DETROIT (AP) — Ford Motor Co.'s U.S. factory workers approved a new four-year labor contract Tuesday that promises profit-sharing checks and billions in U.S. plant investments but keeps the company's labor costs under control. The United Auto Worker talks are closely watched because they set the pay for 112,000 workers at the Detroit Three large automakers as well as workers at auto parts suppliers and at U.
GOSHEN, Ind. (AP) — A recreational vehicle parts supplier plans to expand its operations in northern Indiana and potentially add more than 300 workers in the coming months. Drew Industries Inc. announced Tuesday that two of its subsidiaries would increase manufacturing in Goshen and Middlebury.
SAN FRANCISCO — Just days after the worst service outage in its history, Research In Motion was expected to unveil a new generation of BlackBerrys Tuesday at a software developer's conference in San Francisco. RIM (TSX:RIM) has struggled through several major setbacks in recent months and the conference gives the Waterloo, Ont.
MILAN (AP) — The Fitch ratings agency has downgraded the credit rating of Italian automaker Fiat SpA because of risks linked to its combination with U.S. automaker Chrysler Group LLC. Fitch said Tuesday that Fiat's own operations may be disrupted by financial difficulties at Chrysler at a time when Fiat is under pressure at its standalone business.
DETROIT (AP) — General Motors Co. said Tuesday that it has sold more than 2 million cars and trucks in China for the second straight year. The company reached the milestone on Tuesday, more than two weeks earlier than it hit the 2 million mark in 2010. GM said Buick sales are up 24 percent in China this year, with Chevrolet sales rising 18 percent and Cadillac sales up 73 percent.
WASHINGTON (AP) — A surge in gas costs drove wholesale prices up in September by the most in five months. Economists cautioned that much of the increase was the result of one-time factors and said broader inflation remains modest. The Producer Price Index, which measures price changes before they reach the consumer, rose 0.
Boeing is losing a major customer for its new 787. China Eastern Airlines Corp. says it has canceled an order for 24 of the planes worth more than $3 billion at list prices. Instead, the Hong Kong-based airline will take 45 new Boeing 737s worth about the same amount. China Eastern also says it will buy 15 new Airbus A330s, worth about $2.
GREER, S.C. (AP) — Honeywell is expanding its Greenville County operations to create 30 new jobs over the next five years. Gov. Nikki Haley announced Monday that Honeywell International Inc. is investing $25 million in its Greer facility. Officials say the company will install more efficient equipment at the plant, which repairs and overhauls propulsion engines for aerospace customers.
MILWAUKEE (AP) — Harley-Davidson's third-quarter profit more than doubled as the motorcycle maker's sales rose in the U.S. and worldwide. The Milwaukee company said Tuesday that it earned $183.6 million, or 78 cents per share, up from $88.8 million, or 38 cents per share, a year earlier.
BEIJING (AP) — China's rapid economic growth eased in the latest quarter to a still-robust 9.1 percent amid government efforts to prevent overheating. Growth of the world's second-largest economy in the three months through September was down from the previous quarter's 9.5 percent and the lowest level in two years, data showed Tuesday.
TORONTO (AP) — The maker of the struggling BlackBerry tried to soothe tens of millions of frustrated customers Monday, offering more than $100 worth of free software to each one and giving some a month of technical support as compensation for last week's massive outage. But some BlackBerry users and experts cast doubt on whether the freebies from Research In Motion would be enough to keep people from abandoning the tarnished brand in favor of more popular smartphones.
TAIPEI, Taiwan (AP) — A Taiwan-based company that supplies metal casings for Apple's Inc.'s MacBook series of laptops says it is shutting down some operations at its factory complex in eastern China following complaints of bad odors by residents. Catcher Technology Chairman Hung Shui-shu told reporters late Monday that Chinese authorities had ordered the company to close down some production lines in Suzhou city for inspection.
CHARLESTON, W.Va. (AP) — A Stollings welding company is facing more than $59,000 in fines after federal investigators found more than two dozen safety violations. The U.S. Department of Labor's Occupational Safety and Health Administration announced the proposed penalties against Mollett Welding and Mine Service Inc.
MELBOURNE, Fla. (AP) — Military contractor Harris Corp. said Friday that it received a $66.3 million order from the U.S. Army to provide multiband "manpack" radios to support the modernization of battlefield communications systems. The system will allow for streaming video, collaborative chat, biometric enrollment and secure network connectivity.
MUSKOGEE, Okla. (AP) — A project to build a $30 million wind turbine manufacturing plant at the Port of Muskogee has been put on hold. Eagle Claw Fabrication president Tom Word told the Muskogee Phoenix (http://bit.ly/nqgwPY) a sluggish economy and hesitation by private investors have slowed construction.
Irish aircraft leasing company Fly Leasing Ltd. said on Monday that it closed its purchase on 49 planes for $1.4 billion, increasing its fleet to 109 aircraft. Fly bought the planes from Global Aviation Asset Management, an Australian leasing company. The planes are mostly Airbus A320s and Boeing 737s, with an average age of 7.
WATERFORD, Conn. (AP) — Robert J. Marelli Jr., owner and president of the sheet-metal fabricator Seconn, looked five years down the road and didn't like what he saw. The average age for welders nationwide had hit 55, and Marelli knew it was only a matter of time before these workers would hit retirement age, leaving a gaping hole in a business he had spent eight years building up.
AMSTERDAM (AP) — Royal Philips Electronics NV, the world's largest lighting maker, said Monday it will slash 4,500 jobs after third quarter earnings fell sharply, hurt by a strong euro, weaker margins and more losses at its television division, which it intends to sell. Net profit was euro74 million ($102 million) from euro524 million in the same period a year ago, the company said.
NEW YORK (AP) — Apple says it sold more than 4 million units of the new iPhone model in three days. It's selling more than twice as fast as the previous model did when it launched last year. Apple Inc. and its phone company partners started selling the iPhone 4S on Friday in the U.
MILWAUKEE (AP) — After rejecting two previous contract deals, the union for production workers at Oshkosh Corp. easily ratified a new five-year contract Saturday after the maker of military vehicles abandoned a provision that would have allowed it to hire temporary workers. About 77 percent of members approved the deal, said Nick Nitschke, president of the United Auto Workers Local 578.