The former head of Italian aerospace and defense giant Finmeccanica , accused by prosecutors of making bribery part of the company culture, went on trial Wednesday for his alleged role in the payment of bribes to secure a crucial $670 million helicopter contract in India.
Chinese property and cinema conglomerate Dalian Wanda Group said Wednesday it is buying British...
General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to...
The Los Angeles Board of Education on Tuesday approved the purchase of $30 million worth of iPads as the first part of a multi-year commitment. It found that the iPad was the least expensive option that met its specifications. The initial order is for more than 31,000 iPads, Apple said.
Lawmakers adopted an amendment by voice vote to a wide-ranging farm bill just before midnight that would delay the rules signed into law in 2011 until the Food and Drug Administration conducts a study on their economic impacts. The proposed rules would require farmers to take new precautions against contamination.
Stratasys Ltd. said Wednesday the acquisition will enable it to offer affordable desktop 3-D printers. MakerBot, whose machines are priced around $2,000 to $3,000 and are aimed at the "prosumer" market, sells direct to buyers over its website. In contrast, Stratasys makes machines priced $10,000 to $600,000 mostly to industrial clients through resellers.
Manufacturing in China contracted this month at a faster pace as demand weakened, according to a private survey Thursday, adding to fears about a fragile recovery in the world's second-biggest economy.HSBC said that the preliminary version of its monthly purchasing managers index fell to a nine-month low of 48.3 in June, down from 49.6 in May.
The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks the rate will be between 6.5 percent and 6.8 percent by the end of 2014, better than its previous projection of 6.7 percent to 7 percent.
Porsche is the top performer in an annual survey of new vehicle quality. J.D. Power questioned more than 83,000 U.S. car owners about problems with their 2013 vehicles in the first 90 days of ownership. In the results released Wednesday, Porsche, GMC, Lexus, Infiniti and Chevrolet owners reported the fewest problems.
That word conjures up pilotless planes dropping bombs or spying in war zones. But industry officials and regulators say the day is coming when unmanned aircraft will be regularly used for more mundane purposes — and people will be at ease with them appearing in their skies.
Research shows an increase in overseas sales by companies already exporting, and a growing interest in exporting among those who have yet to test the international waters. Exporters say demand for their goods, from clothing to blankets to crop dusting planes, is rising.
The government watchdog group said there have been 39 reports of inner tube ruptures that have caused the wheel rim to break off and become a projectile. The incidents took place mostly when the tires were being inflated, causing cuts and bruises to arms, legs, torso and head or face.
Judge Thomas M. Rose of the U.S. Southern District Court of Ohio issued the order Monday. The Hartford, Conn., aerospace company said in a regulatory filing Tuesday that it will appeal the order. With damages, penalties and interest, United Technologies said the penalty would rise to about $660 million.
Senators are seeking cost-cutting opportunities in the Pentagon's $400 billion program for the next-generation F-35, a fighter jet with a troubled testing record that military leaders say America cannot afford not to build. Chairing the hearing, Sen. Dick Durbin on Wednesday compared the F-35's history to a textbook on how not to develop a plane.
Xerox, based in Norwalk, Conn., sold its U.S. and Canadian paper businesses earlier this year. The copier company said it is focusing on growing its business services and document technologies. Xerox doesn't make paper but has distributed a range of papers and specialty print media through its brand name.
Issuing an appeal for a new citizen activism in the free world, President Barack Obama renewed his call Wednesday to reduce U.S. and Russian nuclear stockpiles and to confront climate change, a danger he called "the global threat of our time."
Customers of George's Tire in West Point are specifically ordering Yokohama's car and light truck tires, said owner Todd Glusenkamp. Glusenkamp said he has seen an overall sales increase of about 20 percent to 30 percent since he started distributing Yokohama tires just over a month ago.
Obama said at a news conference in Berlin Wednesday that he has confidence in the eurozone's policies to resolve the 17-nation bloc's debt crisis, but also warned that policymakers must not lead to lose sight "of our main goal, which is to make people's life better."
The European Union has fined Danish pharmaceuticals multinational Lundbeck and several other producers a combined 146 million euros ($195 million) for delaying the market entry of cheaper generic alternatives to a major antidepressant. The EU claimed that the companies sought to capitalize profit at the expense of patients.
Telecommunications equipment manufacturer Alcatel-Lucent launched a major effort Wednesday to boost its fortunes by shedding businesses and jobs as part of a deep cost cutting program. Shares rose nearly 5 percent on the announcement, as investors hope that the plan brings the solid profits that have eluded the Paris-based company for years.
But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Administration, covers only 1.56 million of the 2.7 million Jeeps that the government wanted repaired. The rest are part of a "customer service action" and many may not get fixed.
This is the magic of the Running Right Leadership Academy, a $23 million training complex dedicated to teaching miners how to avoid injury and death in any disaster, and in one of the most dangerous work environments. Alpha Natural Resources calls it the only facility of its kind in the world, a place where crises can be created but controlled, giving miners realistic preparation for the day they hope will never come.
Tesla is recalling as many as 1,228 of its Model S vehicles, citing a problem with a rear seat latch in the electric sports sedan. Chairman and CEO Elon Musk said in a blog entry Wednesday that the strength of a mounting bracket for the rear, left seat latch may be weaker than intended.