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Ron Gettelfinger won a second four-year term as president of the United Auto Workers, as the union confronts issues of job cuts at U.S. auto and parts plants face demands for pay reductions at their largest parts supplier, Bloomberg reported.

Oil firm BP said Wednesday it plans to spend $500 million over the next 10 years to establish a dedicated energy research laboratory at a U.S. or British University, and that it would be the first facility of its kind in the world.

A legal challenge to a plan to lease the Indiana Toll Road to a foreign consortium is in the hands of the Indiana Supreme Court, three weeks before the $3.8 billion deal that would be the nation’s biggest road privatization is scheduled to go through, the Associated Press reported.

U.S. industrial production dipped 0.1% in May, the Federal Reserve said Thursday.

About 10,000 fatal automobile crashes a year — nearly one-third of all such accidents — could be prevented if more vehicles were equipped with technology that helps to keep them from rolling over, an insurance industry report said this week, the Associated Press reported.

Manufacturing growth increased in New York state in June, the Federal Reserve Bank of New York reported Monday.

The pace of manufacturing growth in the Philadelphia area slowed in June, though manufacturing new orders rose, the Federal Reserve Bank of Philadelphia said Thursday.

The number of Americans filing first-time unemployment claims dropped to a four-month low of 295,000, the Labor Department said Thursday.

Engine and heavy-equipment manufacturer Caterpillar Inc.’s board of directors voted to raise the company’s quarterly cash dividend 5 cents to 30 cents per share, a 20% increase, the company said Wednesday.

Michelin Americas Truck Tires and truck stop chain Petro Stopping Centers have signed a three-year agreement by which Petro will sell BF Goodrich commercial truck tires and Michelin retreads.