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Boeing Gets $4B Helicopter Pact From Army
June 11, 2013 10:24 am | News | CommentsBoeing has received a $4 billion, multi-year contract from the Army for 177 CH-47F Chinook helicopters. The Army has options to buy up to an additional 38 helicopters. Deliveries are expected to start in 2015. The order will bring the Army's CH-47F inventory close to its goal of 464 aircraft, including 24 for replacements.
Dole CEO Makes Buyout Bid
June 11, 2013 10:22 am | News | CommentsDole Food's Chairman and CEO David Murdock and his family are offering to buy the business with a bid that values the entire company at approximately $1.07 billion. Shares of the fresh fruit and vegetable company jumped in premarket trading on Tuesday.
U.S. Wholesale Stockpiles Rise In April
June 11, 2013 10:20 am | by Martin Crutsinger, AP Economics Writer | News | CommentsU.S. wholesalers increased their stockpiles in April and their sales rebounded from a big decline in March, positive signs for economic growth. The Commerce Department says stockpiles at the wholesale level rose 0.2 percent in April. That followed a 0.3 percent gain in March.
Marlboro Maker Jumping Into E-Cigarettes
June 11, 2013 10:15 am | by Michael Felberbaum, AP Tobacco Writer | News | CommentsIt's the last of the nation's major tobacco companies to market an electronic cigarette in an industrywide push to diversify beyond the traditional cigarette business, which has become tougher in the face of tax hikes, smoking bans, health concerns and social stigma.
Sony Takes Aim At Microsoft With PlayStation 4
June 11, 2013 8:16 am | by Lou Kesten, Associated Press | News | CommentsSony broke out the heavy ammunition Monday against Microsoft, announcing its forthcoming PlayStation 4 will cost $399 — $100 less than the competing Xbox One. "The gaming landscape is changing with new business models and new ways to play," said Andrew House, president and CEO of Sony Computer Entertainment.
Brazil Gov't To Perform Crash Tests After AP Report
June 11, 2013 8:12 am | by Bradley Brooks, Associated Press | News | CommentsAfter a decade of spiking fatalities from passenger car wrecks, the Brazilian government said Monday it plans to build its first auto crash test facility in an effort to improve the poor safety record of vehicles built and sold in the world's fourth-largest automobile market.
SF, NY Officials Wait To Judge Apple 'Kill Switch'
June 11, 2013 8:09 am | by Terry Collins, Associated Press | News | CommentsSan Francisco District Attorney George Gascon and New York Attorney General Eric Schneiderman have been asking the leading wireless device makers to create a "kill switch" that would render stolen phones useless. The prosecutors said they aren't judging Apple's new activation lock feature until they can fully determine its effectiveness.
Last Engineer Let Go At Idaho Hoku Plant
June 11, 2013 8:03 am | News | CommentsAn estimated $400 million polysilicon plant in eastern Idaho now has only eight workers, all security guards, after its last engineer exited last month amid dwindling hopes the facility will ever produce materials for solar panels.
Boeing: World Air Fleet To Double In 20 Years
June 11, 2013 8:01 am | by Lori Hinnant, Associated Press | News | CommentsBoeing predicted that the number of commercial aircraft in operation globally will double in the next two decades, with the bulk of some 35,000 new planes going to Asia, an executive from the US airplane-maker said Tuesday.
Conn. Lawmakers Join Fight Over 1st Flight
June 11, 2013 7:54 am | by Stephen Singer, Associated Press | News | CommentsConnecticut's leading role in aviation has never been disputed, but legislators have passed a bill insisting that a Connecticut aviator flew two years before the Wright brothers at Kitty Hawk, N.C. The measure is the latest twist in an effort to credit the first successful airplane flight to German-born aviator and Bridgeport resident Gustave Whitehead.
SF Sues Gun Companies Over High-Capacity Magazines
June 11, 2013 7:51 am | News | CommentsSan Francisco is suing three gun accessories companies and one gun show promoter, alleging they sold disassembled high-capacity magazines disguised as repair kits in violation of California law, the city attorney said Monday.
Apple Revamps Look Of iPhone, iPad Software
June 11, 2013 7:48 am | by Michael Liedtke and Peter Svensson, AP Technology Writer | News | CommentsApple is throwing out most of the real-world graphical cues from its iPhone and iPad software in what it calls the biggest update since the iPhone's launch in 2007. The new operating system, called iOS 7, strives for a clean, simple, translucent look. Apple is redesigning all its applications and icons to conform, driven by long-time hardware design chief Jony Ive.
NM AG Says Slaughter Of Some Horses Illegal
June 11, 2013 7:43 am | by Jeri Clausing, Associated Press | News | CommentsIn an opinion issued Monday, King says the slaughter of horses with certain drugs in their system would be a violation of the state's adulterated food act. Those drugs, he says, would include an anti-inflammatory commonly found in racehorses, and medications used to treat bacterial, parasitic and viral infections.
Judge Sides With GM, Dismisses Spyker Lawsuit
June 11, 2013 7:41 am | by Dee-Ann Durbin, AP Auto Writer | News | CommentsA federal judge has 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.
Timken Panel To Review Steel Business Strategy
June 11, 2013 7:39 am | News | CommentsTimken Co. said Monday it has formed a strategy committee to consider separation of steel business from its bearings businesses. The committee is made up Joseph Ralston, who will serve as chair of the panel, and the other eight independent and non-Timken family members of the board of directors. Goldman Sachs will assist the committee in its evaluation.
Why Rising Commodity Prices Increase Pressure on Labor Costs
June 10, 2013 4:24 pm | by Kronos | White Papers | CommentsRising commodity prices would normally appear to be a good thing for manufacturers and distributors, as the costs could be passed down the supply chain to generate a profit. But organizations must also take into consideration the associated labor and overhead costs, creating a new cost control and workforce management challenges. Which strategies help develop a competitive cost advantage? Read more.
Jeep Returns To OH Factory Site 70 Years Later
June 10, 2013 2:25 pm | by Tyrel Linkhorn, The Blade | News | CommentsAfter spending the last seven decades in Italy, a World War II-era Jeep returned home to Toledo last week, 70 years to the day after it rolled off the production line.Vittorio Argento, an Italian radio journalist and military vehicle enthusiast, shipped the carefully restored vehicle across the Atlantic Ocean.
Chrysler Recalls 15,000 Darts
June 10, 2013 2:00 pm | News | CommentsChrysler says it's recalling about 15,000 Dodge Dart compact cars worldwide because they could stall in cold temperatures. The recall affects 2013 model year cars with 1.4-liter four-cylinder engines and dual-clutch automatic transmissions.
China Marks Decade Of Human Spaceflight
June 10, 2013 1:23 pm | by Christopher Bodeen, Associated Press | News | CommentsChina's astronauts have braved the tension of docking with a space station and performed delicate tasks outside their orbiting capsule, but now face a more down-to-earth job that is perhaps equally challenging: Talking to young people about science.
Cleanup Work After BP Oil Spill Ends In 3 States
June 10, 2013 1:20 pm | News | CommentsCleanup work has ended in three of the states affected by BP PLC's massive 2010 oil spill in the Gulf of Mexico, the company said Monday. The London-based oil giant said the Coast Guard has concluded "active cleanup operations" in Mississippi, Alabama and Florida, but the work continues along 84 miles of Louisiana's shoreline.
