BMW Manufacturing says flexibility the motive for adding 700 temporary jobs at SC plantOctober 9th, 2009 BMW Manufacturing adding 700 production jobs in SCSPARTANBURG, S.C. — BMW Manufacturing Co.
Family of Americans killed in Air France crash claim in lawsuit that plane had defective partsSeptember 30th, 2009 Family of Americans killed in Air France crash sueHOUSTON — The families of two Americans killed in the crash of an Air France flight off the coast of South America in June filed a lawsuit Wednesday claiming the airline and the plane's various manufacturers knew the aircraft had defective parts that could have caused the accident. The lawsuit was filed in Houston federal court by the families of Michael Harris, 60, and his wife Anne, 54.
US central bank sees economic recovery in coming monthsSeptember 2nd, 2009 WASHINGTON - The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the job market, according to minutes of the central bank's last meeting released Wednesday. Still the majority of the central bankers said at the Aug 11-12 meeting that they expected recovery to be slow and stressed that the economy was "still vulnerable to adverse shocks".
California firefighter pulls driver from stalled truck seconds before commuter train hitsAugust 27th, 2009 Calif. firefighter saves driver before train hitsOXNARD, Calif. — A California firefighter has pulled a trapped driver from his disabled pickup just seconds before a commuter train slammed into the truck.
Economic gloom lifting in Europe, surveys showAugust 21st, 2009 BERLIN - The economic gloom which descended on Europe over the last 12 months is slowly continuing to lift, with key surveys released Friday showing industry confidence gaining ground this month. The economics research group Markit said its composite purchasing managers' index (PMI) for the 16-member eurozone showed the currency bloc's economy edging its way towards expansion this month after posting its seventh consecutive rise.
Philadelphia Federal Reserve reports that mid-Atlantic manufacturing increased this monthAugust 20th, 2009 Mid-Atlantic manufacturing turns positive - FedNEW YORK — Manufacturing activity in the mid-Atlantic region climbed back this month into positive territory, reaching its highest level since the recession began in late 2007, the Federal Reserve Bank of Philadelphia said Thursday. The bank's broadest measure of monthly manufacturing activity in the region jumped to 4.2 from a negative 0.2 in July.
Terex to cut 170 positions at Iowa plant as it consolidates manufacturing amid recessionAugust 7th, 2009 Terex to cut 170 positions at Iowa plantWESTPORT, Conn. — Heavy equipment maker Terex Corp.
Rockwell Collins posts drop in 3Q profit on lower airline industry revenueJuly 30th, 2009 Rockwell Collins posts drop in 3Q profitCEDAR RAPIDS, Iowa — Rockwell Collins Inc. said Thursday its fiscal third-quarter profit fell 17 percent on lower revenue from the troubled airline industry, but it still beat Wall Street estimates.
Germany's IfO business survey marks improvement in July; economy 'gaining traction'July 24th, 2009 German business sentiment improves in JulyFRANKFURT — A leading indicator of German business sentiment improved in July, suggesting the economy is stabilizing, the Ifo Business Climate Index said Friday. The Ifo, part of the Institute for Economic Research at the University of Munich, said its reading of the German business climate improved to 87.3 points in July from 85.9 points in June.
Mahindra & Mahindra to enter US marketJuly 15th, 2009 WASHINGTON - Indian vehicle manufacturer Mahindra & Mahindra Ltd is set to enter the US market with a diesel-powered pickup later this year, the first vehicle produced in India for sale in America. The name of the pickup has not been released.
Renault-Nissan boss sees no rebound in Europe, Japan markets before 2011July 10th, 2009 Renault's Ghosn sees industry slump until 2011PARIS — There will be no rebound in car markets in Europe and Japan before 2011, the head of carmakers Renault and Nissan was quoted Friday as saying. In comments reported by French daily Le Monde, Carlos Ghosn said that the end of scrapping deals in Europe that encourage car buyers to trade in older cars for new ones would hold back any rebound in the car market.
Avaya GlobalConnect sees business in newer verticalsMay 20th, 2009 MUMBAI - Avaya GlobalConnect, India's leading enterprise business communications solutions provider today unveiled its strategic roadmap in India for 2009. The company announced its renewed focus on technology solutions for the BFSI, Manufacturing, Healthcare, Hospitality and other verticals.
Japan's NEC plunges to $3 billion annual loss, but sees modest profit this yearMay 12th, 2009 NEC reports $3 bln loss, but sees profit this yearTOKYO — Japanese electronics giant NEC Corp. said Tuesday it fell into the red last fiscal year because of business restructuring costs and stock losses from the economic downturn.
Meltdown 101: Service sector index still in the dumps but giving hints of better days aheadMay 5th, 2009 Meltdown 101: ISM index turning from red to amber?WASHINGTON — A key index that measures business activity in the service sector is still flashing a recession signal. But in the latest hint of better days ahead, the reading for April was not as dire as it has been.
HarperCollins launches business imprintApril 8th, 2009 NEW DELHI - Publishing house HarperCollins Wednesday launched its business imprint 'Collins Business' with its original title, 'Making Breakthrough Innovation Happen - 11 Indians Who Pulled Off the Impossible' by Porus Munshi. The aim was to bring more indigenous business books in the Indian market, the publishers said.
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