April U.S. manufacturing technology orders totaled $372.50 million. This total, as reported by companies participating in the USMTO program, was down 26.6 percent from March and down 12.6 percent when compared with the total of $426.44 million reported for April 2012. With a year-to-date total of $1,650.91 million, 2013 is down 7.0 percent compared with 2012.
British drugmaker AstraZeneca PLC says it is to acquire Pearl Therapeutics Inc., a Redwood-City, California-based company involved in therapies for asthma and chronic obstructive pulmonary disease for at least $560 million.
China's auto sales growth decelerated further in May amid signs of weakness in its economic recovery, with Japanese automakers suffering more declines, an industry group reported Sunday. Sales growth decelerated to 9 percent over the same time last year from April's 13 percent, according to the China Association of Automobile Manufacturers.
Canadian Solar landed a $304.2 million contract to construct a power plant in Ontario, sending shares 6 percent higher before the opening bell Monday. Construction begins in the third quarter of 2013 and the plant, being built for Grand Renewable Solar LP, is expected to be fully operational by 2015.
U.S. safety regulators are trying to figure out if Honda needs to recall some older Odyssey minivans because the air bags can inflate without a crash. The National Highway Traffic Safety Administration says it has received six complaints about the front air bags suddenly inflating while the vans were being driven.
Using a cane and wearing a hat reading "Peace No Nukes," 85-year-old Lyn Harris Hicks shuffled to the front gates of the San Onofre nuclear power plant on Friday to celebrate a utility company's decision to close the seaside facility for good.
Canada warned Friday that it may impose tariffs on everything from orange juice to bread if the United States doesn't change a meat-labeling policy that Canadian beef and pork industries say is costing them more than CA$1 billion (US$979 million) a year.
The auto industry's stepped-up hiring will help sustain the nation's job growth and help fuel consumer spending. On Friday, the government said U.S. employers added 175,000 jobs in May, roughly the monthly average for the past year and a sign of the economy's resilience.
The company made $624 million last year, the best annual profit since 2008. It also boosted profit by 30 percent in this year's first quarter, compared to the same period in 2012. With lower costs and more efficient production, analysts say Harley is in a good position to grow as the global economy improves.
A soon-to-be released survey by the Society for Human Resource Management found that 9 percent of employers allowed workers to cash out unused vacation time. Five percent let employees purchase additional vacation days through a payroll deduction.
Bangladesh has suspended seven inspectors it accuses of negligence for renewing the licenses of garment factories in a building that collapsed in April, killing more than 1,100 people, a top Labor Ministry official said Monday.
In its annual World Energy Outlook report, the Paris-based IEA said top carbon polluter China saw the largest emissions growth last year, up 300 million tons, or 3.8 percent, from 2011. Still, the increase was among the lowest seen in a decade as China continues to invest in renewable energy and energy efficiency.
The planned closure of San Onofre Nuclear Generating Station will involve drastic cuts in the power plant's workforce, which currently numbers 1,500. Plans announced Friday by operator Southern California Edison call for reducing the number of employees to 600 over the next few months.
PepsiCo is shooting down a report that the company is in talks to buy SodaStream, an Israeli company that makes at-home carbonation machines. PepsiCo Inc. spokesman Jeff Dahncke said the report in an Israeli newspaper is "completely and totally untrue."
NASA's Opportunity rover is still on the move after years on the surface of Mars. The space agency said Friday the six-wheel, solar-powered rover is driving to a new spot in Endeavour Crater after spending 20 months at a site brimming with evidence of water-altered rocks.
Shares of Elan Corp. PLC jumped Friday after Royalty Pharma once again raised its offer to buy the Irish drugmaker in an increasingly bitter takeover fight. Royalty said it will now pay $13 in cash for each Elan share, and it will give stockholders the right to receive up to an additional $2.50 per share in milestone-based payments.
General Motors is laying off 560 workers while it retools an engine plant near Detroit to build a new motor. GM says layoffs at the Romulus, Mich., factory will start in August and run to late 2015. The company is rebuilding the inside of the factory to make a new, more efficient V-6 engine.
Ketchup maker H.J. Heinz Co. began a new chapter on Friday. The company, which also makes baked beans, vinegar and Classico pasta sauce, said that it completed its acquisition by Warren Buffett's Berkshire Hathaway and 3G Capital, the Brazilian investment firm that also owns Burger King.
Federal health officials say they have found bacteria and fungus in drug vials from a Tennessee specialty pharmacy that recalled all of its injectable medicines last month.The Food and Drug Administration said in an online posting Friday that it identified the growths in two unopened vials of a steroid injection distributed by the Main Street Family Pharmacy.
Attorneys for Exxon Mobil Corp. and Exxon Pipeline Co. have filed a motion asking for dismissal of a lawsuit by Mayflower residents over a recent oil spill. ExxonMobil Pipeline's Pegasus pipeline ruptured March 29 and spilled thousands of barrels of oil in the town about 25 miles northwest of Little Rock and forced the evacuation of about 20 homes.