U.S. Steel this week announced 545 layoffs, bringing its January job cut total to more than 1,000 as the industry reels from the decline in oil prices. The company said Thursday it would idle plants in Indiana and Illinois. The shutting down of U.S. Steel's tin mill in East Chicago, Indiana affects 369 workers, with layoffs beginning...
The average manufacturing worker made nearly 11 percent more than a comparable worker outside the manufacturing sector in 2012 and 2013, according to a newly released report. In the analysis from D.C.-based liberal think tank the Economic Policy Institute, author Robert E. Scott tabs the wage premium for manufacturing jobs...
Unions representing aerospace workers in Washington state are backing legislation to place conditions on industry tax credits, drawing the ire of one of the state's flagship companies. The state Legislature passed $8.7 billion in tax credits in 2013 as part of an effort to secure productionof Boeing Company's 777X jetliner...
New Agriculture Minister Katia Abreu, nicknamed the "chainsaw queen" by Brazilian environmentalists for what they call her promotion of deforestation, strongly rejected the criticism Thursday, calling it sexist since she's the first woman to hold her post. Abreu told a small group of foreign...
When President Barack Obama arrives in New Delhi on Sunday he will join the Indian capital's masses in breathing some of the world's filthiest air. Hazy skies will serve as the backdrop to meetings with Indian Prime Minister Narendra Modi and other officials who are expected to discuss India's...
Initial tests show water supplies in a Montana city show no sign of a cancer-causing element for the first time since they were contaminated by a weekend crude oil spill, a state official said Thursday, raising hopes that thousands of residents can soon start drinking from their taps.
A federal grand jury in Beckley handed up a superseding indictment on Wednesday against former Freedom President Gary Southern and three other former executives. The indictment charges Southern with a new count of fraud by interstate commercial carrier and restates the original indictment's charges against him and the others.
U.S. Sen. Elizabeth Warren is shifting her focus from Wall Street to the nation's top pharmaceutical companies. The Massachusetts Democrat next week plans to file a bill that she said would help fund basic medical research by targeting pharmaceutical companies accused of breaking the law.
Packaging company MeadWestvaco Corp. is selling its European-based tobacco folding carton business. The Richmond, Virginia-based company said Thursday it has signed a definitive agreement with Swedish company AR Packaging Group AB. Earlier this month, MeadWestvaco announced plans to spin off its specialty chemicals business into a separate, publicly traded company.
U.S. District Judge James Browning ruled Mora County's 2013 ban on oil and gas drilling is unconstitutional, prohibiting corporate activities protected by the First Amendment. Browning's order also said the ban violates state law and that it could not be enforced on lands owned by the state.
EBay plans to cut 2,400 jobs, or seven percent of its staff, in the first quarter to simplify its structure and boost profit ahead of a planned separation of its business. The job cuts will fall across its marketplaces, PayPal and enterprise businesses.
Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses, where there is more agreement.
Gun maker Remington has moved a lawsuit filed against it by families of those shot in the Sandy Hook school from state to federal court, where at least one expert says it has less chance of succeeding. Nine families sued Remington and others in Bridgeport Superior Court in December.
A second large oil spill into Montana's Yellowstone River in less than four years is reviving questions about the nation's aging pipeline network. "It's the nature of the beast. Pipelines leak and pipelines break. We're never going to get around that. We have to decide if water is more valuable than oil," stated a local rancher.
For this year, Hyundai forecast sales will grow just 1.8 percent to 5.05 million vehicles, the weakest growth in recent years. The company expects to begin production at a new factory in China next year, but until then its existing factories are operating at full capacity, leaving no room to boost sales significantly.
Farmers have been asked to keep their livestock away from the three-million gallon spill. Brine, also referred to as saltwater, is an unwanted byproduct of drilling that is much saltier than sea water and may also contain petroleum and residue from hydraulic fracturing operations.
"Fuel savings are not top of mind to many consumers right now," says John Krafcik, president of TrueCar.com. Automakers have responded by slashing thousands off the sticker price of electrics. Discounting, combined with new vehicle offerings boosted sales last year, but that was before gas prices plunged.
Microsoft has taken the wraps off a new version of Windows — and a new wearable 3D gadget it calls the HoloLens. The HoloLens is worn over the eyes like virtual reality headsets. While it's unclear when it might be available for sale, a Microsoft engineer showed how it could be used to view...
Clinton remains the leading Democratic contender to succeed Obama if she runs for president again. The former U.S. secretary of state has so far stayed neutral on Keystone, saying it wouldn't be appropriate for her comment while the State Department is still conducting a formal review of the project.
Toyota's lowest-priced car, the Yaris, is restyled inside and out for 2015, has an improved ride and adds new standard features — all for a starting retail price of less than $16,000. The Yaris, available as three-door and five-door hatchbacks, continues to rank among the top 10 gasoline-powered, non-hybrid cars in fuel economy in the country.