Dole Food Company Inc. said Thursday it will appeal a decision by a European court that fines the company €45.6 million ($59.3 million). The European Union fined Dole and several other produce companies in 2008, saying the companies were part of a cartel that fixed prices for bananas in eight EU countries roughly 10 years ago.
Local authorities on the Aland Islands in the Baltic Sea say a local brewer will begin producing a beer inspired by bottles found in a 19th century shipwreck three years ago. Five bottles of beer, along with 168 bottles of champagne, were pulled from a submerged schooner that experts believe sank in the 1840s.
Boeing Co. said Thursday that it received a commitment from Swiss International Air Lines to buy six of its 777-300ERs. Boeing said it will work with Swiss to sign a firm order. The large, long-haul planes have a list price of $1.9 billion, although discounts are common.
The U.S. current account trade deficit narrowed in the final three months of 2012. But that didn't prevent the deficit for the entire year from climbing to the highest level in four years. The Commerce Department reported Thursday that the current account deficit in the October-December quarter narrowed to $110.4 billion, down 1.8 percent from the previous quarter.
MAPI forecasts that industrial production will increase 2.2 percent in 2013, an increase from 2.0 percent in the December 2012 forecast. A further pickup is likely in 2014, with growth anticipated to be 3.6 percent, above the 3.2 percent in the previous report.
Volkswagen's chief executive Martin Winterkorn said Thursday the company faces a challenging year particularly in Europe where many countries are in recession. Winterkorn told the company's annual news and analyst conference that "Volkswagen is feeling the headwinds — especially in Europe."
There's strong bipartisan support for deeper U.S.-India ties, which have been pushed by the administrations of George W. Bush and Barack Obama, and trade has grown markedly in the past decade and is approaching the $100 billion mark. But experts say that total is small, considering the size of the two economies.
Beijing tightly controls map-related activities due to both national security concerns and political sensitivities about the location of its borders. Providers of map services for websites and mobile phones must obtain government licenses and locate their servers within China.
UGN has six manufacturing facilities across the United States producing superior acoustic, interior trim, and thermal management products for North American and Japanese automotive manufacturers, and no U.S. jobs will be lost because of the recent expansion.
French carmaker Renault SA reached a potentially groundbreaking deal with leading unions Wednesday that allows it to reduce its workforce and cut costs in exchange for keeping jobs and production in France. Renault and other European carmakers have been struggling to stay competitive globally as Europe's car market flails.
An independent panel says the operator of Japan's tsunami-crippled nuclear plant misinformed investigators and blocked inspection of key equipment last year, but that there was no cover-up attempt. The case involves a parliamentary probe of equipment at the Fukushima Dai-ichi nuclear plant's Unit 1 reactor.
The Central Bureau of Investigation filed the charges under India's corruption prevention laws against Shashi Tyagi, three of his cousins and officials of four defense companies after an investigation revealed that huge bribes were paid to steer the contract to Italian defense group Finmeccanica's helicopter division.
Foreign Ministry spokeswoman Hua Chunying repeated China's assertion that it is firmly opposed to cyberattacks and one of the countries that has suffered most from them. She says the country cracks down on such hackers according to the law.
Lamborghini says its worldwide deliveries of super sports cars rose 30 percent last year to 2,083 units but remained shy of pre-crisis highs. The Italian carmaker owned by Volkswagen said Tuesday that deliveries were up by half in its top U.S. market and up by 34 percent in Europe despite the region's financial crisis.
Pollution and public frustration about it are hardly new to China. But now, the ruling party is under pressure from entrepreneurs and professionals who are crucial to its development plans and want cleaner living conditions. Pressure intensified after this winter's record-shattering smog in Beijing.
Interpol's newly created Pharmaceutical Crime Program aims to help health agencies, police and customs bureaus in countries around the globe stem the supply of bogus brand-name and generic medicines, as well as identify and dismantle the organized crime rings distributing them.
January U.S. manufacturing technology orders totaled $370.62 million. This total, as reported by companies participating in the USMTO program, was down 26.5 percent from December and down 12.2 percent when compared with the total of $422.33 million reported for January 2012.
Markets have started the week sluggishly Monday as investors pause for breath following a dash that's seen the Dow Jones index in the U.S. record a series of all-time highs. The Dow Jones industrial average was flat at 14,400 while the broader S&P 500 index fell 0.1 percent to 1,551.
Last week, TVN24 showed footage of green-colored sausages at the plant, while an anonymous worker was heard saying they would be cleaned, dried and added to new products. Another man said that tons of old meat were added to products instead of being destroyed.
China's auto sales accelerated in the first two months of this year, rising 19.5 percent over the same period of 2012 in a possible positive sign for an economic recovery. Automakers sold 2.8 million cars in January and February, the China Association of Automobile Manufacturers reported Monday.
A surge in the dumping of dead pigs upstream from Shanghai — with more than 2,800 carcasses floating into the financial hub through Monday — has followed a police campaign to curb the illicit trade in sick pig parts. The effort to keep infected pork off dinner tables may be fueling new health fears.
The EU has banned animal testing of finished cosmetic products since 2004. The ban on cosmetics containing animal-tested ingredients was first decided four years ago but initially left loopholes for certain tests following resistance from cosmetics companies.
The Justice Department says two Japanese air freight forwarding companies have agreed to plead guilty and pay a combined $18.9 million in fines — the latest of 16 firms ensnared in a price-fixing conspiracy. The department says the 16 companies have agreed to pay more than $120 million in criminal fines.
With GDP growth stabilizing in major regions of the world, manufacturers are expecting reduced sales forecast uncertainty, enabling them to plan supply requirements and manufacturing capacity with far greater confidence, the study found.
Economic growth rebounded in the final quarter of 2012 from a three-year low. The latest trade data might help to reassure analysts who say China's recovery is still shaky and will be too weak to drive a global rebound without a revival in the United States and Europe.