Daimler AG and British sports car maker Aston Martin Lagonda Ltd have signed a deal that will see the two companies develop engines together and the German company get a stake in Aston Martin.
Chanting "give us a vote" and holding signs, about three dozen people marched from Boeing Co.'s campus to the local union hall in Everett. The rally came six days after local union leaders said the company's offer was too similar to one that workers rejected last month.
Overall, confidence in the equipment finance market is 55.8, a decrease from the November index of 56.9, reflecting industry concerns over uncertainty regarding capital expenditures (capex) and competitive market pressures in 2014, among other issues.
The U.S. Department of Labor's Occupational Safety and Health Administration said that in the last 10 years the plant has had seven serious violations, and that some of the most recent violations were "willful." OSHA proposed the $147,000 fine for four violations found during its latest inspection.
Boeing asked for proposals from interested states after union workers in Washington state rejected a new contract offer. At least 22 states responded, hoping to land a plant that would employ up to 8,500 people. Illinois economic development officials sent the proposal last week.
A prominent business group is challenging government rules that require federal contractors to display posters telling workers they have a legal right to form a union. The National Association of Manufacturers filed a federal lawsuit Wednesday that asserts the Labor Department regulations violate the free speech rights of employers.
A federal jury deliberated for more than nine hours over three days before reaching the verdict on Kurt Mix's case. The count of obstruction of justice carries a maximum sentence of 20 years in prison and a $250,000 fine.
The two-year spending plan the Senate is expected to approve Wednesday all but removes the threat of another government shutdown like the one that slowed the economy in October. Among other things, the agreement will roll back some of the automatic federal spending cuts that kicked in this year.
Novelis announced it will invest an additional $205 million to further expand its global manufacturing operations serving the rapidly growing automotive market. The company will build new finishing lines at its plants in Oswego, N.Y. and Nachterstedt, Germany, dedicated to the production of aluminum automotive sheet.
Google Inc. and Hewlett-Packard Co. are recalling about 145,000 computer chargers because they can overheat and melt, creating a fire and burn hazard. Consumers should stop using this product and contact Google for a free replacement charger, the commission said.
Hewlett-Packard CEO Meg Whitman is getting a huge raise as she enters the third year of her attempt to turn around the slumping personal computer and printer maker. HP said the bigger paycheck will make Whiteman's salary comparable to what CEOs of similar-sized companies make.
Chevron Corp. failed to maintain equipment at a California refinery and has not responded adequately to multiple airborne chemical releases, the U.S. Environmental Protection Agency said Tuesday. The EPA filed a formal notice against Chevron finding 62 violations of federal environmental laws after an investigation spurred by the Aug. 6, 2012, fire.
Mercedes-Benz is opening a new section at its plant in Tuscaloosa County. About 600 contractors and service providers will work in the 900,000-square-foot building. They will be responsible for handling almost 3 million parts a day.
U.S. Senator Amy Klobuchar, Vice Chair of the U.S. Congress Joint Economic Committee, today released a new report detailing the revitalization in U.S. manufacturing, showing it has added over 500,000 jobs since February 2010 and exceeded its pre-recession peak for exports, up 38 percent since 2009.
New York Governor Cuomo last weekend announced the FuzeHub, which aims to connect small- and medium-sized manufacturers (SMEs) with state resources, such as the New York Manufacturing Extension Partnership (MEP) program, economic development agencies and more.
Retiring General Motors Co. CEO Dan Akerson says the government bailout of his company was a net gain for taxpayers — even though they lost $10.5 billion.
Jurors are scheduled to hear closing arguments Monday in Kurt Mix's trial on two counts of obstruction of justice. Mix didn't testify. It started two weeks ago. Each count carries a maximum sentence of 20 years in prison and a $250,000 fine.
U.S. consumer prices stayed flat in November, held down by falling gas prices. Inflation remains low across the broader economy, giving the Federal Reserve latitude to continue its extraordinary stimulus program.
“American chemistry is back in the game,” said Dr. Kevin Swift, ACC’s chief economist. "After a decade of lost competitiveness, American chemistry is reemerging as a growth industry. We’re seeing growing end-use markets; strengthening employment; surging exports."
Google may be gearing up to build robots that resemble props in science-fiction movies as the ambitious Internet company expands into yet another technological frontier.