Pratt & Whitney and Rolls-Royce are ending a joint venture to develop engines for mid-size aircraft, citing in part the current regulatory environment. Pratt & Whitney says it will continue to invest in and develop applications of its engine for powering the next generation of midsize aircraft. That's aircraft designed for about 120 to 230 passengers.
South Dakota-based Poet LLC and its Dutch partner say a cellulosic ethanol plant being built in Iowa will open early next year. By next summer, Poet-DSM Advanced Biofuels should have any glitches worked out at the $250 million Emmetsburg, Iowa, plant, Steve Hartig, general manager of the joint venture, said Thursday during a biotech conference in Sioux Falls, the Argus Leader reported.
Klein Tools is proud to partner with the American Cancer Society in their Making Strides Against Breast Cancer of Chicago Walk as a flagship sponsor and joins thousands who will participate in the 5K fundraising walk on Saturday, Oct. 26 at Soldier Field, Stadium Green, 1410 Museum Campus Drive, Chicago.
Firefighters are battling a fire and officials are ordering nearby areas evacuated after a fire and explosions rocked a manufacturing site northwest of Oklahoma City. Oklahoma City television station News 9 reports early Thursday that police confirm explosions hit a Danlin facility near the town of Thomas.
Struggling smartphone maker BlackBerry could cut its workforce by up to 40 percent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through layoffs that will occur in all of its departments, potentially affecting several thousand people.
Tennessee has not made economic incentives for Volkswagen contingent on the German automaker rejecting the United Auto Workers union at its Chattanooga assembly plant, Gov. Bill Haslam said Wednesday. A top Democrat in the state House last week alleged that Haslam was trying to use economic incentives to sway Volkswagen against working with the UAW.
A panel of federal judges on Wednesday upheld California's first-in-the-nation mandate requiring fuel producers to reduce greenhouse gas emissions. A three-judge panel of the 9th U.S. Circuit Court of Appeals on Wednesday rejected arguments from fuel makers that California's "Low Carbon Fuel Standard" discriminated against out-of-state producers.
General Electric Co. says it plans to close an electrical components plant in upstate New York and move the work to Florida. Local media outlets report that the Fairfield, Conn., company gave union workers in Fort Edward notice on Wednesday it could close by September 2014.
Boeing Co. announced Wednesday that it will end production of its C-17 Globemaster III military cargo jet and close the final assembly plant in Long Beach in 2015, putting as many as 3,000 jobs at risk as orders plunged in the fragile world economy.
Klein Tools, a top hand tool choice of professional electricians in the United States, today announced its entry into the Australian market through a significant financial investment and strategic partnership with Mumme Tools, Australia’s leading mining tool manufacturer.
U.S. chief executives are less optimistic about the economy, according to a survey released Wednesday. The survey also indicates that disagreements over the 2014 budget and raising the debt ceiling in Washington are making them cautious about hiring.
Ecotality, which makes charging systems for electric vehicles, has filed for Chapter 11 bankruptcy protection and wants to sell its assets in an auction. Ecotality Inc. said it made the filing Monday in Arizona. The company had said in August that it might be forced into a sale or bankruptcy filing after disappointing sales and a suspension of payments from the federal government.
Volkswagen AG says its factory in Tennessee is the front-runner to build a new SUV. Marc Trahan, executive vice president of quality for Volkswagen in the U.S., said at an Automotive Press Association luncheon on Tuesday that Volkswagen will decide by the end of this year where to build the seven-passenger SUV, which the company believes it needs in the U.S. market.
The Wisconsin state Senate has voted to tighten the state's lemon law, which covers when consumers can sue auto manufacturers. The Senate passed a bill Tuesday would remove the ability to receive double damages in such cases and shorten the deadline for bringing a lawsuit from six years after purchasing a faulty vehicle to three years.
A federal appeals court sided Tuesday with Spirit AeroSystems Holdings Inc. in a labor dispute stemming from the way the Wichita-based aircraft parts maker evaluates employee performance. The 10th Circuit Court of Appeals found that the district court properly refused the union's efforts to compel arbitration over the issue.
Secretary of Labor Thomas E. Perez announced $474.5 million in grants to community colleges and universities around the country for the development and expansion of innovative training programs in partnership with local employers. The grants are part of a multiyear, nearly $2 billion initiative to expand targeted training programs for unemployed workers, especially those impacted by foreign trade.
The Energy Department says it is selling a $192 million loan made to struggling electric car maker Fisker Automotive Inc. The sale, to be held next month, is the latest setback for a half-billion-dollar loan guarantee offered to the California car maker in 2009 as part of the Obama administration's program to promote green energy.
President Barack Obama, facing a budget showdown with Congress, is pushing his economic agenda to some of the nation's top corporate executives while cautioning Republicans not to precipitate a government shutdown or an unprecedented debt default.
A South Texas vehicle assembly plant has produced its 1 millionth truck. Officials with Toyota Motor Corp. say workers at its San Antonio plant on Tuesday completed a 1794 Edition Tundra pickup truck. The vehicle's color is described as sunset bronze mica.
Germany boasts the world's most powerful woman, Europe's most powerful economy and an industrial machine that's the envy of the planet. With all that muscle, it seems natural to assume the mantle of Europe's undisputed leader. But Germany is a reluctant giant — and this Sunday's national elections are unlikely to change that.