HELSINKI (AP) — Nokia Siemens Networks said Tuesday it will lay off up to 5,700 workers globally as part of a move to cut annual costs by euro500 million ($740 million). The mobile network equipment maker — a joint venture between Finland's Nokia Corp. and Siemens AG of Germany — said it will reduce its five business units to three by January, and strengthen its business through partnerships and acquisitions.
NEW YORK (AP) — Toyota Motor Corp. said Monday its vehicles are not at risk of accelerating out of control unless the driver's side floor mat is improperly installed or is not meant for that vehicle. The Japanese automaker said the conclusion is the result of a U.S. government investigation into unintended acceleration of some Lexus vehicles.
CHICAGO (AP) — Tool makers Stanley Works and Black & Decker Corp. are betting that together they can wring out more profit and better position themselves for a housing market recovery than they could apart. Battered by the housing slump and economic recession, two of the industry's most iconic brands are now merging.
WASHINGTON (AP) — General Motors says it has received permission to use $2.8 billion of its government aid to help buy part of troubled auto parts supplier Delphi Corp., the automaker's former parts division. The Detroit automaker said in a regulatory filing with the U.S. Securities and Exchange Commission that the Treasury Department granted the release of $1.
JAMES PRICHARD Associated Press Writer — November 3, 2009 GRAND RAPIDS, Mich. (AP) — Wal-Mart and two other top retailers said Friday they are suspending business with a large southwestern Michigan blueberry grower after investigators found children as young as 6 working in the grower's fields.
WASHINGTON (AP) — A bipartisan group of lawmakers who support Boeing ( NYSE:BA ) in its bid for a $35 billion tanker contract want President Barack Obama to force the Air Force to include a recent World Trade Organization ruling against Airbus in its decision. The WTO in September issued an interim ruling that found Airbus received illegal launch aid from European governments to build its aircraft.
MARYSVILLE, Mich. (AP) — Multiple explosions rocked a Michigan welding supply plant after an acetylene tank burst into flames on Monday, sending an employee to the hospital and prompting many homes and businesses to evacuate, authorities said. An employee at the plant in Marysville, about 50 miles northeast of Detroit, was removing a valve from the tank when it exploded, said the town's police chief, Tim Buelow.
ASHVILLE, N.Y. (AP) — A New York meat company has recalled almost 546,000 pounds of ground beef because, according to health officials, contaminated meat has caused illness and one death. The U.S. Department of Agriculture said Saturday the meat sold by Ashville, N.Y.-based Fairbank Farms was linked to cases of E.
DETROIT (AP) — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving Ford at a disadvantage to its Detroit rivals as it continues its struggle to return to profitability. The United Auto Workers union had given local unions until Monday to complete voting.
TUCSON, Ariz. (AP) — Members of the Machinists Union have voted to approve a new three-year contract, averting a possible strike at Raytheon Missile Systems Inc. About 75 percent of the bargaining unit's dues-paying members met Sunday at the Tucson Convention Center and overwhelmingly approved the new contract.
NEW YORK (AP) — The new Navy assault ship USS New York, built with World Trade Center steel, arrived in its namesake city Monday with a 21-gun salute near the site of the 2001 terrorist attack. First responders, families of Sept. 11 victims and the public gathered Monday at a waterfront viewing area, where they could see the crew standing at attention along the deck of the battleship gray vessel.
LONGVIEW, Wash. (AP) — For retailers, the "100 percent recycled" label on a product is a badge of honor declaring their civic responsibility. For consumers, it's a status symbol showing their environmental awareness. For manufacturers, such as Longview Fibre Paper and Packaging Inc.
WASHINGTON (AP) — Businesses are finally willing to spend more money on equipment, a healthy sign for the economic recovery. For the first time in nearly two years, companies ponied up more money for a category called "equipment and software" in the third quarter of the year. It isn't a huge growth rate — just 1.
DEARBORN, Mich. (AP) — Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011. The automaker said Monday earnings were fueled by U.
NEW YORK (AP) — General Motors Co. will temporarily shutdown a plant that builds two of its crossover vehicles and reduce production at a transmission plant as a result of a parts shortage stemming from a strike at a supplier in India, according to a person familiar with the situation.
NEW YORK (AP) — Merck & Co. and Schering-Plough Corp. said Thursday they have won merger approval from the Federal Trade Commission and antitrust regulators in Switzerland and Canada. Merck hopes to close its $41.1 billion acquisition of Schering-Plough Corp. before the end of the year.
AIKEN, S.C. (AP) — A former South Carolina worker at the Savannah River Site has filed a federal lawsuit, claiming racial and religious discrimination by co-workers. The Aiken Standard reported Friday that 41-year-old Al Zeiny sued his former employer in U.S. District Court in Aiken.
EVERETT, Wash. (AP) — Matt Gettmann began working in finance at Boeing Co. last year, and it wasn't long before he found himself watching, stunned, as union members prepared for what became an eight-week strike. The work stoppage cost the company billions in deferred revenue and caused some of the delays in production of its new 787 at a time when Boeing was growing increasingly frustrated with labor squabbles.
DETROIT (AP) — Workers at two more United Auto Workers locals overwhelmingly rejected changes to their contract with Ford Motor Co. on Thursday, casting further doubt on whether the deal will be approved. Workers at a parts-making plant in Saline, Mich., west of Detroit, voted 75 percent against the deal, while research and engineering employees in Dearborn, Mich.
LONDON (AP) — British oil company BP PLC said Friday it is disappointed to receive a fine — expected to be a record $87 million — from the U.S. Occupational Safety and Health Administration over a 2005 explosion that killed 15 people at its Texas City refinery.