Financing for a $1.1 billion steel mill planned for northeast Arkansas expects to be wrapped up by the end of the year, but until then backers will be lining up customers and suppliers. The Big River Steel plant, which is projected to employ more than 500 people, recently was approved for an air quality permit from the Arkansas Department of Environmental Quality, pending resolution of any objections that are due before mid-October.
Ford says it will sink 700 million Canadian dollars ($680 million) into an assembly plant near Toronto to add models and meet increased demand for vehicles around the world. The investment will preserve the Oakville, Ontario, plant's 2,800 jobs and expand its manufacturing capability, the company said Thursday.
Break out the balloons. Congress moved a step closer Thursday to averting an impending shutdown of the federal helium reserve, a key supplier of the lighter-than-air gas used in a products ranging from party balloons to MRI machines.
Sen. Al Franken is concerned about Apple's use of fingerprint recognition technology in its new iPhone 5S. The iPhone 5S, which went on sale Friday, includes a fingerprint sensor that lets users tap the phone's home button to unlock their phone, rather than enter a passcode.
A deal to upgrade Abrams tanks for Saudi Arabia will be a big boost for the nation's only tank-manufacturing plant, which just a year ago was on shaky footing amid numerous threats to its federal funding. The $188 million contract with Saudi Arabia calls for most of the work to be done at the Joint Systems Manufacturing Center in Lima, about 80 miles south of Toledo.
An employee of Empire District Electric Co. alleges in a lawsuit that the utility exposed its employees to asbestos and other hazardous materials at a plant in southeast Missouri. The lawsuit, filed last week in Jasper County Circuit Court by Les Rider, of Diamond, seeks class-action status for employees who worked at the utility's Riverton plant.
Japan's Nissan Motor Co. said Friday it will build a car assembly plant in Myanmar to begin manufacturing the Nissan Sunny compact sedan in 2015. The company said the Myanmar Investment Commission approved its application for the joint venture auto plant with Malaysia's Tan Chong Motors on Aug. 15.
Following a strong pace of production in the first quarter of 2013, manufacturing production eased in the second quarter but should accelerate growth, according to the quarterly Manufacturers Alliance for Productivity and Innovation U.S. Industrial Outlook, a report that analyzes 27 major industries.
A gauge of the U.S. economy's future health posted a solid gain in August, signaling stronger growth in coming months. The Conference Board said Thursday that its index of leading indicators increased 0.7 percent in August from July. That followed a 0.5 percent gain in July from June.
A former Halliburton manager was charged Thursday with destroying evidence following BP's 2010 oil spill in the Gulf of Mexico, a case that coincides with a guilty plea to a related charge by the Houston-based oilfield services company. Halliburton was BP PLC's cement contractor on the drilling rig that exploded in the Gulf in April 2010, killing 11 workers and triggering the largest offshore oil spill in U.S. history.
Public companies would have to show the difference in pay between their CEOs and ordinary employees under a proposal advanced by federal regulators. The Securities and Exchange Commission voted 3-2 Wednesday to propose a rule that would compel companies to report that information publicly. Companies would have to report the ratio between their chief executive's annual compensation and the median, or midpoint, pay of employees.
Japanese automakers launched their low-cost green cars at the 21st Indonesia International Motor Show 2013 that opened Thursday in Jakarta, hoping to capitalize on a new Indonesian government policy that gives tax exemptions for the eco-friendly cars.
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.