Companies including a Louis Dreyfus Holding BV unit are shipping U.S. ethanol to Brazil, the world’s second-largest producer, to help meet demand at a three-year high, three people with knowledge of the shipment said.
Senate Majority Leader Harry Reid won’t consider raising the U.S. minimum wage to any level less than $10.10 an hour, though some of his fellow Democrats say they are ready to negotiate a lower amount.
In 1914, Henry Ford announced he was more than doubling the average wage of Ford Motor Co. factory workers to $5 a day, in part so they could afford a Model T. His act took the world by surprise, spurred auto sales and helped create an American middle class.
Henry Ford was born 150 years ago, July 30, 1863. He is remembered now for building a great many automobiles, for saying that history was “bunk” and for a strenuous anti-Semitic campaign that did his Ford Motor Co. incalculable harm (and whose effects the company has successfully worked to ameliorate almost since the day he died, in 1947).
Philip Caldwell, Ford Motor Co.’s first chief executive officer who wasn’t a member of the founder’s family, and who gambled the automaker’s future on the Taurus sedan in the 1980s, has died. He was 93.
Google Inc., creator of the world’s most-used search engine, asked a federal court in San Francisco to declare it doesn’t infringe two patents belonging to the University of California and its licensee Eolas Technologies Inc. of Tyler, Texas.