The Brazilian state of Sao Paulo plans to file a lawsuit against German engineering giant Siemens AG to recover funds lost to an alleged price-fixing cartel involved in the construction and upkeep of the subway and train systems of the cities of Sao Paulo and Brasilia. The state government said in a statement posted on its website Tuesday night that Siemens told Brazil's antitrust agency, CADE, of the existence of the cartel in May.
A Petersburg chemical plant plans to close by the end of 2014, laying off 240 employees. Boehringer Ingelheim Chemicals Inc. said Thursday that it will begin to phase out operations starting in December 2013. The Petersburg facility that has been in operation since the late 1970s manufactures active ingredients for the pharmaceutical industry.
Apple Inc.'s shares surged passed the $500 threshold — their highest level since January. The gains came a day after activist investor Carl Icahn said he thinks the iPhone maker should do more to revive its stock price. The outspoken billionaire said in Twitter posts Tuesday that he had acquired an unspecified stake in Apple and had spoken to its CEO about boosting share repurchase plans.
Authorities in south Georgia say at least three people have been injured in a chemical explosion that rocked an industrial complex. Valdosta fire officials say more than 40 firefighters responded to the blaze at the Gil Harbin Industrial Park Wednesday afternoon with help from Lowndes County sheriff's officials, Moody Air Force Base, the Georgia State Patrol and the FBI.
Officials at northern Indiana's AM General factory are hopeful about its chances for being picked to build potentially thousands of new military tactical vehicles. The company said it delivered 22 vehicles eight days early for testing in the latest round of the Joint Light Tactical Vehicle program for the Army and Marine Corps.
Cisco's earnings and revenue grew in the latest quarter as demand for its computer networking equipment increased. But CEO John Chambers called the global economy "challenging and inconsistent" and the company said it is cutting about 4,000 jobs, or about 5 percent of its work force.
Manufacturing company Leggett & Platt is planning a $5 million expansion for its facility in southwestern Missouri. Gov. Jay Nixon announced Wednesday that Leggett & Platt would be adding 28,000 square feet and an expected 12 jobs to its Flex-O-Lators facility in Carthage. The plant makes automotive seating components.
A seafood company plans to open a $41 million plant that processes frozen fish in west Georgia. Seattle-based Trident Seafoods plans to expand and move into a Carroll County facility once operated by Chiquita. The expanded plant will cover 147,000 square feet.
Indiana Supreme Court Justice Mark Massa said Wednesday he won't withdraw from a case involving a proposed $2.8 billion coal-gasification plant, rejecting arguments that his longtime friendship with a representative of the plant's developers would leave him unable to be impartial in that case.
The Council on Competitiveness (Council) and the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE) yesterday held the third in a series of high-level dialogues as part of the American Energy and Manufacturing Competitiveness (AEMC) Partnership, a three-year effort to bring together national leaders to address a rapidly shifting national and global energy landscape.
Starting next summer, U.S. consumers will be able to search a giant database to find out if recall repairs have been made to their cars or motorcycles. The National Highway Traffic Safety Administration, the agency that regulates auto safety, says it will require major auto and motorcycle makers to give customers online access to data so it can be searched by vehicle identification number.
With Thomas Perez now confirmed as head of the Labor Department, the agency is expected to unleash a flurry of new regulations that have been bottled up for months — a prospect that has business leaders worried and labor advocates cheering. Some long-awaited rules would help boost employment for veterans and the disabled, increase wages for home health care workers and set new limits for workplace exposure to dangerous silica dust.
There's a sense of urgency to the quest for workplace harmony, as baby boomers delay retirement and work side-by-side with people young enough to be their children — or grandchildren. Put people of widely different ages together and there are bound to be differences. Baby boomers, for example, may be workaholics, while younger workers may demand more of a work-life balance.
An attorney who was fired by the court-supervised administrator of BP's settlement with Gulf Coast businesses and residents is demanding to be reinstated with back pay. In a letter to claims administrator Patrick Juneau last Friday, Christine Reitano's lawyer said her contract for working on the settlement program was "wrongfully and improperly" terminated.
Wheeling planners have approved GreenHunter Water's plan to build a plant that will recycle wastewater from natural gas drilling. GreenHunter Water plans to begin construction once it receives building permits for the project. The company expects to receive the permits over the next several weeks, the company's parent, GreenHunter Resources Inc., said Wednesday in a news release.
Hyundai is recalling 239,000 Sonata and Azera sedans in cold-weather U.S. states because road salt can corrode the rear suspension. The recall affects 215,000 Sonata midsize sedans from the 2006 to 2010 model years and 24,000 Azera full-size sedans from 2006 to 2011.
June U.S. cutting tool consumption totaled $155 million, according to the U.S. Cutting Tool Institute and AMT – The Association For Manufacturing Technology. This total, as reported by companies participating in the Cutting Tool Market Report (CTMR) collaboration, was down 6.6 percent from May and down 12.8 percent from the June 2012 level of $195 million.
Labor unions at Hyundai Motor Co. and its affiliate Kia Motors Corp. said workers voted to strike after talks with management for increased pay and benefits collapsed. Hyundai union spokesman Kwon Oh-il said Wednesday that management refused all demands by the union during three months of annual talks.
Republic Steel is facing more than $1.1 million in federal fines for two dozen safety violations at its manufacturing plant in Canton, Ohio. The Occupational Safety and Health Administration said Tuesday that the Canton-based company failed to provide workers enough protection from falling off runway girders 66 feet above the ground or perched over the plant's slag pit and furnace.
A labor group said Samsung Electronics Co. is facing a lawsuit from Brazil's government seeking damages over poor working conditions at the company's assembly lines. Reporter Brasil, a labor rights group, said on its website that Brazil's labor ministry found "serious" labor violations including up to 15 hours of work per day and insufficient breaks at Samsung's Manaus factory.