DES MOINES, Iowa (AP) — The state of Iowa's decision to grant state tax credits for a major modernization project at the John Deere Foundry in Waterloo is saving nearly 300 jobs at the company. According to documents Deere & Co. filed with the Iowa Department of Economic Development, the tax credits is allowing the company to retain 60 salaried positions and 235 hourly jobs in Waterloo.
MELBOURNE, Fla. (AP) — Northrop Grumman Corp. said Monday it has won a $517 million contract from the U.S. Army to develop up to three hybrid airships for battlefield surveillance. The airship, dubbed the Long Endurance Multi-Intelligence Vehicle, or LEMV, is slightly longer than a football field.
HOUSTON (AP) — Texas asked a federal court on Monday to intervene in its fight with the Environmental Protection Agency over how the state regulates emissions from oil refineries and other petrochemicals plants. Texas Attorney General Greg Abbott asked the 5th U.S. Circuit Court of Appeals in New Orleans to review the EPA's rejection in March of a 1995 state law that allows refineries to be modified without being subject to additional regulation, provided the changes don't increase a facility's overall emissions.
HARRISBURG, Pa. (AP) — Chocolate maker The Hershey Co. said Monday it will spend $250 million to $300 million to modernize several facilities and cut costs as part of a plan that is intended to save $80 million a year and could mean big changes for the company's hometown. Hershey made the announcement after its board unanimously approved the plan.
WASHINGTON (AP) — The U.S. Department of Defense said Monday that it has awarded Navistar Defense LLC a $17.2 million contract to support its armored trucks being used in combat zones. The work is scheduled to be finished by the end of June 2011. The work will be performed in Afghanistan, Iraq and Kuwait.
BOISE, Idaho (AP) — The Environmental Protection Agency on Monday ordered a chemical company to halt toxic, explosive gases leaking from a southeastern Idaho Superfund site that toxicologists concluded were an "urgent public health hazard." Philadelphia-based FMC Corp. operated a phosphorous production plant from 1949 to 2001 on the Eastern Michaud Flats area west of Pocatello, on the Shoshone-Bannock Indian Reservation.
RALEIGH, N.C. (AP) — With companies hiring few workers in the prolonged recession, economic developers are trying to create jobs by offering tax breaks and other incentives they might not have a few years ago. Gov. Beverly Perdue's administration said Monday it had offered a division of Canadian auto-parts giant Magna International $1.
NEW YORK (AP) — Electric car maker Tesla Motors Inc. set terms for its highly anticipated IPO Tuesday, saying it now hopes to raise about $185 million by selling shares to the public and to Toyota Motors Corp. Tesla and its stockholders will sell 11.1 million shares for $14 to $16 each in an initial public offering, according to a regulatory filing.
LOUISVILLE, Ky. (AP) — The leak of a pair of chemicals from a rail car at a Dow Chemical plant in Louisville has been stopped and area residents have been given clearance to go back outside. The officials said the leak has been contained within the facility and added that the leak may have been caused by the heat.
NEW ORLEANS (AP) — BP's costs for responding to the massive oil spill in the Gulf of Mexico have risen to $1.6 billion. According to a company news release, that includes new $25 million grants the British oil giant has given to Florida, Alabama and Mississippi. It also includes the first $60 million for a project to build barrier islands off the Louisiana coast.
ST. LOUIS (AP) — Just days after a monthlong walkout ended at its California C-17 plant, Boeing Co. is facing another possible strike. The plane maker's machinists union in St. Louis has voted to reject a company offer that would have replaced a contract that expires Sunday. The International Association of Machinists and Aerospace Workers said on its website Sunday that members voted 1548-532 to reject the offer, and voted 1619-459 to strike.
RICHMOND, Va. (AP) — Jimmy Dean, a country music legend for his smash hit about a workingman hero, "Big Bad John," and an entrepreneur known for his sausage brand, died on Sunday. He was 81. His wife, Donna Meade Dean, said her husband died at their Henrico County, Va., home. She told The Associated Press that he had some health problems but was still functioning well, so his death came as a shock.
PITTSBURGH (AP) — Bounded on one side by a cliff and on the other by the Ohio River, what's left of the Jones & Laughlin Steel Co.'s Aliquippa Works is an overwhelming stretch of emptiness punctuated by debris — metal scrap, concrete, office material and building detritus piled and strewn over miles of rutted clay.
NEW YORK (AP) — If you want a hint about the economic recovery, follow that truck. Pickups are a kind of rugged indicator of the nation's financial health. When times are good, contractors buy more of them to carry tools around for landscaping and lumber to build homes. Weekend haulers also gravitate to them even though cars get better mileage.
WASHINGTON (AP) — In a boost for the president on global warming, the Senate on Thursday rejected a challenge to Obama administration rules aimed at cutting greenhouse gas emissions from power plants and other big polluters. The defeated resolution would have denied the Environmental Protection Agency the authority to move ahead with the rules, crafted under the federal Clean Air Act.
BOSTON (AP) — A new study has found that wood-burning power plants using trees and other "biomass" from New England forests releases more greenhouse gases into the atmosphere than coal over time. The six-month study, commissioned by Massachusetts state environmental officials, found biomass-fired electricity would result in a 3 percent increase in carbon emissions compared to coal-fired electricity by 2050.
SEATTLE (AP) — Tesoro Corp.'s Anacortes refinery, where an April explosion and fire killed seven people, will remain closed at least through September — three months longer than once expected — a company spokesman said Thursday. Meanwhile, Robert Hall, who is leading the accident investigation for the U.
ARDMORE, Okla. (AP) — 3M has announced plans to close its plant in Ardmore by the end of the year. Company officials made the announcement Thursday to its 125 employees at the plant that makes dental implant products. The company says the plant's operations will be moved to St.
MINNEAPOLIS (AP) — Snowmobile maker Arctic Cat Inc. said Thursday it will begin manufacturing some of its own snowmobile engines in St. Cloud, Minn., beginning after the 2014 model year. Currently, Suzuki Motor Corp. supplies all engines for Arctic Cat's snowmobiles. Suzuki will continue to supply the company with engine parts to service existing engines after the 2014 model year.
WASHINGTON (AP) — General Motors Co., not the government, will determine when the automaker will conduct a public stock offering at the heart of the company's revival, the Obama administration said Thursday. The Treasury Department said in a statement that it expects to sell some of its 61 percent stake in GM when the automaker goes public.