BlackBerry is reporting a massive $4.4 billion loss in the third quarter and 56 percent drop in revenue. The results are the Blackberry's first under new chairman and interim chief executive John Chen. BlackBerry also announced it is entering in to a five-year partnership with Foxconn, the world's largest manufacturer of electronic products.
The Atlanta-based chemical manufacturer said it could make a decision sometime early next year....
The Michigan Economic Development Corp. this week announced that Circuit Controls Corp. and...
News that the U.S. economy grew by more than previously thought in the third quarter shored up global markets Friday and sent the main U.S. indexes up to record highs. In the U.S., the Dow Jones industrial average was up 0.5 percent at 16,265, while the broader S&P 500 index rose 0.6 percent to 1,821.
Companies are venturing into smokeless tobacco and other nicotine products to diversify beyond the declining traditional cigarette business as tax increases, health concerns, smoking bans and stigma cut into demand. Electronic cigarettes are battery-powered devices that heat a liquid nicotine solution, creating vapor that is inhaled.
Airgas Inc., which sells gases and equipment to hospitals and industrial companies, said Friday that it is increasing prices on helium by 20 percent because it is costing it more to obtain and distribute the gas. The company said the Bureau of Land Management, which supplies a significant portion of helium in the U.S., is charging helium refiners more for the gas.
The Labor Department said Friday that employers added jobs in 43 states and cut jobs in just seven. California, Texas and Indiana reported the largest job gains. The lower state unemployment rates are due in part to robust hiring nationwide over the past four months.
Whirlpool is moving production of its commercial front-load washing machines from Mexico to Ohio. The appliance maker, whose brands include Maytag, Kenmore and its namesake, said Friday that 80 to 100 new jobs will be created in Ohio over the next three years to support the relocation.
Manufacturing industrial production increased at a 1.0 percent annual rate during the third quarter of 2013, but production has rapidly accelerated in the fourth quarter. Inflation-adjusted GDP increased at a 3.6 percent annual rate in the third quarter. MAPI forecasts that manufacturing production will increase 3.1 percent in 2014, a slight deceleration from the 3.2 percent forecast in the September 2013 report.
Jazz will make a tender offer of $57 per share for the Italian company, about a 2 percent premium to Gentium's closing stock price in the U.S. on Thursday. Gentium develops drugs to treat a variety of rare diseases and conditions, including orphan vascular diseases related to cancer treatments.
Attorney Blair Dunn called King's lawsuit frivolous and a waste of taxpayer money. King defended the lawsuit, saying Valley Meat stands to violate state laws related to food safety, water quality and unfair business practices.
Ohio Valley Resources president Doug Wilson of Fairfield, Ill., announced Thursday that the Chinese company will provide equity financing for the construction while his company will manage the project near the Ohio River town of Rockport.
The Commerce Department's final look at growth in the summer was up from a previous estimate of 3.6 percent. Four-fifths of the revision came from stronger consumer spending, primarily in the area of health care. The 4.1 percent third quarter growth rate came after the economy expanded at a 2.5 percent rate in the second quarter. Much of the acceleration reflected a buildup in business stockpiles.
Footage released by the robot's developers on Friday showed Kirobo performing its first mission on the station, talking in Japanese with astronaut Koichi Wakata as part of an experiment testing Kirobo's autonomous conversation functions. Wakata says he's glad to meet Kirobo, and asks the robotic companion how it feels about being in a zero-gravity environment.
Working with the International Ski Federation (FIS), the Italian manufacturer Dainese has been collecting information from skiers for four years to find the exact algorithm as to when can the system should go into effect — in other words, at what point in a fall can a racer no longer regain control.
Fourteen of the 29 dolphins examined in 2011 were in guarded, poor or grave condition. That compared to one out of 15 caught for comparison in Sarasota Bay, Fla., which was not involved in the spill, according to the study published Wednesday in the American Chemical Society journal Environmental Science & Technology.
In a statement, company spokesman says, "We believe engaging with and funding an organization that openly discriminates is in conflict with our policies." He says the company applauds the Scouts' mission but has a conflict with policies that discriminate based on sexual orientation.
The Hayes Cos. will invest $3 million to expand its metal fabrication plant. Hayes will hire another 75 workers in Pineville, La., paying them $45,000 a year, on average. The company says it's selling more to large clients, including Union Tank Car Co., General Electric Co. and OneSubsea.
The fire at Industrial Plastics Recycle, about 45 miles southwest of Nashville, has been burning since Wednesday morning. On Wednesday afternoon, firefighters had to stop trying to put out the blaze after they learned that two 1,000 gallon propane tanks were on the property.
For the first time, the vehicles need top crash test scores and a good front crash prevention system — such as warning systems or automatic braking — to get its highest designation. Vehicles are now ranked as either a "Top Safety Pick" or "Top Safety Pick +" if they meet the front crash protection criteria as well.
The two Koreas have taken an initial step to open their jointly run industrial park to overseas investors. But foreigners who toured the complex on Thursday say the compound in North Korea remains a tough sell despite its cheap labor.
Two California officials have announced plans to introduce legislation requiring smartphones to have a "kill switch" that would render stolen or lost devices inoperable. State Sen. Mark Leno and San Francisco District Attorney George Gascon announced Thursday that the bill they believe will be the first of its kind in the United States will be formally introduced in January at the start of the 2014 legislative session.
Defense chief Dennis A. Muilenburg was promoted to president and chief operating officer, and named as vice chairman of the company. Raymond L. Conner was also named vice chairman, and will continue to run Boeing's commercial airplanes division. Boeing spokesman John Dern said the moves are part of Boeing's process for planning for the eventual retirement of McNerney, 64.