HAMBURG/ FRANKFURT, April 25- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle, had previously seen off other...» Read More
JOLIET, Ill.-- For the first time on a key Midwestern route between Chicago and St. Louis, an Amtrak passenger train topped 110 mph Friday, ripping through fog-shrouded farm fields and blowing past cars on a parallel highway. Illinois and the country was a wasteland when it came to high speed rail, "said U.S.
PEORIA, Ill.-- Caterpillar Inc. shares fell Friday after the company reported a slowdown in sales of its heavy equipment and engines last month. Caterpillar said worldwide sales of its heavy equipment rose 6 percent in September, down from gains of 13 percent and 14 percent in August and July, respectively.
NEW YORK-- Shares of Advanced Micro Devices dropped to their lowest point in more than three years on Friday as a pair of analysts downgraded the chipmaker after it announced it will cut nearly 1,800 jobs by the end of the year to reduce spending in the face of dwindling sales.
When the University of Phoenix, the country's largest university, announced this week it's closing 115 campuses and satellite locations, it signaled more than a sudden availability of commercial real estate near highway interchanges, where for-profit colleges like to set up shop as a student convenience.
MADRID-- Spain is considering a ban on photographing, filming or reproducing images of police and state security forces who are on duty, officials said Friday. Fernandez Diaz said, "We do not intend to stop the press from doing its job of taking pictures of police charges and other proceedings.
SAO PAULO-- Brazil's national electricity grid is bracing itself for possible power outages Friday night as television airs the final chapter of the smash soap opera has enthralled Latin America's biggest country for months.
McDonald's Inc. said Friday that its third-quarter net income fell nearly 4 percent as the stronger dollar hurt international results and the chain faced tough competition in the U.S. Here CEO Don Thompson discusses the global economy.
Mississippi had a 9.1 percent jobless rate in August and a 10.9 percent rate in September 2011, according to Bureau of Labor Statistics figures adjusted to cancel out predictable seasonal fluctuations. That survey found total Mississippi payrolls rose to 1.09 million in September, up 3,200 jobs from August.
_ it's billboards to speak out against a Pittsburgh City Council plan to tax the message board. Lamar Advertising of Baton Rouge, La., is targeting the council members who are proposing the 10- percent tax, Natalia Rudiak and Darlene Harris.
HARRISBURG, Pa.-- Pennsylvania's jobless rate rose again for the fourth straight month in September, although it coincided with the biggest monthly jump in hiring since February. The state Department of Labor and Industry said Friday that the unemployment rate rose to 8.2 percent from 8.1 percent, as an estimated 29,000 people started looking for work.
DES MOINES, Iowa-- Iowa's unemployment rate has dropped to 5.2 percent in September, down significantly from the August figure. Workforce Development Director Teresa Wahlert says the decline was welcome news. Iowa's unemployment rate is far below the national rate of 7.8 percent.
TALLAHASSEE, Fla.-- Florida's unemployment rate was 8.7 percent in September, a slight improvement from the previous two months and the final state job numbers available to voters before Election Day. Florida unemployment was 8. 8 percent in July and August. "These numbers tell us two things," Florida Gov.
AUGUSTA, Maine-- Maine finance officials are giving some dreary fiscal news to lawmakers, but also point to some positive trends that could brighten the picture.
JOLIET, Ill.-- An Amtrak passenger train has reached a speed of 110 mph for the first time in Illinois. The five-car, two-locomotive train zipped through the central Illinois countryside, hitting its high speed between the towns of Dwight and Pontiac.
General Electric reported strong profit growth in the third quarter, but revenue was below expectations and investors were concerned about the company's tepid growth forecast for 2013..
MILWAUKEE-- Sensient Technologies' net income grew 3 percent in the third quarter but results weighed down by a strong dollar. Sensient, which makes colors, flavors and scents for food, cosmetics and ink, narrowed its full-year guidance, but still expects net income consistent with Wall Street expectations.
NASHVILLE, Tenn.-- Japanese automaker Nissan Motor Co. announced Friday it will add a third shift at a vehicle assembly plant in Tennessee, adding more than 800 jobs. "Nissan and Tennessee have enjoyed a long and successful partnership, and this announcement shows the strength of the company and the market demand for its products," Haslam said in a statement.
SACRAMENTO, Calif.-- California's jobless rate fell to from 10.6 to 10.2 percent in September in what may be the largest drop in 36 years, the state announced Friday. The numbers from the Employment Development Department show the largest tumble in the monthly unemployment rate since 1976, said Kevin Callori, a spokesman for the department.
BATON ROUGE, La.-- Technology and engineering firm The Shaw Group Inc. said Friday that it turned a profit in its fiscal fourth quarter. In the recent quarter Shaw agreed to be acquired by Chicago Bridge& Iron NV for about $3.2 billion. In the quarter ended Aug. 31, Shaw Group earned $113.2 million, or $1.68 per share.
AUSTIN, Texas-- The Texas unemployment rate has fallen sharply to 6.8 percent in September, down from 7.1 percent in the largest one-month drop in nearly 30 years. The Texas Workforce Commission said Friday that the state added 21,000 nonfarm jobs, led by a gain of 13,600 jobs in professional and business services.