Potash Corp. is cutting more than 1,000 jobs, about 18 percent of its workforce, because of slumping demand for potash and phosphate, two key fertilizer ingredients. The Saskatchewan-based company said Tuesday it will cut 440 jobs in Saskatchewan, 130 in New Brunswick, 350 in Florida, 85 in North Carolina, and 40 in other U.S. regions and Trinidad.
Safety officials have championed what's known as positive train control technology for decades, but the railroad industry has sought to postpone having to install it because of the high cost and technological issues. Investigators haven't yet determined whether the weekend wreck, which killed four people and injured more than 60 others, was the result of human error or mechanical trouble.
A long-anticipated $200 million ethanol plant that will turn grasses grown on North Carolina hog farms into motor fuel will go ahead, Gov. Pat McCrory's office said Monday.The plant operated by Biochemtex, a partnership headed by Italy-based Gruppo Mossi & Ghisolfi, plans to employ 65 people in three years near Clinton in Sampson County.
A new $75 million turkey processing plant in southwestern Indiana is set to start operations next week. State and local officials joined Farbest Foods president Ted Seger for a ribbon-cutting ceremony and public tours Monday of the new factory in a Vincennes industrial park.
Quiksilver has sold its snowboard subsidiary Mervin Manufacturing for $58 million and plans to sell some other non-core businesses. President and CEO Andy Mooney said in a statement that selling Mervin and the other non-core businesses allows the retailer to focus on its three core brands — Roxy, DC Shoes and Quiksilver.
NCR makes ATMs and other hardware and software to handle payments. It says the deal will expand its capabilities in banking, allowing it to offer a single platform that retail banks and other financial institutions can use for all kinds of services, and payment and transaction types.
One lawsuit alleges the plant operators "illegally, recklessly or negligently" dumped hazardous substances outside the boundaries of the property. The lawsuit also said contamination spread through at least a 5-mile radius around the facility, exposing people to increased risk of cancers, kidney failure and damage to the central nervous system.
Universal Truckload Services Inc. said Monday that it will pay $123 million in cash for Westport Axle Corp., which provides parts assembly, packaging and distribution services for makers of cars, heavy trucks and recreational vehicles.
Officials on the Industry Ministry's contaminated water panel also said that the Fukushima Dai-ichi plant could run out of storage for contaminated water within two years if current plans are not fully workable. A draft report, made available to reporters after the panel's experts and officials met, proposed covering the ground with asphalt to reduce rain inflow, building giant tanks and other steps.
Forest Laboratories says it plans to cut about 500 jobs as part of a plan to trim $500 million in costs over the next two years. The moves come less than three months after former Bausch & Lomb leader Brenton Saunders replaced longtime CEO Howard Solomon at the helm of Forest Laboratories Inc.
Congressman Richard Hanna says Remington Outdoor Company has been awarded a $47 million contract to produce more than 50,000 R4 carbine rifles for the Armed Forces of the Philippines. Hanna announced Monday that the work will be done at Remington Arms in the Mohawk Valley town of Ilion, with components from Remington's facilities and suppliers across 20 states.
Congress is racing toward renewing a 25-year-old prohibition against firearms that can evade metal detectors and X-ray machines, just days before the ban expires. But with 3-D printers increasingly able to produce plastic weapons, many Democrats, gun control advocates and law enforcement officials say the restrictions must be tightened.
Thirty-eight-year-old Syed "Farhan" Huda of Arlington entered the plea Monday in federal court in Alexandria on charges of importation fraud, selling misbranded drugs and distributing prescription drugs without a license.
Swedish-based Volvo Car Group has joined the race to develop self-driving cars, saying it plans to build 100 such vehicles in a pilot project. The Chinese-owned automaker said Monday it will test its "autonomous" cars on 30 miles (50 kilometers) of selected roads in the Swedish city of Goteborg, starting in 2017.
BlackBerry's interim chief executive says reports of the death of the company "are greatly exaggerated." Former Sybase CEO John Chen says in a letter to customers Monday that BlackBerry is returning to its roots, refocusing on delivering devices and services to business users.
Agnes Thibault-Lecuivre, spokeswoman for the Paris prosecutor, says that those ordered Monday to trial included John Leahy, the current Airbus chief operating officer, and Noel Forgeard, former EADS co-CEO. In a statement, EADS says it supported its managers, who it said were cleared in 2009 by France's market regulator in a separate inquiry.
Dr. David Michaels said, "[Craig] Sanborn recklessly ignored basic safety measures that would have protected their lives. His criminal conviction and sentence won't bring these men back to life, but it will keep him from putting workers' lives in peril."
U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.The Institute for Supply Management said Monday that its index of manufacturing activity rose to 57.3. That was up from 56.4 in October and was the highest since April 2011.
For the first time in two and a half years, a new Saab sedan has rolled off the production line in Trollhattan in south-west Sweden.National Electric Vehicle Sweden, the Hong Kong-based company that bought Saab out of bankruptcy in September last year, on Monday presented its new 9-3 Aero.
A South Korean man was found dead Saturday at a jointly-run factory park in North Korea, officials said. The 55-year old worker from a South Korean company that manufactures leather products and mobile phone accessories was found dead earlier that day, South Korea's Unification Ministry told reporters at a briefing.