Halliburton has resolved a U.S. Justice Department criminal probe of its role in the 2010 Gulf oil spill by agreeing to pay a $200,000 fine and admitting it destroyed evidence, but the company still has a powerful incentive to cut another deal with businesses and residents.
The company that wants to build a $1.2 billion fertilizer plant in either northern Iowa or eastern Illinois has offers of incentives from both states and plans to choose a site in 30 to 60 days. Illinois Gov. Pat Quinn signed economic legislation Thursday that includes incentives to try to convince Cronus Chemical LLC to build in the state.
More than a year after Japan's Supreme Court ordered camera and medical-equipment maker Olympus to stop punishing a whistleblower and reinstate him to his regular job, Masaharu Hamada is still fighting his courtroom battle. On Monday, he got company.
Toyota says it will boost production of the Highlander SUV at its southwestern Indiana plant and add 200 jobs there next year. The Evansville Courier & Press reports Toyota Motor Manufacturing Indiana Inc. announced Friday that it's increasing Highlander production by 15,000 units at its Princeton plant as part of a $30 million investment.
Engineering students taking part in the Formula Student racing car project at the University of Liverpool have benefited from a donation of several torsion springs from Lee Spring UK. Formula Student is an international competition that sees student led teams around the world design, build, and race single seat racing cars.
A labor rights group Monday accused a Chinese company that makes iPhones for Apple Inc. of abuses including withholding employees' pay and excessive working hours. China Labor Watch said it found violations of the law and of Apple's pledges about working conditions at factories operated by Pegatron Corp., a Taiwanese company.
Work will continue at Firestone's tire manufacturing plants in Iowa, Arkansas, Illinois and Tennessee thanks to a tentative contract agreement the company reached with its steelworkers union. Steelworkers at the Des Moines Firestone tire manufacturing plant tentatively agreed to a contract Friday, averting a strike, The Des Moines Register reported.
Boeing Co. has expanded inspections of emergency locator beacons made by Honeywell International to include five more aircraft types after problems were discovered with the transmitters on 787 jets. Boeing's marketing vice president Randy Tinseth says in a blog dated Sunday that the aircraft manufacturer is asking operators to inspect the battery-operated beacons which activate in a crash to help rescuers find a plane.
Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation. Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state. Economic and Community Development Commissioner Bill Hagerty called the ranking "an impressive distinction."
The Europe Union and Chinese solar panel exporters said Saturday that they had reached a settlement in their long trade dispute, with the exporters agreeing to sell their products at a minimum price in the EU market. The agreement ends one of the biggest-ever trade disputes between China and Europe — a row that threatened to escalate into a full-blown trade war involving European wines and to disrupt EU-China relations.
Ford Motor Co. is recalling 33,021 C-Max hybrid cars because they may not adequately protect occupants' heads in a crash. Vehicles involved were made between Jan. 19, 2012, and June 25, 2013 and don't have panoramic roofs. C-Max hybrids with panoramic glass roofs aren't involved in the recall.
Just as General Motors is getting a handle on its troubles in Europe, the automaker faces a new challenge in another part of the globe. GM says Japanese automakers are using the weak yen to cut prices in Southeast Asia and Australia, taking a bite out of GM's profits there. Sales tailed off in India as well.
Halliburton Energy Services has agreed to plead guilty to destroying evidence in connection with the 2010 Gulf oil spill, the Department of Justice said Thursday. Federal officials said in a news release that a criminal information charging Halliburton with one count of destruction of evidence was filed in federal court in Louisiana.
China will spend $275 billion to tackle air pollution over the next five years, highlighting how the issue has become a priority for the leadership. The amount is more than the total economic output of Hong Kong last year and underlines how the government is eager to bring about a visible improvement in China's bad air, which has caused discontent among its citizens and tarnished the country's image abroad.
A federal workplace-safety agency has cited Echo Lake Foods for alleged safety violations at its Burlington and Franksville frozen food plants. The U.S. Occupational Safety and Health Administration has proposed fines of $150,000 against Echo Lake Foods for 27 alleged violations.
Noranda Aluminum Holding Corp. is expanding its plant in the southeast Missouri town of New Madrid, an expansion expected to create 29 jobs. Gov. Jay Nixon joined Noranda officials on Friday in New Madrid for the announcement. Noranda will spend $45 million on the expansion.
With the discovery of shale gas reserves in Brazil and plans to auction drilling rights there, a delegation is visiting Pennsylvania to see how its drilling boom has turned the state into one of the leading natural gas producers in the U.S. The group of Brazilian business and energy industry professionals hopes to learn from the state's experience and to explore the possibility of exports to Brazil during meetings Wednesday and Thursday.
Bombardier has delayed again the first test flight of its much-touted CSeries single-aisle airliner. The world's third-largest maker of civilian commercial aircraft had been aiming for the first flight by the end of July but said Wednesday it will occur "in the coming weeks" without giving a target date.
Toyota shrugged off China sales woes to stay the world's top selling automaker for the first half of this year, outpacing U.S. rival General Motors Co., which boasted such bragging rights for seven decades until 2008. Toyota Motor Corp. sold 4.91 million cars and trucks around the world for the January-June period, down 1.2 percent from the previous year, according to numbers it released Friday.
Japan's All Nippon Airways has found damage to wiring on two Boeing 787 locator beacons, a device suspected as the cause of a fire on an Ethiopian Airlines 787. ANA spokesman Ryosei Nomura said Friday that Boeing Co., the U.S. Federal Aviation Administration and Japanese regulators had ordered checks of the beacons.