SEOUL, South Korea-Samsung is investigating reports of potentially cancerous materials or leaks of ionizing radiation at one its chip manufacturing plants. MORE
CLEVELAND-Union workers at Freightliner have tentatively agreed to a new contract that includes pay cuts and $200-per-month payments by employees toward their insurance. MORE
TAUNTON, MA-Dozens of sign-toting and chanting union members marched on the Haskon Aerospace manufacturing plant here after being informed that they would lose their jobs before the end of 2010. MORE
DETROIT,
MI-Arvin Meritor, the Troy-based global supplier of axles and brakes to the commercial
vehicle market, is selectively hiring in Michigan after reducing
its worldwide headcount by 17% between fall 2008 and spring 2009, CEO Chip
McClure said Wednesday at the annual SAE breakfast of the Detroit Regional
Economic Partnership. MORE
MCLEAN, VA-In an another sign of U.S. economic growth, sales of machine tools totaled nearly $164 million in February, a 29 percent increase from January sales and a 22 percent increase from February 2009. All totaled, sales for the first two months of 2010 are up 22 percent compared with the same period in 2009. MORE
DETROIT-Real-world tests show that GM’s rechargeable electric car can travel 40 miles on battery power. Engineers are testing six Volts that recently were made on a Detroit assembly line, driving them at the company’s proving ground and on roads around Detroit. MORE
WASHINGTON-A flurry of reports out Wednesday suggested that many Americans are feeling better about the economic rebound. Retail spending rose sharply and more than expected. Consumer inflation remains all but invisible. Businesses are boosting their stockpiles in anticipation of higher shopper demand. MORE
CEDAR FALLS, IA-No injuries were reported in an explosion and fire at an assembly plant here. Emergency crews were called to Viking Pump late Sunday after an explosion in a large air compressor. MORE
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