Latest Production facilities News
With carbon capture boom, a wariness in historic Louisiana Black community over more pollution
ELKINSVILLE, La. (AP) — A dispute over a planned ammonia plant near a historic Black town in southeastern Louisiana ratcheted up a notch Friday with a challenge to the state's approval process. The battle over the plant is occurring despite the fact that part of the impetus to...
At 50, Hello Kitty is as 'kawaii' and lucrative as ever
TOKYO (AP) — Hello Kitty turns 50 on Friday. Befitting a pop icon at midlife, the bubble-headed, bow-wearing character's fictional birthday has brought museum exhibits, a theme park spectacle and a national tour. And that's just in Japan, her literal birthplace but not the one listed in her...
EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug
BRUSSELS (AP) — The European Commission said Thursday it has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for disparaging a rival company's development of a competing medicine. ...
Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods
LONDON (AP) — Chinese online retailer Temu is facing a European Union investigation over suspicions it's failing to prevent the sale of illegal products, the 27-nation bloc's executive arm said on Thursday. The European Commission opened its investigation five months after adding...
Manufactured home park residents purchase community to preserve affordable housing
MISSOULA, Mont. (AP) — When Lynda Hartless moved to Old Hellgate Village manufactured home park in 2006, she thought it was the perfect place to retire. Hartless could afford the rent on a single income and her lot has a view of the mountains. “It’s so peaceful to sit out...
PepsiCo is closing 4 bottling plants and cutting nearly 400 jobs as it streamlines operations
PepsiCo said Wednesday it plans to close four U.S. bottling plants and lay off nearly 400 workers as part of its efforts to streamline its operations. The company said the closures will impact 136 workers in Cincinnati; 131 in Chicago; 127 in Harrisburg, Pennsylvania; and fewer than...
Eli Lilly’s third quarter earnings miss and forecast cut lead to sharp stock drop
INDIANAPOLIS (AP) — Eli Lilly is dialing back its 2024 forecast after underwhelming Wall Street with third-quarter earnings and sales from two key drugs that missed expectations. The drugmaker on Wednesday chopped a few dollars off its earnings guidance after raising that forecast...
After 127 years, Smucker's has moved beyond jam. But its CEO still finds time to jam on weekends
Smucker's Uncrustables – the pillowy peanut butter and jelly sandwiches found in the frozen aisle – could soon hit $1 billion in annual sales. To keep up with demand, J.M. Smucker Co. will soon open a third Uncrustables plant. It almost didn’t happen. The product lost money for...
The leaders of India and Spain launch India's first private military aircraft plant
VADODARA, India (AP) — Indian Prime Minister Narendra Modi and his Spanish counterpart Pedro Sanchez inaugurated India's first private military aircraft plant on Monday, boosting New Delhi's ambitions of growing local manufacturing in its defense and aerospace industries. Sanchez...
Merger of handbag makers Tapestry, Capri halted as judge sides with FTC in antitrust case
NEW YORK (AP) — A U.S. District judge has halted the merger between the makers of Coach and Michael Kors handbags, saying it would reduce competition and hurt consumers. In her ruling Thursday, U.S. District Judge Jennifer Rochon noted that Tapestry Inc. and Capri Holdings are...
