LORDSTOWN, Ohio (AP) — The northeast Ohio GM plant that makes the Chevrolet Cruze compact car is scheduled to resume production after what the automaker says was a supplier issue. General Motors Co. halted work on Dec. 12 at the complex in Lordstown, near Youngstown. The Detroit-based automaker said Saturday that the supplier part issue was resolved and its third-shift workers are to report to work at their normal times Sunday night.
COOS BAY, Ore. (AP) — A Coos Bay company and its owner accused of defrauding the U.S. government by supplying defective and counterfeit aircraft parts have been indicted on fraud and money laundering charges. A grand jury named Kustom Products Inc. owner Harold Bettencourt, several members of his family and the company itself in an indictment in U.
MEAD, Neb. (AP) — A Kansas City, Mo.-based company plans to reopen a shuttered ethanol plant in eastern Nebraska in the next few months. The former E3 Biofuels plant started in June 2007 as one of the first in the nation to use methane gas from cow manure to power ethanol production.
STOCKHOLM (AP) — Saab Automobile filed for bankruptcy on Monday, giving up a desperate struggle to stay in business after previous owner General Motors Co. blocked takeover attempts by Chinese investors. Saab CEO Victor Muller personally handed in the bankruptcy application to a court in southwestern Sweden, ending his two-year effort to revive the carmaker that over more than six decades has become known for its rounded sedans and quirky design features.
BERLIN (AP) — German industrial giant Siemens AG says it has hired the former top American commander in Afghanistan Gen. Stanley McChrystal as chairman of a new division that aims to secure more U.S. government contracts. The company said Monday that McChrystal will be board chairman of Siemens Government Technologies, Inc.
LaGRANGE, Ga. (AP) — A South Korea-based parts supplier will set up a manufacturing facility in LaGrange that will create 100 new jobs over three years. Gov. Nathan Deal on Friday said Daewon America will invest $14 million to expand an existing facility in LaGrange that would supply the nearby Kia auto plant.
PROVIDENCE, R.I. (AP) — The mayor of Providence is urging Congress not to cut funding for a jobs training program that connects unemployed workers with employers. Mayor Angel Taveras said Wednesday that proposals to slash funding for the Workforce Investment Act could undermine efforts to improve the state's economy.
WASHINGTON (AP) — Consumer prices stayed flat in November, further evidence that inflation has cooled off. Energy costs dropped for the second straight month, which offset higher prices that Americans paid for food, clothes and medical services. Milder inflation offers some relief to consumers, who were hit earlier this year with a surge in gas and food prices.
TOKYO, Dec. 17 (Kyodo) — Prosecutors plan to search the offices of Olympus Corp. by the end of next week on suspicion of falsification of financial reports in connection with the coverup of the company's massive investment losses, investigative sources said Friday. The planned search by the special investigative unit of the Tokyo District Public Prosecutors Office, likely to be conducted jointly with police and the Securities and Exchange Surveillance Commission, has been prompted by mounting allegations that the company's former executives led the accounting fraud.
BRUSSELS (AP) — The European Union's antitrust watchdog is investigating whether U.S. companies Honeywell and DuPont are colluding to restrict rivals from producing a key refrigerant for car air-conditioning systems that meets new environmental standards. The European Commission said Friday it has received complaints that the two companies entered into "development, licensing and production arrangements" that prevent rivals from also developing versions of a new refrigerant.
NEW ORLEANS (AP) — A Chinese drywall manufacturer has agreed to pay hundreds of millions of dollars to resolve court claims by thousands of Gulf Coast property owners who say the product corroded pipes and wires and otherwise wrecked their homes, the largest settlement of its kind so far.
PEORIA, Ill. (AP) — Caterpillar Inc. said it expects 2012 revenue of roughly $63.8 billion to $69.6 billion, and it reaffirmed its full-year 2011 guidance on Wednesday. The world's largest maker of construction and mining equipment said it expects a 2011 profit of about $6.75 per share on revenue of $58 billion, the same guidance it gave in October.
NEW YORK (AP) — Coca-Cola Co. announced a deal Thursday with three biotechnology companies that it says will speed its development of plastic for its bottles that will be made entirely from plants. Beverage makers are trying to use new types of bottles to cut their environmental impact and lower their costs.
RALEIGH, N.C. (AP) — A recently created steel company and its big backer Alcoa Inc. set a Thursday deadline for local and state officials to drop opposition of Alcoa renewing a multi-decade license to operate four hydroelectric dams. Alcoa officials had warned that unless their route to a new license to operate the dams was cleared by midnight Thursday, Clean Tech Silicon and Bar LLC would take its estimated 250 production and 200 support jobs somewhere other than the former Alcoa aluminum smelting plant in Stanly County that once employed about 1,000.
WASHINGTON (AP) — U.S. manufacturing output fell in November for the first time in seven months. The decline was largely because factories made fewer autos. But production of home electronics, appliances and business equipment also dropped. Economists took the industrial production report from the Federal Reserve with a little caution.
TORONTO (AP) — BlackBerry maker Research In Motion Ltd. said Thursday that new phones deemed critical to the company's future will be delayed until late 2012. Mike Lazaridis, one of the company's co-CEOs, said the BlackBerry 10 phones will need a highly integrated chipset that will not be available until mid-2012, so the company can now expect them to ship late in the year.
GENEVA (AP) — China's new import duties on U.S.-made vehicles are legal under international rules, and if the U.S. thinks otherwise it should sue, Beijing's top trade official said Thursday. Chinese Commerce Minister Chen Deming described the duties on imported automobiles with engine displacements of over 2.
STEVENSON, Ala. (AP) — The company that produces Jack Daniel's Tennessee Whiskey is breaking ground in north Alabama for a plant that will produce the wood used in its barrels. The mill operated by Brown-Forman Cooperage is located in Stevenson, which is in northeast Alabama. The mill will produce white oak stave and heading material that will be used to produce whiskey barrels.
YAKIMA, Wash. (AP) — A Boeing Co. subsidiary that designs and builds aerial drones announced plans Wednesday to expand and centralize its operations in southwest Washington. Insitu Inc. had been considering proposals from other states to move its operations, but the company said in a statement that it will build a 70,000-square-foot production facility and a 30,000-square-foot engine testing building in Bingen, Wash.
TOKYO, Dec. 15 (Kyodo) — Nissan Motor Co. is planning to build a new plant in Mexico as part of efforts to increase its presence in emerging markets, following its production upgrades in China, India and Russia, company sources said Thursday. Nissan is making final adjustments to locate the new plant near its existing plant in central Mexico, which annually makes about 600,000 units.