Tag Archives: largest

GM’s ‘reinvention’ starts with $25 million battery lab

General Motors took a big step toward its reinvention as the "New G.M." today when it opened what it calls the largest automotive battery laboratory in the United States, a move the struggling company believes will hasten the development of electric vehicles. GM invested $25 million in the 33,000-square-foot Global Battery Systems Lab to develop and test the drivetrains underpinning the Chevrolet Volt and other hybrid, battery-electric and hydrogen fuel cell vehicles

The Most Important Economic Indicator You’ve Never Heard Of

Those bullish on global economic recovery have their data points: the steady upward climb of world stock markets, three straight months of Chinese manufacturing expansion, the weak dollar. But there are still plenty of skeptics of a rapid and robust turnaround, with their own set of numbers to cite: continued bleeding of private-sector jobs in the US and Europe, more record lows in new home construction, and, er, the weak dollar

Pakistan secures key Swat Valley city

The Pakistani military says security forces have taken back the city of Mingora from the Taliban, calling it a significant victory in its offensive against the Taliban. Mingora is the largest city in Pakistan’s Swat Valley where security forces have been fighting the Taliban in a month-long offensive. “It is a great accomplishment,” said Pakistani Maj

Mortgage Fraud Crackdown Is Gathering Steam in Florida

Florida’s Gulf Coast was crawling with shady real estate investors like Neil Husani during this decade’s housing boom. According to the U.S. Attorney’s office in Tampa, Husani and three co-conspirators working with his Sarasota-based Capital Force, Inc., bilked seven area banks out of $83 million in a mortgage fraud scheme.

Prehistoric ‘monster snake’ remains discovered

Scientists in Colombia have unearthed the remains of a true prehistoric monster believed to be the biggest snake ever to have lived on Earth. Named Titanoboa cerrejonensis, the snake would have weighed 1,140 kilograms (2,500 pounds) and measured 13 meters (42.7 feet) nose to tail tip — dwarfing the largest modern pythons and anacondas which can grow to 6 meters (19.5 feet).

Japan posts record trade deficit

Grappling with its worst economic crisis since World War II, Japan posted a record $10.1 billion trade deficit in January, the Ministry of Finance reported Wednesday. It was the fourth straight month of deficits as exports of vehicles, auto parts, electronics and semiconductors slumped.