Finance Minister announces cautious budget for economic downturn and will extend capital writeoff program for embattled manufacturers, including the forest industry.
Japanese tire maker will withdraw from the marine hose business after an internal investigation discovered its hose division made improper payments to foreign agents to secure sales.
Mahindra & Mahindra Ltd. plans to assemble and sell thousands of light pickup trucks annually in the United States by 2010
Flat panel maker said it plans to change its name to LG Display Co. in line with a reduction in shares held by Royal Philips Electronics NV of the Netherlands.
South Korea's Daewoo Shipbuilding & Marine Engineering Co. received a $770 million order from Oman to build five oil tankers.
Chinese-American aerospace engineer charged with stealing trade secrets on the space shuttle, the C-17 military transport and the Delta IV rocket to pass on to China.
German labor union is seeking an 8 percent raise for its members, citing ‘fat’ profits among steel makers, or else workers will escalate its wave of temporary walkouts.
Manufacturing powerhouse Germany posted a record trade surplus of $288.5 billion in 2007, as exports rose even faster than imports.
Mexican Auto Industry Association said exports jumped 33 percent in January, while production rose by nearly 26 percent compared with the same time period in 2007.
German Federal Cartel Office raided the offices of seven candy and chocolate makers amid allegations of a conspiracy to fix prices.
ECI Medical Technologies had 50 employees last fall with a payroll of more than $1.4 million, but only had eight employees when it closed its doors last Thursday.
Mobile phone maker opens a factory in low-cost Romania, while 4,000 workers from a plant in Germany protest over plans to close it down.
Cambridge, Md.-based Sensata Technologies Power Controls will move its manufacturing to Mexico, resulting in the loss of 50 jobs.
Despite introducing new vehicles, some automakers and analysts predict luxury sales will fall this year as the U.S. economic woes put a pinch on high-end buyers.
Canadian study of Avent, Gerber and Playtex bottles found ''very significant'' levels of bisphenol A — a controversial chemical linked to various health hazards.
Japan’s Chief Cabinet Secretary says investigators of the pesticide-laced Chinese dumplings are considering various possibilities for the contamination.
Automaker Funke & Will AG will sell its two-door Yes! Roadster in North America for the first time starting this summer; standard Roadster 3.2 starts at $77,995.
Chinese imports have triggered a growing number of lawsuits, but U.S. companies often find it impossible to win damages or other legal redress, especially for lawsuits filed overseas.
Norske Skog will slash production by 504,000 tons annually, shut down one paper machine in Norway, and close mills in the Czech Republic and South Korea.
Plastics and resins maker will close a Canadian plant and seek a buyer for a Texas facility to offset expected pressures from high oil prices and poor auto sales in 2008.
Pratt & Whitney expects to create hundreds of jobs after winning the largest contract in its history, supplying a new generation of jet engines for Cessna's largest business aircraft.
To meet the growing demand for flat-screen TVs, Corning will add capacity to its manufacturing facility in Taiwan that makes glass substrates for LCD screens.
As snow storms stranded migrant workers on a major holiday, most were happy to be stuck in factories, enjoying a life far from the social restrictions of their villages.
Health ministry to reinforce inspections of imported processed food and consider testing for agrochemical residues in random samples, following recent food poisoning incidents.
Two Chinese businesses and a U.S. company were indicted in the tainted pet food incidents that killed dozens of animals last year and raised worries about products made in China.