Japanese car manufacturer Honda is returning to Formula One in 2015 as an engine supplier to the automaker's former partner McLaren of Britain. Honda president Takanobu Ito announced the decision at a news conference in Tokyo on Thursday.
The developer of a proposed southern Indiana fertilizer plant said Wednesday the project will be safe and not handle explosive materials like a Texas plant where a deadly explosion occurred last month. All of the products made at the Ohio Valley Resources LLC proposed for the Ohio River city of Rockport will be liquid, non-flammable and non-explosive, Fairfield, Ill.-based developer Doug Wilson said.
Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, inflation stayed tame. The producer price index, which measures price changes before they reach the consumer, fell a seasonally adjusted 0.7 percent in April from March, the Labor Department said Wednesday.
A man is dead after being electrocuted at a manufacturing plant in St. Louis County. The St. Louis Post-Dispatch reports that employees of St. Louis Cold Drawn Inc. arrived at 4:15 a.m. Wednesday and found the 55-year-old victim on the ground. He was taken by ambulance to a hospital and pronounced dead.
Boeing restarted deliveries of 787s on Tuesday after a four-month halt while it dealt with the smoldering batteries that had kept the planes grounded. Boeing handed the plane over to Japan's All Nippon Airways at its factory in Everett, Wash.
State and federal agents will release this week the findings of an investigation into a deadly explosion at a Texas fertilizer plant. The State Fire Marshal's Office and the Bureau of Alcohol, Tobacco, Firearms and Explosives will announce their findings on Thursday.
Opponents of a proposed southern Indiana fertilizer plant are arguing that state officials should block the project because of dangers highlighted by last month's deadly explosion at a Texas fertilizer manufacturer. An Illinois businessman is seeking permission to build a fertilizer plant projected to cost $950 million near the Ohio River city of Rockport.
The former Noodles by Leonardo plant in Cando will start producing pasta again next week after six months of closed doors. The facility is now owned by Cando Pasta LLC, a partnership of local businessmen Jim and Bruce Gibbens and two other investors.
U.S. factories cut back sharply on production in April, as auto companies cranked out fewer cars and most other industries reduced output. The Federal Reserve said Wednesday that manufacturing output dropped 0.4 percent in April from March. It was the third decline in four months and the biggest since October.
Three Ohio drivers are suing Ford Motor Co., claiming the company's six-cylinder EcoBoost engine is defective. The lawsuit says the 3.5-liter V6 EcoBoost engine can shudder, shake and then rapidly lose power while drivers are accelerating.
When they saw 30-foot flames licking the sky inside a massive fertilizer plant, firefighters in this tiny Texas town rushed to evacuate nearby buildings and raced to spray water on tanks of chemicals, hoping to prevent a catastrophe. They didn't know, and probably could not imagine, that the plant would soon explode into a deadly fireball and lay waste to much of the community.
Steel and elevator maker ThyssenKrupp says it will cut 3,000 of its 15,000 office jobs over the next three years to streamline the company's administration. The company says the move is part of an effort to make its business structure more efficient and transparent.
Honda Motor Corp. said Tuesday it will build a manufacturing plant for its NSX sports car in the U.S. state of Ohio, aiming to introduce the all-new vehicle in 2015 under its luxury brand Acura. The automaker will invest around $70 million in the new plant, which will be Honda's fifth U.S. factory.
A judge has slashed a landmark $240 million verdict to $1.6 million for 32 mentally disabled workers who suffered years of abuse by their caretakers. U.S. Senior Judge Charles Wolle entered judgment Tuesday against Henry's Turkey Service of Goldthwaite, Texas. Wolle says he must limit the judgment to $50,000 per employee, the cap included in the Americans with Disabilities Act for businesses with fewer than 101 workers.
Nissan Motor Co. and General Motors Co. have signed a deal for Nissan to build small commercial vans that GM will sell in the U.S. and Canada, the companies said Tuesday. The vans will be based on the Nissan NV200 and will be sold at Chevrolet dealers starting in the fall of 2014.
France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and jumpstart the country's stagnant economy. The bill is one of President Francois Hollande's signature pieces of legislation designed to overhaul the country's notoriously hidebound labor market.
A bill backed by auto dealers that effectively blocks California's Tesla Motors Inc. from selling in North Carolina has passed the state Senate. The electric car manufacturer says the bill that passed the Senate unanimously Monday effectively bars it from selling to state residents through its Internet-based model.
Honda's new version of its Acura NSX sports car will be produced at a new plant inside one of the automaker's former facilities in central Ohio, Honda said Tuesday. The new $70 million plant, called the Performance Manufacturing Center, will be inside the former North American Logistics facility and adjacent to Honda's existing factory in Marysville.
European aerospace company EADS says strong deliveries by airplane maker Airbus helped drive higher earnings in the first quarter. The Airbus parent company reaffirmed its forecast of lifting commercial aircraft deliveries this year to between 600 and 610, as demand from Middle Eastern and Asian carriers to expand their fleets continues to drive sales for one of Europe's largest exporters.
BlackBerry maker Research In Motion Ltd. has unveiled a lower-cost BlackBerry aimed at consumers in emerging markets, stepping up its efforts to regain market share lost to Apple's iPhone and Android devices powered by Google's software.