State officials in Georgia are reaching out to over 500 people who lost their jobs in the recent Hostess company liquidation. Officials say 558 people in Georgia were impacted by the closure of Hostess Brands Inc. earlier this month. The Governor's Office of Workplace Development and the Georgia Department of Labor are asking job seekers to visit their local department of labor career center for information on unemployment insurance.
Honda has made a quick U-turn. Just 19 months after its Civic compact hit showrooms and was slammed by critics, the company has revamped the car, giving it a sportier look and upgrading the interior. It's an unusual and costly do-over. But Honda — among the auto industry's most highly-regarded brands — was worried the car's flaws would hurt sales and market share, analysts say.
Apple Inc. on Friday said its latest iPad models will go on sale in China on Dec. 7, followed by the iPhone 5 a week later. China is one of Apple's largest and fastest-growing markets. Analyst Brian White at Topeka Capital Markets said iPhone 5 is launching roughly when he expected it, but he hadn't expected the iPad mini and the fourth-generation, full-size iPad to go on sale in China this year.
The German automotive supplier iwis is planning to open a manufacturing plant in Murray, creating 75 jobs in the western Kentucky city. Gov. Steve Beshear joined company officials to make that announcement on Friday. It will be the firm's first manufacturing plant in the U.S. Beshear said the $12.5 million investment was the result of an economic mission he made to Germany earlier this year.
Internet networking gear maker Cisco Systems Inc. is buying software maker Cariden Technologies Inc. for $141 million as part of its effort to provide more tools for managing increasing online traffic from mobile devices. The all-cash deal announced Thursday is expected to be completed sometime during Cisco's current fiscal quarter, which ends in late January.
Boeing expects its new tanker for the U.S. Air Force to be untouched by cuts in defense spending next year, its top defense executive said Thursday. Defense contractors have been getting ready for automatic defense cuts that are a part of the so-called fiscal cliff that starts in January if Washington lawmakers can't strike a budget deal. Those cuts total $55 billion for next year and about $500 billion over 10 years.
Hostess Brands Inc. got final approval for its wind-down plans in bankruptcy court Thursday, setting the stage for its iconic snack cakes to find a second life with new owners — even as 18,000 jobs will be wiped out. The company said in court that it's in talks with 110 potential buyers for its brands, which include CupCakes, Ding Dongs and Ho Hos.
German industrial conglomerate Siemens AG's light bulb unit, Osram, says it is cutting 4,700 additional jobs in its drive to save costs and phase out older technologies. Company spokesman Stefan Schmidt told The Associated Press on Friday the cuts come on top of others previously announced, for a total of at least 7,300 reductions through 2014.
Mississippi taxpayers may have only an empty Senatobia building and solar panel equipment to show for $26 million in loans to Twin Creeks Technologies. The California-based solar technology firm is liquidating and a company that bought Twin Creeks' assets won't take over its agreement with Mississippi. Twin Creeks had agreed to invest at least $132 million and create at least 500 jobs in exchange for loans, tax breaks and other aid.
The Italian government is preparing measures aimed at avoiding the closure of a steel plant that is Europe's largest by capacity and has been the subject of a health scandal. Premier Mario Monti's government hammered out measures Friday, a day after meeting with owners and union representatives at the Ilva plant in the southern province of Taranto.
Two firearms companies owned by a German group said Thursday they would spend $7 million on manufacturing plants at a former military installation near Fort Smith and create from 70 to 120 jobs in the next five years. Umarex USA already has offices at the Chaffee Crossing center and will share a campus with Walther Arms on the east side of town, where the U.S. Army formerly operated Fort Chaffee.
Hostess Brands Inc. is asking for a judge's approval to give its top executives bonuses totaling up to $1.8M as part of its wind-down plans. The maker of Twinkies says the incentive pay is needed to retain "high-level managers" during the liquidation process, which could take a year. Two of those executives would be eligible for additional rewards depending on how efficiently they carry out the liquidation.
Chinese vehicle production from Toyota and other major Japanese automakers tumbled in October amid a territorial dispute between the two Asian powers that led to boycotts of Japanese products in China. Toyota Motor Corp. said Thursday that its Chinese output plunged 61 percent to 30,591 vehicles, its third straight monthly decline.
The owner of a Bangladesh clothing factory where a fire killed 112 people says he was never informed the facility was required to have an emergency exit, a sign of how far removed the leaders of the nation's garment industry are from issues of worker safety.
Federal workplace safety officials have cited a chemical company for dozens of violations and propose $545,000 in fines after a vapor release temporarily closed a northeast Ohio plant and a nearby highway. The Occupational Safety and Health Administration said Wednesday it cited Dover Chemical Corp. for 47 health and safety violations.
Nearly 400 nonprofits and public employers will receive bills totaling more than $542,000 after South Carolina's unemployment agency mistakenly undercharged employers for three quarters. The Department of Employment and Workforce is notifying employers this week of a computer programming error that resulted in $8.6 million worth of paid-out benefits not being properly recorded.
Government attorneys say failed battery maker A123 Systems Inc. needs the government's consent in order to sell its assets. The Justice Department told a Delaware bankruptcy judge Tuesday that any sale of A123's assets must protect the government's interests. The Department of Energy gave the Waltham, Mass., company a $249 million grant three years ago.
A freak tornado struck a steel plant in southern Italy on Wednesday just days after its owners announced their intention to close what is Europe's largest steel facility. One person was reported missing and some two dozen were injured when the tornado struck Wednesday, the ANSA news agency said, adding that the Ilva plant sustained significant damage.
The Obama administration put a temporary stop to new federal contracts with British oil company BP on Wednesday, citing the company's "lack of business integrity" and criminal proceedings stemming from the Deepwater Horizon disaster in 2010.
Nokia Corp. said Wednesday that it is suing Research In Motion, the maker of the BlackBerry, for breach of contract in Britain, the United States and Canada over cellular patents the two companies agreed on nine years ago. The struggling Finnish cellphone maker agreed with RIM in 2003 on a license that covers patents on "standards-essential" technologies for mobile devices.