The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in 2010.
Nokia Corp. said Wednesday that it is suing Research In Motion, the maker of the BlackBerry, for breach of contract in Britain, the United States and Canada over cellular patents the two companies agreed on nine years ago. The struggling Finnish cellphone maker agreed with RIM in 2003 on a license that covers patents on "standards-essential" technologies for mobile devices.
General Motors and its joint venture partners say they will build a third factory complex in China to keep pace with rising sales. GM China, SAIC and Wuling Motors expect to start construction on the plant in the Chongqing municipality early in 2013, with the $1 billion first phase opening in 2015. Eventually the plant will be able to build 400,000 vehicles and engines per year, the company said in a statement Wednesday.
The Los Angeles Auto Show opens to the public Friday, and here are some of the most talked-about vehicles that will be making their world debuts at the event, including the Toyota RAV4, Honda Civic, Fiat 500e, BMWi3, Acura RLX, Chevrolet Sparks, and Ford Transit Connect Wagon.
Ford Motor Co. is in the process of tearing down about a quarter of its sprawling former assembly plant in the Detroit suburb of Wixom. Company spokeswoman Becky Sanch said Wednesday the automaker is "in sales negotiations on the property," and the demolition "is agreed upon by everyone involved." The City of Wixom has said the site is being razed "in preparation of a bright new future."
The Fiat 500 is getting bigger and going electric. Two new versions of the Italian-styled mini-car are appearing at the Los Angeles Auto Show this week: The "500e" is the brand's first all-electric model in the U.S. while the "500L" comes with four doors and significantly more room than a regular model.
The Obama administration declined Tuesday to label China a currency manipulator, noting that it has let the yuan rise nearly 10 percent in value against the dollar since June 2010. Despite its decision, the administration said the yuan remains "significantly undervalued," and it urged China to make further progress.
Bombardier Inc., the world's third-largest maker of civilian commercial aircraft, said Monday it has made the biggest sale of business aircraft in its history, potentially worth up to $7.8 billion if all options are exercised. VistaJet, a private European company that provides luxury chartered flights, placed firm orders for 56 Bombardier Global jets valued at $3.1 billion and acquired options for a further 86 Global jets.
An executive vilified by Hewlett-Packard Co. on allegations of an accounting ruse is escalating his counter-attack on the company accusing him. In a letter to HP's board released Tuesday, former Autonomy CEO Mike Lynch fiercely defended his integrity. He also questions whether HP is using the charges of financial shenanigans to cover up damage caused by its own ineptitude.
Working harder to hold onto already interested students is faster and less expensive than recruiting newcomers when it comes to increasing the number of science, technology, engineering and math degrees, a national education expert told New Hampshire education leaders Tuesday.
Steel maker Steel Dynamics Inc. said Tuesday it will build a new heat-treating system capable of producing 350,000 tons of steel per year at its structural and rail division facility in Columbia City, Ind. The system will be used to make steel rails for the railroad industry. The company said it will be able to roll out rails up to 320 feet long.
GE Lighting is buying LED fixture maker Albeo Technologies Inc. in order to meet the demand for energy-efficient high-bay LED lighting products. Privately held Albeo Technologies's LED systems are used in commercial, warehouse, industrial, cold storage, office, data center, food processing, parking garage, school, sporting and correctional environments.
Atlanta Mayor Kasim Reed joined Georgia Gov. Nathan Deal and representatives from the Porsche company to break ground on the company's new North American headquarters in Hapeville. The new headquarters is being built on the old Ford plant site near Hartsfield-Jackson Atlanta International Airport. The car manufacturer is the first company in the Aerotropolis Atlanta business district.
Siri, the helpful voice of the iPhone, will work for drivers of two small Chevrolets starting early next year. Drivers of the Spark mini-car 1LT and 2LT models and the Sonic subcompact LTZ and RS models will be able to tell Siri to do a limited number of tasks through the cars' infotainment systems, Chevrolet announced Tuesday at the Los Angeles Auto Show.
President Francois Hollande has met with the chief of ArcelorMittal after a minister in his government suggested that the steel giant should be ousted from France. Industrial Recovery Minister Arnaud Montebourg earlier this week accused the company of lying to the government over its plan to shutter a blast furnace in the northeast town of Florange, threatening some 600 jobs.
A Minnesota company has selected a northern Indiana site for an iron ore pellet plant costing up to $350 million to build. Magnetation announced Tuesday it would build the plant at the White County town of Reynolds where construction of a VeraSun ethanol plant was suspended five years ago.
Despite media reports that tend to focus on job loss, plant closings and other negative events, the truth is that while U.S manufacturing has been weakened in recent years, it is still quite strong. Perhaps no one knows this better than Chelsea C. (Chip) White, the Schneider National Chair of Transportation and Logistics in the School of Industrial & Systems Engineering at the Georgia Institute of Technology.
InfinityQS International, Inc. today announced a strategic partnership with Keops Technologies, Inc. that increase efficiency and improve quality. With offices in Montreal, Madrid and Paris, and recent expansion in Dubai, Keops has formalized its partnership with InfinityQS to complement its existing manufacturing solutions with ProFicient, InfinityQS’ enterprise quality hub powered by statistical process control (SPC).
U.S. companies in October increased their orders of machinery and equipment that signal investment plans by the largest amount in five months, a hopeful sign for future economic growth. Orders for core capital goods, considered a proxy for business investment, rose 1.7 percent in October, the best showing since a 2.3 percent rise in May, the Commerce Department said.
The U.S. Department of Labor cited a chemical manufacturing company in northwest Georgia for 20 safety violations, and proposes the company pay a $77,000 fine. The Occupational Safety and Health Administration announced Monday that MFG Chemical Inc. exposed workers to fire and explosion hazards, among other safety infractions.