Copper prices are falling on more signs of a manufacturing slowdown in China and Europe. Copper for September delivery fell 5.25 cents to settle at $4.3835 a pound, its second day of losses. Other commodities were mixed as investors monitored debt negotiations in Europe and the United States.
CHAMPAIGN, Ill. (AP) — Illinois' unemployment rate edged up again in June, but the experts say that likely means something you already knew: The economic recovery isn't going nearly as fast as the state needs it to. Statewide unemployment rose to 9.2 percent in June, up from 8.
COLUMBUS, Ohio (AP) — Ohio voters will get to decide in November whether to repeal the state's new collective bargaining law, which would let public worker unions negotiate wages but not health care, sick time or pension benefits. The state's elections chief said Thursday that opponents had gathered enough valid signatures to put the question before voters.
HOUSTON (AP) — How America gets people and stuff into orbit is about to be outsourced in an out-of-this-world way. With the space shuttle's retirement Thursday, no longer will flying people and cargo up to the International Space Station be a government program where costs balloon.
LOUISVILLE, Ky. (AP) — A worker at a Louisville plant has been injured in a chemical spill. Lake Dreamland Fire Department Chief John Wilkinson says three employees came in contact with toluene at the American Synthetic Rubber Company and one was taken to the hospital because it got into his eye.
LANSING, Mich. (AP) — Michigan's unemployment rate rose again in June, this time to 10.5 percent, its highest rate since January. The seasonally adjusted figures released Wednesday by the Department of Technology, Management and Budget show an increase of 0.2 percentage points since May.
CHARLESTON, S.C. (AP) — South Carolina U.S. Rep. Tim Scott has introduced legislation in Congress to prevent the National Labor Relations Board from closing down plants or ordering companies to transfer employment. Scott's measure comes in light of the NLRB suit against Boeing, which last month opened its $750 million assembly plant in North Charleston.
LITTLE ROCK, Ark. (AP) — A former worker is seeking class status for a lawsuit against Yarnell's Ice Cream, claiming the Searcy company didn't give workers the required 60-day notice that the plant would close. The family-owned company, in business for more than 75 years, abruptly closed its doors on June 30, saying it couldn't get financing to continue operating.
Caterpillar's second-quarter profit grew 44 percent and with strong demand for its heavy equipment, the company bumped up its outlook for the entire year Friday. But profits fell just shy of Wall Street estimates and shares tumbled 6 percent in premarket trading. The Peoria, Illinois, company said it generated $1.
WASHINGTON (AP) — The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government's 98,000 shares.
KINSTON, N.C. (AP) — A company that manufactures large aircraft sections is expanding production at its North Carolina factory, adding work that could mean up to 200 additional jobs within five years. Spirit AeroSystems Inc. said Wednesday that it will move wing production for Gulfstream trans-continental business jets from its Tulsa, Okla.
DECATUR, Ala. (AP) — An international company that makes high performance plastic films has decided to open a new $185 million manufacturing plant in Decatur. Alabama Gov. Robert Bentley and Polyplex Corp. chairman Sanjiv Saraf announced Wednesday in Decatur that the new plant would create 150 new jobs.
COLUMBIA, S.C. (AP) — Bridgestone on Wednesday announced plans to expand its tire plant in Aiken County and add 122 jobs by 2013. Bridgestone Americas, Inc. plans to invest $135 million in a 266,000-square-foot expansion at its Graniteville plant off Interstate 20, according to a news release from Gov.
To keep one of its biggest customers, Boeing just promised American Airlines a plane it wasn't sure it wanted to build. The plane doesn't even have a name yet. Boeing, a massive company that typically plans years in advance for airplanes it will build for decades, made a lightning-fast turnaround.
BARTONVILLE, Ill. (AP) — Authorities in central Illinois are trying to figure out what caused the death of an employee at Keystone Steel & Wire Co. Peoria County Coroner Johnna Ingersoll says 40-year-old John DeCanter of Manito was found unresponsive in the plant's shower room Wednesday.
WASHINGTON (AP) — More people applied for unemployment benefits last week, evidence that layoffs are rising and the job market is weak. Applications for unemployment benefits rose by 10,000 to a seasonally adjusted 418,000, the Labor Department said Thursday. The four-week average, a less volatile measure, dipped to 421,250.
WICHITA, Kan. (AP) — A union at aircraft parts maker Spirit AeroSystems is recommending that workers reject the company's contract offer. Leaders of the Society of Professional Engineering Employees in Aerospace recommended Tuesday that members reject the 10-year contract proposal. The contract covers about 2,300 technical and professional employees at Spirit.
SIOUX FALLS, S.D. (AP) — Two more businesses in southeast South Dakota are expanding and adding jobs. Adams Thermal Systems plans a $6 million expansion in Canton that will add 50 jobs and make room for even more growth in the future. The company makes engine cooling systems for vehicles.
WARSAW, Ind. (AP) — A company that provides finish coatings for automotive wheels plans to expand its operations in northern Indiana and hire dozens of more workers. Winona PVD Coatings announced Wednesday that it would spend about $9 million on new equipment for its Warsaw plant, where it now has about 35 workers.
JACKSON, Miss. (AP) — Mississippi Gov. Haley Barbour says he's spending several days in California "chasing jobs" and calling on companies that have investments in his home state. Barbour told The Associated Press in a phone interview Tuesday from California that he had already visited executives from KiOR, which is building refineries in Mississippi to convert timber products to a crude oil substitute.