NEW YORK (AP) — A new executive is taking the helm at American Airlines parent AMR Corp. as the nation's third-largest carrier heads into Chapter 11 bankruptcy protection. Thomas W. Horton, who first started at the Fort Worth, Texas, company 26 years ago, will now lead the company through court reorganization.
SAN FRANCISCO (AP) — Diamond Foods Inc., which is in the midst of an internal accounting probe and facing several related lawsuits, says it expects more suits will be filed against the company in the future. The company, based in San Francisco, is looking into allegations of improper accounting for crop payments to walnut growers.
NEW YORK (AP) — Americans' confidence in the economy in November bounced back to its highest level since July, the latest sign that consumers are beginning to feel more cheerful about spending during the holiday shopping season. The Conference Board, a private research firm, says Tuesday that its Consumer Confidence Index rose 15 points to 56.
FINDLAY, Ohio (AP) — Workers at a northern Ohio tire factory who are locked out after voting down a new contract say they will meet with company negotiators. Cooper Tire & Rubber Co. locked out about 1,000 workers Monday at its plant in Findlay, a day after union members voted down a tentative three-year agreement.
RALEIGH, N.C. (AP) — A North Carolina economic development panel has approved an incentives deal worth more than $22 million to bring the global headquarters of banana giant Chiquita Brands International from Cincinnati to Charlotte. The state Economic Investment Committee voted Tuesday to approve the deal, which includes more than $20 million in state incentives and more than $2 million from local government to bring at least 375 high-paying jobs to North Carolina by 2014.
TOKYO (AP) -- Toyota began taking orders Tuesday for the plug-in version of its hit Prius hybrid, announcing efficient mileage and a relatively affordable starting price of 3.2 million yen ($41,000), which comes down with green vehicle subsidies. Toyota is targeting Prius Plug-in sales of 35,000 to 40,000 a year in Japan, and 60,000 globally.
NEW YORK, Nov. 29 (Kyodo) — American Airlines' parent AMR Corp. and some of its subsidiaries including American Airlines filed for Chapter 11 reorganization in a bankruptcy court in New York on Tuesday. The U.S. airline, which partners Japan Airlines, said it expects to continue normal flight operations.
ROCHESTER, N.Y. (AP) — It's the end of the line for Steuben Glass, an American icon of handcrafted crystal for over a century. The company's lone factory in Corning in western New York shuts down Tuesday, ending a high-end glassmaking tradition dating back to 1903. Most of the 60 workers are being axed.
MAPLE GROVE, Minn. (AP) — A Minnesota cooperative recently spent $437 million to build a coal-burning power plant in North Dakota. Now it plans to shut it down. Great River Energy, of Maple Grove, says a combination of factors caused it to reconsider running the plant, about 85 miles west of Fargo, N.
OMAHA, Neb. (AP) — ConAgra Foods Inc. is paying $10 million to become the majority owner of Indian food company Agro Tech Foods Ltd. as ConAgra looks to broaden its international presence. ConAgra, whose brands include Banquet, Chef Boyardee, Hunt's and Peter Pan, said Tuesday that it made the payment to an unnamed third party to boost its ownership stake in Agro to more than 50 percent.
NEWCOMERSTOWN, Ohio (AP) — Fire investigators say an eastern Ohio insulation factory where nearly 100 people worked is a total loss. The fire that started Sunday night collapsed the roof and destroyed the manufacturing plant at Janesville Acoustics in Newcomerstown, about 85 miles south of Cleveland.
TOKYO, Nov. 24 (Kyodo) — Nissan Motor Co. will recall about 56,000 vehicles of two models for possible fuel leakage and faulty tail lamps, according to its report submitted Thursday to the transport ministry. The two are the Dualis and X-Trail sport utility models produced between April 2007 and October 2010.
NOVATO, Calif. (AP) — BioMarin Pharmaceutical Inc. said Monday the Food and Drug Administration approved the expansion of a manufacturing facility where the company makes several of its drugs and a key experimental drug. The company said the manufacturing facility in Novato now has the capacity to produce $1 billion in products, twice its previous capacity.
MONROE, La. (AP) — A box plant started seven years ago with 40 employees, one contract and a $500,000 state grant has just completed a $4.5 million upgrade, with a new machine that can make up to 350 boxes a minute. That's double the speed of the original box press, which is still in use at Louisiana Corrugated Products LLC, operating partner Kingsley McCrocklin told The News-Star (http://tnsne.
SAO PAULO (AP) — Some of Latin America's top-selling cars pose high risks of life-threatening injuries and are two decades behind the best safety standards in Europe and North America, a safety assessment agency said Thursday. Tests show cars produced by four automakers in Brazil, Argentina and Mexico are unsafe to drive, the Uruguay-based Latin New Car Assessment Program said in a report released in Sao Paulo.
MONROE, La. (AP) — Start-up auto maker Next Autoworks Co. withdrew its application Wednesday for more than $320 million in federal loans to fund a plant in Ouachita Parish, ending a project more than two years in development. A company statement said the U.S. Department of Energy notified Next Autoworks on Tuesday that its loan application with the agency's Advanced Technology Vehicle Manufacturing program would not be approved.
DETROIT (AP) — General Motors says it will offer free loaner cars to Chevrolet Volt owners if they're concerned about the cars catching fire. The move comes after last week's announcement that the government is investigating fires involving the Volt's lithium-ion batteries. The company says it will contact the owners to reassure them that the cars are safe.
TOKYO (AP) — Toyota's president unveiled a futuristic concept car resembling a giant smartphone to demonstrate how Japan's top automaker is trying to take the lead in technology at the upcoming Tokyo auto show. Toyota Motor Corp. will also be showing an electric vehicle, set for launch next year, and a tiny version of the hit Prius gas-electric hybrid at the Tokyo Motor Show, which opens to the public this weekend.
Deere & Co. says strong sales of its farm equipment helped boost its fourth-quarter profit by 46 percent and says it expects robust demand will lead to further growth next year. The quarterly results beat Wall Street expectations, and Deere shares rose more than 3 percent in afternoon trading.
COLUMBUS, Ohio (AP) — Ben Noland served in the U.S. Marine Corps for eight years, then spent 18 months looking for a job. "I've probably put my resume in to 300 places in the past year," the 33-year-old Kenton resident said. "The farthest I've ever got was a phone interview." Noland finally landed a job installing solar panels at Tipping Point Renewable Energy, a Columbus-based solar power company that is hiring only military veterans for its installation crews at a time when unemployment among former service members is outpacing that of civilians.