Speculation has been growing that Japanese electronics makers will join forces to be more competitive.
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.
World's largest soup maker agrees to sell its upscale Godiva brand to a Turkish food company for $850 million.
More than 600 workers are employed at the assembly plant on St. Petersburg's outskirts that will produce 20,000 cars a year in the initial phase.
First fully homegrown commercial aircraft, the ARJ-21, rolled off the production line Friday, marking a major step in the country's aviation program.
Home manufacturer to acquire SRI Homes, a Canadian producer of manufactured and modular homes, for $113.9 million.
Japanese automaker is talking to Chrysler LLC about possibly building a vehicle, but there is no discussion of any alliance agreement, a spokeswoman said.
Fire broke out in a cracking furnace at an ethylene plant of Mitsubishi Chemical Corp. in Kamisu, Ibaraki Prefecture.
Metso will supply Mondi's Syktyvkar mill in Russia with a rebuilt white liquor plant; delivery to be completed in November 2008.
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.
Maker of paint, coatings, glass and chemicals eyes Asia after completing its acquisition of SigmaKalon Group, Europe's second-largest coatings maker.
European Commission concerned STX’s purchase of a large stake in Norway-based Aker Yards ASA, would create antitrust problems for cruise ships.
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.
U.S.-Chinese agreements designed to make imports safer will serve as a model for other countries, says Health and Human Services Secretary Mike Leavitt.
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.
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.
Report from the National Association of Manufacturers suggests small and medium manufacturers seek out new partners along the global supply chain to capitalize on growth and mitigate risks.
British drug developer completed its buyout of heart drug specialist Reliant Pharmaceuticals after the U.S. Federal Trade Commission ended its antitrust waiting period early.
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.
Manufacturer of industrial power transmission and motion control products signed an agreement to divest its TB Wood's Adjustable Speed Drives business to Vacon.
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.
Manufacturer of canned pork meat containing chemical residues and sold in Hong Kong had also used 3.2 tons of contaminated meat, Shanghai's food inspector said.
Energy bill requiring vehicles to average 35 miles per gallon by 2020 will shape the mix of fuel-efficient vehicles and technologies during the next decade.