Honda Motor Co. said Wednesday it will start producing motorcycles at a new plant in Kenya later this year amid expectations of growth in local demand. Honda has set up Honda Motorcycle Kenya Ltd. for sales and production of motorcycles in Nairobi, becoming the company's third local subsidiary in Africa following one each in South Africa and Nigeria.
The Jeep Cherokee is back, with a surprising design that could win some new buyers but lose some old fans. The 2014 Cherokee midsize SUV makes its debut Wednesday at the New York International Auto Show. The remake is so radical that observers might not realize it's a Jeep.
Gains in housing and manufacturing propelled the U.S. economy over the winter, according to reports released Tuesday, and analysts say they point to the resilience of consumers and businesses as government spending cuts kick in. Demand for longer-lasting factory goods jumped 5.7 percent in February, the biggest increase in five months.
Mississippi lawmakers are considering giving a development agency the capacity to use $100 million in bonds toward the construction of buildings for suppliers of Nissan Motor Co.'s Canton plant. Two Senate committees voted Tuesday in favor of Senate Bill 2920.
United Technologies Corp. is selling a former Goodrich Corp. electric power systems business for about $400 million to French aerospace manufacturer Safran SA. The U.S.-based aerospace conglomerate announced the sale Tuesday. The sale is the second of two divestitures required by U.S. regulators as a condition of United Technologies' $18.4 billion purchase of Goodrich, a manufacturer of airplane parts.
BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 said Tuesday that its recent discovery of missing cement samples was the result of a "simple misunderstanding," not an attempt to withhold crucial evidence.
Shipments for the U.S. industrial valve industry will grow 3 percent in 2013, increasing to nearly $4.3 billion, according to figures released by the Valve Manufacturers Association as part of its annual market forecast. The increase marks the fourth consecutive year of growth following the recession, and exceeds the industry’s previous 10-year peak in 2008.
Air Cycle Corporation is very pleased to announce that as of March, 2013 our customers have kept over 3 million acres of water free from mercury contamination through their waste recycling efforts.Just one gram of mercury released into the atmosphere from wastes such as fluorescent lamps and spent electronicscan, over time, contaminate the fish in a 20-acre lake.
A consortium of about 40 companies is working with the Oak Ridge National Laboratory to develop a cheap form of carbon fiber that can be used to replace steel in manufacturing. The lab used a $35 million grant from the U.S. Department of Energy to build a manufacturing demonstration facility to improve carbon fiber technology.
Shares of Boeing Co. climbed to a multiyear high Tuesday after the company reported a smooth test flight of its new 787 passenger jet and the U.S. government reported that a surge in commercial aircraft sales lifted durable goods orders. Boeing shares rose $1.67, or 2 percent, to $86.52 in midday trading after hitting a high of $86.84 earlier in the session.
The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges, officials said Tuesday. Bruce Cole was released Monday after the cash bail was paid, Randolph County jail officials said.
A pair of outside consultants on Monday offered mixed reviews of Gov. Mike Beebe's proposal to provide a company with $125 million in state financing to build a steel mill in the northeast part of the state. Consultants from IHS Global Insights told a special meeting of lawmakers that it's a "close call" whether the state would see a positive return on the millions of dollars it's proposing to spend to lure the project to Arkansas.
Bismarck-based MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners have broken ground for a diesel refinery in North Dakota. The $300 million Dakota Prairie Refinery on 318 acres west of Dickinson will process up to 20,000 barrels of oil daily.
Hawaiian Airlines said it has signed a purchase agreement with Airbus to buy 16 new planes as part of a plan for expanded routes between the islands and the West Coast. The Hawaiian Holdings Inc. unit said the deal comes after the airline reached key labor agreements with its pilot and flight attendant unions on the new single-aisle A321neo planes.
General Motors Co. is making an attempt to shake up Buick's image as a car for older buyers with freshened up versions of its Regal midsize sports sedan and the LaCrosse large luxury car. GM unveils the pair Tuesday ahead of the New York auto show.
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.