LG unveiled a 55-inch (1.4-meter) TV that sports "ultrahigh-definition" resolution with four times the sharpness of regular HD television sets, kicking off what is likely to be a mini-obsession with the latest super-clear format at the annual International CES gadget show.
A month after activist investor Carl Icahn gave up his bid for Oshkosh, the truck maker is ending a shareholder rights plan early. The "poison pill," announced this past October to ward off hostile takeover attempts, was set to end in October 2013. Instead, it will expire Monday after the close of trading.
Authorities in Temple say they are hoping to rebuild an old factory into a municipal complex in about a year. Mayor Rick Ford tells The Times-Georgian that the City Council will discuss the issue Monday and potentially approve a bid for the work. The town plans on demolishing the old Sewell Manufacturing Plant.
A Coca-Cola plant and warehouse in southeastern Kentucky is expanding, with a company official saying more room is necessary to accommodate growing sales. The plant in Middlesboro will grow by about 24,000 square feet. Regional Sales Manager Bobby Abbott told The Daily News the company needs a place to put more items and new equipment.
MarkWest Energy's new natural gas processing plant in Wetzel County has begun operations. The plant will process 200 million cubic feet of wet Marcellus and Utica shale gas per day. It will separate the gas' dry methane from ethane, butane, propane, and pentane.
Residents in Uxbridge are in an uproar because a developer is attempting to build an asphalt manufacturing plant in town, even though residents voted to prohibit them in 1995. The problem is that no one apparently recorded the 1995 zoning bylaw amendment after it was approved. So the prohibition isn't on the books following the latest amendment of the bylaws in 2011.
Commonwealth Applied Silica Technologies plans to open a manufacturing facility in Campbell County that's expected to create 300 jobs. Richmond-based Commonwealth plans to invest $35 million in the new facility, which will be constructed on the former Archer Creek Foundry site. The facility will process silica ore and extract high-value components for resale.
More than 200 acres at Ford Motor Co.'s former Wixom Assembly Plant have been sold. The Dearborn-based automaker says Friday that Trident Barrow Management has bought 239 acres of the property northwest of Detroit. The company is a unit of Barrow Development. Demolition is slated to start by the end of March.
Japan's three biggest automakers — Toyota, Nissan and Honda — say their vehicle sales in China fell last year amid a territorial dispute that prompted Chinese consumers to boycott Japanese products. Toyota Motor Corp. said its sales in China fell 4.9 percent in 2012 to 840,500 vehicles, the first annual decline since at least 2001.
The makers of Thomas' English muffins and Tastykake snacks are emerging as two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
Toyota Motor Corp. has no plans to build new factories in the near future as the automaker will shift its focus to investing in its existing plants, company officials said Monday. The automaker's plans to build new factories in Thailand and Indonesia in 2013 will remain intact, they said.
When the word reached the Orion Assembly Plant, it spread along the serpentine assembly line like news of a death or natural disaster: GM had filed for bankruptcy protection. But there was something that the workers didn't know: They were witnessing the opening act of one of the greatest recovery stories in American business.
U.S. companies boosted their orders in November for manufactured goods that reflect investment plans even though total orders were unchanged for the month. Factory orders were flat in November, compared with October when orders had risen 0.8 percent, the Commerce Department said Friday.
Subaru is recalling nearly 634,000 cars and SUVs in the U.S. because lights beneath the doors can overheat and catch fire. The company says moisture can get into puddle lights beneath the doors and cause a short circuit that can melt plastic and cause fires.
A startup company called Elio Motors is moving into the former General Motors plant in northwest Louisiana, where it plans to build three-wheeled vehicles with high fuel efficiency and a cheap price tag. The deal was announced Thursday for Elio to take over part of the plant to assemble its unusual-looking, two-seat vehicle.
Shares of some steel producers gained for a second day on Thursday as analysts saw better times ahead for the battered industry and investors responded to encouraging economic news. Steelmaker Worthington Industries posted fiscal second quarter earnings that beat Wall Street estimates, although revenue was below expectations. Its shares rose 15 cents to $27 in afternoon trading. Earlier they hit $27.24, a new high.
Food company Ralcorp Holdings Inc. says it will close two upstate New York manufacturing facilities in a move that will leave 375 workers without jobs. The St. Louis-based company says it will close its Silver Creek and Dunkirk facilities in western New York as it shifts manufacturing to improve efficiency.
Google has settled a U.S. government probe into its business practices without making any major concessions on how the company runs its Internet search engine, the world's most influential gateway to digital information and commerce. Thursday's agreement with the FTC covers only some of the issues raised in a wide-ranging antitrust investigation that could have culminated in a regulatory crackdown.
China fined South Korean and Taiwanese makers of LCD display screens $56 million on Friday for price-fixing, joining the United States and Europe in a crackdown on the industry. Suppliers have been hit by American and European regulators with penalties totaling more than $3 billion for colluding to push up slumping prices of display screens in 2001-06. U.S. courts have sentenced 12 executives to prison.
A firm that builds components for jet engines in Butte, Mont. plans to expand its operations. GE Aviation and Marysville, Wash.-based SeaCast Inc. announced Thursday that they have established a joint venture — Montana Precision Products — to produce jet engine components at SeaCast's facility in Butte.