BOSTON-The Federal Reserve is prepared to take new action to boost the weak economy, Chairman Ben Bernanke said, because inflation is still too low and the unemployment rate remains stubbornly high. MORE
DETROIT-Automakers are going to great lengths to get more miles per gallon from their vehicles and everything is being looked at-even the engine oil. GM, Ford and Chrysler are switching to a new oil, known by its industry grading as GF-5 or SN, to help engines run more efficiently and better protect them from wear. MORE
SAN FRANCISCO-Intel Corp. will invest between $6 billion and $8 billion in its manufacturing operations in the United States, including the construction of a new chip manufacturing facility in Oregon. The plan is expected to create up to 8,000 construction jobs, and up to 1,000 permanent high-tech jobs. MORE
CLARKSVILLE, TN-Hundreds of people came to Montgomery County Civic Center Thursday to find out about jobs at the new Hemlock Semiconductor Plant. The $1.2 billion manufacturing plant is expected to hire more than 500 employees when it opens in two years. MORE
TORONTO-Canadian factory sales rose four times faster than economists forecast in August, led by automobile plants that resumed production after shutdowns the prior month. MORE
NEW YORK-Manufacturing in the New York region expanded in October at a faster pace than anticipated, signaling factories will keep driving the recovery in the world’s largest economy. The Federal Reserve Bank of New York’s general economic index rose to 15.7, the highest level in four months and more than twice the median forecast of economists surveyed by Bloomberg News. MORE
RSS