Caterpillar Inc. said Wednesday that global sales of its heavy equipment fell 13 percent for the three-month rolling period that ended in February, hurt by a steep drop in Asia Pacific demand. That followed a 4 percent decrease for the three months that ended in January and a 1 percent slide for the three months that ended in December, the company said in a Securities and Exchange Commission filing.
As a result of its ULE initiative, Garland has become the first manufacturer in the roofing industry to have an extensive product line of modified bitumen membranes and metal roof and wall panels earn third-party validation for their recycled and/or bio-based content.
The Senate pressed ahead Wednesday on a huge, bipartisan spending bill aimed at keeping the government running through September and ruling out the chance of a government shutdown later this month. Chamber leaders were increasingly confident that a logjam that has stalled the bill since Tuesday would be broken.
Volkswagen AG announced a recall Wednesday of more than 384,000 vehicles in China to fix gearboxes following a report last week by state TV that criticized the quality of the German automaker's cars. Volkswagen said that problems with direct-shift gearboxes might cause a power interruption, but it said drivers could remain in control and maneuver to a stop.
State and federal officials are still analyzing the impact of layoffs and furloughs at south-central Washington's Hanford Nuclear Reservation, but outsiders say they are sure to slow cleanup at the nation's most contaminated nuclear site.
The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature still needs to approve $125 million in state financing for the proposed Big River Steel mill to be built near Osceola.
Plans to construct a $1 billion plant in Carbon County to turn coal into gasoline may be delayed. The Texas developer behind the coal-to-gas conversion plant has asked state officials for more time to submit a final construction schedule. DKRW Advanced Fuels says it's not clear when its Chinese construction contractor would be able to start work.
Kaeser Compressors, Inc. is proud to announce its association with Gas Monkey Garage, the automotive fabrication and restoration shop featured on Discovery Channel's original series Fast N' Loud.Fast N' Loud features car fanatics Richard Rawlings and Aaron Kaufman as they restore derelict classic cars to their full throttle glory.
Fair’s presentation, “Embrace Change to Optimize the Global Supply Chain,” will take place on Tuesday, May 7, from 9:15-10:15 a.m. and will emphasize the importance of end-to-end supply chain visibility in remaining competitive amidst the evolving global quality landscape.
Suntech, one of the world's biggest solar panel manufacturers, has been forced into bankruptcy court, becoming the latest casualty of a painful slump in the global solar industry. Wednesday's announcement came after Suntech Power Holdings Ltd. missed a deadline last week to make a $541 million payment to bondholders.
Ford Motor Co. will pay $750 million in separation benefits to hourly workers at a Belgian factory it plans to close next year. Ford revealed the cost in a government filing Tuesday. Ford employs 4,000 hourly workers at the Genk plant. Most approved the separation plan last week.
America's lower-income workers have posted the biggest job gains since the deep 2007-09 recession — but few are bragging. As a workforce sector, those earning $35,000 or less annually are generally pessimistic about their finances and career prospects.
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions. The recall affects Buick LaCrosse full-size cars and Cadillac SRX crossover SUVs from the 2013 model year.
Transocean employees should have done more to detect signs of trouble before the company's drilling rig exploded in the Gulf of Mexico in 2010, killing 11 workers and triggering the nation's worst offshore oil spill, Transocean's chief executive testified Tuesday.
Illinois and Iowa could get into a bidding war over the construction of a $1.2 billion fertilizer production facility. According to Illinois officials, Iowa is offering Cronus Chemical LLC an estimated $35 million in taxpayer subsidies to build a plant in Mitchell County near the Minnesota border, the (Decatur) Herald & Review reported.
Meggitt, manufacturer of accelerometers and vibration sensing products, has added a new reseller for Kentucky and Illinois. Heartland Industrial Solutions LLC will promote and sell Meggitt’s Wilcoxon Research® line of vibration monitoring sensors and accessories in the Midwest region.
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer. Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million.
Swedish wireless equipment maker Ericsson and Switzerland's STMicroelectronics say they will lay off up to 1,600 workers globally as part of a plan for splitting up their unprofitable joint venture. STMicroelectronics, one of Europe's largest chipmakers, announced in December that it wanted out of ST-Ericsson as it struggled with a downturn in global demand.
As Boeing, its airline customers and federal safety regulators struggled over the past two months to solve problems with the new 787 Dreamliner's fire-plagued batteries, one player has been strangely silent: Congress. Despite the plane's grounding and the safety issues raised by its cutting-edge technology, there have been no congressional hearings or news conferences focusing on the problems.
The U.S. and China began to re-engage Tuesday on knotty issues ranging from economic frictions to North Korea's nuclear program following a months-long hiatus during President Barack Obama's re-election and China's installation of new leaders.