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2011/01/11

Business News for Tuesday January 11, 2011

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At trade show: A magic kitchen

LAS VEGAS (UPI) -- A can of soup in the future could be heated just by placing it on a counter, a creative Michigan firm revealed at the Consumer Electronics Show this week.

Fulton Innovation, the company that produces inductive power systems, such as counters that heat pots and pans while still allowing someone to rest a hand on the "burner," unveiled "inductive ink" at the Las Vegas show, The New York Times reported Monday.

Using an inductive system would allow someone ...

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Chevy, Ford, car and truck of the year

DETROIT (UPI) -- A panel of 49 journalists voted the Chevrolet Volt and the Ford Explorer as the 2011 car and truck of the year, organizers of the Detroit auto show said.

Finalists in the automotive category included two imports, the electrically powered Nissan Leaf and the Hyundai Sonata. The Volt is also an electrically powered car, running as far as 50 miles on batteries before a gasoline engine revs up to provide power to the electric system, the Detroit Free Press reported ...

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Ford plans two-year expansion

DETROIT (UPI) -- U.S. automaker Ford Motor Co. said Monday it would add 7,000 jobs by the end of 2012, including about 5,000 this year.

In a statement, Ford President of the Americas Mark Fields said the company would "continue to grow our product line up," which includes a deeper push into hybrid and electronic technology, The Detroit News reported.

Fields said 4,000 factory jobs and 750 office jobs would be added this year and another 2,500 factor jobs would be added in ...

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U.S. markets close mixed Monday

NEW YORK (UPI) -- U.S. markets were mixed Monday on Wall Street after China reported its trade surplus declined nearly 7 percent in 2010 from the previous year.

Exports rose to a record level but imports rose further, pushed by rising commodity prices, The Wall Street Journal reported. For the year, China posted a trade surplus of $183.1 billion.

By close of trading, the Dow Jones industrial average lost 37.31 points, 0.32 percent, to 11,637.45. The Standard & Poor's 500 ...

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More Headlines

Corn, soybean, oat futures rise
Crude oil prices up on pipeline problem
Gold climbs modestly with dollar flat
Building permits decline in Canada
U.S. markets slide early
 
 
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