IW Staff

Traders on the floor of the NYSE.
Economy Grows in the Third Quarter, with Manufacturing Production Up, Too
GDP increases at a 2.1% annual rate, slower than the second quarter but up from initial estimates, with the manufacturing sector right in line and forecast for more growth.
Alcoa Plants in Syracuse Won't Close After All, as State Intervenes
New York is ponying up $68.8 million in aid to keep the smelting furnaces fired up and save 500 jobs.
Auto Jobs Rise Steadily in California
The number of automotive jobs has grown in the state more than 25% since 2011, according to data from the California Employment Development Department.
A Volkswaegn logo on a car grille.
German Prosecutors Probing VW Staff for Tax Evasion
Proof that when it rains, the floods come, too: Public prosecutors have launched a probe against five Volkswagen employees in a case linked to the ongoing emissions scandal.
Ford Recalls 450,000 Fusions, Milans for Fuel Tank Defect
The fuel tank in the 2010-2011 models can crack and possibly cause a fire.
Google cloud honcho Urs Hölzle.
VMWare Co-Founder Takes Charge of Google Cloud Business
In related news, Google cloud honcho Urs Hölzle says the company's cloud business might haul in more revenue than its advertising within the next five years.
Microsoft, Volvo Partner Up on Driverless Tech
Other areas of possible cooperation are information-gathering to "enhance the driving experience" and using predictive analytics to improve safety.
A Seattle, Washington, construction project.
US Manufacturing Shows Strength in October
Manufacturing production is up 0.4% in October and, after upward revisions for August and June, the sector receives a dose of much-needed good news that bodes well for 2016.
Sony president and CEO Kazuo Hirai with a Betamax player.
Sony to End Betamax Tape Production in 2016 (Wait, What?)
Betamax lost the tape wars to VHS decades ago, then both were replaced by DVDs, Blurays and streaming video. Except nobody told Sony, which still makes the 1970s tech, and will until the last tapes roll out in March.
GM to Sell Chinese-Made Cars in US, Report Says 4
GM will introduce the Buick Envision, a midsize sport-utility vehicle made in Shandong province, the Wall Street Journal reported.
Workers at a Porsche plant.
US Jobless Rate Falls to 5.0%, Supporting Fed Rate Hike
The jobless rate drops to 5.0% after the economy added 271,000 net new jobs in October, though the manufacturing sector remains stagnant.
Italian Paper Manufacturer Sofidel Announces Multiple US Investments
Italian Paper Manufacturer Sofidel Announces Multiple US Investments 1
“The U.S. market is a key market for our group, because it is the first in the world in terms of per capita consumption in the tissue sector,” explained Luigi Lazzareschi, CEO of Sofidel Grou
Alstom Announces Major Share Buyback After GE Deal
Days after GE and Alstom finalize a deal worth more than $10.5 billion, the French group announces plans to buy back almost $3.5 billion in shares to refocus the company.
Kraft Heinz to Close 7 Plants, Lay Off 2,600 Workers
The company also announced it is moving its Oscar Mayer headquarters from Madison, Wisc., to Chicago.
The GE logo.
GE Acquires France's Alstom, Forms Power Division
A $10.6 billion price tag will net General Electric a tremendous asset to offer a go-to source for power plant management.
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