September 22, 2009 by Jordan Robertson, AP Technology Writer SAN FRANCISCO (AP) — The worldwide personal-computer market is pulling out of its slump quickly and could defy predictions by growing this year, Intel Corp. CEO Paul Otellini said Tuesday. Otellini's comments at a conference Tuesday were more bullish than many analysts have been.
PORTLAND, Ore. (AP) — ConAgra Foods Inc. said Tuesday that its first-quarter profit dropped 63 percent compared with a year earlier — when it sold a business — but its adjusted profit beat estimates, and it raised its outlook. The Omaha, Neb.-based food maker said strong performance of its Healthy Choice, Marie Callender and Orville Redenbacher consumer lines meant its results for the year would be solid.
WASHINGTON (AP) — They were calling it the tax on Q-tips. Amid Republican ridicule, a Democratic chairman backed down Tuesday and exempted consumer items of $100 or less — from condoms to contact lenses — from a proposed tax on medical device manufacturers. It would help pay for health care coverage for the uninsured in comprehensive legislation.
OMAHA, Neb. (AP) — Omaha asphalt surfacing and paving company Monarch Oil has been fined $52,000 by the federal government for an accident that badly burned a worker. The federal Occupational Safety and Health Administration says the company violated several safety rules when a worker was covered by almost 240-degree asphalt while transferring asphalt from rail cars into storage tanks.
HARTFORD, Conn. (AP) — The Machinists union asked a federal judge Tuesday to block Pratt & Whitney from moving 1,000 jobs from Connecticut, accusing the jet engine maker of negotiating in bad faith. The International Association of Machinists said in court papers filed in U.S. District Court in Hartford that Pratt & Whitney executives failed to make "every reasonable effort" to preserve the jet engine repair jobs in Connecticut.
WASHINGTON (AP) — Fisker Automotive, a California manufacturer of luxury electric vehicles, will receive more than $500 million in federal loans to develop a plug-in hybrid sports car with a sticker price of nearly $90,000 and a new plug-in hybrid vehicle to be built in the United States. The Energy Department said Tuesday it would lend $528.
DETROIT (AP) — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year. The automaker says it will add third shifts at its Fairfax plant in Kansas City, Kan.
GADSDEN, Ala. (AP) — A United Steelworkers official says Goodyear workers in Gadsden voted overwhelmingly in favor of a new four-year contract, which has won national ratification. Local 12 President David Hayes says 63.7 percent of union members in Gadsden voted in favor of the proposed contract, joining other union locals that supported ratification.
DETROIT (AP) — After Jerry Tester lost his job as a contract engineer at General Motors, it soon became clear that the struggling auto industry wouldn't be the place where he would work again. The 45-year-old spent months unemployed before a tip from a friend led him to the Talascend Global Training Academy, where he took a crash course in piping design that landed him a job at Marathon Oil Corp.
NEW YORK (AP) — Analysts are keeping a cautious eye on Dell Inc.'s planned $3.9 billion acquisition of Perot Systems Corp., a deal aimed at moving the company beyond personal computers and into technology services. Credit Suisse analyst Bill Shope cut his rating on the company to "Neutral" from "Outperform" in a note to investors Tuesday, a day after the deal was announced.
EAST HARTFORD, Conn. (AP) — Jet engine maker Pratt & Whitney said Monday it will eliminate 1,000 jobs in Connecticut by 2011, transferring engine repair work to Georgia and Asia in a cost-cutting move. The subsidiary of United Technologies Corp. will shut its Cheshire, Conn.
EUGENE, Ore. (AP) -- Tucked away in a nondescript garage off an unpaved alley in Eugene's Whiteaker neighborhood, a group of young entrepreneurs is trying to catch the next wave of human transport by building an affordable, rechargable electric vehicle. The company is called Arcimoto, and it will unveil a prototype of its first vehicle, the Pulse, on Wednesday at Pioneer Square in downtown Portland.
TOKYO (AP) — The chief executive of the Canadian parts maker that is buying a stake in Opel from General Motors said Tuesday talks are planned with Volkswagen to ease the German automaker's concerns about the deal. "Volkswagen has said they are concerned, so we need to finalize internal procedures and have more discussions with them," Don Walker, co-chief executive officer of Magna International Inc.
POOLER, Ga. (AP) — After sitting vacant for seven years, a 1,500-acre industrial site near Savannah landed its first manufacturer Monday as Mitsubishi Power Systems announced plans to produce giant steam and gas turbines in coastal Georgia. The company said it will begin construction before the end of the year on a $325 million plant that will employ about 500 workers.
SYRACUSE, N.Y. (AP) — A Cleveland investment group is offering the highest bid for an upstate New York steel mill going through bankruptcy reorganization. The group headed by Jack Jankovic of JP Industries says it would pay $8 million for the Crucible Specialty Metals steel plant in suburban Syracuse.
DAVENPORT, Iowa (AP) — About 5,000 retired workers are suing Deere and Co. for changes to their health benefits plan, saying the agricultural machinery manufacturer broke its promises. An attorney for the Flex Retirees Organization says in U.S. District Court in Davenport that the retirees thought they and their spouses would have medical benefits for life.
BISMARCK, N.D. (AP) — An analyst says the parent company of Bobcat Co., has been hurt by a global economic slump and by debt it took on when it purchased Bobcat two years ago. Bobcat, of West Fargo, has announced plans to close its Bismarck plant by the end of the year and consolidate its work to Gwinner, in southeastern North Dakota.
NEW YORK (AP) — Nektar Therapeutics said Monday it licensed a pair of experimental pain treatments to AstraZeneca PLC in a deal valued at about $1.12 billion. AstraZeneca will pay Nektar $125 million upfront for the rights to two drugs: NKTR-118, an oral product intended to treat constipation caused by opioid pain drugs, and NKTR-119, which is intended to combine NKTR-118 with opioid pain drugs to create a painkiller that doesn't cause constipation.
BRUSSELS (AP) — The European Union on Monday published e-mail excerpts from computer makers and Intel Corp. to show that Intel pressured chip buyers into choosing Intel over rival Advanced Micro Devices Inc. Intel was hit by a record EU antitrust fine of euro1.06 billion ($1.45 billion) last May for what the EU said was using strong-arm sales tactics such as threatening to withdraw price rebates to squeeze out AMD.
NEW YORK (AP) — Nearly two-thirds of union workers at a Canadian auto plant jointly owned by General Motors and Suzuki have approved a new contract that would freeze wages and pensions, trim benefits, introduce a monthly health care contribution and reduce break times. However, the new contract at the CAMI Automotive Inc.