Pratt & Whitney is boosting its investment in jet engines for commercial planes, spending $1.5 billion to buy out Rolls-Royce from a joint venture that makes engines for the Airbus A320. At the same time, the move by Rolls essentially has the British engine-maker sitting out the current generation of smaller commercial planes and biding its time until later in this decade when the new generation comes along.
TOKYO, Oct. 14 (Kyodo) — Toyota Motor Corp. said Friday it has decided to extend its production suspension at its three plants in Thailand through Oct. 22 due to flooding that has disrupted its supply chain. While the flooding has not had a direct impact on its plants or employees, the automaker has decided to extend the production halt as some parts suppliers are experiencing delays, it said.
TOKYO (AP) — Suzuki Motor Corp. said Friday that Volkswagen AG has committed numerous breaches of their 2009 alliance to develop green cars and wants the German automaker to return its Suzuki shares. Volkswagen owns 19.9 percent of Suzuki under a hybrid and electric car partnership inked two years ago that never got off the ground and has unraveled into a public feud.
NEW YORK (AP) — General Electric Co. will build the largest solar factory in the U.S. near Denver. The company, which had announced in April it would build the factory, said Thursday it had selected Aurora, Colo., a suburb east of Denver, as the location. GE is a leader in manufacturing natural gas turbines and wind turbines, but it had mostly stayed away from solar until it acquired PrimeStar Solar, a small panel maker, earlier this year.
Copper and platinum prices fell Thursday after the government reported that claims for unemployment benefits remained high last week. Prices of industrial metals are closely tied to economic growth. Signs of weakness in the economy, such as high levels of unemployment claims, tend to push their prices lower.
SIOUX CITY, Iowa (AP) — Wilson Trailer Co. is laying off 68 workers at its plants in Sioux City and Moberly, Mo., citing a slowdown in the national economy and bad weather in crop-producing states. The Sioux City-based company produces livestock, grain, flatbed and gooseneck trailers.
LOUISVILLE, Ky. (AP) — Louisville environmental officials say a pigment-manufacturing plant in the city's Rubbertown district will pay a record $668,000 fine over air quality violations. The city Air Pollution Control District said Wednesday that Eckart America has agreed to pay the fine plus an unspecified amount to be determined.
TORONTO — A U.S. consumer group has filed complaints against two of the largest American automakers over advertising claims that their vehicles are made in the United States, even though they're assembled in Canada. The Made in the USA Foundation says it has filed two complaints with the U.
CHICAGO (AP) — Workers at a Chicago Ford plant have overwhelmingly rejected a tentative four-year contract agreement. Grant Morton is chairman of the United Auto Workers Union local at the Torrence Avenue plant. He says 77 percent of the more than 2,300 workers voted against the contract.
ALBERTVILLE, Ala. (AP) — Along Main Street in this small Alabama town, the Mexican restaurant was closed, lights were out at a Hispanic-owned grocery store and even a bank catering to Spanish speakers was dark. Nearby, the usual hum of a chicken processing plant was silent. Businesses dependent on immigrant labor were shuttered Wednesday as workers took the day off to protest the state's strict new immigration law.
WASHINGTON (AP) — U.S. employers advertised fewer jobs in August than the previous month. Some may have pulled back on hiring plans in the face of wild stock market swings and renewed recession fears. Companies and governments posted 3.1 million job openings in August, down from 3.
RICHMOND, Va. (AP) — Furniture maker Albany Industries is planning to establish its first Virginia operation in Galax, creating 335 jobs. Gov. Bob McDonnell said Wednesday that the company will invest $2.5 million for the project. Albany Industries will revitalize a vacant property that formerly served as the B.
NAGOYA, Oct. 12 (Kyodo) — Toyota Motor Corp. said Wednesday it has decided to extend the suspension of vehicle production in Thailand through Saturday due to disruptions to its supply chain caused by devastating flooding. Regarding operations from next Monday, Japan's largest automaker said it will decide after monitoring developments.
TIPTON, Ind. (AP) — A local official says a solar panel manufacturer planning a major factory in central Indiana has kept up its commitments even as some residents worry about its future after the high-profile bankruptcy of a competitor. Abound Solar plans to start production at an unfinished factory near Tipton during 2013 and eventually employ 800 to 1,000 people with a $400 million federal loan guarantee.
CHICAGO (AP) — Boeing says it will finally deliver its new 747-8 freighter plane after resolving a contract dispute with its first customer, Cargolux, a cargo hauler based in Luxembourg. The revamped cargo plane was supposed to go to Cargolux last month. Cargolux isn't wasting time putting the plane to work.
NEW YORK (AP) — Chevrolet plans to roll out a Spark mini-car that runs entirely on electricity beginning in 2013, a move that will add to General Motors Co.'s electric car fleet. The Detroit automaker said Wednesday that the Spark EV will be sold in limited quantities in certain U.
NEW YORK (AP) — Sporadic outages of BlackBerry messaging and email service spread to the U.S. and Canada on Wednesday, as problems stretched into the third day for Europe, Asia, Latin America and Africa. Research In Motion Ltd., the Canadian company that makes the phones, said users in the Americas "may be experiencing intermittent service delays this morning," and said it's working to fix the problem.
SEOUL, South Korea (AP) — Samsung Electronics is reportedly replacing a Galaxy smartphone feature to dodge a sales ban in the Netherlands. The world's No. 2 mobile phone maker is in an intensifying patent fight with Apple Inc. over smartphones and tablet computers that spans 10 countries.
GREENSBURG, Ind. (AP) — Honda is about ready to start up a second production shift at its southeastern Indiana factory after hiring nearly 1,000 new employees. The company says it expects to begin the new shift at the Greensburg factory on Oct. 24 in a move that will double the plant's annual production to 200,000 vehicles.
SAN FRANCISCO (AP) — To some people, Apple's new iPhone 4S isn't the complete overhaul they have been hoping for. Its model number, which doesn't include a "5," reeks of the status quo. That's ridiculous. Sure, the 4S doesn't render the iPhone 4 hopelessly obsolete, and on the surface they're nearly identical.