The 180-year-old New England company that made the little bell that rings every time an angel gets its wings in the Christmas classic "It's a Wonderful Life" has resumed production in time for the holidays, four months after its 19th-century factory burned down.
Google is broadening job cuts from its Motorola Mobility unit outside the U.S. and will take $390M in severance costs and other charges related to the layoffs. The Motorola restructuring is now expected to "include additional geographic regions outside of the U.S.," Google said in a filing by Google with the Securities and Exchange Commission, but the online search leader is not adding to the 4,000 layoffs announced in late August.
Boeing Co. and the commercial aircraft leasing and financing arm of General Electric Co. have agreed on a firm order for 85 737s. The planes are worth $6 billion at list prices, although discounts for major customers are common. The order includes 75 737 MAX 8s and 10 Next-Generation 737-800s.
Sharp Corp. plans to drastically reduce production of liquid crystal display panels for televisions at its plant in Mie Prefecture and shift the focus to producing LCD panels for smartphones, the company's restructuring plan showed Wednesday.
Hallmark Cards Inc. will close its Topeka manufacturing plant and shed about 300 jobs as it consolidates its Kansas operations at its remaining facilities in Lawrence and Leavenworth, the company announced Tuesday. The Kansas City, Mo.-based greeting card company said the number of people working at its Kansas plants will fall from about 1,300 now to about 1,000 when consolidation is finished by the end of next year.
Federal and state officials say a southern New Jersey glass manufacturer has agreed to pay $300,000 in civil penalties to settle allegations that it violated air pollution standards. Durand Glass Manufacturing Co. made no admission of violations under the agreement announced Monday. The settlement, though, won't take effect until a federal judge approves it.
Johnson & Johnson is expanding operations in Puerto Rico. The company and the governor of the U.S. island territory jointly announced an expansion of four existing plants that will add 308 jobs. A Johnson & Johnson spokesman said the company based in New Brunswick, New Jersey would invest up to $225 million to add capacity at two plants in the town of Gurabo and one each in Manati and San Lorenzo.
Electric car maker Fisker Automotive is talking with other car companies about sharing parts and technology. The company, based in Anaheim, Calif., is also preparing for a public offering of stock that would help it raise money for new vehicles, Fisker's new CEO Tony Posawatz said Monday during a speech to the Automotive Press Association.
Maruti Suzuki India Ltd., the Indian arm of Japan's Suzuki Motor Corp., said Monday its domestic sales in September grew 12.7 percent from a year earlier to 88,801 new cars, after a sharp 35 percent drop in August affected by worker violence.
The chief executives of BAE Systems PLC and EADS NV sought to drum up support Monday for the merger of their two aeronautics and defense companies in the face of growing criticism to the deal, saying in a joint newspaper article an agreement would help both organizations grow.
Canadian auto workers at Chrysler ratified a new contract with the automaker, the auto union said Sunday. The Canadian Auto Workers union said 90 percent of those voting approved the tentative deal that was reached last week. It was not immediately clear how many of the 8,000 workers at Chrysler's plants in Ontario cast ballots in the ratification vote held this weekend.
A long-running legal fight involving allegations that Hawker Beechcraft made false statements and misrepresentations in the sale of military aircraft to the United States is now dogging the company's bankruptcy proceedings in New York. Former employees of a subcontractor of Hawker Beechcraft sued the company more than five years ago under the False Claims Act.
ExxonMobil said Thursday a $200 million project to expand two of its Louisiana chemical and lubricant plants will bring more than 400 construction and full-time jobs to the state over the next two years. Company officials say construction on the chemical and lubricants plants in Baton Rouge and Port Allen will begin at the end of the year.
Manufacturing Day will highlight the importance of manufacturing to the nation’s economy and draw attention to the rewarding, high-skill jobs available in manufacturing fields. Through open houses, tours, career workshops, and other events held at participating facilities on October 5, MEP and other sponsors hope to introduce as many as possible to the important role played by manufacturing.
Sergio Marchionne thinks Europe's carmakers can only survive if they reduce their enormous overcapacity together, rather than retreating behind national borders to find piecemeal solutions. Marchionne wants the European Union to coordinate continent-wide restructuring because when individual countries get involved, they only save plants on their home turf and end up injecting money to prop up hometown companies.
Spirit AeroSystems Holdings Inc. and its unions asked a federal court Tuesday to dismiss the workers' claims against the Wichita aircraft maker, agreeing there is not enough evidence to support the class-action lawsuit it faces over pension benefits.
Ford Motor Co. said Tuesday it plans to cut several hundred salaried workers in Europe as part of a larger restructuring in the money-losing region. The company is offering voluntary buyout programs in Germany, the U.K. and the rest of Europe. It's also cutting temporary salaried positions and some outsourced services.
Research In Motion CEO Thorsten Heins is promising to restore the BlackBerry phone's stature as a trailblazing device even as many investors fret about its potential demise. Heins took the stage Tuesday at a conference for mobile applications developers to rally support for the upcoming release of BlackBerry 10, a new operating system that Research In Motion Ltd. is touting as its salvation.
The mobile phones made by RIM hold the dominant market share in both Nigeria and South Africa, two of the biggest economies on the African continent. Now opening an office in Nigeria, RIM hopes to hold onto that African advantage as its sales in Western nations tumble, company officials say.
Italian carmaker Fiat has restated its commitment to remain in Italy and says it will refocus its Italian plants on exports. Fiat, which controls U.S. carmaker Chrysler, made the assurances Saturday after CEO Sergio Marchionne met with Premier Mario Monti amid growing concerns that the crisis would force plant closures.
Project management typically has five stages. Some project managers make mistakes during one or more of those stages, which can sabotage the chance of a successful outcome and have disastrous results for everyone involved. Here are two of the most common mistakes — and ways to avoid them — during each of the five stages. Which ones have you made?
The first of the new stores was set to open Friday in Garden City, N.Y. The location is expected to include interactive displays and design studios where customers can design their own Tesla Model S sedan on a large touchscreen and then view it on an 85-inch video wall.
A wind energy equipment manufacturer says it will lay off 615 workers in Iowa, Kansas and Florida in part because Congress has not renewed a tax credit for wind energy. Siemens Energy Inc. says it told workers the news Tuesday at plants in Fort Madison, Iowa; Hutchinson, Kan., and Orlando, Fla.
The head of the Canadian Auto Workers said late Tuesday there has been significant progress toward a new labor deal with General Motors and said the Detroit automaker is waiting for a counter-proposal from the union. CAW President Ken Lewenza said they will make the offer Wednesday. He also said they've made progress with Chrysler, but not as much as they've made with GM.
Energizer Holdings Inc., which makes batteries, flashlights, and other consumer products, plans to cut jobs and lower its overhead spending as part of its efforts to reduce costs and improve its financials. The St. Louis company's stock rose $6.40, or 9.4 percent, to $74.32 in morning trading on Tuesday. The shares have traded in a 52-week range of $62.98 to $80.36.