Consumer product manufacturing

February 16, 2019 - 7:11 am
CHICAGO (AP) — In a story Feb. 15 about a Department of Energy lithium-ion battery research and development project, The Associated Press reported erroneously the amount that would be spent over three years and the name of Hans Eric Melin's company. The correct amount is $15 million, not $15...
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FILE- In this May 7, 2018, file photo a delivery man unloads cases of soft drinks from a Pepsi truck in New York. PepsiCo Inc. reports earns on Friday, Feb. 15, 2019. (AP Photo/Mark Lennihan, File)
February 15, 2019 - 7:28 am
PURCHASE, N.Y. (AP) — PepsiCo moved to a profit in its fourth quarter, getting a boost from a large tax benefit as sales in its Frito-Lay unit North America strengthened. Shares rose $2.36, or 2.1 percent, to $114.95 in Friday morning trading. The food and beverage company recorded a $5.3 billion...
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FILE- In this Dec. 17, 2018, file photo, a pair of athletic shoes designed for the military are laced up at a New Balance factory in Norridgewock, Maine. On Friday, Feb. 15, 2019, the Federal Reserve reports on U.S. industrial production for January. (AP Photo/Robert F. Bukaty, File)
February 15, 2019 - 7:18 am
WASHINGTON (AP) — U.S. industrial production fell 0.6 percent in January, stemming in large part from an 8.8 percent plunge in the making of motor vehicles and auto parts. The Federal Reserve said Friday that that the manufacturing component of the index dropped 0.9 percent last month, reversing a...
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FILE - In this March 8, 2018 file photo photo Volkswagen cars are pictured during a final quality control at the Volkswagen plant in Wolfsburg, Germany. Germany's economic growth has stagnated in the last three months of the year. (AP Photo/Michael Sohn, file)
February 15, 2019 - 5:50 am
MILAN (AP) — The European carmakers' association says new passenger car sales in the region dropped by 4.6 percent in January, weighed down by big declines in Spain and Italy. Despite the drop, the association said Friday that the 1.2 million cars sold last month in the European Union marked the...
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FILE- In this Aug. 9, 2018, file photo, Customers stand outside Ikea's first store in India as it opened in Hyderabad, India. India is a test case for whether Ikea should keep shifting resources toward emerging economies, including Latin America and China, given the saturation of markets in Europe and the United States, and the possibility of another global recession. Six months after Ikea opened its first store in Hyderabad, the 400,000-square-foot cornucopia of furniture, linens, kitchenware and other goodies is drawing between 10,000 and 30,000 visitors per day. (AP Photo/Mahesh Kumar A, File)
February 14, 2019 - 9:15 pm
HYDERABAD, India (AP) — Swedish giant Ikea is tackling the $40 billion Indian market for home furnishings, taking on local furniture makers in places like Hyderabad's bustling Nampally market. Ikea hopes to win over India's growing consumer class with its clean, air-conditioned stores and unique...
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FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 14. (AP Photo/Richard Drew, File)
February 14, 2019 - 9:14 am
NEW YORK (AP) — New figures showing that last month's holiday sales were far worse than previously expected helped drive stocks lower on Wall Street Thursday, threatening to end a four-day winning streak for the S&P 500 index. The surprise drop in December sales, the worst in the decade, sank a...
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Renault Chairman Jean-Dominique Senard waves upon arrival at Haneda international airport in Tokyo Thursday, Feb. 14, 2019. Senard, who recently replaced Carlos Ghosn, is expected to meet Renault's alliance partner Nissan's Chief Executive Hiroto Saikawa for merging the two automakers under one holding company. (Akiko Matsushita/Kyodo News via AP)
February 14, 2019 - 2:51 am
PARIS (AP) — In its first results since the downfall of former chairman Carlos Ghosn, French carmaker Renault reported a 35 percent slump in profits last year and warned about the impact to business if Britain crashes out of the European Union next month without a deal. Renault said Thursday that...
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FILE- In this Feb. 7, 2019, file photo the Lexus LS500 is displayed during the media preview of the Chicago Auto Show in Chicago. J.D. Power’s annual survey found that Lexus was the most dependable brand for the eighth-straight year. (AP photo/Nam Y. Huh, File)
February 13, 2019 - 10:11 am
DETROIT (AP) — Automobiles are getting more reliable, but J.D. Power's annual survey finds problems with battery failures, transmission shifting and voice recognition systems. The survey found that Lexus was the most dependable brand for the eighth-straight year, but some mass-market brands cracked...
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February 13, 2019 - 7:13 am
PARIS (AP) — France is planning to invest 700 million euros ($790 million) over the next five years to boost its production of battery cells for electric cars. Advisers to French President Emmanuel Macron said he is set to make the announcement Wednesday night at a dinner of international carmakers...
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In this May 12, 2016, photo, then Nissan Motor Co. President and CEO Carlos Ghosn speaks during a press conference in Yokohama, near Tokyo. Motonari Ohtsuru, the lawyer who had initially headed his defense, resigned as of Wednesday, Feb. 13, 2019. Ghosn thanked his former legal team “for their tireless and diligent work and courage during the interrogation phase,” but said he wanted to hire a different lawyer for the trial. Ghosn said in a statement that he was determined to prove his innocence. (AP Photo/Eugene Hoshiko)
February 13, 2019 - 6:40 am
PARIS (AP) — French car maker Renault won't pay former Chairman Carlos Ghosn millions of euros in compensation following his resignation. Renault said in a statement Wednesday its board unanimously decided to waive Ghosn's "non-compete commitment and, consequently, not to pay the corresponding...
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