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Sony Mulls Hedge Fund's Entertainment Sale Idea
May 22, 2013 | by Elaine Kurtenbach, AP Business Writer | Comments
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division. Hirai was asked about the proposal at a corporate strategy presentation Wednesday.
U.S. Remains World's Safest Data Center Location
May 22, 2013 9:36 am | by Cushman & Wakefield | Comments
The United States maintains its top ranking as the lowest-risk location for building and...
New Robot Safety Standard Approved
May 22, 2013 9:32 am | by Robotic Industries Association | Comments
A new American national robot safety standard has been approved by the American National...
U.S. Auto Factories Cutting Back On Summer Downtime
May 22, 2013 9:22 am | by Dee-Ann Durbin, AP Auto Writer | Comments
The three Detroit carmakers traditionally shut factories for 14 days around July 4 to do...
Study: No Higher Cancer Rate At CT Pratt Plants
May 24, 2013 10:26 am | by Stephen Singer, AP Business Writer | CommentsAn 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate of cancer among workers.
France Won't Force Companies To Cap Executive Pay
May 24, 2013 10:24 am | by Sarah DiLorenzo, AP Business Writer | CommentsThe French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy. Finance Minister Pierre Moscovici announced Friday that the government no longer plans to push for a law to cap executive salaries in the private sector.
Some Unions Now Angry About Health Care Overhaul
May 24, 2013 10:22 am | by Sam Hananel, Associated Press | CommentsWhen President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters. But some union leaders have grown frustrated and angry about what they say are unexpected consequences of the new law — problems that they say could jeopardize the health benefits offered to millions of their members.
GM Aims New Chevy Cruze Diesel At VW Jetta
May 24, 2013 10:20 am | by Tom Krisher, AP Auto Writer | CommentsThe marketing people at Chevrolet make no secret of the goal for the new diesel version of the Chevrolet Cruze: Take sales from Volkswagen. In fact, they're rolling out the car in 13 markets where VW sells the most diesel versions of its Jetta, another compact.
U.S. Durable Goods Orders Rise In April
May 24, 2013 10:18 am | by Martin Crutsinger, AP Economics Writer | CommentsU.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring. Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the Commerce Department said Friday.
Stricken Japan Nuke Plant Struggles To Keep Staff
May 24, 2013 10:16 am | by Yuri Kageyama, AP Business Writer | CommentsKeeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.
Indian Guest Workers Sue Company In Miss., Texas
May 22, 2013 9:27 am | by The Associated Press | CommentsDozens of Indian guest workers are suing an Alabama-based marine and fabrication company, claiming it financially exploited them and forced them to live in squalid conditions after bringing them to work at Gulf Coast shipyards after Hurricane Katrina.
Safety Board: ATF Blocking Plant Blast Probe
May 22, 2013 9:24 am | by The Associated Press | CommentsFederal agents and the state fire marshal have effectively barred a federal safety panel from the site of a Texas fertilizer plant blast that killed 15 people and injured about 200 others, hampering its investigation, the panel's chairman said.
Economists Predict Increase In Consumer Spending
May 21, 2013 10:07 am | by The Associated Press | CommentsThe economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next year. That's unchanged from their forecast in February. But they are more bullish on consumer spending and housing than they were three months ago, in part because of a more positive view about unemployment.
Judge Gives Final Approval To A123 Bankruptcy Plan
May 21, 2013 10:04 am | by The Associated Press | CommentsA Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant. Monday's court hearing resolved minor outstanding issues following the sale of most of the company's assets to the U.S. arm of Wanxiang Group Corp. for nearly $257 million.
Sprint To Listen To Dish Offer
May 21, 2013 9:47 am | by The Associated Press | CommentsWireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank. The companies said late Thursday that SoftBank had waived provisions of its deal with Sprint that will allow Sprint to talk with Dish.
Walmart Pushing For More Ark. Product Makers
May 21, 2013 9:40 am | by Chuck Bartels, Associated Press | CommentsWalmart Senior Vice President Michelle Gloeckler said promoting in-state vendors will improve sales and help the world's largest retailer sell more U.S.-made products. Presently, 44 Arkansas suppliers produce 73 brands and 1,700 items for Walmart, according to the company.
Panel: Apple Uses Firms Outside U.S. To Avoid Taxes
May 21, 2013 9:37 am | by Marcy Gordon, AP Business Writer | CommentsThe strategies Apple uses are legal, and many other multinational corporations use similar tax techniques to avoid paying U.S. income taxes on profits they reap overseas. But the report found that Apple uses a unique twist, and lawmakers are raising questions about loopholes in the U.S. tax code.
GM Giving Paid Internships To 110 HS Students
May 21, 2013 9:31 am | by The Associated Press | CommentsGeneral Motors is kicking the tires on a unique new internship program for Detroit-area high school students. GM has hired 110 students for paid summer internships, the automaker said Monday in announcing the formation of the GM Student Corps, a program that combines service, education and mentoring.
United To Restart 787 Flights
May 20, 2013 10:28 am | by Joshua Freed, AP Airlines Writer | CommentsUnited Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another.
