Slow boat sales and the poor economy have forced boat engine maker to cut 60 jobs and temporarily shut down production in Fond du Lac, Wis.
'I think the facts will show there was a poor understanding of the hazards of combustible dust throughout the industry, as well as within OSHA itself,' said John Sheptor.
Under the Bush administration's new forecasts, gross domestic product is estimated to grow by only 1.6 percent this year, down from a 2.7 percent growth projection made in February.
General Motors said Monday it will cut production by another 117,000 vehicles, citing continued weakness in consumer demand for pickup trucks and sport utility vehicles.
Wellington, Fla.-based company said it will combine Honeywell’s Consumables Solutions unit with its own distribution business.
Privately-held maker of laser-based systems for defense and aerospace companies, bought by Lockheed to strengthen its offerings in guided munitions, airborne self-protection and advanced sensors.
Kellex Corp. is opening a manufacturing facility in Valdese, N.C., with plans to create 50 jobs over the next three years.
Company will restructure its home and networks mobility unit into three separate businesses the company said Monday.
Less than six months after the facility was struck by a tornado, Caterpillar has rebuilt a Mississippi plant that makes parts for the company’s machinery.
Bottler for Coca-Cola beverages said Monday it appointed Steve Cahillane as the new president of its North American business division.
Biotechnology company said Monday its chief financial officer and vice president of finance, J. David Boyle II, resigned to take a position at another company.
Canadian arm of Ford Motor Co. has been fined $175,000 for an industrial accident in September 2006 at its facility in Oakville, Ontario.
Despite credit turmoil, mergers and acquisitions in the food industry are increasing as a result of the weakened U.S. dollar attracting more foreign buyers, according to research conducted by Grant Thornton Corporate Finance.
Founder Vern Raburn is stepping down as the very light jet manufacturer's chief executive officer.
Biotechnology company said Monday that Chief Executive Dr. Michael G. Kauffman resigned to pursue other interests.
Lee Hart, a battery engineer, has been working on a design for an electric car he hopes can be copied and built by average people.
Anglo-Dutch company said Monday it has agreed to sell its North American laundry detergents business to a private equity investor for $1.45 billion.
Shortage of qualified workers, limited access to capital and lack of space hinder the state’s bioscience industry, but organizing efforts are helping address the challenges holding it back.
Emirates Airlines took delivery Monday of the first of 58 Airbus A380 superjumbo planes it has ordered and said it had signed a deal to buy 60 more aircraft.
U.S. trade official criticized India for rejecting the package laid out by WTO chief Pascal Lamy, and China for backing out of terms it committed to last week.