A Chinese furniture maker is establishing its first U.S. subsidiary in Virginia's Smyth County. Gov. Bob McDonnell announced the $2.1 million project Friday. He says the New Ridge subsidiary of Liaoyang Ningfeng Woodenware Co. is expected to create 125 jobs.
Hundreds of Amazon.com Inc. workers are staging a strike in Germany and the union says there will be more to come in the run-up to Christmas unless the online retailer raises wages.
Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by recently ousted CEO Thorsten Heins, will leave the struggling smartphone maker. And the company said Monday that Brian Bidulka is being replaced by James Yersh as chief financial officer. Yersh previously served as senior vice president and controller.
The announcement came just days before the kickoff of the holiday shopping season. It also comes as Wal-Mart is trying to boost sales in the U.S. and abroad amid a challenging global economy that's weighing on its low-income shoppers.
European Commissioner Algirdas Semeta unveiled a plan Monday to stop companies avoiding taxes on subsidiaries' dividends in some EU nations because local laws classify the dividends as debt payments.
Bangladesh has yet to meet benchmarks set by the U.S. government for restoration of trade benefits suspended after a garment factory collapse that killed more than 1,100 people, an influential Democratic senator said Friday.
A major U.S. power company has pleaded guilty to killing eagles and other birds at two Wyoming wind farms and agreed to pay $1 million as part of the first enforcement of environmental laws protecting birds against wind energy facilities.
The $139 million loss is the largest in the Obama administration's green energy loan program since the 2011 failure of solar panel maker Solyndra. The government lost $528 million in the Solyndra collapse, triggering sharp Republican criticism of the loan program and President Barack Obama's investments in green energy.
Berry Plastics Corp. plans to close five of its manufacturing plants next year in response to weak demand for the company's plastic containers and packaging. The plants will close by Sept. 30, 2014, and cost about 200 workers their jobs.
City News Service reports that Judge Robert O'Brien did agree Friday to take Irwindale's request for a preliminary injunction to close the plant under consideration. The judge didn't indicate when he might rule.
In a 2-1 ruling Friday, the 4th U.S. Circuit Court of Appeals in Richmond upheld a jury's finding that Taser International was negligent in the 2008 death of 17-year-old Darryl Wayne Turner.
In the lawsuit, Philip Berger claimed he developed inflammation of the lung after breathing contaminants from a chemical used to cool cutting tools at Copeland Scroll Compressors, a firm owned by Ferguson-based Emerson Climate Technologies.
Boeing is alerting airlines about possible engine icing problems on some of its new planes. It is recommending that planes with a specific General Electric engine avoid flying near thunderstorms that might contain ice crystals.
General Electric Co. says it will close a northern New York electrical capacitor plant that employs about 200 workers.The Fairfield, Conn.-based company announced Thursday that it will follow through on plans announced in September to close its Fort Edward plant and move operations to an existing manufacturing site in Clearwater, Fla.
Joe Hinrichs was named Ford Motor Co.'s president of the Americas one year ago, after a three-year stint as head of Ford's Asian operations. Here's what Hinrichs told The Associated Press on the sidelines of the Los Angeles Auto Show this week:
Job postings rose 69,000 to a seasonally adjusted 3.9 million, the Labor Department said Friday. That's the most since March 2008, just a few months after the Great Recession began. It's also close to the roughly 4 million job openings each month that are consistent with healthier job markets.
A new $110 million energy research center dedicated by Clemson University will not only help develop a new generation of wind energy but will strengthen the grid by which electric power is distributed, U.S. energy and university officials said.
A draft text presented Friday, the last scheduled day of the two-week conference in Warsaw, gave only vague direction on when countries should present their targets for restricting carbon emissions. That's a key element of the deal that's supposed to be adopted in Paris in 2015.
The leaked oil triggered two huge blasts, one of them tearing up concrete along a city road in Qingdao. Photos posted online showed ripped slabs of pavement, bodies, overturned vehicles and shattered windows in nearby buildings. Black smoke rose above gigantic fuel silos and darkened much of the sky.
More places to "refuel" would diminish worries of getting stranded with a dead battery, and widespread adoption of the cars would help the state meet ambitious air quality goals. Instead of Californians plugging in, however, progress has been plugged up: 110 of the 1,040 stations that NRG committed to installing by early December are ready.