News
FreightCar Wants Pa. Union To Help Cut Costs
September 21, 2007 7:14 am | CommentsRailroad car manufacturer wants to talk with Johnstown union about reducing labor costs; says current costs and industry downturn could force facility to close.
Stora Enso Selling North American Paper Operations
September 21, 2007 7:08 am | by Matti Huuht Anen, Associated Press Writer | CommentsForest products company's North American unit being sold for about $2.1 billion to an Ohio-based company owned by the private equity firm Cerberus Capital.
Mattel Apologizes To China
September 21, 2007 7:04 am | by Alexa Olesen | CommentsToy giant takes the blame for design flaws and says it recalled more lead-tainted toys than justified.
Fire Strikes Twice At Foam Plant
September 21, 2007 7:01 am | CommentsPennsylvania foam rubber plant that was heavily damaged by fire last month caught fire again; no immediate reports of injury.
WTO Tariff Cuts Could Open Markets In Brazil, India
September 21, 2007 6:52 am | by Bradley S. Klapper, Associated Press Writer | CommentsU.S. and European trade officials hoping recent progress in World Trade Organization talks will persuade major developing countries to open up their manufacturing markets.
Newport Chairman, CEO Retiring
September 21, 2007 6:10 am | CommentsRobert Phillippy, the laser maker's president and chief operating officer, will take over post left vacant by Robert Deuster.
'Sesame Street' Officials To Inspect Toys
September 21, 2007 5:57 am | by Andrew Bridges, Associated Press Writer | CommentsNonprofit company behind the show plans to dispatch auditors to factories, ports and stores to check for lead and other problems in the toys its licenses.
LeMaitre Acquires Medical Device Maker
September 21, 2007 5:54 am | CommentsMaker of devices to treat aortic aneurysm and other vascular conditions announces $2.8 million takeover of Vascular Architects.
Weyerhaeuser Agrees To Buy Oklahoma Sawmill
September 21, 2007 5:40 am | CommentsThe facility, which employs 130 people, is a contract sawmill for Weyerhaeuser and a chip supplier for the forest products company's containerboard mill.
Peugeot-Citroen Partners With Turkey's Karsan
September 21, 2007 5:17 am | CommentsCar makers to produce mechanical parts for commercial vehicles.
Health Care Key To GM-UAW Talks
September 20, 2007 12:01 pm | by Tom Krisher and Dee-Ann Durbin, AP Auto Writers | CommentsNegotiations are dragging on because of a complex plan to unload GM's roughly $51 billion in unfunded retiree health costs to a trust administered by United Auto Workers.
EU Official: Mattel Has A Lot To Do
September 20, 2007 11:30 am | by Aoife White, AP Business Writer | CommentsEuropean Union consumer chief asked for details of toy maker's new quality control measures and warned the company it faces a major task to rebuild trust in the industry.
U.S. Economic Growth Losing Steam
September 20, 2007 7:57 am | by Candice Choi, AP Business Writer | CommentsThe Conference Board said its index of leading economic indicators dropped a sharp 0.6 percent in August, slightly higher than the 0.5 percent fall analysts were expecting.
Boeing Awarded Saudi Arabia Contract
September 20, 2007 7:55 am | CommentsAirplane maker getting $49.2 million to upgrade communications aboard Saudi Arabia's fleet of five E-3 Airborne Warning and Control System aircraft.
Jobless Claims Drop Surprises Economists
September 20, 2007 7:53 am | by Martin Crutsinger, AP Economics Writer | CommentsLabor Department reports applications for unemployment benefits totaled 311,000 last week, down 9,000 from the previous week; economists expected claims to rise by 6,000.
In Wake Of Toy Recalls, CPSC Asks For More Funds
September 20, 2007 7:50 am | by Jim Abrams, Associated Press Writer | CommentsConsumer Product Safety Commission leaders say Congress should increase their power and budget; one commissioner said 'we are all to blame' for lead-tainted toys.
Fruit Of The Loom Closing Central America Plant
September 20, 2007 7:44 am | CommentsUnderwear maker is closing a Honduras facility as a result of 'a shift in product demand and the ongoing consolidation,' according to company officials.
Cessna Expanding Georgia Operations
September 20, 2007 7:41 am | CommentsWichita, Kan.-based airplane manufacturer plans to add up to 150 jobs and spend as much as $24 million to expand its presence in Georgia over the next five years.
St. Jude Medical Adding 1,200 Jobs In Puerto Rico
September 20, 2007 7:33 am | CommentsThe medical device maker over the next three years will add to workforce at new plant for cardiac rhythm management devices.
New Biomanufacturing Training Center Opens In NC
September 20, 2007 7:30 am | CommentsFacility on North Carolina State University's campus simulates a biomanufacturing plant and will provide hands-on experience for students and job seekers.
