Residents of Midland, Texas enjoy the second highest personal incomes in the United States, thanks to a booming oil and gas industry. Unemployment in Midland is less than half the national average at 3.5 percent. If people in Midland don't have a job, it's because they don't want to work, say the residents.
BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd. BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share. But while the smartphone maker has agreed to a takeover bid, its struggles are far from over.
The latest figures show Japan's exports climbing - so what's got the country's manufacturers feeling worse? Reuters' Yonggi Kang reports on the darker side of the country's trade picture and what exactly it takes to keep Japan's companies happy.
3D printing is going further and further every day, and perhaps soon, to a galaxy far, far away. NASA is using 3D printing technology to build complicated rocket components faster and cheaper. NASA is currently testing a rocket engine, it's thruster produced by a 3D printer.
A collaboration between French company Induct and a Singapore university aims to replace conventional shuttle buses with a driverless, electric alternative. The team are currently testing the vehicle on a two kilometer test route virtually devoid of other traffic, but hope eventually to increase its range.
Japan was one a country of innovative entrepreneurs who turned 'made in Japan' into a synonym of quality and advanced technology. The CEO of Japan's leading electric motorcycle maker speaks to Reuters' Yonggi Kang about its international expansion drive, and why the country's start-up culture may be poised for a renaissance.
Lei Jun might not be a household name outside of China, but he has turned his company into one of China's most watched brands. Xiaomi founder Lei Jun is running an innovative technology giant in China, but he's quick to point out the differences from Apple.
Can a hamster drive a 15-ton truck? Watch cute little Charlie steer a brand new Volvo FMX in a rough quarry. Will he make it to the top? This is a daring test of the latest steering system. One that's so easy to handle you can steer a heavy truck with your fingertips.
Among the teams competing in next month's 3000 kilometer World Solar Challenge race across Australia, is a group from the University of New South Wales that's built a solar-powered vehicle designed to look like a conventional car. In a field dominated by vehicles that look anything but conventional, the car provides a glimpse of what we could be driving on the roads in years to come.
A massive solar project in the Mojave Desert will hook up to the power grid this weekend, and could start supplying electricity to homes by the end of the year. The plant has 170,000 heliostats, each with the capacity to power one home.
Chattanooga, Tenn., beat out 400 other cities to be the home of a new VW plant five years ago, which created jobs for 2,500 people. Jessica Davis is one of the workers who belong to the manufacturing middle class America is trying to rebuild. CBS News' Mark Strassmann reports.
Industrial Automation North America made its debut as a co-located show with IMTS in 2012. It will make its return in 2014, showcasing the best in process, factory, and building automation. Larry Turner, President & CEO of Hannover Fairs USA, explains why they have decided to bring the Industrial Automation NA and MDA NA to IMTS 2014 and what you can expect to see there.
Daimler has unveiled its much anticipated self-driving Mercedes Benz at the Frankfurt International car show. The auto maker has been making incremental improvements to its autonomous technology, saying the car, driving with limited autonomy, performed well on a recent 100 km test drive through Germany. Daimler plans to have a fully autonomous vehicle available to consumers by 2020.
The Moto X smartphone is now being manufactured out of a new facility in Fort Worth, Texas. Gov. Rick Perry and top executives attended the opening of a Fort Worth plant where cellphone pioneer Motorola will produce the first smartphone ever assembled in the U.S.
In the early part of the 20th century, if you were buying a very expensive, luxury car, you'd probably commission a car to be made just for you. The 1928 Mercedes Saoutchik has seats covered in lizard skin, is powered by a 6.8 liter super-charged 6-cylinder engine, and recently sold for over $8 million.
A remote monitoring system from product development firm Cambridge Consultants is helping conservationists at the Zoological Society of London (ZSL) combat poachers and track rare animals in the wild. The Instant Wild project uses the Iridium satellite communication network to transmit near-real-time images from motion-triggered cameras in the remotest areas of Africa.
A new report finds that the implementation of advanced manufacturing in the American South could help the region realize its economic potential and make a vital contribution to an industry-led strategy for a revival in U.S. economic fortunes.
Brothers Marc and Shanon Parker took their love for sci-fi and comic books and started Parker Brothers Concepts, where they manufacture outrageous, street-legal vehicles for Hollywood and TV shows. According to the Parkers, they build the "strange and unusual."
What has the U.S. learned five years after the financial collapse? Banking analyst Meredith Whitney and the Financial Times' Tom Braithwaite join Morning Joe to discuss. Has America steered itself out of the recession?
BBC's Richard Hammond drives a car into a reservoir, and explains how it has been specially designed and built for this purpose. Despite a few leaks, it does actually 'drive' underwater. A car that transformed into a submarine in the James Bond movie "The Spy Who Loved Me" was recently sold at a London auction for 550,000 pounds ($865,000).