Construction on the factory stopped in August 2011 when Mamtek failed to make a required bond payment. Since then, more than a dozen lawsuits have been filed to assign blame for bondholder losses, including a criminal case pending against former Mamtek CEO Bruce Cole.
A team of ex-Nokia engineers is launching a smartphone based on the former world No. 1 cellphone maker's old software, hoping to grab a share of a highly competitive market. The Jolla handset's Sailfish operating platform is based on MeeGo software, which Nokia abandoned in 2011 when it switched over to using Microsoft Corp.'s Windows system.
Wyoming Gov. Matt Mead announced Tuesday that Maverick Ammunition, which is also known as Ammo Kan, intends to employ more than 50 people at its Laramie plant.
Nippon Steel & Sumitomo Metal Corp. is in talks to acquire a German company's U.S. automobile steel sheet plant jointly with ArcelorMittal S.A. for around 200 billion yen, sources close to the matter said Wednesday.
France's Socialist government is criticizing plans to award a 21 million-euro ($28.5 million) pension pot to the outgoing CEO of struggling French carmaker PSA Peugeot Citroen.
Airlines that operate some Boeing Co. 787s and 747s will be required to steer clear of some very large thunderstorms under a new rule from the Federal Aviation Administration.
Motorola will start selling a cheap smartphone in the U.S. more than a month ahead of schedule. The company says it was able to produce the Moto G phones faster than expected. The U.S. launch was initially planned for January. But it is going on sale Tuesday.
Several toys with high lead levels or toys that could cause young children to choke were found at major retailers and discount stores in the last few months, the U.S. Public Interest Research Group said Tuesday. The consumer safety group analyzed 50 toys for its annual report. Violations were found in fewer than a dozen, including a Captain America toy shield and play jewelry.
Anaheim, Calif.-based Fisker, which planned to build cars at a former General Motors plant in Delaware, filed for bankruptcy protection last week, ending a long, downward spiral that began after it received a $529 million loan commitment from the U.S. Department of Energy.
A judge has given a dose of cold water to Sriracha, ruling Tuesday that the factory that manufactures the trendy hot sauce must partially shut down after neighbors complained of the spicy smells it was producing.
As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.
Honda Motor Co. on Tuesday started the construction of its second auto assembly plant in Brazil that is scheduled to open in 2015. Honda invested about 1 billion real (about $437 million) for the Sao Paulo plant to meet growing demand in Brazil, the fourth largest auto market in the world.
The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. The Labor Department says the less volatile four-week average fell 7,500 to 331,750. Both the weekly jobless claims and the average have returned to pre-recession levels.
The announcement represents a vindication of sorts for FDA leadership, including Woodcock, who only agreed to put restrictions on the pill after years of pressure from academics, safety advocates and several members of Congress.
Canada and Norway had challenged the ban on the grounds that it was inconsistent. It grants exceptions to support indigenous Arctic communities that export limited amounts of seal products and to protect fisheries' nets and their catch.
Employee-owned Mayville Engineering said the new jobs will be primarily at its two plants in Beaver Dam, two in Mayville and one in Wautoma. The company also has a plant in Neillsville and employs about 2,000 people nationwide.
New York officials say a $5.8 million grant and up to $6.2 million in tax credits have figured into Bausch & Lomb's decision to expand manufacturing and distribution in Rochester, N.Y.
Jackson Furniture, based in Cleveland, Tenn., announced Monday that it will add a plant in Myrtle to one it opened in Mantachie in September, investing $2 million overall.
GE has signed a nearly $700 million contract with Saudi Electricity Company (SEC) to bring additional F-class combined-cycle gas turbines, and associated equipment and services, to the Kingdom of Saudi Arabia.
Walmart International has struggled to grow more recently, with comparable sales down last quarter in key markets such as Britain, Canada, China and Mexico, and an operating profit that declined in the first nine months of the fiscal year. McMillon has said in recent quarters the retailer must do more to control costs in international markets.