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.
BP asked a federal judge Thursday to sanction its cement contractor on the ill-fated Deepwater Horizon drilling project, accusing the company of withholding critical evidence that could have been used at the ongoing trial over the nation's worst offshore oil spill.
A federal judge conducting a trial to assign fault for the nation's worst offshore oil spill dismissed claims Wednesday against a BP contractor and the company that made a key safety device on the drilling rig that exploded in the Gulf of Mexico, triggering the disaster.
A Colorado company vowed to begin making ammunition magazines outside the state within the next month following the passage of sweeping gun control laws. Magpul Industries said Wednesday it will make good on its previous threat to move to another state, the Denver Post reported.
Today an alcohol breath tester in your car is a huge stigma, but a group is considering making them standard in all cars. A group called DADSS (Driver Alcohol Detection System for Safety), which is partly backed by the federal government, wants all drivers of the future to prove they are sober before getting behind the wheel. Cnet's Brian Cooley explains.
The Senate pressed ahead Wednesday on a huge, bipartisan spending bill aimed at keeping the government running through September and ruling out the chance of a government shutdown later this month. Chamber leaders were increasingly confident that a logjam that has stalled the bill since Tuesday would be broken.
The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature still needs to approve $125 million in state financing for the proposed Big River Steel mill to be built near Osceola.
Walk through the latest trends in safety equipment and compliance issues relating to the manufacturing environment, including an analysis on investment requirements for meeting regulations, a look at how new PPE design elements translate to better adoption on the plant floor, a review of recent safety disasters, and an outline of resources that can help manufacturers continuously improve their safety programs.
As Boeing, its airline customers and federal safety regulators struggled over the past two months to solve problems with the new 787 Dreamliner's fire-plagued batteries, one player has been strangely silent: Congress. Despite the plane's grounding and the safety issues raised by its cutting-edge technology, there have been no congressional hearings or news conferences focusing on the problems.
Executives from clean-energy companies asked Oregon lawmakers Monday to continue the state's clean fuels program beyond its expiration in 2015, saying they need the Legislature's blessing to help their budding industry take root. They faced off with oil companies and large-volume fuel users who implored lawmakers to hold off, saying the state is moving too fast and risks raising fuel costs significantly with an unworkable policy.
A Chinese national who worked at NASA's Langley Research Center has been arrested on a plane bound for Beijing on charges of lying to federal agents. Bo Jiang made his initial appearance Monday in Norfolk federal court. It wasn't immediately clear whether Jiang had an attorney.
The union for 7,400 Boeing technical workers counts ballots Monday night in the re-vote on a contract that would replace pensions with a 401(k) retirement plan. The technical unit split with engineers represented by the Society of Professional Engineering Employees in Aerospace in the Feb. 19 vote. The 15,500 engineers approved a new four-year contract.
The owner of the drilling rig that exploded at the outset of the 2010 Gulf of Mexico oil spill catastrophe started its defense Monday at a trial designed to determine the disaster's causes and assign fault to the companies involved. Transocean Ltd. called its first witness, well control expert Calvin Barnhill, on the 13th day of the trial.
BP sued Friday to block what could be billions of dollars in settlement payouts to businesses over the 2010 Gulf of Mexico oil spill. The London-based oil giant accused the court-appointed administrator for the settlement, Patrick Juneau, of trying to rewrite the terms of the deal. BP said Juneau violated the settlement in the way he used a complex formula to determine the payments to businesses.
A bill before the Legislature would set up a state database to track the use of 19 chemicals in manufactured products shown to be harmful to children, and work with manufacturers to phase out use of the chemicals over five years. The bi-partisan bill is patterned after a law in Washington state.
With its long vacations, short hours and myriad workers' rights, France has a reputation for being a hard place to do business. Now add this to the mix: A law working its way through parliament would grant amnesty to workers who have ransacked their company's offices or threatened their bosses during a labor dispute.
CBS News legal analyst Jack Ford speaks to the CBS This Morning co-hosts about Google's settlement in the Wi-Fi spying case, and what it means for the search-engine giant. A program gave Google the power to intercept emails, passwords, and other information through unsecured Wi-Fi networks.
The president of one of the nation's oldest gun manufacturers closed down his Connecticut factory Thursday morning and bused 400 of his workers to the state Capitol so they could personally urge lawmakers not to pass gun control legislation that they say could risk their livelihoods.
Teva Pharmaceuticals USA Inc. will pay a $2.25 million penalty for violations that included allowing fluorescent green discharge into a river at its plant in northeast Missouri, state and federal officials said Thursday. Teva makes antibiotics at a plant outside of Mexico, Mo., about 120 miles northwest of St. Louis.
Thousands of workers protested in Brussels on Thursday to demand that EU leaders gathering for a summit bring an end to austerity measures and instead focus on boosting growth and reducing unemployment. The demonstration vented frustration over years of austerity imposed by EU leaders that unions and many economists say is worsening the recession and driving ever more people into unemployment and poverty.
The Dreamliner may still be grounded, but Boeing's stock has come roaring back lately as investors feel the worst is over. It's now outperforming the Dow. The FAA has given Boeing the go ahead on new solutions for the lithium battery issue, and that may be boosting investors' confidence in the company again.
A Boeing plan to redesign the 787 Dreamliner's fire-plagued lithium-ion batteries won approval Tuesday from the Federal Aviation Administration, moving the cutting-edge planes a step closer to flying passengers again. The plan includes changes to the internal battery components to minimize the possibility of short-circuiting, which can lead to overheating and cause a fire.
British authorities have opened an investigation into Hewlett-Packard's allegations that the personal computer maker was duped when it bought business software maker Autonomy, according to regulatory documents filed Monday. The inquiry by the U.K. Serious Fraud Office is the latest legal fallout from a deal that has saddled Hewlett-Packard Co. with massive losses and depressed its stock price.
Kansas legislators have jumped into a tax dispute over refineries and fertilizer and cement plants, but critics worry that helping their operators could pinch local governments and hurt homeowners and small businesses. A bill before the Kansas House would revise a state law on how counties value machinery and equipment in complex manufacturing plants when levying property taxes.
Facing public outrage over smog-choked cities and filthy rivers, China's leaders are promising to clean up the country's neglected environment — a pledge that sets up a clash with political pressures to keep economic growth strong. An array of possible initiatives discussed by officials and state media ahead of this week's meeting of China's legislature include tightening water standards and taxing carbon emissions.