The finance ministry said in a statement that officials will explore the possibility of joining the Trans-Pacific Partnership through the preliminary negotiations. The move is a first step and doesn't commit South Korea to becoming part of the agreement but the trade ministry has been talking up its benefits for the economy.
In a landscape dotted with massive crumbling relics of Spartanburg County's textile heritage, it might seem impossible for a smaller outfit to beat the odds. But Green Textile Associates Inc., which has been family-owned for four generations, has continued to thrive. The company will celebrate its 76th anniversary this year.
German automaker VW has begun construction at its Chattanooga plant for an extension of its assembly parts shop warehouse. The extension will triple the warehouse capacity to more than 300,000 square feet. It is expected to be completed by August. The on-site expansion will eliminate the need for two external staging warehouse.
Angry workers set fire to one of Bangladesh's largest garment factories, destroying the nine-story building, because of rumors that a fellow worker had been killed in a clash with police, a company official said Friday. No casualties were reported because the factory was closed at the time.
The owner of a New Hampshire gunpowder plant where an explosion killed two workers has been sentenced to 10 to 20 years in prison. Craig Sanborn, of Maidstone, Vt., was convicted last month of manslaughter and was sentenced Wednesday.
Before the 2007 ethanol requirement, the conservation program had grown every year for nearly a decade. Farmers began leaving the program almost immediately after the mandate. Meanwhile, Congress cut money for the program, reducing the amount of farmland that could be placed in conservation.
The Justice Department says a Japanese auto parts maker has agreed to pay a $120 million fine as part of a plea agreement to settle a pair of price fixing schemes. The plea agreement and indictment filed in Toledo, Ohio, were finalized Tuesday by the U.S. Department of Justice.
Purdue Pharma said in a statement that the FDA accepted its application for Targiniq ER, an extended release tablet that combines oxycodone — the active ingredient in OxyContin — with the drug naloxone. The naloxone, which can reverse the effects of opioids, is intended to help make the medicine less likely to be abused.
Finance Minister Pierre Moscovici said Wednesday that the pension for Philippe Varin was "inappropriate," especially in light of recent layoffs, the company's financial troubles and falling sales during Varin's four years as chief executive.
A measure of the U.S. economy's health increased in October, suggesting consumers and businesses mostly shrugged off the 16-day partial government shutdown.The Conference Board says its index of leading indicators rose 0.2 percent in October to a reading of 97.5.
Businesses spent less last month on machinery, computers and most other items, lowering orders for U.S. long-lasting factory goods. The decline suggests companies may have been reluctant to invest during the 16-day partial government shutdown.
The number of Americans seeking unemployment benefits dropped 10,000 last week to a seasonally adjusted 316,000, a sign that workers are in less danger of being laid off. The Labor Department says the less volatile four-week average fell 7,500 to 331,750. Both the weekly jobless claims and the average have returned to pre-recession levels.
Beijing is waging a war against air pollution, one barbecue at a time. Authorities in the capital have destroyed more than 500 open-air barbecues "to cut PM2.5" — the tiny particulate matter in the air that can enter deep into the lungs.
Motorola will start selling a cheap smartphone in the U.S. more than a month ahead of schedule. The company says it was able to produce the Moto G phones faster than expected. The U.S. launch was initially planned for January. But it is going on sale Tuesday.
Hewlett-Packard posted net income of $1.4 billion for its fiscal fourth-quarter, as cost cuts stemming from its ongoing restructuring more than offset the effects of sluggish computer demand. The world's second-largest maker of PCs, considered a bellwether in the technology industry, also issued a strong profit prediction for the current quarter.
Honda Motor Co. on Tuesday started the construction of its second auto assembly plant in Brazil that is scheduled to open in 2015. Honda invested about 1 billion real (about $437 million) for the Sao Paulo plant to meet growing demand in Brazil, the fourth largest auto market in the world.
As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.
A judge has given a dose of cold water to Sriracha, ruling Tuesday that the factory that manufactures the trendy hot sauce must partially shut down after neighbors complained of the spicy smells it was producing.
U.S. consumers' confidence in the economy fell in November to the lowest level in seven months, dragged down by greater concerns about hiring and pay in the coming months.The Conference Board said Tuesday that its index of consumer confidence dropped to 70.4 from 72.4 in October.
Ford is recalling the Escape small SUV again, this time to fix oil and fuel leaks that could cause engine fires. The hot-selling SUV has been recalled seven times since it was redesigned and went on sale in the spring of 2012.