Many environmental concerns are starting to surface as East Coast cities plan to dredge their ports — like in Miami, where engineers would drill for two years to deepen Biscayne Bay's limestone bottom. But like many cities, Miami wants business from new cargo ships from the Panama Canal.
Thursday, the Pentagon announced its new strategy for dealing with threats around the world. The goal is to use the new blueprint to guide difficult budget choices in the coming years. The new document is released as the U.S. winds down two long wars — in Iraq and Afghanistan — and embarks on a period of defense budget cuts.
General Motors is scrambling to quiet concerns about fire dangers involving its high-profile electric hybrid car, the Chevy Volt. GM is asking Volt owners to bring in their hybrid electric cars for what it calls "enhancements."
Scott Thompson, 54, has a tough job waiting for him at Yahoo. The company has been struggling to find its way as Google, Apple and Facebook surge ahead. Yahoo fired Carol Bartz as its CEO in September after losing patience with her attempts to turn around the company.
Residents of Wichita, Kansas, are outraged after Boeing announced Wednesday that it will close a massive defense plant there. More than 2,000 highly skilled jobs will be gone by the end of next year. The announcement sparked considerable frustration among elected officials who had been lead to believe that more Boeing jobs were on the way to Wichita.
There is a natural gas drilling boom going on in Youngstown, Ohio. But a series of earthquakes there has renewed focus on activities like drilling and mining that are known to cause earthquakes. Now people in the area are weighing safety over economic growth.
The ADP National Employment Report signals that the jobless rate likely fell further last month. Meanwhile, the number of claims for unemployment insurance dipped again last week and employers have fewer layoffs planned in coming weeks.
The Boeing Corp. says it will shut down the company's Wichita facility, which specializes in maintaining and modifying its commercial planes for military or government use. The plant, which has 2,160 employees, is slated to close by the end of 2013.
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