NEW YORK (AP) — Stock futures rallied Friday as traders were encouraged that orders for manufactured goods excluding the volatile transportation sector rose sharply last month. A surprise jump in business confidence in Germany also tempered fresh worries about Europe's economy, driving stocks higher in Europe and the U.
OMAHA, Nebraska (AP) — Billionaire Warren Buffett says the economy remains in a recession, by his definition, because most people and businesses still aren't doing as well as they were before the financial crisis. Buffett talked about the economy and his Berkshire Hathaway Inc. businesses in an interview that aired Thursday on CNBC.
Worried parents have bombarded the maker of Similac with phone calls and peppered Facebook and Twitter pages over fears about insects in the top-selling baby formula after millions of cans were recalled. But the company said Thursday it's unlikely any of the formula already sold is tainted, and doctors offered more reassurance: Even if babies drink bug-tainted formula, the chance for serious harm is slim.
CRETE, Nebraska (AP) — A worker entered the lunchroom of a cold-storage food warehouse in southeastern Nebraska and started firing a handgun, wounding three employees — including a woman who was shot 11 times — before going outside and killing himself, authorities said Thursday. Officials gave no information about why the man, identified as 26-year-old Akouch Kashoual of Lincoln, began shooting at the Americold Logistics plant near Crete around 9:50 p.
TOKYO (AP) — Having worked for two years at a tech company in Japan and picking up the language, Qiu Zhaohua has decided to return to China, lured by a job in the eastern tech hub of Dalian that pays as much 200,000 yuan a year, or about $29,000 — a handsome starting salary by China's standards.
WICHITA, Kan. (AP) — Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year. Cessna CEO Jack Pelton told workers in an e-mail that the company's performance mirrored the "lackluster economy." "While cancellations have slowed, the recovery and growth we expected to see throughout the year have not materialized, and the timing of any recovery remains uncertain," Pelton wrote.
WASHINGTON (AP) — Scrutiny of drug and consumer product giant Johnson & Johnson ratcheted up Tuesday as a congressional chairman demanded the company provide proof of its claim that federal regulators cleared a plan to secretly buy up defective painkillers. The letter from Rep. Edolphus "Ed" Towns, D-N.
WASHINGTON (AP) — The owner of an Iowa egg company says in testimony prepared for a House hearing that he was "horrified" to learn that his eggs may have sickened as many as 1,600 people in an outbreak of salmonella poisoning this summer. Austin "Jack" DeCoster and his son, Peter DeCoster, are scheduled to testify before a House Energy and Commerce subcommittee Wednesday.
EVANSTON, Ill. (AP) — Federal authorities have cited an Evanston plastics company that they say endangered employees through 16 serious safety violations. The action against Spartech Plastics LLC comes from the Occupational Safety and Health Administration. OSHA says the company exposed workers to unguarded machinery and electrocution and amputation hazards.
WENDELL, N.C. (AP) — More than 600 people in Nash, Johnston and eastern Wake counties still have jobs because of provisions in a federal stimulus package that loosened underwriting rules for loans to companies in rural areas. Mortex, headquartered in Wendell, makes sportswear from raw materials and sells them under brand names such as Eagle to companies that print logos on them and sell them to colleges and universities across the country.
HOUSTON (AP) — A BP spokesman says two workers at the company's Texas City refinery have been hospitalized after suffering steam burns. Refinery spokesman Michael Marr said the accident happened about 4 p.m. Tuesday. He told the Houston Chronicle he had no other details on how the injuries occurred.
LAFAYETTE, Ind. (AP) — A Subaru assembly plant in central Indiana plans to add 100 full-time production jobs to its work force over the next six months. Subaru of Indiana Automotive says the new full-time workers will come from among its current temporary employees at the factory near Lafayette.
DETROIT (AP) — Hyundai Motor Co. will begin building the new Elantra compact at its factory in Montgomery, Ala., late this fall, the Korean automaker announced Monday. The Elantra, previously built in South Korea, will be an all-new model introduced in showrooms early next year. It will make its U.
WASHINGTON (AP) — U.S. regulators are weighing whether to approve genetically modified salmon for human consumption, and if they do, it might not be labeled any differently from conventional fish. It is still unclear whether the Food and Drug Administration will approve the fish, which was created by a Massachusetts company and grows twice as fast as its conventional counterparts.
SEATTLE (AP) — Seattle firefighters have controlled a four-alarm blaze that tore through the former Sunny Jimpeanut butter plant in south Seattle, injuring a firefighter and sending smoke high into the air. An estimated 120 firefighters responded Monday to the vacant, city-owned, two-story building.
DEARBORN, Mich. (AP) — Ford Motor Co. has confirmed that it will not sell the next generation of the small Ford Ranger pickup truck in North America. The market for small pickups has shrunk in recent years, and Ford believes it can cover the whole North American market with multiple versions of its F-150 full-size pickup truck, said Mark Schirmer, a spokesman for the Dearborn, Mich.
SAN FRANCISCO (AP) — Consumers are as happy as they've ever been with their computers, and those with Apple computers are the most pleased, a new survey says. The American Customer Satisfaction Index's score for personal computers, which is part of a larger survey that also includes consumer sentiments on home electronics, totaled 78 out of 100 for the past 12 months.
ROSEVILLE, Minn. (AP) — A major Twin Cities asphalt manufacturer has run into strong opposition over a new plant in Roseville. Mendota Heights-based Bituminous Roadways wants to build an asphalt plant in the northern inner ring suburb. State pollution control officials say the asphalt plant poses no human health risks.
BEIJING (AP) — A Chinese dairy company executive and six other people were arrested after authorities discovered 26 tons of milk powder tainted with a toxic chemical, the latest incident highlighting the country's enduring struggle with food safety, a report said Monday. The Jinfulai Dairy Company in Yangquan city of Shanxi province traded fresh milk for expired milk powder that contained high levels of the industrial chemical melamine, according to JCRB.
SPARTANBURG, S.C. (AP) — An electric car manufacturing company is delaying production at a new South Carolina plant until at least Christmas. The Herald-Journal of Spartanburg reported Monday that CC&T Southeast expects production at its plant in Duncan to start in four to six months.