News
House Approves Boost In Auto Fuel Efficiency
December 6, 2007 11:35 am | by H. Josef Hebert, Associated Press Writer | CommentsIncrease in federal automobile fuel efficiency requirements passed as part of an energy bill that also repeals oil company tax breaks and encourages use of renewable fuels.
Treasury Secretary Pressured On China Talks
December 6, 2007 10:00 am | by Joe McDonald, AP Business Writer | CommentsU.S. lawmakers frustrated at China's huge trade surplus are drafting punitive measures as Beijing's support for the contentious talks appears to be waning.
BASF To Reorganize Into Six Segments
December 6, 2007 6:15 am | CommentsGerman-based chemical company said the new segments will be chemicals, plastics, functional solutions, performance products, agriculture solutions and oil and gas.
EU Worker Visa Plans Rebuffed
December 6, 2007 6:10 am | by Constant Brand, Associated Press Writer | CommentsPlan to set up a European 'Blue Card' workers visa program, styled after the U.S. 'Green Card' permit, has raised doubts in several nations.
Retailers See Mixed Sales Results In November
December 6, 2007 6:07 am | by Anne D'Innocenzio, AP Business Writer | CommentsWith Christmas weeks away, the retail industry is struggling with consumers' eroding confidence and a weak sales trend amid mounting economic problems.
Jobless Claims Drop 15,000
December 6, 2007 5:30 am | by Martin Crutsinger, AP Economics Writer | CommentsAnalysts cautioned against reading too much into the improvement, given the volatility in the numbers around holiday periods.
ArcelorMittal To Buy Slovakian Ferroalloy Supplier
December 6, 2007 5:27 am | CommentsSteelmaker said it would buy a Slovakian plant that supplies ferroalloys to its eastern European mills in the Czech Republic and Poland.
Toyota Sees Robotics As Key Business
December 6, 2007 5:22 am | by Yuri Kageyama, AP Business Writer | CommentsAutomaker’s President Katsuaki Watanabe said robotics will be a core business for the company in coming years.
Coca-Cola CEO Stepping Down
December 6, 2007 5:12 am | CommentsNeville Isdell will step down as chief executive on July 1, succeeded by the company's president and chief operating officer, Muhtar Kent.
Corning Expects To Spend $1.7 Billion In Capital Costs
December 6, 2007 5:05 am | CommentsBiggest part of the glass and specialty materials maker’s capital expenditures will go toward its display technologies division.
Nissan Would Get Two-Year Exemption With Energy Bill
December 6, 2007 5:01 am | by Ken Thomas, Associated Press Writer | CommentsDeal to raise fuel efficiency standards would extend an exemption granted to Nissan in 2004 to help it comply with the gas-mileage requirements.
Industry Groups Want Consistency In Fuel Efficiency
December 6, 2007 4:52 am | by Ken Thomas, Associated Press Writer | CommentsTrade groups say EPA and National Highway Traffic Safety Administration should create a 'single national fuel economy standard as established by Congress.'
Bristol-Myers To Lay Off 4,300 Workers
December 6, 2007 4:45 am | by Jennifer Sterling, AP Business Writer | CommentsDrug maker joins Pfizer and Merck in job cuts as the pharmaceutical industry wrestles with generic drugs siphoning off profits.
Johnson Controls Cuts Jobs As It Moves Work Offshore
December 6, 2007 4:41 am | CommentsCompany moving the manufacture of automotive armrests and headrests to Mexico, forcing 100 layoffs at its plant in Kentucky.
House To Vote On Renewable Energy, Fuel Efficiency
December 6, 2007 4:33 am | by H. Josef Hebert, Associated Press Writer | CommentsDemocratic leaders want to pass an energy bill that would repeal billions in oil industry tax breaks and require a major increase in automobile fuel economy.
Patheon Selling OTC Manufacturing Business To Pharmetics
December 6, 2007 4:29 am | CommentsPharmetics will acquire Patheon's operations in Fort Erie and Burlington, Ont., for $5.75 million and continue employing entire workforce.
Hundreds Of Toys Containing Lead Found In Stores
December 5, 2007 10:43 am | by Jeff Karoub, AP Business Writer | CommentsTests performed by a coalition of environmental health groups on more than 1,200 children's products, most still on store shelves, found that 35 percent contain lead.
Survey: Consumer Products Companies' Optimism Down
December 5, 2007 10:40 am | by Edited by Amy Radishofski, Staff Reporter | CommentsConsumer products executives are less optimistic about the domestic economy for the next 12 months but more confident about the world economy and revenue projections.
Paulson: Product Safety Key In Chinese Economic Talks
December 5, 2007 10:13 am | by Foster Klug, Associated Press Writer | CommentsTreasury Secretary says China's ability to manage the safety of its goods will be a key part of Beijing's future growth and of its trade relations with the U.S.
Kennametal Chief Executive New Chairman
December 5, 2007 5:56 am | CommentsPresident and Chief Executive Carlos Cardoso will replace Larry Yost as chairman on Jan. 1, the industrial products maker said.
