Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced today. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.
A 19-year-old entrepreneur from Montreal is taking on tech juggernauts Samsung and Sony by trying to launch his own smart watch. Like many startup companies, Neptune Computer Inc., has turned to an online crowdfunding platform to raise funding for a full launch of its product.
General Electric Co. says it will close a northern New York electrical capacitor plant that employs about 200 workers.The Fairfield, Conn.-based company announced Thursday that it will follow through on plans announced in September to close its Fort Edward plant and move operations to an existing manufacturing site in Clearwater, Fla.
Oregon workplace safety officials have cited a Springfield meat company for safety violations after a machine fractured an employee's fingers. The state Division of Occupational Safety and Health said on Thursday it fined Bright Oaks Meat Inc. $7,850.
An Israeli energy startup has taken over the remains of Israel's trailblazing — and now bankrupt — electric car venture. Ran Eloya, founder and CEO of Gnrgy Ltd., said Thursday his company bought the remaining assets of Better Place for less than $450,000, a fraction of its $2 billion valuation less than two years ago.
The Dubai Airshow closed its doors to visitors Thursday after rainfall flooded parts of the trade event's large exhibition hall. Organizers of the airshow said in a short statement that exhibitors and visitors should not travel to the show due to "severe weather conditions."
Angelcare Monitors Inc. is voluntarily recalling 600,000 baby monitors following the death of two infants due to strangulation. The U.S. Consumer Product Safety Commission said Thursday that a cord attached to the sensor pad placed under the crib mattress poses a strangulation risk if the child pulls the cord into the crib.
Manufacturing businesses considering a capital equipment investment may want to act now to take full advantage of long-standing capital equipment tax breaks set to expire on Dec. 31 and IRS equipment depreciation guidelines providing year-end benefits.
Omega Engineering, Inc., has announced its new KKVM series of fused disconnect switches for general-purpose disconnects or across-the-line manual motor controls, which feature across-the-line motor starting and a general use rating of 30A.
Overall, confidence in the equipment finance market is 56.9, an increase from the October index of 54.0, demonstrating an overall steady industry outlook despite continuing concerns about the U.S. economy and the negative impact of federal government fiscal policies.
Fluke Calibration yesterday introduced the 1586A Super-DAQ Precision Temperature Scanner. The Super-DAQ offers up to 40 analog input channels and scan rates as fast as 10 channels per second.
The government allied with Samsung on Wednesday to jointly produce consumer electronics and appliances, a deal coming after a week of raids on Venezuelan retailers and the emptying of store shelves by consumers taking advantage of officially forced discounts.
Twenty-five pharmaceutical companies will pay the Louisina $88 million to resolve allegations they charged Louisiana's Medicaid program too much for their drugs, the final settlement reached in a 2010 lawsuit filed by Attorney General Buddy Caldwell.
The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the company's storied history. The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell the shares by Dec. 31, as long as the price holds up.
The investment isn't intended to increase the facility's production capacity, but it expected to increase the plant's efficiency, Scott Hudson, process engineering manager at Hyundai Motor Manufacturing Alabama, told the Montgomery Advertiser. The plant manufactures the automaker's Elantra and Sonata models, and has broken its monthly production records three times in 2013.
Officials say Bangladesh will begin inspecting its export-oriented garment factories to assess the building structures and how safe they are from fire and electrical accidents. The Labor Ministry said Thursday that the Bangladesh University of Engineering Technology will inspect the factories using standards accepted by the government, factory owners and international buyers.
There was one thing wrong in a full-page ad in The Seattle Times urging state lawmakers to pass a transportation package aimed at persuading Boeing to build the new 777X in Washington. The headline Wednesday read "The Future of Washington," but the photo was of an Airbus jetliner, not a Boeing.
The measures were among three energy bills the House is considering this week as Republicans who control the chamber push to expand an oil and gas boom that's lowered prices and led the U.S. to produce more oil last month than it imported from abroad.
The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.The Labor Department says the less volatile four-week average fell for the third straight week to 338,500.
Kia Motors Corp. is recalling nearly 80,000 minivans in the U.S. because a suspension part can break and cause drivers to lose control of the vehicles. The recall affects Sedona minivans from 2006 through 2012. They were sold or registered in 20 states and Washington, D.C., where salt is used to clear roads in the winter.