WASHINGTON (AP) — President Barack Obama and automakers ushered in what could be the largest cut in fuel consumption since the 1970s on Friday with a deal that would save drivers money at the pump and dramatically cut heat-trapping gases coming from tailpipes. The agreement pledges to double overall fuel economy to 54.
WASHINGTON (AP) — Manufacturers had their weakest growth in two years in July, a sign that the economy could weaken this summer. The Institute for Supply Management, a trade group of purchasing executives, said Monday that its index of manufacturing activity fell to 50.9 percent in July from 55.
DETROIT (AP) — Auto parts supplier American Axle & Manufacturing Holdings Inc. said Friday that its second-quarter profit nearly doubled on higher sales stemming from the continued increase in vehicle production. The Detroit-based company also boosted its profit prediction for the full year, citing updated production schedules at its customers and continued recovery in consumer demand for full-size pickup trucks and sport utility vehicles.
NASHVILLE, Tenn. (AP) — General Motors received nearly $17 million in job-training grants from the state of Tennessee nearly three years ago, tapping an unexpected source of cash at a time the automaker teetered on the brink of collapse, according to a published report. Those grants made GM the biggest single recipient of cash for job training from the Tennessee Department of Economic and Community Development, according to a database obtained by The Tennessean.
COUNCIL BLUFFS, Iowa (AP) — Tyson Foods Inc. is moving ahead with a $48 million renovation at one of its plants in Council Bluffs. The Springville, Ark.-based company says Friday it will convert its cooked meats plant into a dry sausage and pepperoni operation. The project includes new equipment and a 60,000 square foot addition.
RALEIGH, N.C. (AP) — All North Carolina operations of a chicken processor bought out of bankruptcy earlier this year are closing, leaving more than 1,000 people jobless. The closure of the Townsends plants in Siler City and Mocksville also ends contracts with about 200 chicken farmers in four counties, the News & Observer of Raleigh reported Saturday.
PEORIA, Ill. (AP) — A 51-year-old man is dead after an accident at the Keystone Steel & Wire Co. plant in central Illinois. Peoria County Coroner Johnna Ingersoll says maintenance worker David Hezlet of Cuba, Ill., was pronounced dead Sunday afternoon at OSF Saint Francis Medical Center.
MOORHEAD, Minn. (AP) — The union representing sugar processors says over 1,200 employees have been turned away from seven American Crystal Sugar plants in Minnesota, North Dakota and Iowa. Their labor contract expired at midnight Sunday after workers overwhelmingly rejected the company's final offer.
WASHINGTON (AP) — Medical device maker Boston Scientific Corp. reported better-than-expected earnings for the second quarter Thursday and announced it would reduce its staff by between 5 and 6 percent to streamline operations. The company announced a global restructuring program to eliminate unnecessary administrative positions and automate some production work.
NEW ORLEANS (AP) — More than two years after unveiling a plan to build a fuel-efficient vehicle in Louisiana, startup automaker Next Autoworks Co. continues to play a long waiting game for federal financing with no end in sight. Touted in 2009 as one of the biggest all-new industrial projects in years, what was first known as V-Vehicle Co.
CLEVELAND (AP) — Goodyear Tire & Rubber Co. reported a 43 percent surge in second-quarter earnings Thursday, helped by a 24 percent revenue increase. But Chairman and CEO Richard J. Kramer expressed caution Thursday about its core North American market, however. "These results will be difficult to repeat in the second half because of increasing raw material cost challenges and uncertain economic conditions," he said.
ALBUQUERQUE, N.M. (AP) — Authorities say an American Airlines worker is dead after an industrial accident at the Albuquerque International Sunport. Albuquerque police and airport authorities say they're investigating Thursday's accident, but didn't immediately release any details.
PEORIA, Ill. (AP) — The U.S. Department of Justice says Caterpillar Inc. has agreed to pay $2.55 million to settle allegations it violated the U.S. Clean Air Act. The department said Thursday that it believes the Peoria, Ill.-based heavy equipment-maker shipped more than 590,000 engines that lacked proper emissions controls.
(Madison, WI & Edison, NJ) – On September 20, 2011 at 11:00 a.m. EST, IET Inspec and Automation Federation, along with support from Newark's element14 engineering community and Interpower will present an interactive webinar entitled; Great Minds on Innovation, Featuring Dean Kamen.
ROCKVILLE, Md. (AP) — Lockheed Martin Corp. said Thursday it won two regional orders for a combined $72 million to help the U.S. government set up new passenger-screening equipment at about 300 airports. The orders from the Transportation Security Administration will cover airports in eastern and central states.
TALLAHASSEE, Fla. (AP) — Florida's jobless workers are facing additional hurdles to qualify for state unemployment compensation. Several new requirements go into effect Monday under a law passed this year to help reduce unemployment taxes paid by businesses. Claimants will be required to contact at least five potential employers or else meet with a state reemployment services representative each week.
WICHITA, Kan. (AP) — Engineers and technical workers at Spirit Aerosystems have voted to reject the company's contract offer. Members of the Society of Professional Engineering Employees in Aerospace voted Thursday on a 9 1/2-year contract proposal. A strike vote was not on the ballot.
YOUNGSTOWN, Ohio (AP) — A jury in Ohio has ruled in favor of Ford Motor Co. in the lawsuit of a former patrol officer severely burned in a crash in one of the automaker's police cruisers. The Vindicator of Youngstown reports the jury reached its verdict Tuesday, denying former Austintown officer Ross Linert's request for monetary damages.
TOKYO (AP) — Japan's industrial production rose for the third straight month in June as the world's No. 3 economy stages a recovery from the March 11 earthquake and tsunami. Factory output climbed 3.9 percent from the previous month and is expected to continue growing in the months ahead.
WASHINGTON (AP) — The number of people seeking unemployment benefits dropped last week to the lowest level since early April, a sign the job market may be healing after a recent slump. The Labor Department said Thursday that weekly applications fell 24,000 to a seasonally adjusted 398,000.