DES MOINES, Iowa (AP) — Most of the companies that either suspended or reduced their 401(k) matches during the economic downturn have reinstated them, business consultant Towers Watson said in a study released Wednesday. An analysis of 260 mid- to large-sized companies shows that 75 percent of those that took the step to cut costs have restored their match.
NEW YORK, Nov. 1 (Kyodo) — New car sales in the United States in October increased 7.5 percent from a year earlier, but Toyota Motor Corp.'s sales continued to suffer in the aftermath of the March disaster, according to data released Tuesday by a U.S. research firm. Toyota saw its sales fall 7.
NEW YORK (AP) — A fire over the summer at a New York City sewage treatment plant may have been caused by a loose nut. The New York City Department of Environmental Protection released its findings in report on Tuesday. The report says the cause of the four-alarm fire at the North River Wastewater Treatment Plant in Harlem cannot be determined with certainty, but says a nut connected to a fuel injector had been tightened improperly.
BRUSSELS (AP) — It was the end of a long-haul passenger flight from Newark, New Jersey, and the Polish LOT Airlines Boeing 767 was about to land in Warsaw. But the pilots had a problem: The plane's hydraulic system had failed a half-hour into the flight. Now the landing gear would not deploy.
SHANGHAI (AP) — Lenovo Group, one of the world's leading personal computer manufacturers, reported Wednesday that its profit in the first half of the year nearly doubled on strong emerging market sales. Net profit for the half-year period was $252 million, or 2.52 U.S. cents per share, up 92 percent from $131 million a year earlier.
FARGO, N.D. (AP) — A Canadian company has agreed to pay a $6,000 fine and change procedures after the death of a worker in Fargo's industrial park. Authorities say 49-year-old Noren Ellingson suffered a brain injury when a nearly two-ton metal bin fell on him at Buhler Industries on Aug.
SEYMOUR, Ind. (AP) — Cummins Inc. has revealed what it calls the world's most powerful high-speed diesel engine that will be built at one of its southern Indiana factories. Cummins executives showed off the 16-cylinder, 4,000-horsepower QSK95 engine during a ceremony Tuesday at the company's Seymour Engine Plant.
DOVER, Delaware (AP) — New court documents show the founder and former CEO of solar panel maker Solyndra Inc. negotiated a severance package worth almost half a million dollars. Documents the company filed in bankruptcy court in Delaware also show the executive, Chris Gronet, was terminated July 1, almost two months before Solyndra announced he was leaving.
WARSAW, Poland (AP) — A team of Boeing experts from the United States are expected in Poland on Wednesday to help authorities with removing from a runway a jetliner that landed on its belly after its landing gear failed to open, officials said. Heavy fog, meanwhile, grounded planes at several Polish airports even as Warsaw's international airport remained closed following a dramatic emergency landing on Tuesday of a Boeing airliner from the U.
FARGO, N.D. (AP) — Locked-out union workers at American Crystal Sugar Co. have rejected the latest contract offer from the company. Union officials announced Tuesday that 92 percent of union members participated in the secret ballot, and 90 percent voted against the proposal. Union spokesman John Riskey said in a statement that employees want to work, but will not accept a contract that "puts our jobs and the entire community at risk.
NAMPA, Idaho (AP) — The Amalgamated Sugar Co. sugar beet processing plant in Nampa has reached an agreement to cut its nitrogen oxide output to help reduce air pollution in the region around the plant. The sugar maker has a preliminary agreement with the Idaho Department of Environmental Quality to spent $8 million to install nitrogen-oxide burners on three coal and natural gas boilers.
PITTSBURGH (AP) — RTI International Metals Inc., which makes and supplies titanium mill products, said Tuesday that it swung to a third-quarter profit as revenue spiked 40 percent higher. The company, based in Pittsburgh, said demand for titanium remains strong as production increases announced at aircraft makers Boeing and Airbus offset weakness in the defense industry.
DETROIT (AP) — The former chief executive of auto-parts maker Delphi has been ordered to pay $215,000 for misrepresenting a financial transaction with General Motors back in 2000. The decision Monday by Detroit federal Judge Avern Cohn comes months after a jury said J.T. Battenberg III was liable for bookkeeping errors and misrepresentations to accountants.
NEW YORK (AP) — The first two phones to run on AT&T's new high-speed data network will go on sale Sunday. The phones are the HTC Vivid and the Samsung Galaxy S II Skyrocket. Both are big touchscreen smartphones that run Google Inc.'s Android software. They'll cost $200 and $250 respectively, with a two-year service contract requirement.
FRANKFURT, Germany (AP) — Even if Europe dodges a financial meltdown, it may not be able to avoid a recession. The deal European leaders reached last week to defuse the continent's debt crisis was thrown into turmoil Tuesday by the Greek prime minister's surprise move to call a referendum on Greece's latest rescue package.
DETROIT (AP) — Car buyers were out in force in October, snapping up trucks and SUVs and taking advantage of deals on Japanese cars. U.S. car and truck sales were expected to top 1 million in October, a surprising number for a month when sales are usually slow. When adjusted for seasonal factors, that would be the best pace since the Cash for Clunkers program in August 2009.
COLUMBIA, S.C. (AP) — South Carolina officials say a new cultivated diamond facility in Greenville County is expected to create 70 jobs. Gov. Nikki Haley said Monday that Scio (SIGH'-oh) Diamond Technology Corp.'s decision to establish its corporate headquarters and manufacturing operations in South Carolina shows the state's competitiveness as a place for businesses to locate.
OKLAHOMA CITY (AP) — Amtrak officials say they have no beef with using cattle-based biodiesel to power their Heartland Flyer train. The railroad said Monday that a mix of beef tallow and diesel fuel effectively powered the passenger train's 3,200-horsepower engine. Following a yearlong test on the rails between Oklahoma City and Fort Worth, Texas, an evaluation found that the fuel blend met industry standards, engine wear was limited and emissions were below federal limits for the type of engine using it.
SHANGHAI (AP) — China's high-flying economy is starting to lose altitude. The big question is whether the world's economic superstar will shrink gradually — or so fast that it harms a fragile global economy. China's comedown is being engineered by its policymakers. They want to slow expansion just enough to cool inflation without sapping job growth.
NEW YORK (AP) — Metals prices started the week lower as investors sold contracts to reap gains from this months' rally. Gold and silver fell Monday, as did industrial metals like copper and palladium. The price of copper shot up 15 percent last week and gold jumped nearly 7 percent.