Industry group promoting tax cut as a way to both help make U.S. companies more competitive and boost the economy overall; economists say long-term effects would be limited.
Expanded Santa Teresa zone includes about 1,200 acres along the New Mexico-Mexico border, with about 2.3 million square feet of manufacturing and distribution facilities.
Decision was forced on the company by a series of issues, including accumulated losses of more than $1.36 billion over the past 10 years, Mitsubishi Australia President said.
Automaker's October-December profit rose 7.5 percent from the previous year as booming sales in China, Africa and South America offset declining U.S. sales and a stronger yen.
Country's top export sector by value expects to see a decline of orders from American retailers amid fear of a slowdown in the U.S. economy.
Workers from Volvo’s Dublin truck plant went on strike February 1 after the union’s bargaining committee failed to reach a contract agreement with the company.
Canadian Press Harris/Decima survey says Canadians have taken a keen interest in India’s Tata Nano, the world's cheapest car.
The Commerce Department reports that orders placed with U.S. factories rose by 2.3 percent in December and marked the biggest increase since July.
Specialty chemical maker sells its Fluorochemicals business and related production facility to DuPont in an all-cash deal for an undisclosed sum.
Russia's UC Rusal will build aluminum complexes in Guinea and China in partnership with China Power Investment Corp.
Takeda Pharmaceutical will pay up to 1.18 billion and royalties for access to Amgen’s new drugs and the company’s Japanese unit.
Baby shampoos, lotions and powders may expose infants to chemicals, called phthalates, that have been linked with possible reproductive problems.
Pueblo, Colorado, wants to reclaim $2.37 million in incentives given to Adam Aircraft, which fell short of promises to provide 448 local jobs for seven years or pay for any shortfalls.
Industrial services and engineered products provider received a nine-year contract from ArcelorMittal expected to generate more than $100 million over its term.
Automaker plans to close four assembly plants temporarily due to the bankruptcy protection filing of Plastech Engineered Products, one of its plastic parts suppliers.
Germany remains the world's No. 1 exporter on the strength of demand abroad for everything from automobiles and washing machines to industrial equipment.
After a $10 million renovation, Angostura Limited is reopening a distilling plant in Owensboro, Ky., creating 30 to 40 new jobs.
Canadian-based Saputo Inc. will stop making string cheese at its manufacturing plant in Waldo, Wisconsin, which could mean layoffs or job transfers for the plant's 99 employees.
Economists slashed forecasts for China's fast-growing economy amid worries that a U.S. recession could cut American imports and hurt other Chinese markets.