News
Baby Food Shortage In Europe Due To China Demand
April 26, 2013 1:26 pm | by Kirsten Grieshaber, Associated Press | CommentsChinese demand for foreign brands soared after drought in Australia and New Zealand cut supplies from China's major sources of imported baby formula. Chinese parents who have enough money have largely shunned local brands since a contaminated milk scandal in 2008 left six babies dead and another 300,000 sick.
Orders For U.S. Durable Goods Fall 5.7 Pct. In March
April 26, 2013 12:01 pm | CommentsOrders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment. That followed a 4.3 percent gain in February, which was revised lower.
Welder Apparently Electrocuted At Arizona Plant
April 26, 2013 11:39 am | CommentsA man doing welding work on the rooftop of a Glendale manufacturing plant is dead of an apparent electrocution. Authorities say the man was badly burned and fell 20 feet to the ground after he somehow touched live wires around 11:20 a.m. Thursday.
Damaged Russian Ship Docks With Space Station
April 26, 2013 11:37 am | CommentsA Russian cargo spacecraft has docked with the International Space Station, despite the failure of an antenna on its navigation system to deploy. The unmanned Progress cargo ship was launched Wednesday from Russia's main space facility in Baikonur, Kazakhstan.
Methanex Moving 2nd Plant From Chile To Louisiana
April 26, 2013 11:36 am | CommentsCanadian methane company Methanex Corp. is moving a second $550 million methane plant from Chile to Louisiana.Gov. Bobby Jindal and Methanex Vice President Gary Rowan announced the plans Thursday in Ascension Parish, saying the move will add 35 jobs to 130 expected when the first plant opens late next year.
CareFusion To Pay $41M To Settle Investigation
April 26, 2013 11:33 am | CommentsCareFusion Corp. said Thursday it will pay about $41 million to resolve a government investigation into marketing practices for its antiseptic ChloraPrep. The investigation also covered CareFusion's relationships with health care professionals. The company said it agreed to the settlement in principle and is also entering into a non-prosecution agreement.
Ford Fund To Boost College For Creative Studies
April 26, 2013 11:29 am | CommentsThe Ford Motor Co. Fund plans to donate $1 million over five years for efforts involving the College for Creative Studies. The Detroit school and the Dearborn-based automaker announced the donation Friday to establish the Henry Ford Academy: School for Creative Studies' College and Career Transitions Office.
Honeywell Eyes June Restart Of Illinois Plant
April 26, 2013 11:27 am | CommentsA southern Illinois plant that helps make nuclear fuel is calling back workers in hopes of resuming operations in June. The plant was forced into a yearlong shutdown due to regulator-requested upgrades. Honeywell says some 135 salaried and another 135 hourly workers will be in place by the targeted restart of the Metropolis plant.
Senate Bill Targets Large Compounding Pharmacies
April 26, 2013 11:25 am | by Matthew Perrone, AP Health Writer | CommentsThe wave of deadly fungal infections was identified in September and linked to a large Massachusetts compounding pharmacy, which regulators said was operating more like a manufacturer. The new proposal would subject such large compounding operations to direct federal oversight by the Food and Drug Administration.
Report: U.S. Diesel Car Registrations Increase 24 Pct.
April 26, 2013 9:48 am | by Diesel Technology Forum | CommentsClean diesel car registrations increased by 24.3 percent in the U.S. from 2010 through 2012 following similar trends of double-digit diesel car sale increases throughout the country, according to new data compiled for the Diesel Technology Forum.
Big Brands Rejected Bangladesh Factory Safety Plan
April 26, 2013 8:42 am | by Julhas Alam and Kay Johnson, Associated Press | CommentsAs Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence level wages.
Economy Accelerates In 1Q
April 26, 2013 8:39 am | by Martin Crutsinger, AP Economics Writer | CommentsU.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.
S. Korea To Withdraw Workers At Factory In N. Korea
April 26, 2013 8:35 am | by Sam Kim, Associated Press | CommentsSeoul said it issued a Friday deadline for North Korea to respond to its call for talks because it was worried about its workers not having access to food and medicine. North Korea hasn't allowed supplies or workers to cross the border since early this month.
Pfizer Aims To Cut Generics Impact With New Drugs
April 26, 2013 7:57 am | by Linda A. Johnson, AP Business Writer | CommentsPfizer Inc. CEO Ian Read said Thursday that continuing expirations of drug patents through 2015 will restrain revenue growth, but the world's largest drugmaker is trying to offset that with launches of several medicines and research to create new ones.
Worker Killed At Nissan's Tennessee Plant
April 26, 2013 7:56 am | CommentsThe employee of Lake Orion, Mich.-based Complete Automation was killed Thursday in the factory's paint plant. Bob Light, a spokesman for Complete Automation, said the employee was killed when a large electrical panel fell while it was being moved.
Hostess To Reopen, Expand Bakery In Kansas
April 26, 2013 7:53 am | CommentsHostess Brands LLC says it will reopen its eastern Kansas bakery this summer, with the hiring of an initial 250 people already underway. The announcement was made Thursday by the investment partnership that bought Hostess Brands' snack cake product lines.
Shareholders Criticize J&J Management For Lapses
April 26, 2013 7:50 am | by Linda A. Johnson, AP Business Writer | CommentsCEO Alex Gorsky responded that J&J is making progress in improving quality standards and efficiency and returning to stores "a reliable supply" of recalled consumer health products such as Tylenol and Motrin. Some have been out of stores for a few years, cutting into revenue.
Syria's Industrialists Join Exodus From Country
April 26, 2013 7:48 am | by Barbara Surk, Associated Press | CommentsSyrian merchants and factory owners have rented apartments in the Lebanese capital as well as Dubai and Cairo. Many skyscrapers dotting Lebanon's famed Mediterranean corniche are known to have been rented out to Syrians at exorbitant prices.
Corning Plans $250M NY Plant Expansion
April 26, 2013 7:41 am | CommentsCorning Inc. says it plans a $250 million expansion of its diesel plant in an upstate New York town, adding 250 jobs to the 500 already at the facility. The company says the plant in the Steuben County town of Erwin makes emission control products used in heavy-duty diesel engine trucks and agricultural equipment.
DuPont Shareholders Keep Combined CEO, Board Chair
April 26, 2013 7:39 am | by Randall Chase, AP Business Writer | CommentsDuPont shareholders again rejected a proposal calling for the company's chairman to be an independent director and not have served as a DuPont executive. Shareholders voted down the stockholder proposal at their annual meeting Wednesday in Wilmington, with 66 percent of ballots against and 34 percent in favor.
