MANUFACTURING

Defying Weak Economy, GE To Go on U.S. Hiring, Plant-Building Spree

Immelt speaks at a news conference after a "Jobs for America Summit" at the U.S. Chamber of Commerce in Washington
General Electric Co., the blue-chip U.S. conglomerate widely seen as a bellwether of the state of the American economy, is going on a hiring spree. The company is set to employ 12,000 new workers over the next five years, including 5,000 veterans hired through a special priority-placement program, GE said Monday.
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U.S. President Barack Obama

Obama's Proposed Fiscal 2013 Budget Has $901B Deficit

The fiscal 2013 budget President Barack Obama will present to Congress on Monday will include hundreds of billions in infrastructure spending and a projected deficit of $901 billion, or about 5.5 percent of the nation's gross domestic product.
Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motor

Mitt Romney on Auto Bailout: Could This Give Obama an Edge?

Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motors, Chrysler and Ford manufacturers. And now he’ll have to explain his reasoning if he wants to dominate Michigan’s primary on Feb. 28, according to Reuters.
Nigeria oil subsidy fraud

Nigeria: Oil, Poverty, and an 'Ungodly Mess'

Thanks to expansive oil fields and a reservoir of millions of barrels of crude, Nigeria is the third-richest country in Africa. But due to corruption, poor wealth distribution, and lack of infrastructure, the nation's people suffer from staggering rates of poverty.
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PepsiCo's Plan Leaves Some Investors Thirsting for More

PepsiCo Inc Chief Executive Indra Nooyi laid out a plan to turn around the company's North American soft drink business that includes ramping up advertising, cutting thousands of jobs and a bigger-than-expected decline in near-term earnings.
Jon Huntsman 2012

Jon Huntsman, Former Presidential Candidate, Joins Ford's Board

Ford Motor Co. on Thursday named former 2012 Republican presidential candidate and former Utah Gov. Jon Huntsman to its board of directors. The appointment gives Huntsman another job as he backs out of the public spotlight back into the private sector. And it gives Ford another established, high-profile board member with political ties.
iPad 3 Mini about to Challenge Amazon Fire ?

Apple iPad 3 Release Date is Early March: Ethically Produced by Chinese Factory Workers?

Now that the all new Apple iPad 3 has a set release date of early March, the question now is will it be ethically produced by Chinese factory workers at places like Foxconn. Reports of poor working conditions in Chinese factories that make the $500 or more iPad, have forced Apple to confront the possibility it may have to intervene or at least make an effort to investigate the charges.
Jobless Claims

Jobless Claims Fall 15,000 to 358,000

New claims for unemployment benefits unexpectedly fell last week, a government report showed on Thursday, providing further evidence the U.S. labor market was gaining traction.
World's Largest Textile Created from Golden Spider Silk Dazzles On-lookers

Gold Prices up as Greek PM Heads to Brussels

Gold edged up along with crude oil and the euro on expectations the Greek prime minister's presence in Brussels Thursday signals a likelihood his nation will receive desperately needed bailout money.
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Europe Day Ahead: ECB, BoE Meetings in Focus

European stock markets opened with gains Thursday as investors anticipate a successful resolution to the Greek debt deal that would allow the eurozone country to avoid a default.
Chairman of the Federal Reserve Ben Bernanke holds a news conference in Washington

Jobs Rebound Dampens QE3 Prospects: Fed Officials

The pick-up in jobs has caught the eye of two top Federal Reserve officials who said on Wednesday that continued improvement in the beleaguered labor market dampens prospects for more economic stimulus measures from the central bank.
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Richmond Fed Chief Opposes More Easing

A top Federal Reserve official said Wednesday he does not see a rationale for more asset purchases if U.S. economic data continue to show the recovery is picking up steam.

Toyota Highlander Production Will Move to U.S.

Toyota Motor Corp. will add 400 jobs at its Indiana plant to produce the hybrid version of its Highlander sport-utility vehicle, shifting production of the SUV from Japan to the United States.
iPad 2

iPad 3 Launch Imminent? Roundup of Features

Rumors about the launch of iPad 3 have gained momentum over the last few months. The latest is that the tablet is expected this spring. With a host of new features, the tablet could be Apple's biggest release this year if the rumored specs are true. Here's a look at what is known so far.
A Fisker Karma luxury plug-in hybrid car is seen at the sixth annual Alternative Transportation Expo and Conference (AltCar) in Santa Monica, California

Fisker announces layoffs, renegotiates loan

Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.

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