Kodak doesn't look a whole lot like it did when it filed for bankruptcy protection last year, but its executives and investors are hoping for a picture-perfect future. Many of its products and services are gone, including the camera-making business that made it famous more than a century ago. Also gone are scores of workers, manufacturing facilities, supply contracts and millions of dollars in investments.
Global consumer products maker Unilever is planning a $152 million expansion of its margarine and spreads plant in northeast Kansas. The Kansas City Star reports the project announced Tuesday will double the size of the plant at the New Century AirCenter industrial park in Olathe.
Caterpillar Inc., which makes construction and mining equipment, said Tuesday that three of its long-time vice presidents have decided to retire in February. Caterpillar also said that it is reorganizing several of its divisions to better align with its strategy and appointed four new vice presidents to add depth to its leadership ranks.
The two-day auction will feature mostly unsold Chevrolets that have sat untouched for decades. They'll go on the block in as-is condition. About 50 have fewer than 20 miles on the odometer, and some are so rare that no one has established a price.
Nissan Motor Co. will offer a diesel engine in its reworked Titan full-size pickup truck, joining Chrysler's Ram with diesel powerplants in light-duty trucks. The Japanese automaker said Tuesday that a 300-plus horsepower, 5-Liter diesel engine made by Cummins will be available as an option on the next generation Titan.
Auto financing and banking company Ally Financial took a big step toward exiting U.S. government ownership Tuesday, announcing a deal to pay taxpayers $5.2 billion for preferred stock granted in a 2009 bailout during the financial crisis.
Federal regulators say the Amalgamated Sugar Co. has agreed to pay $7,500 for violating the Clean Water Act at its facility in Paul, Idaho. The Environmental Protection Agency announced the enforcement action Monday. EPA investigators say the company discharged stormwater without a permit last year.
Steel Fab plans to open a pressure tank manufacturing facility in Russell County that will create 50 jobs. Gov. Bob McDonnell said Tuesday that Steel Fab will invest $1.5 million in the operation, which will be located in Lebanon.
Motorola Solutions has announced the results of a research study that details shifts in the plans of warehouse professionals across several industries as they respond to new opportunities in the market and mounting pressures inside their organizations. The role of technology in warehouses has shifted from purely reducing costs and has increasingly expanded into adjacent benefits that can drive differentiation and profitable growth.
Hyundai's labor union said 46,000 workers will stage a four-hour strike over two days this week as the union increases pressure on the automaker for higher wages and benefits. Union spokesman Kwon Oh-il said Tuesday that talks with Hyundai Motor Co. management had made little progress.
A 10,000-gallon fuel oil tank exploded at an industrial park on Monday and went flying across a road, killing a worker who was welding nearby. The tank spilled 7,500 gallons of fuel and flooded a dike encircling the area, but the spill was contained, firefighters said.
The city's biggest employee union, retirees and even a few dozen residents filed objections Monday to Detroit's request for bankruptcy protection, the largest municipal filing in U.S. history and a move aimed at wiping away billions of dollars in debt.
Kawasaki Heavy Industries Ltd. will construct a new factory to produce larger fuselages for the Boeing 787 Dreamliner aircraft, its officials said Tuesday. The heavy machinery and engineering company will begin construction in 2014 on land adjacent to its existing facilities in Yatomi, Aichi Prefecture, and plans to start production as early as in 2015.
Mitsui Kinzoku Catalysts America Inc. will locate a plant in Frankfort making catalytic converters and creating 50 full-time jobs. The company expects to invest $19.5 million in the project and wants to begin operations within two years.
A transportation analyst says delays in the first test flight of Bombardier's new CSeries jet will likely push the plane's entry into commercial service into early 2015. Bombardier has delayed the inaugural flight three times. It was initially expected to fly by the end of June, then by the end of July and then delayed a "few weeks."
U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey. Executives who participated in the 2013 CFO Outlook Mid-Year Update gave the U.S. economy an average score of 58 out of 100, up from 49 in the previous survey conducted in late 2012. CFOs gave the global economy a score of 51, up from 45.
REC Silicon, with 500 workers in this Central Washington town, annually produces enough solar-grade polysilicon to power more than 2 million homes. But a global trade battle over solar panels threatens to plunge REC and its local workforce into financial crisis.
Unemployment rates rose in more than half of U.S. states in July and fewer states added jobs, echoing national data that show the job market may have lost some momentum. The Labor Department said Monday that unemployment rates increased in 28 states. They were unchanged in 14 and fell in eight states — the fewest to show a decline since January.
General Motors Co. is recalling nearly 293,000 Chevrolet Cruze compact cars in the U.S. because the power-assisted brakes can fail. The recall affects Cruzes made in Lordstown, Ohio, from the 2011 and 2012 model years that are equipped with 1.4-liter turbocharged gasoline engines and 6T-40 six-speed automatic transmissions, the company said Friday.
Jim Rodgers assumed his job as an electrician at the Paducah Gaseous Diffusion Plant would take him all the way to retirement. After all, for six decades the government-owned uranium-enrichment plant was synonymous with job security and some of the region's best wages.