Electric car maker is considering sites in Nevada, Arizona, New Mexico and Texas for a massive battery factory that would employ around 6,500 people.
Reducing lead times in these scenarios can cut millions off the bottom line, but there’s too many concurrent pressures for many to do it effectively, and it's far too easy to get caught up in "chasing a ghost" — a potentially costly and damaging misstep.
A Chinese company wants to build its own coal-fired plant in southern Jamaica to generate the power needed for a hoped-for $1.5 billion port that the Caribbean island envisions as helping transform its chronically sluggish economy.
ABInBev SA, the maker of Budweiser and the largest global brewer, has reported a 45 percent increase in profits for the fourth quarter of 2013 on a mix of acquisitions, growth, and cost-cutting. Net profit was $2.52 billion, up from $1.74 billion in the fourth quarter of 2012. Sales rose 4.6 percent to $11.7 billion.
Panasonic Corp. is considering setting up a new plant jointly with Tesla Motors Inc. in the United States to make lithium-ion batteries for electric vehicles, sources close to the matter said Wednesday. The Japanese electronics maker is mulling asking Japanese materials makers to set up bases at the new plant to create integrated production of batteries, the sources said.
The beloved Philadelphia bakery Tastykake celebrated a century in business on Tuesday by introducing a new product, giving out free treats and serving up — what else? — birthday kake. The company marked its 100th anniversary with a multi-tiered confection made from its most famous products: Butterscotch Krimpets, Peanut Butter Kandy Kakes, Chocolate Cupkakes and Juniors.
European jetmaker Airbus Group said Wednesday record demand for its civilian jetliners from airlines around the world drove higher sales and profits last year. The Boeing Co. rival, known until this year as EADS, said net profit rose 22 percent to 1.47 billion euros ($2 billion) in 2013, up from 1.2 billion euros the previous year.
Speaking at the Greater Houston Partnership’s Thought Leader Series, Timmons discussed the unique opportunities and challenges facing the manufacturing economy and the solutions that will bolster the manufacturing industry’s economic strength nationwide and throughout the world.
A congressman says federal officials have launched a criminal probe of a Northern California slaughterhouse that recently recalled more than 8.7 million pounds of beef. Huffman said investigators could not provide details, but he was told the suspected misconduct was grave.
The developer of the Keystone XL pipeline said Monday that its proposed route through Nebraska is still legally valid until a higher court decides whether the state's pipeline siting law is constitutional. A spokesman for Calgary-based TransCanada said last week's ruling to invalidate the proposed route cannot be enforced while a lawsuit filed by landowners is on appeal.
The draft presented Tuesday to the Cabinet for approval expected in March, said Japan's nuclear energy dependency will be reduced as much as possible, but that reactors meeting new safety standards set after the 2011 nuclear crisis should be restarted.
Soup makers looking for giant stainless steel kettles or canning equipment may be in luck. The new owners of a shuttered Campbell Soup Co. factory in Sacramento will begin auctioning off equipment from the facility on Tuesday.
U.S. consumer confidence fell slightly in February over concerns about the near-term outlook for business conditions and jobs. The Conference Board said Tuesday that its confidence index dipped to 78.1 this month, down from 79.4 in January.
The agreement between the company and the State University of New York College of Nanoscale Science and Engineering increases IBM's commitment of high-tech jobs at semiconductor plants in Dutchess County, Albany and Yorktown Heights by 750 from the current 2,350, Gov. Andrew Cuomo announced. It will stave off job cuts through 2016.
Minerals Technologies Inc. has sweetened its offer to buy out Amcol International Corp. to about $1.38 billion in hopes the minerals and oilfield services company will be persuaded to nix its proposed sale to a French company.
A new executive will lead Honda's operations in Alabama. Honda Manufacturing of Alabama says Jeff Tomko will take over as company president on April 1. Tomko is replacing Tom Shoupe, who becoming executive vice president and chief operations officer of Honda of America Manufacturing Inc.
BlackBerry announced plans to expand its services for businesses needing secure communications, particularly in regulated industries such as health care and financial services. There are plans, for instance, to go beyond securing just email and messaging.
Beijing remained cloaked in hazardous white pollution, despite the announced closures or production cuts at 147 of the city's industrial plants. Readings of PM2.5, a key measure of pollution, reached 444 micrograms per cubic meter in central Beijing. The World Health Organization considers 25 micrograms a safe level.
Officials investigating a leak from the federal government's only underground nuclear waste dump tried to reassure skeptical southeastern New Mexico residents Monday night that their health is safe. More than 250 people attended a two-hour meeting to ask questions about back-to-back accidents at the Waste Isolation Pilot Plant near Carlsbad.
French automakers Renault and Peugeot are looking belatedly to China to revive their flagging fortunes but picked a tough time to try to expand. Three decades after Volkswagen became the first global automaker to produce cars in China in 1984, Renault SA announced plans in December for a Chinese factory.
Cigarette maker Lorillard Inc. has banned animal testing following discussions with an animal rights group that has raised concerns over industry studies in which animals were forced to inhale cigarette smoke, eat tobacco and have cigarette tar painted on their skin.
The man who appears poised to take over leadership of the United Auto Workers later this year says car companies' fears about the union's demise are unfounded. Membership has dropped from a peak of 1.5 million in 1979 to 382,000 at the end of 2012, although it's been rising slightly since 2009.
Warren Buffett is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway Inc. shareholders. Buffett's full letter won't be released until Saturday, but Fortune magazine published an excerpt of it online (http://bit.ly/1hKsIk1 ) on Monday.
An explosion at a manufacturing plant in western Tennessee injured at least one person Saturday. WMC-TV reports (http://bit.ly/1l9k8vP ) the blast happened around 10:50 a.m. at a plant in Toone owned by the Kilgore Flares Company. The worker suffered severe burns and was airlifted to the Regional Medical Center in Memphis.
Eli Lilly is buying a privately held, poultry vaccine maker to strengthen its Elanco animal health subsidiary. No terms were released, but Lilly said Monday that its 2014 earnings forecast will be trimmed due to acquisition costs.