On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.
The number of Americans applying for unemployment benefits fell 10,000 last week to a seasonally adjusted 340,000, a sign that employers are laying off very fewer workers.
Facing a sluggish economy, Obama is helping connect foreign and domestic companies and investors with economic development organizations across the country while promoting the United States as a sound business environment.
Accenture has today announced its intent to acquire PCO Innovation, a systems integration group that specializes in product lifecycle management (PLM) technology. Terms of the agreement were not immediately announced, nor were details as to how the companies will integrate services, facilities and labor forces.
United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The decision is a blow to Hamilton, long the center of Canada's steel industry, which has been hit hard by plant closures over the last decade.
Nestle USA says it's relocating its frozen pizza division from Illinois to the Cleveland suburb of Solon, joining its other businesses and an expanding research center there. The world's largest food company expects about 250 jobs eventually to come from the move.
Siemens Energy, Inc. has added 40 new jobs at the central Mississippi plant where it makes high-voltage transmission equipment. Employment is now about 400 at the plant in Richland, just south of Jackson.
Glass maker Corning said Wednesday that its net income fell 23 percent in the third quarter on lower earnings from its joint venture with Samsung, which Corning is buying out. The company gave a disappointing forecast for the fourth quarter, and shares slipped.
Anheuser-Busch InBev and the Teamsters union are about to begin contract talks for the first time since the Belgian brewer InBev purchased the maker of Budweiser, Bud Light and other beers five years ago.
Government health system spokesman Rosendo Gaytan says the 35-year-old employee of the factory Dulces Blueberry in Ciudad Juarez died Tuesday at a hospital in the city of Guadalajara, where he was transferred to be treated for third-degree burns.
It looked like things were really starting to heat up for this little Southern California factory town when the maker of the Sriracha chili sauce known the world over decided to open a sprawling 650,000-square-foot factory within its borders.
Under the motto of “Intelligence in Production”, solutions were presented at EMO Hannover 2013 that efficiently integrate new information technologies. The focus was on innovations that automate, simplify or enhance the efficiency of the work sequences involved.
State safety regulators announced Tuesday they are seeking $707,000 in fines against Sinclair Oil Corp. after alleging 22 safety violations at the company's refinery in south-central Wyoming, including a toxic gas release that sickened dozens of workers in May.
Caterpillar Inc. has announced that it will close an East Texas plant and move the work elsewhere, putting about 100 employees out of work.The announcement to close the dippers plant in Kilgore comes a week after the Peoria, Ill.-based heavy equipment maker revealed third-quarter earnings fell 44 percent.
General Motors says third-quarter net income fell 53 percent compared with a year ago, as one-time expenses and losses in Europe offset strong performances elsewhere. The company earned $698 million in the quarter, or 45 cents per share. That compares with $1.48 billion, or 89 cents per share, a year ago.
Chrysler Group LLC today reported its preliminary third-quarter 2013 results, including net income of $464 million, marking the Company’s ninth consecutive quarter of positive net income.
The government spent $49.5 billion to save GM five years ago. The Special Inspector General for the Troubled Asset Relief Program says the government has recovered $34.5 billion. That leaves $15 billion.
As jet engine manufacturer Pratt & Whitney and the Machinists Union begin negotiations on Thursday for a new contract governing pay, benefits, work rules and other conditions, the top issue will be jobs.
The Manufacturing Jobs for America initiative aims to build bipartisan support for legislation that will modernize America’s manufacturing sector, help American manufacturers grow and create jobs, and assist American workers in getting the skills to succeed in the next generation of manufacturing jobs.
U.S. businesses increased their stockpiles in August, a sign that they expected stronger demand for their products. Stockpiles rose 0.3 percent in August compared with July, when they had risen 0.4 percent, the Commerce Department said Tuesday.