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Business


Awards For 5D Robotics

SAN DIEGO,  (UPI) —  A U.S. company that produces software for use with robots has, with its partners, won several awards at the 2012 Robotics Rodeo at Fort Benning, Ga. California company 5D Robotics Inc. said its software “integrates human behaviors with leading robotics hardware.” “We’re happy to be providing a single common software package […]

Navistar CEO Steps Down

LISLE, Ill., (UPI) —  U.S. truck and bus maker Navistar International Corp. said Monday Chief Executive Officer Daniel Ustian is retiring, effective immediately. The company’s statement did not mention the company’s current troubles, which include a loss of $172 million in the second quarter and a U.S. Securities and Exchange Commission investigation of “certain accounting […]

Italians Cut Back On Espresso

ROME (UPI) — A trade association said the economic downturn has forced Italians to cut back on something near and dear to them — a cup of espresso. ANSA said Saturday that the Federazione dei Pubblici Esercizi trade association is reporting a sharp reduction in consumer consumption of espresso. The price has also bumped up […]

Theaters Going Digital Or Die

MINNEAPOLIS (UPI) — U.S. movie theaters with antiquated projection equipment must convert to costly digital technology or face extinction, an industry official says. Minneapolis Star Tribune reported Saturday that by the end of the coming year the six major movie studios will only release new titles in digital format. The old 35-millimeter film format won’t […]

Navistar CEO Steps Down

LISLE, Ill. (UPI) — U.S. truck and bus maker Navistar International Corp. said Monday  Chief Executive Officer Daniel Ustian is retiring, effective immediately. The company’s board appointed Lewis Campbell, former chairman, president and CEO of Textron Inc. to serve as Navistar’s executive chairman of the board and interim CEO. Campbell is currently on the board […]

Hertz To Buy Dollar Thrifty For $2.3 Billion

PARK RIDGE, N.J. (UPI) — Hertz Global Holdings has reached an agreement to purchase  Dollar Thrifty Automotive for $2.3 billion, officials of the car-rental companies said. Hertz, formerly owned by Ford Motor Co., said it would pay $87.50 per share for Dollar Thrifty, which was formerly owned by Chrysler. The deal took more than three […]

Best Buy Opens Door To Founder's Bids

MINNEAPOLIS (UPI) — The board of U.S. retail giant Best Buy said it had agreed to give founder Richard Schulze permission to pursue a bid to take control of the company. The board and Schulze had agreed on an orderly process for the former chairman to have access to company information and bid on the […]

A Kodak Moment Set To Fade Away

ROCHESTER, N.Y. (UPI) — Bankrupt camera pioneer Eastman Kodak in New York said it would sell its core film business units, including its film products and its processing kiosks. “We are reshaping Kodak,” Chairman and Chief Executive Antonio Perez said in a statement. The company filed for bankruptcy protection in January, as it has failed […]

Durable Goods Orders Up 4.2 Percent

WASHINGTON, N.Y. (UPI) — The Commerce Department said U.S. durable goods orders rose 4.2 percent in July, a much higher gain than economists’ expectations. After a seemingly healthy gain of 1.6 percent in June, economists forecast another 1.6 percent rise for July. New orders in June rose to $230.7 billion, pushed by a $9.9 billion […]

First-Time Jobless Benefit Claims Rise

WASHINGTON (UPI) — Initial unemployment benefits claims for last week were 372,000, an increase of 4,000 from the previous week, the U.S. Labor Department said Thursday. The four-week average was 368,000, up 3,750 from the previous week’s revised average of 364,250. The advance number of unadjusted actual first-time jobless benefits claims under state programs totaled […]

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