Industrial conglomerate reached an agreement to the unit to Clyde Blowers for up to $645 million, marking its exit from the pump and power transmission industries.
AeA, formerly known as the American Electronics Association, and the Information Technology Association of America said Thursday they are in talks to merge their operations.
Labor Department reported that applications for jobless benefits dropped to a seasonally adjusted 445,000, down by 6,000 from the prior week.
Union leader says Ford Motor Co. is planning a 1-week shutdown of the compact SUV line at its suburban Kansas City plant due to slowing sales.
Trade deficit shot up by 5.7 percent to $62.2 billion in July, much worse than the $58 billion deficit that Wall Street expected.
China's top trade envoy will visit the United States next week for talks that underscore booming commerce between the two countries.
Semiconductor manufacturing equipment maker will cut about 14 percent of its work force to lower its cash losses from operations while continuing to invest in growth areas.
Questcor Pharmaceuticals Inc. said Gary Sawka will become senior vice president and chief financial officer, replacing George Stuart, who is stepping down for family reasons.
Company said it plans to rebuild its Bahamian island factory where it employs more than half the working population after damage from Hurricane Ike forced operations to halt.
Company has announced it will lay off 200 workers and shut down its Second Chance Body Armor Plant later this month.
Union representing Muslim workers at a JBS Swift & Co. meatpacking plant plans to file grievances over the firing of more than 100 workers in a dispute over religious accommodations.
Federal commission will hear arguments next month from a Wisconsin congressman and others who say Chinese paper-making companies are engaging in unfair competition.
Authorities raided a candle manufacturing plant near Phoenix in an investigation into whether the business hired illegal immigrants and arrested 65 people.
Chief financial officer James Bell said Boeing was in a ‘cooling off period’ with its striking machinists, but that the sides remained at odds over outsourcing and other issues.
On picket lines in Seattle and production lines in Pittsburgh, union workers show no fear in demanding a hefty chunk of the profits from Boeing and U.S. Steel.
Commerce Ministry says it will enforce anti-monopoly rules in reviewing Coke's bid to buy a Chinese juice maker but gave no indication what factors might affect its decision.
Allegations of substance abuse and promiscuity by workers at government agency that issues offshore drilling leases hit lawmakers just as they prepared to vote on expanding offshore drilling.
Irish beer giant will build its new flagship brewery west of Dublin in the town of Leixlip -- where Arthur Guinness began brewing the famed dark-brown stout in 1755.
Cabinet Office said orders fell 3.9 percent in July, indicating that Japanese business investment is retreating amid higher costs and a global slowdown.
Defense Dept. canceled latest round of bidding between Boeing and Northrop Grumman for new aerial refueling tankers, and plans to hold a new competition next year.