A suburban Indianapolis city has filed a foreclosure lawsuit against a pharmaceutical company that failed to open after receiving $8.4 million in loans and other assistance from the city. Greenwood officials had tried for months to help with talks involving possible investors in hopes of saving Elona Biotechnologies before deciding to file the lawsuit, Mayor Mark Myers said.
The Federal Emergency Management Agency is refusing to provide additional money to help rebuild the small Texas town where a deadly fertilizer plant explosion leveled numerous homes and a school, and killed 15 people. According to a letter obtained by The Associated Press, FEMA said it reviewed the state's appeal to help but decided that the explosion "is not of the severity and magnitude that warrants a major disaster declaration."
A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co. Spyker sued GM last August, accusing it of unfairly blocking a deal to let a Chinese buyer take over Swedish carmaker Saab. GM sold Saab to Spyker in 2010. Saab filed for bankruptcy protection less than a year later after GM blocked its sale to a Chinese automaker.
Attorneys for Exxon Mobil Corp. and Exxon Pipeline Co. have filed a motion asking for dismissal of a lawsuit by Mayflower residents over a recent oil spill. ExxonMobil Pipeline's Pegasus pipeline ruptured March 29 and spilled thousands of barrels of oil in the town about 25 miles northwest of Little Rock and forced the evacuation of about 20 homes.
A South Korean company's arraignment on charges of stealing the Kevlar body armor recipe from the DuPont Co. has been postponed. Kolon Industries was set for arraignment Friday in U.S. District Court in Richmond. That hearing has been changed to a status conference.
Attorneys for a South Korean company accused of stealing the Kevlar body armor recipe from the DuPont Co. are due in federal court in Virginia. Kolon Industries will be arraigned Friday morning in U.S. District Court in Richmond. Kolon is charged in a six-count federal indictment with theft of trade secrets, conspiracy to convert trade secrets and obstruction of justice.
Federal authorities say a Mahwah man was planning to go to India with a New Jersey company's stolen trade secrets for self-administered disposable pens. U.S. Attorney Paul Fishman announced Wednesday that 36-year-old Ketan Maniar, an Indian national, was charged with stealing trade secrets for his own economic benefit from a worldwide medical technology company headquartered in Franklin Lakes.
Top law enforcement officials from San Francisco and New York plan to meet with some of the largest U.S. smartphone makers next week to help thwart the rise in cellphone thefts and robberies. San Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman announced Wednesday that their meeting scheduled to take place in New York City on June 13 will be dubbed a "Smartphone Summit."
A U.S. trade agency on Tuesday issued a ban on imports of Apple's iPhone 4 and a variant of the iPad 2 after finding the devices violate a patent held by South Korean rival Samsung Electronics. Because the devices are assembled in China, the import ban would end Apple's ability to sell them in the U.S.
Republican U.S. Senate candidate Gabriel Gomez pressed for a cut in the corporate tax rate after a tour of textile-maker Polartec. The company has rebounded from a massive fire in 1995 that destroyed the plant, and two subsequent bankruptcies. It now faces new challenges brought on by the decline in defense-related business resulting from the winding down of foreign wars and the automatic federal budget cuts that went into effect in March.
A defiant Chrysler is refusing a government request to recall about 2.7 million sport utility vehicles to fix fuel tanks that could leak and cause fires in rear-end collisions. Chrysler said Tuesday that the National Highway Traffic Safety Administration has asked in a letter that the company recall Jeep Grand Cherokees from 1993 through 2004 and Jeep Libertys from 2002 through 2007.
Porsche's ex-finance chief has been convicted of fraud after a court found he provided false information during the German sports car marker's failed 2009 attempt to take over Volkswagen AG. Former Porsche CFO Holger Haerter was fined an unspecified amount after being found guilty Tuesday by a Stuttgart state court, the dpa news agency reported.
Italy's industry minister says the government is preparing an emergency decree to temporarily take over Europe's largest steel mill, which is beset by environmental and corruption scandals. Flavio Zanonato said Tuesday that it had become clear that the cleanup of the plant cannot be conducted by those responsible for the environmental emergency.
A Montana couple is appealing a judge's dismissal of their lawsuit against gun manufacturer Remington claiming a 1989 shooting that left a man paralyzed was caused by a defect in a rifle. U.S. District Judge Richard Cebull ruled on April 29 that time had run out on the claim by Brad and Dianna Humphrey of Fairfield.
State regulators have given initial approval for a major expansion at a western Iowa fertilizer manufacturer. The Iowa Department of Natural Resources has issued draft air quality permits for the $1.7 billion expansion planned by CF Industries south of Sergeant Bluff.
Two BP rig supervisors charged in the deaths of 11 workers in the Deepwater Horizon disaster claim the manslaughter counts in their indictment must be dismissed because they don't apply to conduct on a foreign-owned vessel operating outside U.S. territory.
A more than decade-long legal battle over environmental claims involving South Bend's former Studebaker Corp. auto plant and another shuttered manufacturer has been settled under an agreement calling for an insurer to pay the city several million dollars.
Legislation was headed to Gov. Maggie Hassan on Thursday that gives New Hampshire auto dealers protections in their dealings with their manufacturers. Without discussion, the Senate voted to accept changes the House made to the bill. Both chambers passed the bill by overwhelming margins.
Alcoa Inc. and South Carolina's state-owned utility have agreed to continue talks on a new power contract for the company's aluminum plant outside Goose Creek. Alcoa and Santee Cooper said Thursday they have agreed to extend the company's power contract deadline until the end of the year.
Democratic state lawmakers have asked Republican Gov. Dennis Daugaard for information on the state's $5 million contract with a national recruiting firm that was hired to find new workers for hard-to-fill jobs in the state. The Democrats want information about the program's expense, the contract with ManpowerGroup, the number and type of jobs filled, and the wages paid for those jobs.
Ending an environmental investigation that lasted nearly a decade, Wal-Mart Stores Inc. has pleaded guilty to improperly disposing of pesticides, fertilizer and other hazardous products and will pay a fine of $81.6 million. The company entered the guilty plea in federal court in San Francisco Tuesday to misdemeanor counts of violating the Clean Water Act and a law regulating pesticides.
North Korea relaxed state control of salaries last month, a government economist said, outlining a change in policy intended to boost production by giving companies latitude to provide workers with financial incentives. Ri Ki Song, a professor at the Institute of Economics at North Korea's Academy of Social Sciences in Pyongyang, said enterprises are now allowed to use some of their earnings to pay workers more.
German Chancellor Angela Merkel said Sunday she would use her country's economic clout to prevent the European Union from imposing punitive tariffs on some Chinese products to avoid a trade war. Germany will push for "very intense talks" between the EU and China to seek a negotiated solution as swiftly as possible, the leader of Europe's biggest economy told visiting Chinese Premier Li Keqiang.
Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online.
The Burleigh County Commission has agreed to give Midwest Manufacturing a 50 percent property tax break for three years on a $7.5 million manufacturing plant it plans to build in McKenzie Township. Midwest Manufacturing is a subsidiary of Menards. The Bismarck Tribune reports that the company plans to build the wood products and distribution facility along state Highway 10.