WASHINGTON (AP) — The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don't see that changing until later this year. The Commerce Department on Friday said the economy grew at an annual rate of 1.9 percent in the January-March quarter.
FORT SMITH, Ark. (AP) — Rheem Manufacturing Co. says it plans to shift about 250 jobs from its operation in Fort Smith to a plant in Mexico. Fort Smith is the company's air conditioning division headquarters. The company said Thursday it's expanding its plant in Nuevo Laredo, Mexico, by more than 290,000 square feet and will begin producing residential products there that now are produced in Fort Smith.
WASHINGTON (AP) — Businesses boosted their orders for machinery, electronics products and airplanes in May. The pickup suggests manufacturing is rebounding after the Japan crises made parts scarce and slowed production of some factory goods temporarily. Orders long-lasting manufactured products increased 1.
PITTSBURGH (AP) — Imagining advances from lighter cars to smarter robots, President Barack Obama is announcing a $500 million project to spur high-technology manufacturing, a sector of U.S. industry that presidential advisers say has lost ground to such competitors as Germany and Japan. On Friday in Pittsburgh, Obama is to call for a joint effort by industry, universities and the federal government to help reposition the United States as a leader in cutting-edge manufacturing, including biotechnology, robotics and nanotechnology — the development of new materials at the molecular level.
Innovative Pilot Program to Promote Sustainable Manufacturing to Generate a $54 Million Economic Impact Over Five Years Sustainability Fuels Savings, Growth and Competitive Advantage for 45 Participants Environmental and Financial Impacts Exceed Expectations, Program Delivers Substantial ROI for Manufacturers, State of Wisconsin ___ MILWAUKEE — An innovative program to promote sustainable manufacturing in Wisconsin is projected to generate a five-year $54 million economic impact and significant environmental benefits, states a report released today by the Wisconsin Manufacturing Extension Partnership (WMEP) .
ELKHART, Ind. (AP) — The bankruptcy filing of an electric car manufacturer has clouded the future of a northern Indiana factory that was touted as an economic boost for an area hit hard by job losses in the recreational vehicle industry. Elkhart Mayor Dick Moore said a company official told the city's economic development director that the factory there wouldn't be affected by Norway-based Think Global's bankruptcy filing, but he remains concerned.
LE BOURGET, France (AP) — Airbus is trouncing Boeing in the race to be the world's biggest planemaker, claiming over $72 billion dollars worth of orders and commitments at the Paris Air Show, where the popularity of its new fuel-efficient jets twice broke records for the largest order ever. Airbus' success cast a long shadow over Chicago-based Boeing, which recorded only $22 billion in orders and commitments, and raised questions over the U.
GALLATIN, Tenn. (AP) — A Gallatin, Tenn., Hoeganaes chemical plant where four workers have died in fires this year will resume partial production this week. Officials at the Hoeganaes plant did not specify which day and said production in other areas of the facility is expected to restart over the coming weeks after reviews.
STOCKHOLM (AP) — Saab, the Swedish car company renowned for its sometimes quirky designs, moved closer to bankruptcy Thursday after it conceded that it didn't have any money to pay employees' wages. After months of production stoppages and problems with paying suppliers, Saab said the situation is so dire that it won't be able to pay its 3,700 employees, raising doubts over how long the brand can survive.
DETROIT (AP) — Owners of cars that were new or redesigned for the 2011 model year are reporting more quality problems, partly because of glitches with the navigation screens, voice-activated systems and other technology packed into their dashboards. J.D. Power and Associates released its annual survey of new vehicle quality Thursday.
Dallas, TX — Rexel, one of the world’s leading electrical distributors, announced today that it has launched a new electrical efficiency online resource: www.electrical-efficiency.com . This new online magazine will offer diverse content on related regulation, solutions, projects, markets and major news worldwide.
LINCOLN, Neb. (AP) — Kawasaki has recalled most of the workers who were laid off in the spring at its rail car production plant in Lincoln. The plant in March laid off 115 workers because of a parts error by a supplier in Japan. The error was complicated by the earthquake in Japan. The Lincoln Journal Star says Thursday that plant manager Mike Boyle says most employees have now returned to work.
Ford Motor Co. will offer inflatable rear seat belts in more of its vehicles starting next summer. Ford was the first in the industry to offer the belts, which are now available on the 2011 Ford Explorer SUV. The company plans to offer them on the Ford Flex, a seven-passenger crossover wagon, and two unnamed Lincoln vehicles.
TOKYO (AP) — The owner of Japan's tsunami-damaged nuclear plant will pay an estimated $1 billion (88 billion yen) to thousands of residents who evacuated homes near the radiation-leaking plant and don't yet know when they can return. Compensation Tokyo Electric Power Co.
WASHINGTON (AP) — The Federal Reserve acknowledged Wednesday that the economy is growing more slowly than it expected. But it said it will complete its $600 billion Treasury bond buying program by June 30 as planned and announced no further efforts to boost the economy. Ending a two-day meeting, the Fed repeated a pledge to keep interest rates at record lows near zero for "an extended period," a promise it's made for more than two years.
LE BOURGET, France (AP) — Airbus racked up huge orders for its fuel-saving A320neo jetliner on Wednesday, even bagging the biggest single sale in aviation history, and overshadowing the arrival of Boeing's much-hyped and much-delayed 787 Dreamliner at the Paris Air Show. As airlines around the world worry about skyrocketing fuel prices, demand has surged for low-consumption planes.
WASHINGTON (AP) — Federal health officials say the latest data on silicone breast implants show they are relatively safe, despite frequent complications that lead about one in five women to have the implants removed within ten years. A Food and Drug Administration report issued Wednesday is the agency's first safety assessment of the implants since regulators returned them to the market in 2006.
BAODING, China (AP) — Solar panels jut out of streetlights in China's self-proclaimed Clean Energy City. Tiny wind turbines twirl atop public buildings. Schools are due to teach students about "green living." In the scramble to profit from demand for clean energy, this city southwest of Beijing is promoting itself as a manufacturing center for solar, wind and other gear by transforming into a living showcase of environmental technology.
HELSINKI (AP) — Nokia Corp. said Wednesday it has completed a deal to outsource Symbian software development to Accenture, including the transfer of 2,800 workers to the global management-consulting firm. The announcement came two months after Nokia disclosed the plan as part of its aim to cut costs by $1.
LE BOURGET, France (AP) — Boeing will deliver the first of its much-delayed 787 wide-bodied jets to launch customer All Nippon Airways as early as August, officials said Wednesday. At a joint ceremony at the Paris Air Show, the two companies showcased the new plane — known as the Dreamliner — saying it will allow airlines to open up a number of new long-haul routes.