Shanghai authorities ordered schoolchildren indoors and halted all construction Friday as China's financial hub suffered one of its worst bouts of air pollution, bringing visibility down to a few dozen meters, delaying flights and obscuring the city's spectacular skyline.
The annual meeting of American Crystal Sugar Co. on Thursday highlighted the company's 40th year as a farmer-owned cooperative, but there was little cause for celebration among shareholders. Berg said at a press conference before his speech that he doesn't see the end to a price problem he attributes to excessive supplies of Mexican sugar in the U.S. market.
One enterprising car buyer just bought a Tesla Model S Performance using the digital Bitcoins, an open-source currency that uses cryptography to secure and anonymize transactions between parties, from the Lamborghini Newport Beach dealership.
Mississippi should seize an opportunity to compete for energy-thirsty economic development, economist David Dismukes suggested Thursday at the Governor's Energy Summit.A Louisiana State University professor, Dismukes was hired by the Mississippi Energy Institute to look at opportunities that might arise from the U.S. boom in natural gas production.
The decision comes just two months after Shell selected a site for the plant. It would have created 740 jobs, according to a late-September announcement that championed the plant's location in Ascension Parish, near Baton Rouge.
The project will increase the use of gas from a landfill about nine miles away that began in 2002 when the factory began using it to create steam for the 4,000-worker factory that assembles Chevrolet Silverado and GMC Sierra pickup trucks.
A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy. The Labor Department says employers added 203,000 jobs, nearly matching October's revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October.
European Union antitrust regulators have raided the offices of several companies that make and sell consumer electronics and domestic appliances, in an investigation into whether they artificially boosted the prices of goods online.The raids were carried out by the European Commission, the EU's executive arm, which declined to identify the companies targeted.
Authorities say an explosion sparked a fire at a western Michigan manufacturing facility and prompted an evacuation at the plant. No one was injured. The Muskegon Chronicle reports an explosion in a titanium dust collector caused the fire late Thursday at the Alcoa Howmet facility in Whitehall, near Muskegon. Fire officials say the fire spread through duct work.
From coast to coast, states are rushing to impress Boeing with lavish incentive packages that offer property, labor deals and billions of dollars in tax breaks. All this in the hopes that the aerospace giant will select them to assemble the new 777X — or at least give them a wing to construct.
Obama says the plan to use renewables for 20 percent of electricity needs will help reduce pollution that causes global warming, promote American energy independence and boost domestic energy sources such as solar and wind power that provide thousands of jobs.
Under the civil penalty, Advanced Sterilization Products, a unit of J&J's Ethicon business, will pay $1.2 million to settle allegations that it made and sold "adulterated and misbranded" sterilization monitoring products, the FDA said. Two company executives will pay an additional $30,000 and $20,000, respectively.
Venucia is a leader in the latest twist in the world's biggest auto market: Chinese brands created by global automakers with local partners to sell foreign cachet at lower prices. The trend started with government pressure on global automakers to help create Chinese brands. But some are trying to turn that into a commercial advantage.
The Fit sold 26,235 units, up 181.5 percent from a year earlier, with its hybrid model with a fuel economy of 36.4 kilometers per liter drawing robust demand, according to the Japan Automobile Dealers Association and the Japan Mini Vehicles Association.
China has given Renault and a local partner approval to launch a $1.3 billion auto manufacturing joint venture, the French brand's first in the world's biggest vehicle market. Renault SA, maker of the Clio and Megane hatchbacks, is one of the last major auto brands without its own manufacturing in China.
Governor Nathan Deal has announced that flooring manufacturing company Mohawk Industries is planning to renovate two facilities in northwestern Georgia and create more than 400 new jobs. Deal said Wednesday that Mohawk industries is planning to invest $85 million in the renovation of two facilities in Rome and Dalton over the next two years.
GM said Thursday that Chevrolet will no longer have a "mainstream presence" in Europe and said the decision was "largely due to a challenging business model and the difficult economic situation" on the continent. GM has continued to lose money in Europe even as its performance elsewhere improves.
The solar panel installer SolarCity is beginning to address one of solar power's big drawbacks: The sun doesn't always shine. The solution: big battery packs that will provide backup power while lowering electric bills. The supplier: electric car maker Tesla Motors, whose CEO Elon Musk is also the chairman of SolarCity.
Activist investor Carl Icahn is seeking the support of Apple shareholders as he tries to pressure the iPhone maker into spending more of its cash to buy back the company's stock.
BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.