Struggling French carmaker PSA Peugeot Citroen says a former executive at rival Renault will lead the company when its current chairman steps down. The company said Monday that Carlos Tavares, who was Renault's chief operating officer, will join PSA's managing board in January. He will replace the current board chairman, Philippe Varin, at some point next year.
Qualcomm is being investigated by Chinese regulators for possible violations of the country's anti-monopoly law. The company said Monday that details of the investigation by the National Development and Reform Commission are confidential.
General Electric said on Monday that it is close to a solution for engines that are losing power for a few seconds after ingesting ice chunks as big as a half-gallon. The problem came to light over the weekend after Japan Airlines said it will stop using its new Boeing Co. 787s on some routes.
The director-general of the World Trade Organization says negotiators have failed to craft the first global trade deal in more than a decade, which could have given the world economy a $1 trillion boost. Roberto Azevedo says diplomats from the WTO's 159 members tried hard but "cannot cross the finish line here in Geneva" ahead of a summit where ministers were to have signed the deal in Bali, Indonesia, next week.
Merrell Williams Jr., a one-time Kentucky paralegal who took on Big Tobacco as a whistleblower who leaked internal documents exposing health risks and the addictiveness of cigarettes, has died in Mississippi, decades after he joined the fight that forever changed perceptions of smoking.
The Food and Drug Administration is lifting severe safety restrictions on the former blockbuster diabetes pill Avandia, citing recent data suggesting that the much-debated medication does not increase the risk of heart attack.The repeal means patients will no longer have to enroll in a special registry to be eligible to receive the drug.
That means methane may be a bigger global warming issue than thought, scientists say. Methane is 21 times more potent at trapping heat than carbon dioxide, the most abundant global warming gas, although it doesn't stay in the air as long.
Chrysler said Monday that its shares will be sold on the New York Stock Exchange when they're listed, but potential investors shouldn't expect that until next year.Italian automaker Fiat SpA, Chrysler's majority owner, said earlier Monday that Chrysler's board has determined an initial public offering is "not practicable" in 2013.
BlackBerry's interim chief executive has shaken up BlackBerry's management team in a move seen as prelude to him taking the top job himself. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by recently ousted CEO Thorsten Heins, will leave the struggling smartphone maker.
Ground was broken in March 2012 at the new $500 million facility for Continental Tire, the North America arm of German-based Continental AG. Officials initially said the first tire should roll off the assembly line in 2014, with the plant completely built and fully operational in 2021.
The 43rd Tokyo Motor Show opened to the public Saturday, with leading automakers showcasing next-generation fuel-cell cars and self-driving vehicles. A total of 426 passenger and commercial cars as well as two-wheelers are on display at Tokyo Big Sight through Dec. 1.
Sinopec's expansion of petrochemical projects has met with resistance from members of the public, and Friday's blasts in the eastern port city of Quingdao will likely add to growing concern about safety and environmental risks. The accident was the deadliest involving Sinopec.
Wal-Mart Stores CEO and President Mike Duke plans to step down Feb. 1. The company says Doug McMillon, head of international operations, will succeed him.Duke, 63, who had been with Wal-Mart since 1995, had been at the helm since February 2009. Duke will stay on as chairman.
A Chinese furniture maker is establishing its first U.S. subsidiary in Virginia's Smyth County. Gov. Bob McDonnell announced the $2.1 million project Friday. He says the New Ridge subsidiary of Liaoyang Ningfeng Woodenware Co. is expected to create 125 jobs.
A report released Friday by Sen. Robert Menendez of New Jersey, chairman of Senate Committee on Foreign Relations, said Bangladeshi authorities need to make further improvements in factory safety and labor rights. The report, compiled by staff of the committee's Democratic majority, acknowledged some progress, but said the presence of labor unions is still nominal.
In the lawsuit, Philip Berger claimed he developed inflammation of the lung after breathing contaminants from a chemical used to cool cutting tools at Copeland Scroll Compressors, a firm owned by Ferguson-based Emerson Climate Technologies.
A federal appeals court has tossed out a more than $6 million award to the family of a North Carolina teenager who died after being shocked with a Taser.In a 2-1 ruling Friday, the 4th U.S. Circuit Court of Appeals in Richmond upheld a jury's finding that Taser International was negligent in the 2008 death of 17-year-old Darryl Wayne Turner.
It is unclear whether the company or its executives will face criminal charges. Several lawyers who represent victims in lawsuits say health care companies charged with selling contaminated drugs often reach settlements with the federal government and agree to pay large fines.
Until the settlement announced Friday with Duke Energy Corp. and its renewable energy arm, not a single wind energy company had been prosecuted for a death of an eagle or other protected bird — even though each death is a violation of federal law, unless a company has a federal permit. Not a single wind energy facility has obtained a permit.
A judge has declined to act immediately on a request to close a factory that residents say is stinking up their Southern California city with spicy smells produced by the manufacture of the popular hot sauce Sriracha.City News Service reports that Judge Robert O'Brien did agree Friday to take Irwindale's request for a preliminary injunction to close the plant under consideration.