Latest Production facilities News

The Latest: NY Fed enters overnight lending markets, again

Sep. 18, 2019 8:17 AM EDT

WASHINGTON (AP) — The Latest on the Federal Reserve's monetary policy meeting (all times local): 8:15 a.m. For the second time in as many days, the Federal Reserve Bank of New York is stepping in to free up billions of dollars to avert spiking overnight borrowing costs. The New York Fed on Tuesday infused...

Iran warns US of response to any action over Saudi attack

Sep. 18, 2019 5:30 AM EDT

TEHRAN, Iran (AP) — Iran warned the U.S. that any action taken against it following an attack on Saudi oil installations will "immediately" be met with a response from Tehran, its state-run news agency reported Wednesday, further raising Mideast tensions. Iran's president and foreign minister also may skip...

Mid South Extrusion to expand in north Louisiana

Sep. 18, 2019 4:40 AM EDT

BATON ROUGE, La. (AP) — A company is investing $4.5 million to add a 10th production line at its facility in north Louisiana. Gov. John Bel Edwards and Mid South Extrusion President Ron Mason announced the expansion Tuesday. In a news release, the family-owned company said the upgrade at its Monroe,...

The Latest: Saudi minister: 50% of crude reduction restored

Sep. 17, 2019 8:56 PM EDT

DUBAI, United Arab Emirates (AP) — The Latest on tensions in the Persian Gulf and the fallout after weekend attack on major oil sites in Saudi Arabia (all times local): 10 p.m. Saudi Arabia's energy minister says 50% of the production cut by the attack on its oil processing plant has been restored. Prince...

Trump strains to balance diplomacy, military threat to Iran

Sep. 17, 2019 6:48 PM EDT

WASHINGTON (AP) — The Trump administration tried to balance diplomacy with fresh talk of military action Tuesday in response to the fiery missile and drone attack on the heart of Saudi Arabia's oil industry — a strike marking the most explosive consequence yet of the "maximum pressure" U.S. economic...

Progress reported in contract talks between GM, union

Sep. 17, 2019 6:26 PM EDT

DETROIT (AP) — Faced with weakening sales, a deteriorating global economy and an unpredictable trade war, General Motors and striking auto workers appeared to be making progress Tuesday toward a four-year labor contract. The two-day walkout by 49,000 workers brought to a standstill more than 50 factories...

Japanese auto parts supplier to bring 900 jobs to Texas

Sep. 17, 2019 5:34 PM EDT

CIBOLO, Texas (AP) — A Japanese auto parts supplier says it will build a new plant and bring 900 jobs to a suburb of San Antonio. Transmission maker Aisin AW said Tuesday it will build a new production site in Cibolo, Texas, about 25 miles (40 kilometers) outside of San Antonio. The company will invest...

Pork slaughter rules give companies more food safety tasks

Sep. 17, 2019 4:45 PM EDT

DES MOINES, Iowa (AP) — The federal government finalized a new rule for most U.S. pork processing plants Tuesday that allows meatpackers to remove limits on the speed of production lines and place more animal inspection and food safety tasks with company employees. The first significant processing rule...

Duke Energy plans to invest more in renewable power

Sep. 17, 2019 3:58 PM EDT

CHARLOTTE, N.C. (AP) — Duke Energy says it plans to invest heavily in renewable energy and natural gas powered plants to further reduce its carbon emissions by 2030. One of the nation's largest utilities said Tuesday it plans to double its portfolio of solar, wind and other renewable power sources by 2025...

Apple awards $250 million to supplier of glass for iPhones

Sep. 17, 2019 2:21 PM EDT

FRANKFORT, Ky. (AP) — Apple on Tuesday deepened its ties with a Kentucky manufacturing plant by awarding $250 million to support Corning Inc.'s continued work to develop glass for iPhones and other devices. The award builds on the $200 million that Corning received from Apple's Advanced Manufacturing Fund...