NEW LONDON, Conn. (AP) — After drug giant Pfizer Inc. ( NYSE:PFE ) announced that it was opening a new research center here, city officials aggressively moved to acquire surrounding land for an economic development project — triggering an epic fight over eminent domain that reached the U.
CHICAGO (AP) — They're antsy and edgy, tired of waiting for promotion opportunities at work as their elders put off retirement. A good number of them are just waiting for the economy to pick up so they can hop to the next job, find something more fulfilling and get what they think they deserve.
BOSTON (AP) — In June, lithium-ion battery maker Boston-Power Inc. unveiled plans for a new manufacturing plant in Auburn that it said would employ 600 workers — a big gain in the state's drive for green jobs. Five months later, the Westborough-based company has scrapped its plans and is scoping out sites in China and other parts of Asia.
NEW YORK (AP) — General Electric's ( NYSE:GE ) aviation unit is teaming with Aviation Industry Corp. of China to develop and market electronic systems for commercial aircraft customers, including the C919 narrow-body aircraft that China hopes will compete with jets made by industry giants Boeing ( NYSE:BA ) and Airbus.
DETROIT (AP) — General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. The company also says it will begin repaying $6.
WASHINGTON (AP) — The Food and Drug Administration is challenging makers of alcohol-infused energy drinks to prove their beverages are safe, citing complaints that the products can cause dangerous behavior and injury. The FDA issued a letter to 30 beverage manufacturers, saying they have 30 days to show evidence that the combination of caffeine and alcohol is safe.
CLARKSVILLE, Tenn. (AP) — Hemlock Semiconductor Corp. and Tennessee officials on Thursday broke ground on a $1.2 billion plant and renamed the road leading to the sprawling facility "Solar Way." The plant will produce polysilicon, a raw material used to make solar cells and semiconductor devices.
BEIJING (AP) — Chinese authorities have rejected $28 billion worth of steel and other proposed industrial projects as they try to curb chaotic overinvestment the government worries could lead to economic trouble, officials said Friday. Business groups and economists have warned that Beijing's huge stimulus might fuel a dangerous boom and bust.
NEW YORK (AP) — Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression. "The financial panic is behind us," said famed investor Warren Buffett, who recently made what he called an "all-in wager" on the U.
EVERETT, Wash. (AP) — Boeing Co. ( NYSE:BA ) said Thursday it has finished fixing structural flaws in the first of its long-delayed 787 jetliners. The problem forced the company to postpone test flying the jet for a fifth time earlier this year. The Chicago-based airplane maker said the repair within the joint where the wings attach to the plane's fuselage is "a significant step" toward the first test flight of the aircraft, which has been delayed due to a series of production glitches and a two-month labor strike late last year.
DEARBORN, Mich.— As employers across the country continue to shed hundreds of thousands of jobs, many manufacturers are facing an ironic dilemma. As they eliminate positions—mainly repetitive, assembly type jobs—they still have unfilled job openings for high-skilled workers. According to a recent survey conducted by Deloitte, The Manufacturing Institute and Oracle, “almost one-third of responding companies report some level of shortages today.
OSHKOSH, Wis. (AP) — Defense Secretary Robert Gates commended workers at Oshkosh Corp. ( NYSE:OSK ), telling them Thursday that the military trucks they produce that are being used in Afghanistan are saving soldiers' lives. The newest trucks, designed to be agile enough to maneuver through the nation's rugged terrain yet strong enough to withstand the blasts of roadside bombs, began landing in Afghanistan last month.
WASHINGTON /PRNewswire-USNewswire/ — Reporters and the public are invited to attend the 2009 Astronaut Glove Challenge on Nov. 19 at the Astronaut Hall of Fame in Titusville, Fla., near NASA's Kennedy Space Center. The $400,000 prize challenge is a nationwide competition that focuses on developing improved pressure suit gloves for astronauts to use while working in the vacuum of space.
NEW YORK (AP) — German toy maker Steiff has settled an $80 million lawsuit filed in June accusing the company's CEO of conducting a yearslong campaign of unwelcome advances toward a U.S. marketing executive and raping her, a lawyer for the company said Wednesday. When the lawsuit was filed by Steiff marketing executive Jane Collins in June, CEO Martin Frenchen said the allegations were meritless.
PALO ALTO, Calif. (AP) — Hewlett-Packard Co. said Wednesday it has agreed to buy networking software and equipment maker 3Com Corp. in a deal the companies valued at $2.7 billion. HP also issued a preliminary report Wednesday for the three months that ended in October. On an adjusted basis, HP said it earned $1.
WEST CHESTER, Ohio /PRNewswire-FirstCall/ — AK Steel's ( NYSE: AKS ) Coshocton, Ohio Works has received "Wildlife at Work" certification from the Wildlife Habitat Council (WHC), a leading nonprofit organization dedicated to restoring and enhancing wildlife habitat. The certification recognizes the company for its ongoing environmental restoration efforts at the plant.
ORLANDO, Fla. — The Lockheed Martin (NYSE: LMT ) Joint Air-to-Surface Standoff Missile-Extended Range (JASSM-ER) successfully completed its sixth flight demonstration in a recent test at White Sands Missile Range, NM. The JASSM-ER program is now six for six flight test successes. "JASSM-ER's test successes are a result of a dedicated team effort," said Col.
Ford Motor Company (NYSE: F ), working with academic researchers and one of its suppliers, is the first automaker to develop and use environmentally friendly wheat straw-reinforced plastic in a vehicle. The first application of the natural fiber-based plastic that contains 20 percent wheat straw bio-filler is on the 2010 Ford Flex's third-row interior storage bins.
OSHKOSH, Wis. (AP) — Oshkosh Corp. ( NYSE:OSK ) said Wednesday the U.S. Army ordered another 1,000 all-terrain vehicles that feature mine resistant ambush protection, an order worth $438 million. The order from the Army Tank-automotive and Armaments Command Life Cycle Management Command is the fifth such award Oshkosh has received to supply the so-called M-ATVs, which seat four passengers plus one gunner and weigh 25,000 pounds.
BELVIDERE, Ill. (AP) — Chrysler Group LLC has announced a temporary second shift will start Nov. 17 in a move to boost production of the Dodge Caliber by 10,000 units by the end of the year. Initial plans by Chrysler was to add the shift in October. The company postponed the move because of supplier shortages.