Latest Corporate News

GM to spend $6.5B, add 4,000 jobs at Michigan EV factories

Jan. 21, 2022 20:27 PM EST

LANSING, Mich. (AP) — General Motors is poised to announce next week major electric-vehicle investments in Michigan, with plans to spend $6.5 billion and create up to 4,000 new jobs at two plants. The state's economic development board is expected to approve an incentives package...

1 dead, 1 hurt in northern Illinois chemical explosion

Jan. 21, 2022 19:36 PM EST

HAMPSHIRE, Ill. (AP) — A chemical explosion Friday at a northern Illinois manufacturing plant killed one person and left another critically injured, authorities said. The incident occurred about 10:45 a.m. when two employees at the W. R. Meadows building materials plant in...

Nevada geothermal power lawsuit bound for US appeals court

Jan. 21, 2022 18:12 PM EST

RENO, Nev. (AP) — A federal appeals court will have to decide whether protecting historical tribal lands and a rare toad warrant blocking a major geothermal plant in Nevada as the nation tries to move away from fossil fuels amid a looming climate crisis. Ormat Technologies says it...

Intel to build $20B Ohio chip facility amid global shortage

Jan. 21, 2022 17:52 PM EST

COLUMBUS, Ohio (AP) — Chipmaker Intel said Friday it will invest $20 billion to build a new factory in Ohio, an attempt to help alleviate a global shortage of chips powering everything from phones to cars to home appliances while also signaling the giant company’s commitment to manufacturing...

Closing prices for crude oil, gold and other commodities

Jan. 21, 2022 16:08 PM EST

Benchmark U.S. crude oil for March delivery fell $1.76 to $85.14 a barrel Friday. Brent crude for March delivery fell 49 cents to $87.89. a barrel. Wholesale gasoline for February delivery fell 2 cents to $2.44 a gallon. February heating oil rose 2 cents to $2.69 a gallon. February...

US, Colorado reach proposed settlement in 2015 mine spill

Jan. 21, 2022 15:19 PM EST

DENVER (AP) — Colorado, the U.S. government and a gold mining company have agreed to resolve a longstanding dispute over who’s responsible for continuing cleanup at a Superfund site that was established after a massive 2015 spill of hazardous mine waste that fouled rivers with a sickly yellow...

2 Nigerian men sentenced to prison in 'romance scam' case

Jan. 21, 2022 14:16 PM EST

BIRMINGHAM, Ala. (AP) — Two Nigerian men living in New Jersey were sentenced to federal prison after pleading guilty to laundering money stolen in an online “romance scam” and other schemes though unwitting businesses, including one in Alabama, authorities said Friday. Paulinus...

GM renovating NY factory so it can make electric motor parts

Jan. 21, 2022 13:33 PM EST

LOCKPORT, N.Y. (AP) — General Motors says it will spend about $154 million to revamp an aging factory near Buffalo, New York, so it can make a key part for electric vehicle motors. The automaker says it will add about 230 jobs at the factory in Lockport, about 30 miles (48...

Feds: Nursing home operator failed to pay $29.5M in taxes

Jan. 21, 2022 13:09 PM EST

NEWARK, N.J. (AP) — The operator of a failed multi-state nursing home chain failed to pay $29.5 million in payroll and unemployment taxes for his employees at 95 facilities he operated in 11 states, federal prosecutors said. Authorities on Thursday arrested Joseph Schwartz, 62, of...

Bill to legalize pot-derived pain relief spray introduced

Jan. 21, 2022 11:36 AM EST

BOISE, Idaho (AP) — A bill that would allow Idaho residents with multiple sclerosis and other neurological disorders to use a pain-relief spray derived from marijuana has been introduced in the House. The bill provides a carve-out in Idaho code for nabiximols, an oral spray that...