit one of the battery pack's modules in the pricey Model S.
United Technologies Corp. says it may furlough more than 5,000 workers if the U.S. government shutdown continues into next month. The company said Wednesday that its Sikorsky division, which makes Black Hawk helicopters, would be hit first. It expects nearly 2,000 employees, including those employed at facilities in Connecticut, Florida and Alabama, will be furloughed on Monday.
An explosives recycling company employee is expected to plead guilty this month in the investigation into the handling of millions of pounds of military propellant blamed for the evacuation of a Louisiana town, a district attorney said Thursday.
Smartphone maker BlackBerry (TSX:BB) says its latest device will arrive in Canada later this month, but it won't have the support of one of the country's largest carriers. Rogers Communications (TSX:RCI.B) has decided not to stock the new device, after a longtime relationship with BlackBerry on all of its major products.
Chrysler is recalling more than 142,000 pickup trucks and SUVs worldwide because of software glitches that could affect instrument cluster lighting and braking systems. Around 132,000 Jeep Grand Cherokee SUVs and 10,800 Ram pickup trucks from the 2014 model year are affected.
A Germany-based automotive supplier is planning to build a new production plant in Kentucky. The $120 million facility will be called Bilstein Cold Rolled Steel and will employ 90 workers. The company says it is building the 150,000-square-foot facility to better serve its North American auto industry customers.
Berkshire Community College (BCC) today unveiled a new state-of-the-art lab containing advanced manufacturing equipment housed at Taconic High School (THS) that will provide both BCC and high school students with the advanced technical skills needed to succeed in the new manufacturing workplace.
U.S. businesses added just 166,000 jobs in September, only slightly more than the previous two months. The lack of improvement in hiring, along with the threat of a prolonged government shutdown, could help persuade the Federal Reserve to delay scaling back its stimulus.
General Electric says it plans to lay off up to 200 salaried employees at its Schenectady-based Power & Water Division by the end of this year. Local media report that GE officials say the Fairfield, Conn.-based company is eliminating the white-collar positions to remain competitive. Officials wouldn't divulge the exact number of employees to be laid off.
Wearable technologies have long been a sideshow to mainstream laptop and smartphones, but this year Google's glasses and rumors of Apple's iWatch are popularizing the field. Analysts forecast swift growth. Last year the market for wearable technology — encompassing everything from hearing aids to wristband pedometers — totaled almost $9 billion. That should climb to $30 billion by 2018, said analyst Shane Walker at IHS Global Insights.
Coroplast Tape Corp. is planning to put its first U.S. production plant in South Carolina, creating 150 jobs. The German company announced Wednesday plans to invest $12 million in a York County Spec Building off Interstate 77. The facility will make a range of adhesive and insulating tapes for the automotive industry.
British prosecutors say six men have been charged over a massive pollution credit fraud scheme that cost the British government millions of dollars. The Crown Prosecution Service says the men created a string of dummy companies that traded in carbon credits, typically certificates which give polluters the right to emit a set amount of carbon dioxide in return for money paid to companies that fight climate change.
Canadian Solar has closed on the sale of two of its solar power plants to energy infrastructure company TransCanada Corp. The solar company said Wednesday that the two Canadian plants, Brockville 2 and Burritts Rapids, are valued at more than $92.2 million.
Once again, Fall Protection tops the list of the Occupational Safety and Health Administration’s most-cited workplace safety violations. The presentation of the Top 10 was given before a crowded group of spectators today on the Expo floor at the 2013 National Safety Council Congress & Expo.
American Electric Technologies, Inc., a provider of power delivery solutions for the global energy industry, announced today the expansion of its primary power delivery manufacturing plant in Beaumont, Texas. The expansion of the M&I Beaumont facility is designed to meet growing customer demand for the company’s offerings and provide additional capacity to support the next phase of growth.