Fed says industrial production rose 0.5 percent in July, after falling in 17 of previous 18 months, driven by increased output from auto companies.
Number of children sickened from lead poisoning rose to over 600 after authorities shutdown a smelter this week thought to have caused the contamination.
Labor Department said Friday consumer prices showed no changed in July, in line with analysts' expectations and far below the 0.7 percent jump in June.
Manufacturing sales rose 1.9 percent to $39.7 billion in June, partially reversing a 4.9 percent decline posted in May, Statistics Canada said Friday.
Piech and Porsche families will own about 40 percent of new joint Volkswagen-Porsche company, while Qatar investment fund will also take a significant stake.
News that France and Germany grew in second quarter reinforced talk that countries with less consumer debt and less dependence on financial sector will recover sooner.
Move allowing car shoppers to reserve a car not in stock will help automakers who have struggled to keep up with demand due to popular ‘Cash for Clunkers’ program.
Government is largely against efforts by U.S. to impose trade penalties on countries that do not commit to specific action against greenhouse gases.
Auto parts supplier asking bankruptcy judge for permission to terminate retiree health care and life insurance benefits for thousands of current and former workers.
Tighter limits on amount of lead allowed in children's products and tracking label requirements stir fear among small business owners, already hurting in tough economy.
Meatpacker has recalled more than 3,500 pounds of ground beef products that might be contaminated with E. coli.
Aerospace giant agreed to pay U.S. government $25 million to settle claims the company did defective work on critical military refueling planes in Iraq and Afghanistan.
German steelmaker ThyssenKrupp reported Friday a third quarter net loss of $900 million as the global recession cut into demand for steel.
Investors endorsed a $3 billion plan for Yanzhou Coal to buy Felix Resources in what would be China's biggest investment yet in the Australian minerals sector.
Appeals court revived a multibillion-dollar fraud case that alleges Johnson & Johnson paid doctors kickbacks to prescribe an expensive drug to boost sales.
Seoul court ruled Friday that former Samsung Chairman Lee Kun-hee was guilty of breach of trust and handed him a suspended prison sentence and an $89.2 million fine.
Prices in the 16 countries that use the euro fell on an annual basis for second straight month in July and by more than previously anticipated, official figures showed.
British government pledged $562 million to Airbus to help develop its A350 XWB aircraft -- significantly less than the funding already committed by France and Germany.
Automaker to increase production of its popular Focus and Escape vehicles to meet growing demand from government's 'Cash for Clunkers' program.