Britain's Press Association says U.K. authorities have arrested two people as part of an investigation into the dealings in Asia of the engine maker Rolls-Royce PLC. The arrests come after the fraud office announced in December that it had opened a criminal investigation into bribery and corruption allegations at the defense and aerospace group.
Since his plea, the federal government has approved for export to Iran the very products he was convicted of helping ship, his lawyers say. Then federal prosecutors in New York told a judge after the sentencing hearing that they had mistakenly exaggerated the equipment's capabilities.
Renault says its earnings were more than halved last year even as car sales began to rebound, as heavy restructuring costs ate into the French car maker's profits. The maker of the Twingo and Clio hatchbacks said that plans to revamp its product lineup beginning in the fall and expansion in the developing world will help it lift revenue $68 billion by 2016.
Mondelez reported a fourth-quarter profit Wednesday that fell short of Wall Street expectations as the Oreo maker struggled with cookie sales in China. The company, which also makes Cadbury, Chips Ahoy, Ritz and Trident gum, said its core revenue for the final three months of the year rose 2.5 percent, primarily as a result of higher volume.
Check out some of this week's top headlines from across Manufacturing.net, from Chinese villagers attacking a factory to the Volkswagen incentives being threatened by the UAW. Also, a judge allows a lawsuit over cancer in children against Whirlpool, and a slowdown in China will be felt around the world.
An Israeli state-owned arms company developing a laser-based missile shield that evokes "Star Wars" style technology says its deployment over the country is closer to becoming a reality. Rafael Advanced Defense Systems said development of the system was advanced enough for the company to be comfortable with publicizing it at this week's Singapore Airshow.
In a report filed with Japan's transport ministry, the automaker said compressed air induction pipes in the vehicles may detach due to vibration from diesel turbo engines, potentially making it impossible for the vehicles to accelerate or causing engines to stall.
The maker of Nescafe, Perrier, Jenny Craig and Haagen Dazs is a major buyer of food commodities such as wheat, sugar, and milk and its results are a good indicator of the strength of consumer demand around the world.
Bridgestone Corp. has agreed to plead guilty in a price-fixing conspiracy and pay a $425 million criminal fine in a Justice Department investigation that has swept the automotive parts industry. Twenty-six companies including Tokyo-based Bridgestone have pleaded guilty or agreed to plead guilty in the Justice Department's ongoing probe into price fixing and bid rigging.
The fund will be set up to reward rather than offer subsidies for the prevention and control of air pollution in the key areas, according to a statement released after a Wednesday meeting of the State Council led by Premier Li Keqiang. It said controlling pollutants such as particulate matter in the air should be a key task.
Brazilian plane maker Embraer says India's Air Costa has placed a firm order for 50 passenger jets for an estimated $2.94 billion. Embraer says in a Thursday statement that the order is for 25 E190-E2s and 25 E195-E2s. The contract signed by Air Costa includes options for an additional 50 aircraft.
The shipment has been held up in a refrigerated warehouse at New Jersey's Newark Liberty International Airport after Russian authorities said the U.S. Department of Agriculture failed to provide a necessary certificate under its customs rules.
Drivers in the world's biggest auto market bought 1.85 million passenger vehicles, the China Association of Automobile Manufacturers said Thursday. It was the first time monthly sales surpassed 1.8 million. Auto sales growth is forecast to decelerate sharply from last year's 15.7 percent expansion to about 8 to 10 percent. Sales grew 17 percent in December.
The controls give rival drone makers from countries such as Israel and China a chance to win more business in the growing global market for unmanned aerial vehicles, which one group forecasts to more than double in the next decade.
President Barack Obama plans to visit Japan, South Korea, Malaysia and the Philippines in April. The White House says Obama's trip is part of his commitment to increasing U.S. engagement in the Asia-Pacific region.
The United Arab Emirates hopes to start using drones to fly government documents to citizens and is offering a $1 million international prize for unmanned aircraft that can improve the quality of life in the oil-rich Gulf state, a government adviser said Wednesday.
Francois Hollande holds up the U.S. tech industry as an economic success that he hopes to replicate at home. But he's also been among the leaders of Europe's fight to prevent what the continent sees as a systematic attempt by tech firms to invade privacy and avoid paying their corporate fair share.
Former President Hosni Mubarak championed the vehicle as part of his 2005 election platform to create jobs. Experts estimate youth unemployment as over 30 percent. Since then, the Indian-made model has proliferated around the country, with boys as young as ten working as drivers.
A federal appeals court says U.S. courts have jurisdiction over claims that a Chinese drywall company's defective product wrecked homes. The 5th U.S. Circuit Court of Appeals in New Orleans upheld a district judge's ruling that Taishan Gypsum Co. Ltd must pay $2.7 million for damage to seven Virginia houses.
Abu Ghaith has put in 16-hour days, showing how the local IT and communications sector can transform the lives of other women by giving them access to jobs and financial independence. Some say the sector, the most vibrant in an otherwise stagnant economy, could double in size over the next five years and employ thousands more.
Villagers in southwestern China infuriated by a factory that was polluting the environment smashed its offices and equipment, and later clashed with police, underscoring the potential for such concerns to trigger violent unrest.
Airbus announced its second major aircraft order of the Singapore Airshow with a deal Wednesday to deliver 20 of its superjumbo A380s to leasing company Amedeo. The 20 planes are worth about $8.3 billion but list prices are often discounted for big buyers.
Toyota Motor Corp. said that 997,000 Prius cars in Japan, some 713,000 in North America, another 130,000 in Europe and the rest in other regions are being recalled for a problem in the software to control the hybrid system. No accidents or injuries have been reported related to the problem.
The 2013 figures, released today by the U.S. Department of Commerce's International Trade Administration, represent a nearly four percent increase in South Carolina's export value, which was $25.1 billion in 2012 and previously an all-time record for the state.
Washington suspended the benefits last June, two months after the collapse of the Rana Plaza factory building in Dhaka that killed 1,129 people. The disaster put a grim spotlight on low wages and lax safety in the impoverished nation's lucrative apparel business that exports nearly $5 billion annually to the U.S.