General Electric Co. said Monday it will study the possibility of expanding dredging in a contaminated portion of the upper Hudson River after a request by New York state Comptroller Thomas DiNapoli. GE, which released poly-chlorinated biphenyls, or PCBs, into the river decades ago, is preparing to begin a fourth season of dredging as part of a federal Superfund project that is expected to cost more than $1 billion.
Corning Inc., which makes glass used in tablets, TVs and other devices, will pay $5.65 million to settle claims that it knowingly made false statements to the government for laboratory research products, the Justice Department said Friday. The charges stem from a 2005 contract with federal agencies for laboratory research products through Corning's Life Sciences division.
Solar panel maker Suntech Power Holdings Co. has been given some breathing room to make note payments to certain bondholders after signing a forbearance agreement with them. If Suntech is unable to make payments due on the convertible notes on March 15, the bondholders have agreed not to exercise their rights under the notes until May 15.
A Dutch airliner is flying from New York to Amsterdam on a fuel mix that includes leftover oil from frying Louisiana's Cajun food. The KLM flights from Kennedy Airport are powered by a combination of 25 percent recycled cooking oil and 75 percent jet fuel.
The Illinois Environmental Protection Agency wants to stop a northern Illinois business from restarting operations following explosions and a fire that injured workers. IEPA Director John Kim has asked the Illinois Attorney General's Office to seek a court order preventing FVMS Inc. in Cary from reopening.
Mitsubishi Heavy Industries Ltd. and a local utility firm in California were aware of a design flaw in Mitsubishi-made steam generators for a California nuclear reactor before a radiation leak in January 2012, according to a document recently released by the U.S. nuclear regulator.
Taking its first concrete step to streamline outdated restrictions on military exports, the U.S. moved to make it easier for American companies to sell aircraft equipment and parts to overseas customers. The goal is to simplify the export process for U.S. manufacturers competing in the global market by treating non-sensitive products differently than things like jet fighters and missile launchers.
China's auto sales accelerated in the first two months of this year, rising 19.5 percent over the same period of 2012 in a possible positive sign for an economic recovery. Automakers sold 2.8 million cars in January and February, the China Association of Automobile Manufacturers reported Monday. Total sales, including trucks and buses, rose 14.7 percent to 3.4 million vehicles.
Canadian Solar said Monday that its fiscal fourth-quarter loss widened versus a year ago as solar module shipments dropped and operating expenses increased. Its shares fell more than 3 percent in premarket trading. The Canadian solar power company lost $105 million, or $2.43 per share, for the three months ended Dec. 31. That compares with a loss of $59.9 million, or $1.39 per share, a year ago.
Okuma America Corporation, a world leader in CNC machine tool manufacturing, will support the Juvenile Diabetes Research Foundation (JDRF) through corporate fundraising initiatives in 2013. The commitment to JDRF, now in its second consecutive year, is part of Okuma’s Community Involvement program, which mobilizes company and employee resources to improve quality of life for fellow citizens.
A Sterne Agee analyst said auto sales have been strongly tied to the unemployment rate for years, and that makes February's drop in the jobless rate to 7.7 percent good news for automakers. Michael Ward said the unemployment rate has been an indicator of vehicle demand for the past 30 years, and the trend continues to hold up now.
Remington Arms has been awarded a nearly $80 million contract from the Pentagon to produce sniper rifles at the company's Mohawk Valley plant, a congressman said. U.S. Rep. Richard Hanna, whose 22nd Congressional District includes the plant in Ilion in Herkimer County, said the contract calls for Remington to make more than 5,000 sniper rifles and millions of rounds over 10 years for the U.S. Special Operations Command.
The National Transportation Safety Board on Thursday released 547 pages of reports and supporting materials about its investigation of the Jan. 7 fire. The documents show firefighters struggling to tame a small but worrisome fire that has left investigators relieved that it happened after a flight and not during one.
China's exports surged more than expected in February in a possible sign of stronger global demand. Exports leaped 21.8 percent, well ahead of analysts' expectations of single-digit growth as companies shut down for the Lunar New Year holiday, data showed Friday.
Airplane maker Beechcraft said Friday it will formally protest an Air Force decision to award a competitor a contract worth more than $427 million, claiming the decision puts an estimated 1,400 jobs in Kansas and other states in jeopardy.
A U.S. safety agency has ended an investigation into complaints of unintended acceleration in three Ford vehicles. The probe covered about 169,000 Ford Five Hundred and Mercury Montego sedans, and Ford Freestyle wagons from the 2005 through 2007 model years.
Industrial pump maker Gardner Denver said Friday that it has agreed to sell itself to Kohlberg Kravis Roberts & Co. for about $3.73 billion. Under the terms of the agreement, the New York-based private equity firm will acquire the Wayne, Pa.-based company for $76 per share.
After four tumultuous years bookended by an unprecedented recall crisis and a return to the top of the global auto industry, Akio Toyoda is refashioning Toyota Motor Corp. into a leaner company that's more imbued with the venture spirit of founder Kiichiro Toyoda, his grandfather.
At least 10 people were injured, including two critically, in an explosion Thursday at a steel castings plant in southwestern Illinois, officials said. The blast happened shortly after 8 a.m. in the cleaning-and-finishing department at the American Steel Foundries plant in Granite City, just northeast of St. Louis.
Italy's labor minister is criticizing a decision by the Bridgestone tire company to close a plant in southern Italy as "serious and without reason." Corrado Passera protested in a letter to the Japanese company, released by the labor ministry Thursday, that the company had failed to work with authorities to find another solution.