TOKYO, Jan. 19 (Kyodo) — Olympus Corp. plans to revive its once popular OM camera brand for its new digital mirrorless interchangeable lens camera this spring, industry sources said Thursday. The company is hoping that the new product will come to symbolize its recovery from the recent scandal involving its coverup of investment losses, they said.
DETROIT (AP) — General Motors CEO Dan Akerson has agreed to testify before a U.S. House subcommittee about battery fires in Chevrolet Volt electric cars. Company spokesman Greg Martin says Akerson will speak to a subcommittee of the House Oversight and Government Reform Committee on Jan.
PARIS (AP) — Airbus found new cracks on metal brackets inside the wings of two A380 superjumbo jets after inspections launched following the 2010 incident in which a Qantas A380's engine disintegrated in flight, the company said Thursday. The cracks were found "on a limited number of non-critical brackets inside the wings of some A380s," Airbus said in a statement.
ROCHESTER, N.Y. (AP) — Kodak's moment has come and gone. The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Then came a stunning reversal of fortune: cutthroat competition from Japanese firms in the 1980s and a seismic shift to the digital technology it pioneered but couldn't capitalize on.
DEARBORN, Mich. (AP) — Ford Motor Co. is showing confidence in its turnaround and the U.S. economy by giving pay raises and bonuses to 20,000 white-collar workers mainly in the U.S. and Canada. Workers got letters from President of the Americas Mark Fields last week saying they'll get 2.
PORTLAND, Ore. (AP) — Pressure on beverage makers is intensifying because of the tough economy in Europe and the dollar's increasing strength against the euro, Citi analyst Wendy Nicholson said Wednesday. THE OPINION: Consumers in Europe are likely to continue to keep sales at a sluggish pace for beverage makers, Nicholson wrote in a research note.
NEW YORK (AP) — Japanese drugmaker Takeda Pharmaceutical Co., which recently bought Swiss drugmaker Nycomed, says it will cut 2,800 jobs, or about 9 percent of its workforce, over the next five years. Takeda says it will cut 2,100 jobs in Europe and 700 in the U.S., and it also plans to combine or eliminate some subsidiaries, mostly in Europe.
MOSCOW (AP) — Russia will not abide by its World Trade Organization commitments with the U.S. unless Washington scraps a trade law that dates back to the Cold War, the foreign minister said Wednesday. The Jackson-Vanik law, which was passed in 1974 and denies Russia normal trade relations status, has been a political sticking point in the countries' trade relations for years.
A more powerful and more fuel efficient engine as well as new styling helped boost sales of the three-door Scion tC by 47 percent last year from the year-earlier period. The long-established sales leader of Toyota's youthful Scion brand also received five out of five stars in its overall crash test rating by the federal government.
KANSAS CITY, Kan. (AP) — Google's plans to launch a super-speed Internet project in Kansas City, Kan., have hit a snag because of questions about where and how to hang its wires and what fees or installation costs may be required. Google announced nine months ago that it hoped to begin service on its gigabit-per-second Internet connections to Kansas City, Kan.
PARIS (AP) — Airbus says it's raising prices by an average of 6.1 percent on its A320neo family of short- and medium-haul single aisle jets that airlines ordered in record numbers last year. The A320neo lists for €96.7 million each but airlines negotiate discounts for bulk orders.
SAN JOSE, Calif. (AP) — The company that began advertising for an incredibly lifelike Steve Jobs doll won't sell the figurines after all because of pressure from family and Apple lawyers. In Icons had planned to offer the 1-foot-tall, lifelike figure dressed in Jobs' trademark black mock turtleneck, rimless glasses and jeans.
BETHESDA, Md., (AP) — Defense contractor Lockheed Martin Corp. said Tuesday it acquired Procerus Technologies, which makes autopilot systems and other electronic systems used in very small unmanned aircraft. The companies did not disclose terms of the purchase, but Lockheed Martin said they "are not material" to its results.
WASHINGTON (AP) — U.S. factory output surged in December by the most in year. Stronger demand for business equipment, vehicles and energy offered the most visible evidence that manufacturing has roared back from the depths of the recession. The Federal Reserve said Wednesday that manufacturing increased 0.
AMSTERDAM (AP) — Swedish Automobile NV, the parent company of Dutch luxury car maker Spyker and the now-bankrupt Saab Automobile, says it will push on with the sale of the Spyker brand and issue new shares in a bid for survival, in spite of an exodus of its supervisory board. The company, known as "Swan", said Wednesday that it was in negotiations to sell Spyker.
MEMPHIS, Tenn. (AP) — Electrolux is committed to awarding contracts to local companies and firms owned by minorities and women for construction of its $266 million kitchen appliances manufacturing plant in Memphis, officials said Tuesday. Electrolux detailed the steps it is taking to give contracts for the construction project during a Tuesday morning news conference attended by the mayors of Memphis and surrounding Shelby County.
PRINCETON, Ind. (AP) — Workers at a Toyota Motor Corp. plant in southwestern Indiana are celebrating the plant's production of its 3 millionth vehicle. The Evansville Courier & Press reports (http://bit.ly/wI9gXY ) that workers marked the production milestone Tuesday by taking the silver Sienna minivan off the plant's assembly line for a media event.
MOSCOW (AP) — Russian space experts will look into the possibility that a U.S. radar station may have inadvertently interfered with the failed Mars moon probe that later plummeted to Earth, Russian media reported Tuesday. The state news agency RIA Novosti quoted Yury Koptev, former head of the Russian space agency Roscosmos, as saying investigators will conduct tests to check if a U.
LITTLE ROCK, Ark. (AP) — A Chicago snack food supplier has completed acquisition of an Arkansas ice cream maker and plans to make its products available to retailers across the state. In a statement released Monday, Schulze & Burch Biscuit Co. said its management will meet with retailers to present the Yarnell's Ice Cream Co.
CANTON TOWNSHIP, Mich. (AP) — A Minnesota electronics company plans to manufacture flat-screen televisions at a plant in suburban Detroit under a partnership with a Michigan-based business. Element Electronics plans to hire about 100 workers at the plant in Wayne County's Canton Township under the agreement with Lotus International Co.