The closure of the 85-year-old Minas Basin mill is the latest blow for one-industry towns that have seen the economy pass them by, adding to the westward migration of skilled workers and draining the coffers of struggling communities. As the plants close, the small-town dream fades for many, says Arne Jensen, a former construction electrician at the Minas Basin site.
Apple said Monday that it sold more than 2 million iPhone 5s in China in their first three days of availability, setting a record for that market. The iPhone 5, which launched in China on Friday, will be available in more than 100 countries by the end of December.
A federal judge ruled Friday that his court has jurisdiction to apply the U.S. Superfund law to a Canadian company that acknowledges polluting Lake Roosevelt in Washington state. U.S. District Judge Lonny Suko of Yakima ruled against Teck Metals Ltd. of Vancouver, British Columbia, in a long-running case involving pollution of the lake in northeastern Washington. Cleanup has been estimated to cost up to $1B.
A firm headed by Democratic gubernatorial candidate Terry McAuliffe never provided Virginia officials enough details to obtain economic development incentives, according to an AP review of state records. McAuliffe claimed that the Virginia Economic Development Partnership didn't want to bid on GreenTech Automotive's proposed plant to manufacture tiny, low-speed, all-electric two-seaters, so the project went to Mississippi.
Japanese manufacturers are growing increasingly pessimistic, according to a survey released Friday that added to gloom over the economic outlook ahead of Sunday's parliamentary election. The Bank of Japan's "tankan" index for the December quarter slumped to minus 12 from minus 3 in the previous quarter, a result that was much worse than expected. A reading below zero means pessimistic views outnumber optimists.
Think you might need a "bathtub truck," a tank on wheels that Hershey Co. employees once used to haul liquid chocolate from one part of the plant to another? Or maybe a telephone booth? The Hershey Co. has two of those for sale in an auction this weekend to get rid of the thousands of items in the old plant on East Chocolate Avenue.
The Virginia Manufacturers Association is partnering with ECPI University to create a hub for manufacturing education and training in Southside Virginia to help align regional employer needs and economic development objectives. Officials say the institute will help ensure a workforce pipeline to meet current and future job requirements in advanced technology industries.
General Motors says it expects to add more than 500 jobs at a Buffalo-area plant that will make engines for the automaker's new versions of two popular pickup trucks. The V8 engines for the Chevrolet Silverado and GMC Sierra line of pickups will go into production early next year at the GM Powertrain plant in the town of Tonawanda, just north of Buffalo.
China's manufacturing activity rose to a 14-month high in December, adding to signs the world's second-largest economy is recovering, but export orders weakened, a survey showed Friday. HSBC Corp. said the preliminary version of its monthly purchasing managers' index rose to 50.9 on a 100-point scale on which numbers above 50 represent expanding activity. That was up from November's 50.5.
Solazyme Inc.'s shares soared Friday after the company, which makes renewable oils and bio-products, said that it has reached commercial-scale production at a plant in Iowa. Solazyme, based in South San Francisco, Calif., said it is initially targeting annual production of 20,000 metric tons of oil starting in early 2014 at the ADM facility, with targeted expansion to 100,000 metric tons.
U.S. factories rebounded in November from Superstorm Sandy, boosting production of cars, equipment and appliances. The Federal Reserve said Friday that factory output increased 1.1 percent in November from October. That offset a 1 percent decline in the previous, which was blamed on the storm.
A South Korean agency said working at a Samsung factory caused the breast cancer of a worker who died earlier this year, the second time it has recognized a link between cancer and Samsung's chip plants. The Korea Workers' Compensation and Welfare Service ruled there was a "considerable causal relationship" between the woman's cancer and her years of work at a semiconductor plant.
Volkswagen AG says group sales through the first 11 months of 2012 have already surpassed last year's record full-year result as deliveries outside western Europe more than offset declines in the debt-troubled region. Europe's largest automaker said Friday it sold 8.29 million vehicles from January through November, up 10.4 percent over the same period last year.
The Sparrows Point steel mill, which in its heyday during and after World War II employed some 30,000 workers, will be razed, bringing an end to more than a century of steelmaking in Baltimore County. Baltimore County Executive Kevin Kamenetz said Thursday that an owner of the plant, Hilco Industrial, told him that despite worldwide marketing, "no interested party wants to operate an existing steel mill."
Hitachi Ltd. on Thursday held a board of directors' meeting in the Indian capital New Delhi, the first time it has held such a meeting outside Japan since the company's founding in 1910. Holding the meeting in India indicates that Hitachi is planning a strategy targeting the promising market of 1.2 billion people.
Chrysler Group LLC is seeking tax incentives for its transmission plant in Kokomo at the same time it's asking Tipton County officials for similar incentives on a vacant plant. Chrysler spokeswoman Jodi Tinson confirmed Friday that the automaker had asked the city to approve tax abatement, but she wouldn't discuss any further details.
Fluke Corp. announces the "My First Fluke" program, which allows students actively enrolled in technical or vocational schools, colleges, universities, apprenticeship programs, or high schools in the United States to purchase one Fluke tool at a 25 percent discount.
Plibrico Company, LLC is pleased to announce the addition of Quadra Industrial Services to Plibrico’s preferred exclusive network of refractory contractors. Operating from its headquarters in Edmonton, Alberta, Canada, and construction office in St. Johns, New Brunswick, Quadra Industrial Services will be the exclusive Plibrico PliPartner for the Atlantic Canada region.
General Motors is giving its big pickups a much-needed makeover. The company is unveiling new versions of its top-selling Chevrolet Silverado and GMC Sierra on Thursday. The 2014 models will go on sale by early spring or late summer. The timing is good. The models roll into a market where truck sales are growing after a five-year slump.
The number of Americans seeking unemployment benefits fell sharply for a fourth straight week, a sign that the job market may be improving. The Labor Department said Thursday that weekly applications for unemployment benefits fell 29,000 last week to a seasonally adjusted 343,000, the lowest in two months. It is the second-lowest total this year.