The state Legislature passed a bill Thursday designed to make sure Alabama lands Airbus aircraft suppliers rather than its neighboring states. The Senate gave final approval to the bill 27-0 Thursday and sent it to the governor, who endorsed it and promised to sign it into law.
BP has appealed a federal judge's interpretation of settlement terms governing payouts to businesses that claim the company's massive 2010 oil spill in the Gulf of Mexico cost them money. BP asked the 5th U.S. Circuit Court of Appeals to review last month's ruling by U.S. District Judge Carl Barbier.
Missouri Secretary of State Jason Kander announced action Thursday against a financial management company connected to the failed Mamtek artificial sweetener plant in mid-Missouri. Kander filed a cease-and-desist order against Morgan Keegan & Co. Inc., which was the underwriter for bonds for the Mamtek project at Moberly.
A federal judge has dismissed all remaining claims against the company that made a key safety device on the drilling rig that exploded in the Gulf of Mexico in 2010, killing 11 workers and leading to the nation's worst offshore oil spill.
An Arkansas House panel has endorsed a proposal to cut taxes on manufacturers in the state. The House Revenue and Taxation Committee on Tuesday voted to approve the measure, sending it to the full House for consideration. The bill would reduce the sales and use taxes on natural gas and electricity used by manufacturers.
A man who worked for BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 testified Tuesday that he didn't believe the oil giant's employees were risking workers' safety when they didn't follow his recommendations.
The court-appointed claims administrator for a multibillion-dollar settlement between BP PLC and a team of private plaintiffs' attorneys asked a federal judge Monday to throw out the company's lawsuit against him. The suit that BP filed last month accuses Patrick Juneau of violating the settlement's terms in the way he is using a complex formula to determine payments.
Alaska is making its pitch to woo a Colorado company that has threatened to leave that state over new restrictions on firearms. Colorado Gov. John Hickenlooper last week signed bills that require background checks for private and online gun sales and ban ammunition magazines that hold more than 15 rounds.
Firearms manufacturers upset over newly restrictive gun laws and proposals in their home states are getting a message from other places: Move here, where the climate is favorable to your products and so are the tax codes. In New Hampshire, a group of conservative Republicans sent letters wooing gun companies.
China, Japan and South Korea are inching ahead with talks for a free trade zone that would rival the European Union and North America in economic heft. Despite the achievement of setting aside their often acrimonious relations to begin negotiations, progress will be slow. An agreement to start talks took 10 years.
A major producer of ingredients used in nylon and fertilizer agreed Thursday to pay a $3 million civil penalty for alleged air pollution violations at its Hopewell plant. The agreement between federal authorities and Honeywell Resins and Chemicals LLC was filed in U.S. District Court in Richmond. The consent decree is subject to court approval.
The Obama administration will unveil a proposal Friday to clean up gasoline and automobile emissions, a step that officials say will result in cleaner air across the U.S. and slightly higher prices at the pump. The EPA estimates that the rule to reduce sulfur in gasoline and tighten emissions standards on cars beginning in 2017 could increase gas prices by less than a penny per gallon and add $130 to the cost of a vehicle in 2025.
A Buffalo-area industrial plant and its environmental control manager have been convicted of violating federal clean air laws and other environmental regulations. The U.S. Attorney's Office says a federal jury Thursday found the Tonawanda Coke Corp. guilty of 11 counts of violating the Clean Air Act and three counts of violating the Resource Conservation and Recovery act.
The U.S. has taken its first real swipe at China following accusations that the Beijing government is behind a widespread and systemic hacking campaign targeting U.S. businesses. Buried in a spending bill signed by President Barack Obama on Tuesday is a provision that effectively bars much of the U.S. government from buying information technology made by companies linked to the Chinese government.
Mobile phone manufacturer Nokia is disputing a $368 million bill levied by tax authorities in India, the Finnish company said Thursday. Nokia Corp.'s India unit said it will "defend itself vigorously" and is "in full compliance with local laws as well as the bilaterally negotiated tax treaty between the governments of India and Finland."
DuPont Co. has dropped a federal lawsuit accusing sports equipment maker Easton-Bell Sports of misusing the Kevlar trademark in packaging for bicycle tires and locks. But the fight may not be over. DuPont's filing Thursday dismissing the lawsuit comes two days after a federal judge in California refused to dismiss or transfer to Delaware a lawsuit filed by Easton-Bell.
The U.S. Environmental Protection Agency announced Tuesday that it has reached a settlement worth at least $21.5 million with aerospace supplier Goodrich Corp. that will require the company to clean up a Southern California industrial site where chemicals contaminated the water supply.
The West Virginia Senate Finance Committee has endorsed Gov. Earl Ray Tomblin's plan to eliminate state tax credits for electric cars and other alternative fuel vehicles. Tomblin's bill was briefly overhauled by the Senate Transportation Committee earlier this week, before being restored by the Finance Committee on Tuesday.
Mississippi lawmakers are considering giving a development agency the capacity to use $100 million in bonds toward the construction of buildings for suppliers of Nissan Motor Co.'s Canton plant. Two Senate committees voted Tuesday in favor of Senate Bill 2920.
BP's cement contractor on the drilling rig that exploded in the Gulf of Mexico in 2010 said Tuesday that its recent discovery of missing cement samples was the result of a "simple misunderstanding," not an attempt to withhold crucial evidence.
The former CEO of a failed artificial sweetener facility has been released from a Missouri jail after posting $10,000 bail while awaiting trial on theft and fraud charges, officials said Tuesday. Bruce Cole was released Monday after the cash bail was paid, Randolph County jail officials said.
Japan and the European Union agreed Monday to start negotiations for a free-trade pact encompassing nations that account for nearly a third of the world economy. A Japan-EU summit set to begin Monday in Tokyo was shelved because of the financial crisis in Cyprus.
Boeing's comments about the smoldering batteries on its 787 have annoyed the National Transportation Safety Board. Boeing gave its own account of two battery incidents, which included a fire, at a detailed press briefing in Tokyo last week.
The Indian unit of Ford Motor Co. has apologized for advertisements decried as demeaning to women, including one depicting Italy's former Prime Minister Silvio Berlusconi with a trio of bound women in the trunk of a car. A Ford India spokeswoman said Monday that the company is investigating whether anyone at the automaker ever saw the print ads.
Bruce Cole, 65, the former chief executive of Mamtek U.S. Inc., has been accused of perpetrating a massive fraud by persuading Moberly to issue $39 million in bonds and the state to authorize up to $17 million of incentives to fund an artificial sweetener facility that collapsed financially before construction finished.