Chinese demand for foreign brands soared after drought in Australia and New Zealand cut supplies from China's major sources of imported baby formula. Chinese parents who have enough money have largely shunned local brands since a contaminated milk scandal in 2008 left six babies dead and another 300,000 sick.
Orders for long-lasting U.S. factory goods fell in March by the most in seven months. The drop reflected a steep decline in commercial aircraft demand and little growth in orders that signal future business investment. That followed a 4.3 percent gain in February, which was revised lower.
A man doing welding work on the rooftop of a Glendale manufacturing plant is dead of an apparent electrocution. Authorities say the man was badly burned and fell 20 feet to the ground after he somehow touched live wires around 11:20 a.m. Thursday.
A Russian cargo spacecraft has docked with the International Space Station, despite the failure of an antenna on its navigation system to deploy. The unmanned Progress cargo ship was launched Wednesday from Russia's main space facility in Baikonur, Kazakhstan.
Canadian methane company Methanex Corp. is moving a second $550 million methane plant from Chile to Louisiana.Gov. Bobby Jindal and Methanex Vice President Gary Rowan announced the plans Thursday in Ascension Parish, saying the move will add 35 jobs to 130 expected when the first plant opens late next year.
CareFusion Corp. said Thursday it will pay about $41 million to resolve a government investigation into marketing practices for its antiseptic ChloraPrep. The investigation also covered CareFusion's relationships with health care professionals. The company said it agreed to the settlement in principle and is also entering into a non-prosecution agreement.
The Ford Motor Co. Fund plans to donate $1 million over five years for efforts involving the College for Creative Studies. The Detroit school and the Dearborn-based automaker announced the donation Friday to establish the Henry Ford Academy: School for Creative Studies' College and Career Transitions Office.
A southern Illinois plant that helps make nuclear fuel is calling back workers in hopes of resuming operations in June. The plant was forced into a yearlong shutdown due to regulator-requested upgrades. Honeywell says some 135 salaried and another 135 hourly workers will be in place by the targeted restart of the Metropolis plant.
The wave of deadly fungal infections was identified in September and linked to a large Massachusetts compounding pharmacy, which regulators said was operating more like a manufacturer. The new proposal would subject such large compounding operations to direct federal oversight by the Food and Drug Administration.
Clean diesel car registrations increased by 24.3 percent in the U.S. from 2010 through 2012 following similar trends of double-digit diesel car sale increases throughout the country, according to new data compiled for the Diesel Technology Forum.
As Bangladesh reels from the deaths of hundreds of garment workers in a building collapse, the refusal of global retailers to pay for strict nationwide factory inspections is bringing renewed scrutiny to an industry that has profited from a country notorious for its hazardous workplaces and subsistence level wages.
U.S. economic growth accelerated from January through March, buoyed by the strongest consumer spending in more than two years. The strength offset further declines in government spending that are expected to drag on growth throughout the year.
Seoul said it issued a Friday deadline for North Korea to respond to its call for talks because it was worried about its workers not having access to food and medicine. North Korea hasn't allowed supplies or workers to cross the border since early this month.
Pfizer Inc. CEO Ian Read said Thursday that continuing expirations of drug patents through 2015 will restrain revenue growth, but the world's largest drugmaker is trying to offset that with launches of several medicines and research to create new ones.
The employee of Lake Orion, Mich.-based Complete Automation was killed Thursday in the factory's paint plant. Bob Light, a spokesman for Complete Automation, said the employee was killed when a large electrical panel fell while it was being moved.
Hostess Brands LLC says it will reopen its eastern Kansas bakery this summer, with the hiring of an initial 250 people already underway. The announcement was made Thursday by the investment partnership that bought Hostess Brands' snack cake product lines.
CEO Alex Gorsky responded that J&J is making progress in improving quality standards and efficiency and returning to stores "a reliable supply" of recalled consumer health products such as Tylenol and Motrin. Some have been out of stores for a few years, cutting into revenue.
Syrian merchants and factory owners have rented apartments in the Lebanese capital as well as Dubai and Cairo. Many skyscrapers dotting Lebanon's famed Mediterranean corniche are known to have been rented out to Syrians at exorbitant prices.
Corning Inc. says it plans a $250 million expansion of its diesel plant in an upstate New York town, adding 250 jobs to the 500 already at the facility. The company says the plant in the Steuben County town of Erwin makes emission control products used in heavy-duty diesel engine trucks and agricultural equipment.
DuPont shareholders again rejected a proposal calling for the company's chairman to be an independent director and not have served as a DuPont executive. Shareholders voted down the stockholder proposal at their annual meeting Wednesday in Wilmington, with 66 percent of ballots against and 34 percent in favor.