A German engineering company has agreed to pay a $32 million fine as part of an agreement to settle charges it worked with a Texas company to bribe Nigerian officials in order to win a $387 million pipeline contract.
One of the largest food supply companies is buying one of its key rivals, creating an even larger, global distribution company.Sysco is buying privately held US Foods for about $3.5 billion in cash and stock.
China's auto sales rose 16 percent in November as Japanese automakers extended a rebound in the world's biggest vehicle market, an industry group reported Tuesday. The figures were an unexpectedly strong performance for automakers that are looking to China to drive global sales amid weakness in U.S., Japanese and European markets.
Lawmakers took an easy step Monday when the Democratic-run Senate unanimously gave final congressional approval to a bill adding another decade to the prohibition against guns that can slip by airport metal detectors and X-ray machines.
Import volume at the nation’s major retail container ports is expected to grow 1.8 percent in December over the same month last year, and the year should end with an increase of 2.3 percent over 2012, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
October U.S. manufacturing technology orders totaled $435.02 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 10.2% from September but down 3.2% when compared with the total of $449.44 million reported for October 2012.
Shares of General Motors Co. hit their highest level Monday since returning to the public stock markets three years ago as investors anticipated the U.S. government selling its remaining stake in the company.
Specialty drugmaker United Therapeutics Corp. said Monday that it received a subpoena from federal regulators looking into the company's marketing of three drugs used to treat a form of hypertension.Investigators requested documents on the company's Remodulin injection, Tyvaso inhalation solution and Adcirca tablets.
One of the biggest stories on Manufacturing.net was one that took quite a while to bake, as it were, completely through: the bankruptcy, and subsequent sale, of Hostess Brands, Inc., maker of the Twinkie and Wonder Bread. The initial news actually came out more than a year ago, when Hostess announced it was going out of business, laying off 18,500 employees and putting its brands up for sale.
One of most-clicked stories this year was also one of the strangest: In March, authorities in China found 2,800 adult and piglet carcasses in the Shanghai River, and were forced to extract them in a grisly scene. Locals were worried the carcasses would contaminate Shanghai’s water supply, but authorities said there was no sign of contamination.
A few patients with one type of leukemia were given this one-time, experimental therapy several years ago and some remain cancer-free today. Now, at least six research groups have treated more than 120 patients with many types of blood and bone marrow cancers, with stunning results.
European air and defense company EADS is cutting 5,800 jobs over the next two years as part of a major overhaul and cost-cutting plan.The company said Monday in a statement that the jobs would be eliminated from its corporate and space and defense divisions by the end of 2016.
Cereal maker Post Holdings is buying Golden Boy Foods Ltd. and Dymatize Enterprises LLC to help expand its store-brand and nutrition businesses.Post said Monday that it is buying privately held Golden Boy from affiliates of Tricor Pacific Capital Inc. and other shareholders for $320 million Canadian ($300.2 million U.S.).
The 30-year agreement promises that any changes to Oregon's corporate tax structure won't affect Intel Corp. The chipmaker secured the agreement in exchange for an expansion it announced in October 2012. The company is spending $500 million to expand a semiconductor plant in Hillsboro and must create at least 500 jobs to get the tax guarantee.
U.S. safety regulators are looking into whether a Hyundai Elantra recall should be expanded. The National Highway Traffic Safety Administration opened a recall query to determine if 52,000 Elantra Touring cars from the 2009 through 2012 model years should be recalled.
Koch Industries, Inc., has announced the completion of its $7.2 billion acquisition of global electronic components company Molex Incorporated (NASDAQ: MOLX). Molex is now an indirect wholly-owned subsidiary of Koch Industries, and will retain its name, headquarters in Lisle, Ill., and current management team as it moves forward.
In the second part of Automotive Insights, sponsored by Omni-ID, we’re talking how re-shoring and the Southeast’s rise is changing American automaking. Over the last few years, the automotive industry has seen more foreign manufacturers, like Toyota, Honda, and Volkswagen, establishing manufacturing operations here in the U.S. What has been game-changing for many is their decision of where in the U.S. to manufacture.
A satellite jointly developed by China and Brazil failed to enter orbit after the rocket carrying it malfunctioned after launch on Monday, state media reported. The high-resolution remote-sensing Ziyuan I-03 satellite was launched aboard a Chinese Long March 4B rocket in northern Shanxi province, the official Xinhua News Agency said.
Local lawmakers who secured $15 million in the last legislative session for renovations at the University of Connecticut's Avery Point campus in Groton are now focusing on improving the math, science and engineering facilities there.
The money sought in documents filed Thursday would be in addition to the $930 million in damages that juries decided Samsung owes Apple Inc. after hearing evidence of patent infringement in two separate trials held in a San Jose, California, federal court during the past 15 months.