A Boeing 787 with a redesigned battery system made a 2-hour test flight on Monday, and the company said the event "went according to plan." The test flight was an important step in Boeing Co.'s plan to convince safety regulators to let airlines resume using the plane, which the company calls the Dreamliner.
U.S. orders for long-lasting goods that signal business investment plans fell in February by the largest amount in seven months, although the decline followed a strong month in January and may prove to be a temporary setback. The Commerce Department said Tuesday that orders for so-called core capital goods declined 2.7 percent in February from January.
The Slovak government has signed a deal with U.S. Steel that will ensure the American ownership of a steel mill that employs thousands in Slovakia for at least five more years. Prime Minister Robert Fico says that in the agreement signed Tuesday, "we created conditions to motivate U.S. Steel to stay in Slovakia and continue to produce steel."
The two new suitors pursuing Dell have a message for Wall Street: Don't allow Michael Dell to hoard potential gains from the PC maker's expansion into more profitable technology products and services. Competing bidders Carl Icahn and the Blackstone Group LP are wooing Dell shareholders with an offer of a little more money today.
Shares of a number of solar companies sank Monday after JA Solar Holdings Co.'s fourth-quarter loss widened because of weak global demand for solar products. Solar panel prices have tumbled since the Chinese government pushed hundreds of small players into the industry.
Slovakia's Prime Minister met with U.S. Steel executives in Pittsburgh on Monday to discuss the future of a steel mill in Kosice, but no final agreement was announced. Prime Minister Robert Fico said the purpose of his visit was "to motivate U.S. Steel to stay in Slovakia." Fico said he felt Monday's discussions went well and that a written agreement between the country and U.S. Steel may be signed as soon as Wednesday.
Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the world economy. A Japan-EU summit set to begin Monday in Tokyo was shelved because of the financial crisis in Cyprus.
The Boeing Co. is planning to lay off about 800 workers in the Puget Sound area of Washington by the end of the year. The company said Friday it will cut another 1,200 to 1,500 jobs through attrition and other means. The Daily Herald newspaper reports the job cuts will be mostly from the 747 and 787 jet programs in Everett, Wash.
San Jose is set to consider finalizing a $7 million incentive package to keep Samsung Semiconductor in Silicon Valley and trump an open invitation from Austin, Texas, to expand its operations there. The City Council is expected to approve the plan at its Tuesday meeting.
Goodyear is building the first of a new generation of its iconic blimps. The tire maker said Friday that the blimp built in Germany by ZLT Zeppelin Luftschifftechnik will be assembled at Goodyear's Wingfoot Lake Hangar near the company's headquarters in Akron, Ohio.
Located in Pablo Nogués, Buenos Aires, the 7,500 m2 (80,730 SF) facility features a testing laboratory with a capacity of 11,000 m3/hr (49,000 gpm) and has 50 and 60 hertz testing capabilities. Ruhrpumpen's newest property includes 3,000 m2 (32,290 SF) of office space and a well-equipped service center capable of repairing all types of pumps.
From a sprawling United Auto Workers hall outside Detroit, John Zimmick has seen factories close and grown men cry when their jobs disappear. Through all the economic uncertainties of life in auto country, there has been one constant: the union.
Boeing's comments about the smoldering batteries on its 787 have annoyed the National Transportation Safety Board. Boeing gave its own account of two battery incidents, which included a fire, at a detailed press briefing in Tokyo last week.
The Indian unit of Ford Motor Co. has apologized for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car. A Ford India spokeswoman said Monday that the company is investigating whether anyone at the automaker ever saw the print ads.
Bruce Cole, 65, the former chief executive of Mamtek U.S. Inc., has been accused of perpetrating a massive fraud by persuading Moberly to issue $39 million in bonds and the state to authorize up to $17 million of incentives to fund an artificial sweetener facility that collapsed financially before construction finished.
Daimler Trucks North America says it won't have to lay off 1,300 factory workers in North Carolina and Oregon as it warned in January and instead will cut about 600 jobs. Portland, Ore.-based Daimler Trucks says its Portland factory that builds Western Star trucks has cut its workforce by about 230 employees.
Michael Dell may have to hike the price he's willing to pay if he wants to take the computer company he founded private, thanks to competition from two new acquisition offers. A special committee of independent Dell Inc. directors said it will negotiate with buyout specialist Blackstone and activist investor Carl Icahn over bids that rival an offer of more than $24B.
AK Steel Holding Corp. on Friday projected a larger-than-expected first-quarter loss, saying that a previously expected seasonal increase in spot demand for steel hasn't materialized. The West Chester, Ohio based company produces flat-rolled carbon, stainless and electrical steel products for a range of industries, including automotive, construction and infrastructure, manufacturing and electricity.
Is Michael Dell's attempt to gain more control over his company about to turn into a financial tug-of-war? The answer could come Friday. That's the end of a 45-day period that Dell Inc.'s board of directors set to allow for offers that might top a Feb. 5 deal to sell the personal computer maker to CEO Michael Dell and a group of investors for $24.4 billion.
BP asked a federal judge Thursday to sanction its cement contractor on the ill-fated Deepwater Horizon drilling project, accusing the company of withholding critical evidence that could have been used at the ongoing trial over the nation's worst offshore oil spill.