Latest Production facilities News
Milton spares Daytona Beach, Florida, factory that's a critical supplier of IV fluids
A Florida factory that makes IV fluids critical to hospitals nationwide will restart Friday morning after shutting down while Hurricane Milton tore through the state. B. Braun Medical's manufacturing site and distribution center in Daytona Beach were not seriously impacted by the...
Ratan Tata, an Indian industry legend and business icon dies aged 86
NEW DELHI (AP) — Ratan Tata, one of India’s most influential business leaders, was cremated after a state funeral in the country’s financial capital on Thursday. The veteran industrialist, former chairman of a $100 billion conglomerate Tata Group, died at a Mumbai hospital on Wednesday night...
Bacon hogs the spotlight in election debates, but reasons for its sizzling inflation are complex
She blames greedy companies for price-gouging. He blames the Biden administration’s economic policies. Kamala Harris and Donald Trump agree on one thing: Tapping into sour consumer sentiment about high grocery prices is one way to court voters. Bacon prices have...
Mexico takes the US side in potential trade battles with China and seeks to boost local content
MEXICO CITY (AP) — Mexico’s top economic official has suggested his country will actively take the U.S. side in looming trade battles with China. “There is a dispute between China and the United States, stronger now than it was a few years ago," Economy Secretary Marcelo Ebrard...
Hyundai has begun producing electric SUVs at its $7.6 billion plant in Georgia
SAVANNAH, Ga. (AP) — Hyundai has begun producing electric SUVs in Georgia less than two years after breaking ground on its sprawling, $7.6 billion manufacturing plant west of Savannah. Hyundai's factory in Georgia held an “employee-focused celebration” Thursday as its first EV...
In Philadelphia, Chinatown activists rally again to stop development. This time, it's a 76ers arena
PHILADELPHIA (AP) — Vivian Chang works on a narrow Philadelphia street that would have been consumed by a Phillies stadium had Chinatown activists not rallied to defeat the plan in the early 2000s. Instead of 40,000 cheering fans, the squeals of young children now fill the playground at Folk...
Helene damaged a factory that makes IV fluids
The fallout from storm damage to a North Carolina factory that makes critical hospital supplies will be felt broadly and could linger, experts say. Flooding triggered by Hurricane Helene hit a Baxter International plant in North Cove, North Carolina, that makes much of the...
Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products
NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is...
Warren Buffett buys rest of Berkshire Hathaway's utilities, but investors must guess at the price
OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for that 8% stake in the massive utility business. Berkshire Hathaway...
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone said Tuesday that they will pay $56.50 per Smartsheet Inc. share. The agreement includes a 45-day “go-shop” period during...
