It might be unfathomable to people who still bear scars from the double-digit inflation of the 1970s, but what the global economy could use right now is a dose of higher prices.
Smiths Detection has received a $42 million follow-on production order from the US Department of the Army for Chemical Biological Protective Shelters (CBPS) to equip the National Guard. CBPS systems are mobile medical shelters – designed to military specifications – highly resistant to chemical and biological threats.
This has been the snowiest winter nationally in four years and the coldest in three years, costing businesses of all sizes and their employees an estimated $15 billion that can't be made up, according to research from Planalytics, which analyzes the economic impact of weather.
Spring water bottler Crystal Geyser's plans to tap an aquifer at the base of Mount Shasta in far Northern California is running into opposition from some residents, environmentalists, and Native American tribes.
Bernd Osterloh, who is also a member of VW's supervisory board, told the German daily Suddeutsche Zeitung in an interview published Wednesday that U.S. labor law experts will check whether undue pressure was put on employees to reject the UAW.
Caterpillar Inc.’s Corinth, Miss., plant is expanding to produce C175 remanufactured engines. The project represents a corporate investment of $14.8 million and will create 30 jobs. The Corinth facility is Caterpillar’s lead facility for large engine remanufacturing worldwide.
Silicon Valley has always rewarded great design, both inside and out. The two companies are among the most exemplary examples of this, be it the iPhone, iPad, or the Model S. Every detail is thought of, and it all works seamlessly with each other. However, that's where many of the similarities end.
The U.S. Department of Agriculture's Food Safety and Inspection Service said in a statement Tuesday that it withdrew inspectors and suspended operations at Central Valley Meat Co. in Hanford, about 30 miles south of Fresno, over the conditions.
Carlsberg says beer sales are likely to fall this year in western Europe and Russia, but continue to grow in Asia. The Copenhagen-based group says its fourth-quarter net sales fell slightly to 15.7 billion kroner ($2.9 billion) as overall beer volumes dropped 3 percent.
Germany has become the world's biggest user of one-way car sharing plans. The trend has been boosted by Germany's powerful auto industry, which first ignored the car sharing phenomenon, but is now jumping on board.
Without solid numbers, many have assumed that most of the offshored jobs go to developing countries where workers are paid near-poverty wages in less than ideal working conditions. However, the researchers said public fear that offshoring to lower-cost countries is putting downward pressure on U.S. jobs may be overblown.
Boosting the federal minimum wage as President Barack Obama and congressional Democrats are proposing would increase earnings for more than 16.5 million people by 2016 but also cut employment by roughly 500,000 jobs, Congress' nonpartisan budget analyst said Tuesday.
President Barack Obama wants to put major emerging trade deals with Europe and Asia on a "fast track" to congressional passage. But with midterm elections looming, many fellow Democrats are working to sidetrack them instead.
The U.S. Consumer Product Safety Commission said Tuesday that various sizes, models, and colors of its 2012 Precedent 12 golf and transport vehicles are being recalled. The hip restraint on the passenger side of these vehicles can fracture, which puts passengers at risk for a fall.
Faced with stubbornly low prices for aluminum due to global overcapacity, Alcoa has been idling and closing smelters to reduce capacity. When the last moves are completed, Alcoa will have cut its smelting capacity by 17 percent.
President Barack Obama is ordering a new round of fuel efficiency standards for medium- and heavy-duty vehicles by March of 2016. He is highlighting improvements already undertaken by companies such as Safeway to cut back on gasoline costs for their fleet of trucks.
The Hunstville, Alabama plant produced a record 540,000 engines last year and is the only Toyota plant globally to build four-, six- and eight-cylinder engines. The celebration comes on the heels of an announcement Monday that firearms manufacturer Remington Outdoor Co. plans to expand to Huntsville.
The company said Tuesday that the wing center will be located north of its Everett factory and sustain thousands of area jobs in the years to come. Construction on the new facility is scheduled to begin later this year.
The fire in the pace car started right before the third segment of the Sprint Unlimited race. Flames could be seen shooting from the rear of the car as it sat on the apron. A replacement pace car was brought out to finish the race.
In an auction stretching over three days last week, Wanxiang beat out Hybrid Technology, led by Hong Kong billionaire Richard Li, with a final bid of $149.2 million in cash and other considerations.