Commerce Department reported that consumer spending surged by 1.1 percent last month, nearly triple the October gain.
Acquisition is one of a steady stream of takeovers by Philips' medical arm, which rivals General Electric Co. as the world's largest medical equipment maker.
First fully homegrown commercial aircraft, the ARJ-21, rolled off the production line Friday, marking a major step in the country's aviation program.
Japanese automaker is talking to Chrysler LLC about possibly building a vehicle, but there is no discussion of any alliance agreement, a spokeswoman said.
Airbus SAS is expected to finish 2007 ahead of Boeing, having logged 1,204 orders as of the end of November, the latest total available.
If the dismal sales forecasts for next year come true, Rick Wagoner says GM is determined not to rely on costly incentives, which hurt brand image and resale value.
MAPI is forecasting a mild manufacturing recession next year with a rebound in 2009.
European Commission concerned STX’s purchase of a large stake in Norway-based Aker Yards ASA, would create antitrust problems for cruise ships.
Conference Board's gauge of future business activity dropped 0.4 percent in November, indicating the economy could be dragged down further amid rising costs and housing woes.
More people signed up for unemployment benefits last week, suggesting that the job market is softening as the economy loses speed.
U.S. aircraft maker hopes agreement with Hindustan Aeronautics will also help meet its obligations under existing or future jet purchase deals with the Indian government.
Diversified industrial manufacturer plans to buy Germany's Moeller Group for $2.23 billion and launch a $565 million tender offer for Asian-based Phoenixtec Power Company.
Independent council to investigate claims Samsung Group set up a $215 million slush fund to bribe influential figures such as prosecutors, judges and government officials.
Automaker's 2009 Corvette ZR1 may be the last in a long tradition of Detroit muscle cars, endangered by federal fuel economy regulations and limits on carbon dioxide emissions.
Silicon metal maker's subsidiary, Becancour Silicon, signed a deal to sell 4,400 metric tons of solar grade silicon over five years to an unnamed solar cell manufacturer.
Market researcher NPD Group said Americans spent $4.5 billion on electronic gadgets between Nov. 18 and Dec. 9.
Despite a Japanese newspaper report, Matsushita said it hasn't made a decision regarding a possible alliance with Hitachi and Canon to produce flat panel displays.
Buyouts and retirement incentives will be offered to all UAW-represented hourly employees working at GM's service and parts and operations facilities.
Pentagon orders more than 3,000 bomb-resistant armored vehicles for U.S. soldiers in Iraq.
Airbus parent said it will sell all or part of six manufacturing sites in a major restructuring and has chosen three European companies as preferred bidders.
Automaker investing in hybrids and other technologies to tap growing consumer demand for environmentally-friendly cars and keep its sales momentum going.
While the price has created a buzz, critics say the vehicle will lead to millions more cars hitting choked Indian roads and worry Tata will cut corners in production.
Joint venture to build and operate a new expandable polystyrene plant in Romania; plant is expected to start operations by late 2009 with a 100 kiloton annual capacity.
Attorney General Patrick Lynch announced the grants to combat lead poisoning; money will be shared among six organizations and divided over two years.