Business News

Obama announces $33 billion hiring tax credit for jobs

President Obama announced today a proposal to establish a $33 billion tax credit to encourage small businesses to hire more workers and increase wages. The plan is one of several the ... Read More

Kansas City-St. Louis high-speed rail effort gets $31M

The Obama administration on Thursday said it will provide $31 million to help build high-speed passenger-rail service between Kansas City and St. Louis. The award is part of $8 billion in ... Read More

Washington U. wins $13 million Gates Foundation health grant

Washington University School of Medicine in St. Louis has received a five-year, $13 million grant from the Bill & Melinda Gates Foundation to help eliminate elephantiasis and river blindness. The parasitic ... Read More

Chicago-St. Louis high-speed rail gets stimulus funding

Illinois scored more than $1.2 billion of the $8 billion in federal high-speed rail stimulus grants to be announced Thursday, enough to cut the Chicago-to-St. Louis travel time by nearly 25% ... Read More

Smith Electric Vehicles can supply electric vehicles to federal agencies, military

Smith Electric Vehicles U.S. Corp. said Wednesday that its Smith Newton vehicle has been approved for purchase by federal agencies and the military, the only all-electric medium/heavy duty truck with the ... Read More

Obama to announce high-speed rail plan post-speech

A day after delivering a State of the Union address aimed at showing recession-weary Americans he understands their struggles, President Barack Obama intends to award $8 billion in stimulus funds to ... Read More

F-35 to dominate future fighter market

During the past decade, world fighter production totaled only around 2,500 units, but over the next 10 years, annual deliveries are set to rise. Unlike the 1970s and 1980s, when large ... Read More

Wind power grew 39% last year

Despite a crippling recession and tight credit markets, the American wind power industry grew at a blistering pace in 2009, adding 39 percent more capacity. The country is close to the ... Read More

GM to invest $246 million in electric motors

General Motors announced plans on January 26 to design and manufacture electric motors, saying the first were scheduled to debut in 2013 in a next generation, rear wheel drive hybrid vehicle. ... Read More

Corning profit soars on TV glass demand

Corning Inc. said Tuesday its profit almost tripled in the fourth quarter on surging sales of glass for flat-screen televisions and computers. The world’s largest maker of liquid-crystal-display glass, accounting for ... Read More