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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...
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.
3-D Printers An Emerging Industry
May 20, 2013 10:24 am | by Jared Hunt, Charleston Daily Mail | Comments3-D technology isn't just for movie theatres and comic books anymore. In fact, it may very well reshape the landscape for American manufacturing. It's all thanks to advances in 3-D printing, also called additive manufacturing, which has seen tremendous growth in the last few years.
1 Millionth Jeep Wrangler Built At Toledo Plant
May 20, 2013 10:07 am | by The Associated Press | CommentsAuto workers in Toledo celebrated a milestone this past week. The 1 millionth Jeep Wrangler rolled off the assembly line at Chrysler's assembly plant that opened in 2006. Chrysler marked the occasion Friday with a ceremony at the production line.
Silicon Valley-Area Hub Becomes Factory Town
May 20, 2013 9:54 am | by Martha Mendoza, AP National Writer | CommentsFrom Tesla Motors, making cutting-edge cars, to Solaria, making solar panels, manufacturers are drawn to Fremont by incentives including a five-year waiver on business taxes, an expedited regulatory process, proximity to Silicon Valley firms and a skilled labor force.
At Least 12 Dead In China Factory Explosion
May 20, 2013 9:43 am | by The Associated Press | CommentsThe force of the blast flung broken glass, smashed concrete, and other debris as far as 200 meters (600 feet), reports said. Walls in outlying buildings were flattened and glass shattered. A total of 34 people were inside the factory at the time of the blast, and survivors were rushed to hospital. The cause of the blast and condition of those injured were not immediately known.
Epicor Next-Generation Cloud ERP Solution Gains Momentum
May 20, 2013 9:38 am | by Epicor Software Corp. | CommentsEpicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, announced its next-generation cloud enterprise resource planning (ERP) solutions is gaining traction with manufacturers.
Transforming Manufacturing In The Cloud
May 17, 2013 10:06 am | by NetSuite Inc. | CommentsNetSuite Inc. and Autodesk Inc. announced a strategic alliance to offer manufacturing companies seamless integration of Autodesk PLM 360 and NetSuite ERP. The relationship aims to transform modern manufacturing by helping manufacturers confront challenges like shifting economic conditions, deliver quality products and address customer innovation requirements, all with a flexible, cloud-based system.
