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Class-Action Suits Could Cost Toyota Over $3B
Toyota owners claiming safety recalls are causing value of their vehicles to plummet have filed at least 89 class-action lawsuits that could cost automaker over $3 billion.
Boeing: 787 Testing Going Well
Plane maker is putting its new 787 through an aggressive flight-testing schedule, with the fourth plane set to begin test flights on Sunday.
China, India Approve Climate Deal
India and China gave qualified approval to Copenhagen climate accord calling for voluntary limits on greenhouse gas emissions.
Senate Mulls Unemployment Insurance Extension
Legislation extending unemployment insurance faces key test vote in Senate, its momentum helped by popular tax breaks for individuals and businesses that expired last year.
Georgia Lawmakers OK Food Safety Bill
Prompted by 2009 salmonella outbreak that originated in the state, Georgia House approved bill that would make it a felony to knowingly distribute tainted food products.
Consumers, Employers In Stalemate Over Spending
Employers and consumers are both waiting for the other to spend more, and until then economic recovery will be shaky and job openings will be few.
Toyota Disputes Electronics Problems
Automaker plans webcast to try to undercut suggestions that its electronics systems caused sudden acceleration problems that led to recall of over 8 million vehicles.
3M To Buy Canadian Aerospace Products Company
Manufacturing conglomerate has agreed to acquire MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes for $24 million.
Boeing Gets 20-Plane Order From Turkish Airlines
Airplane maker has finalized an order with Turkish Airlines for 20 new 737s valued at $1.6 billion at current list prices.
FDA OKs Cell Therapeutics Site
Cell Therapeutics said Monday the Food and Drug Administration cleared a third-party manufacturing site for its experimental cancer drug.
Are Deaths Linked To Chinese Drywall?
U.S. lawmaker wants federal officials to do a more thorough review of deaths of people who lived in homes that contained smelly, possibly toxic Chinese drywall.
GE's Immelt Refuses 2009 Bonus
General Electric says CEO Jeffrey Immelt didn't receive a bonus at his request in 2009, a year in which GE's profits dropped as it struggled to recover from recession.
Lawmakers Want More Toyota Acceleration Details
House committee questioning how rigorously Toyota tested for sudden acceleration in its vehicles and is asking automaker for more records on the safety issues.
Mercedes-Benz Brazil Unit Expanding Truck Production
Daimler unit says it will expand its Sao Bernardo do Campo truck and bus plant in Brazil and has hired about 1,400 workers to meet the production increase.
Apple Delays U.S. Launch Of iPad
Much-anticipated iPad tablet computer from Apple Inc. will start hitting U.S. store shelves on April 3, slightly later than originally planned.
Information Competency: Survival in the Global Economy
The need for information has never been higher.
Boeing To Bid On Air Force Tanker Contract
Defense contractor to bid for Air Force's $35 billion refueling plane contract, leaving rival Northrop to decide if it will make its own attempt to build the long-delayed jets.
'Hybrid Revolution' Hard To Find At Geneva Show
While plenty of exhibitors in Geneva showed off alternative fuel concept cars, only a few offered production ready gas-electric or pure electric models.
New Funding Unlikely For Canada?s Auto Industry
Federal government spent billions of dollars to assist struggling auto industry in 2009, so it's?unlikely there will be any new money for the sector, industry players say.
Chrysler Promotes Two Execs
Automaker named Steve Williams head of regulatory affairs and Stephen Bartoli as head of product planning and business strategy in international markets.
