News
Fire Closes Wyoming Concrete Plant
December 10, 2007 4:27 am | CommentsBlaze at Cretex Concrete Products West plant damaged two storage rooms, the boiler room and a testing room, forcing it to close down.
Renault Buys Stake In Russian Automaker
December 10, 2007 4:23 am | CommentsFrench automaker said the deal would promote development of Avtovaz, which has struggled against growing automobile imports and locally produced models of Western vehicles.
More Chrysler Job Cuts Ahead?
December 7, 2007 6:47 am | by Tom Krisher, AP Auto Writer | CommentsRecent comments by Chrysler top executives lead some analysts and employees to believe the automaker is preparing for further cuts in models, capacity and jobs.
Magna Expects BMW Mini SAV Sales To Top $1 Billion
December 7, 2007 6:02 am | CommentsCanadian auto supplier's Magna Steyr unit will be responsible for development and production of BMW Group's Mini sports activity vehicle.
Magna International President To Step Down
December 7, 2007 6:00 am | CommentsMark Hogan will leave the Canadian auto supplier at the end of the year to pursue other opportunities.
Payrolls Rise By 94,000, Unemployment Rate Steady
December 7, 2007 5:17 am | by Jeannine Aversa, AP Economics Writer | CommentsPayroll additions, an unemployment rate at 4.7 percent and wages growing briskly are encouraging signs the country's employment climate is holding up.
Report: Japan May Ease Restrictions On U.S. Beef Imports
December 7, 2007 5:15 am | CommentsConcession followed the latest round of talks between Japanese and U.S. farm officials; the imports were banned over mad cow fears more than three years ago.
ArcelorMittal Bids For China Oriental
December 7, 2007 5:10 am | by Cassie Biggs, Associated Press Writer | CommentsWorld's largest steelmaker will offer at least $1.65 billion for the remaining shares in China Oriental Group Co. that it does not own.
China Halts Exports Of Maling Canned Meat
December 7, 2007 5:05 am | by Elaine Kurtenbach, Associated Press Writer | CommentsExports from one of China's best-known food makers were stopped after authorities said they found unsafe chemicals in canned luncheon meat.
Rohm And Haas Raising Product Prices In Asia
December 7, 2007 4:59 am | CommentsChemicals maker said it will raise prices for several packaging and building materials products sold in the Asian-Pacific region due to a slew of higher costs.
Highland May Offer Alternative Bid For Delphi
December 7, 2007 4:57 am | by Vinnee Tong, AP Business Writer | CommentsHedge fund Highland Capital Management says it discussed the possibility of an alternative bid with the unsecured creditors committee and may proceed.
WTO Free Trade Talks Turn Into Blame Game
December 7, 2007 4:57 am | by Bradley S. Klapper, Associated Press Writer | CommentsWorld Trade Organization heads into 2008, its fifth straight 'final year' for talks on a new global commerce pact, with a dearth of confidence but criticism to spare.
CommScope's Acquisition Of Andrew Corp. Approved
December 7, 2007 4:45 am | CommentsJustice Department approves cable and wire manufacturer’s $2.6 billion purchase of fellow communications equipment maker — with conditions.
2008 U.S. Aerospace Industry Sales To Reach $210B
December 7, 2007 4:37 am | by Donna Borak, AP Business Writer | CommentsSales of military and commercial aircraft by U.S. manufacturers are forecast to grow by about 6 percent, with commercial planes, engines and other parts leading the way.
China, U.S. To Discuss Trade Surplus, Food Safety
December 7, 2007 4:28 am | by Henry Sanderson, Associated Press Writer | CommentsChinese officials say they are willing to discuss ways to ease the massive trade surplus with the U.S. in talks next week with Treasury Secretary Henry Paulson.
Baosteel Group Denies Interest In Rio Tinto
December 7, 2007 4:24 am | CommentsChina's biggest steel producer says it has no plans to bid for Rio Tinto, which is trying to fend off an acquisition offer from rival BHP Billiton Ltd.
Edwards Lifesciences Selling LifeStent Line
December 7, 2007 4:18 am | CommentsHeart valve maker will sell its LifeStent line of stents to C.R. Bard Inc. for up to $140 million to focus on its core businesses.
Nissan, Suzuki Get Thai Tax Breaks For Eco-Car Plants
December 7, 2007 4:15 am | CommentsThailand will grant tax incentives to the automakers for plants to produce small, fuel-efficient automobiles.
Boeing Considers 737 Replacement
December 6, 2007 11:40 am | CommentsAircraft maker has been talking to airlines for two years and is considering two options for a replacement to its most popular aircraft ever.
House Approves Boost In Auto Fuel Efficiency
December 6, 2007 11:35 am | by H. Josef Hebert, Associated Press Writer | CommentsIncrease in federal automobile fuel efficiency requirements passed as part of an energy bill that also repeals oil company tax breaks and encourages use of renewable fuels.
