WASHINGTON (AP) — People familiar with a record legal settlement to be announced Wednesday say that Pfizer Inc., the world's largest drugmaker, will pay $2.3 billion in connection with illegal drug promotions. The U.S. Justice Department plans a news conference later in the day to announce the terms of the deal.
WASHINGTON (AP) — Orders to U.S. factories rose less than expected in July as reduced demand for petroleum products offset a jump in orders for aircraft and other transportation goods. Still, orders rose for the fifth time in six months, a sign that the manufacturing sector is continuing to recover from a steep downturn.
LOS ANGELES, Sept. 1 (Kyodo) — A former lawyer of Toyota Motor Sales U.S.A. Inc. filed a lawsuit against the company in late July, alleging he was pressured to conceal information from victims of rollover accidents involving sport utility vehicles and trucks, U.S. media reported Tuesday. In the lawsuit, Dimitrios Biller accused the U.
HUNTSVILLE, Ala. (AP) — Continental Automotive Systems U.S. says it will close its automotive parts plant in Huntsville by Dec. 31 next year, laying off more than 1,000 workers. Monday's announcement comes a month after Continental warned that cutting costs in product development and manufacturing were necessary to save the company.
TEWKSBURY, Mass. (AP) — Defense contractor Raytheon Co. said Tuesday it has been awarded a contract worth $26.9 million to provide technical assistance to Taiwan's missile defense system. The award from the U.S. Army Aviation and Missile Command represents a modification to a technical assistance contract granted in 2008.
KANSAS CITY, Mo. (AP) — Harley-Davidson Inc. says it will not build a second manufacturing plant in Kansas City. The Kansas City Star reports that the motorcycle manufacturer told city officials Monday that the city did not make the cut as Harley-Davidson looks to build a potential replacement for its plant in York, Pa.
GREENVILLE, S.C. (AP) — General Electric Co.'s aviation business says it will expand operations in South Carolina and add 100 jobs by 2013. The state Department of Commerce announced Tuesday that GE Aviation will move from its 50,000 square-foot building in Greenville to a 150,000 square-foot site in the city.
MILWAUKEE (AP) — One of two brothers accused of starting a $50 million fire at a Cudahy meatpacking plant pleaded guilty Tuesday. Prosecutors say 25-year-old Kurtis Popp fired a military flare July 5 given to him by his brother. The flare landed on a roof at the Patrick Cudahy Inc. meatpacking plant and ignited the fire.
NEW YORK (AP) — U.S. manufacturing, aided by government rebates to first-time homebuyers and car buyers, likely experienced some growth in August after shrinking for 18 months. Economists expect a national measure of manufacturing activity to show the sector grew last month. That hasn't happened since January 2008, as a recession triggered by the U.
Boeing Co. said Monday that Scott Carson will step down as head of its commercial airplane division, ending a tenure marked by costly problems with the company's much-delayed 787 jetliner. The Chicago-based company said Carson will be succeeded Tuesday by the head of its defense business, Jim Albaugh.
Deere & Co., the world's largest agricultural-equipment maker, said Monday its board of directors has approved a plan to invest $125 million to establish a new manufacturing and parts center in Russia. The Moline, Ill.-based company said the facility near Moscow will be capable of making a broad range of John Deere products, including tractors and harvesting equipment, as well as construction and forestry products.
OKLAHOMA CITY (AP) — Officials in Stillwater said Monday they're happy to hear boat engine maker Mercury Marine could be moving hundreds of jobs to their city, even if they sympathize with a Wisconsin city that may be losing those jobs. Mercury Marine said Sunday it intends to move the jobs to Stillwater after a union rejected a contract proposal that would have kept the jobs at the company's Fond du Lac, Wis.
CEDAR RAPIDS, Iowa (AP) — A federal judge on Monday delayed the trial of four former top managers at an Iowa slaughterhouse where 389 people were arrested last year in what was the largest immigration raid in U.S. history at the time. U.S. District Court Judge Linda Reade agreed to an Oct.
CONCORD, N.H. (AP) — A New Hampshire judge is temporarily blocking Precision Technology from transferring assets that could be used to provide workers compensation they are owed. Gov. John Lynch said Monday that the state sought the order to protect the 131 workers the Pembroke company locked out last week without the federally required 60-day notice.
MUMBAI, India (AP) — Tata Motors lost 3.3 billion rupees ($67.2 million) in the April-June quarter, driven by a 52 percent drop in sales volumes at its Jaguar Land Rover subsidiary and the cost of servicing its debt, the company said Monday. During the same period last year, Tata posted a profit of 7.
FOND DU LAC, Wis. (AP) — Leaders of the union representing workers at Mercury Marine say they have no new ideas for reviving talks to keep 850 manufacturing jobs in Fond du Lac from moving to Oklahoma. Dan Longsine of the International Association of Machinists and Aerospace Workers, Local 1947, said Monday the company is no longer interested in talking.
MEMPHIS, Tenn. (AP) — A study by a Memphis nonprofit group proposes major changes in the way agricultural land in the Delta is used to create a bioeconomy worth $8 billion with more than 25,000 jobs in the next decade. The study commissioned by Memphis Bioworks Foundation was released last week.
BISMARCK, N.D. (AP) — North Dakota's potential for generating wind power should help lure businesses that make equipment for the industry, economic development officials believe, but analysts say the state will face stiff competition. The state Commerce Department has hired a British firm to help drum up business prospects in Europe, where a number of large wind energy companies are based.
CLEVELAND (AP) — Thousands of workers at Goodyear Tire & Rubber Co. plants in seven states will vote in the coming days on a tentative national contract agreement. The United Steelworkers of America and the company reached the deal Saturday night about three hours before a midnight deadline for the expiration of the old three-year contract, which had been extended twice.
BEIJING (AP) — Two hundred children are suffering from lead poisoning in southwest China, the country's third such case of mass sickening in the past month, an official newspaper said Monday. Parents in Tongdu, a township in Yunnan province's capital of Kunming, blamed the poisoning on a nearby industrial park while local environmental officials attributed it to vehicle exhaust, the China Daily reported.