Bombardier Aerospace says it has signed a firm agreement to to sell 16 of its CS300 aircraft to a Saudi Arabian airline with an option to sell an additional 10 aircraft. The order for the 16 aircraft is valued at approximately $1.21 billion, but should all 10 options be exercised, the value of the contract would increase to $1.99 billion.
International climate negotiators agreed at the 2009 U.N. climate change conference in Copenhagen that global warming this century shouldn't increase by more than 2 degrees Celsius to avoid the worst impacts of climate change. According to the International Energy Agency, $36 trillion of global investment will be needed in clean energy by 2050 to meet this goal.
The General Court in Luxembourg ruled Thursday trademark protection can't be granted because buttoning the label to the soft toy's ear lacks a "distinctive character" and doesn't in itself enable average consumers to recognize the product's origin.
The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.
Oil giant BP forecasts world demand for energy to grow by 41 percent by 2035, driven by growing consumption in the booming economies of China and India. That represents a drop from 55 percent growth in the previous period, and BP says the growing use of renewable energy will help energy suppliers meet the world's needs.
The National Security Agency has implanted software in nearly 100,000 computers around the world — but not in the United States — that allows the U.S. to conduct surveillance on those machines, The New York Times reported.
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.
Chinese tech giant Huawei on Wednesday rejected suggestions its telecoms equipment is vulnerable to hacking and forecast a rise in 2013 profit of nearly 50 percent. Chief financial officer Cathy Meng rejected as "groundless" reports that Huawei equipment might be more vulnerable to security threats than telecoms infrastructure made by other companies.
General Motors Co. today announced that its dealers had delivered 9,714,652 vehicles worldwide during 2013, which is 4 percent higher than the previous year. The company said China and the United Kingdom, as markets, posted the largest year-over-year sales increases, each 11 percent up over the year before.
The planned $13.62 billion acquisition of the owner of Jim Beam and Maker's Mark by a Japanese company adds two more classic brands to the lineup of bourbon staples tied to foreign-based parent companies. Wild Turkey and Four Roses are other historic brands with foreign ownership connections.
The U.S. is accusing China of failing to comply with a World Trade Organization ruling against China's imposition of duties on high-tech American steel. Washington says the duties caused a $250 million annual drop in exports. The ruling concerns grain oriented flat-rolled electrical steel that is used primarily by the power generating industry.
A fire at a shoe factory in eastern China on Tuesday killed at least 16 people, state media reported. The blaze broke out at the Dadong factory in the city of Wenling in Zhejiang province, state broadcaster CCTV said. Firefighters put it out about three hours later and rescued more than 20 people, it said.
The Federal Cartel Office said Monday that the companies involved fixed price increases for draft and bottled beer between 2006 and 2008. Five firms were fined — Bitburger, Krombacher, Veltins, Warsteiner and Barre — along with seven people deemed to be "personally responsible."
After tallying a record number of airplane orders and deliveries last year, Airbus is admittedly facing a high bar in 2014. The European aerospace conglomerate said Monday it delivered 626 planes last year, a company record but still 22 fewer than U.S. rival Boeing Co.
China's biggest drug distributor says two former executives are the target of a corruption investigation, widening a graft probe that has focused on foreign pharmaceutical makers. A former vice president of state-owned Sinopharm Group Ltd., Shi Jinming, was detained last week by Shanghai prosecutors for "an investigation in relation to an allegation of corruption against him," a company statement said.
China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.
The $13 billion Odisha steel plant would be the largest-ever foreign investment in India. The country has been embroiled in fierce debates over how to protect its environment while lifting hundreds of millions of people out of poverty through investment and infrastructure development.
Overseas Marlboro maker Philip Morris International Inc. says it's investing up to 500 million euros (about $680 million) for a manufacturing facility and pilot plant in Italy to make new tobacco products.The company said Friday the facilities near Bologna will produce its so-called "reduced-risk" tobacco products.
German luxury car makers Mercedes-Benz and Audi enjoyed record sales last year, boosted by rising demand in the United States and China. Mercedes-Benz, which is based in Stuttgart and owned by Daimler AG, said Friday that it sold 1.462 million cars last year worldwide, an increase of 10.7 percent.
A November pipeline explosion in northern China that killed 62 people was caused by sparks from a jackhammer igniting oil that had leaked into the sewage system, revealing major vulnerabilities in China's aging pipeline network, government safety officials said Thursday.
The chiefs of Samsung Electronics Co. and Apple Inc. will meet to discuss settling a bitter two year legal battle over designs and technologies of smartphones and tablets. A filing with the U.S. District court in San Jose showed Thursday that senior legal executives from Apple and Samsung agreed earlier this week that the CEOs will meet by or before Feb. 19.
A subsidiary of Alcoa Inc. has pleaded guilty and the company will pay $384 million for paying bribes to the Middle Eastern Kingdom of Bahrain through a London-based middleman. The corporate secretary for Alcoa World Alumina LLC pleaded guilty on behalf of the company on Thursday in federal court in Pittsburgh.
The French drug safety agency has approved commercial sales of a medicine derived from cannabis for the first time in France. France's Health Ministry said in a statement Wednesday that sales of Sativex, produced by Britain's GW Pharmaceuticals, will be allowed for the treatment of muscle spasms associated with multiple sclerosis.
An explosion at a chemical factory in central Japan on Thursday killed at least five workers and injured 17 others, authorities said. Investigators suspect chemical reaction involving hydrogen caused the blast at metal and chemical company Mitsubishi Materials Corp.'s Yokkaichi plant, about 350 kilometers (220 miles) west of Tokyo.
Motorbikes and containers housing security guards were set alight, sending thick smoke over the complex. Footage showed people throwing rocks at police in riot gear who huddled together. Local official Duong Ngoc Long said police restored order after three hours. Four people were injured, he said.