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China To Put Glaxo Investigators On Trial In August

July 29, 2014 8:37 am | News | Comments

A Shanghai court says American and British investigators who worked for drug maker GlaxoSmithKline will stand trial Aug. 8 on charges of illegally obtaining information on Chinese citizens.                       

U.S. Companies Increasingly Look For Growth Overseas

July 29, 2014 8:16 am | by Michael Liedtke, AP Technology Writer | News | Comments

Few U.S. industries are tying their fortunes to overseas markets as aggressively as the...

Smith & Wesson Paying $2M To Settle Bribery Charges

July 29, 2014 8:08 am | News | Comments

Smith & Wesson has agreed to pay $2 million to settle civil charges of bribing government...

Walker Claims He Would Back Anti-Outsourcing Rules

July 29, 2014 7:51 am | by M.L. Johnson, Associated Press | News | Comments

Walker has made outsourcing an issue in the governor's race by criticizing Democratic...

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Lawmakers Push For Airline Safety Devices

July 28, 2014 10:51 am | News | Comments

Anti-missile devices include onboard lasers, warning systems, flares and infrared countermeasure systems, costing from $1 to $2 million per plane, Schumer and Israel said.                

Report: China Investigating Microsoft For Antitrust Violations

July 28, 2014 9:54 am | News | Comments

China's State Administration for Industry and Commerce descended on Microsoft offices in Shanghai, Beijing, Guangzhou and Chengdu, questioning employees about the company's business practices in a move that the South China Morning Post described as a "raid."

Russia: McDonald's Food Does Not Meet National Regulations

July 28, 2014 8:26 am | News | Comments

The Russian consumer protection agency said it is taking the company to court for selling foods that contain more fats and carbohydrates than are allowed by national regulations.             

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EU Antitrust Body Clears $3B Apple-Beats Deal

July 28, 2014 8:07 am | News | Comments

The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.                       

U.S. Sending Dirty Coal Abroad

July 28, 2014 8:02 am | by Dina Cappiello, Associated Press | News | Comments

As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create even more pollution.   

UK Economy Surpasses Pre-Crisis Peak

July 25, 2014 2:24 pm | News | Comments

Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday.                     

China’s Meat Scandal And Food Fails

July 25, 2014 1:03 pm | by Jon Minnick, Associate Editor, Manufacturing Business Technology | Blogs | Comments

To top it off, a video shows employees in the factory dropping the expired meat on the floor, then directly returning it to the production line.                   

Obama To Attend UN Climate Summit

July 25, 2014 12:57 pm | News | Comments

U.N. Secretary-General Ban Ki-moon has invited heads of state and other leaders to the Sept. 23 summit in New York. The U.N. says the goal is to spur governments, industry and civil groups to make new commitments to addressing climate change.       

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Russian Execs Fear Lasting Damage From Plane Crash

July 25, 2014 11:17 am | News | Comments

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. 

China Expected To Declare Qualcomm A Monopoly

July 25, 2014 8:14 am | by Joe McDonald, AP Business Writer | News | Comments

Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.                 

GM Recalls Cadillac, Camaro In China

July 25, 2014 8:11 am | News | Comments

General Motors Co. and its main Chinese partner are recalling nearly 20,000 imported Cadillac SRX sport utility vehicles and Chevrolet Camaros to replace defective seat bolts.              

Court Tosses Chiquita Terror Payment Claims

July 25, 2014 7:53 am | News | Comments

A divided federal appeals court on Thursday threw out claims against produce giant Chiquita Brands International made by relatives of thousands of Colombians killed during years of bloody civil war.          

EU Seeking Energy Efficiency To Ease Russia Gas Link

July 25, 2014 7:42 am | News | Comments

The Commission proposed to increase energy efficiency by 30 percent, an upward revision of its earlier target of 20 percent by 2020.                                  

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U.S. Nuclear Industry Needs To Think About Unthinkable Disasters

July 24, 2014 12:52 pm | News | Comments

A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios.             

Japan Trade Deficit At Record $75B

July 24, 2014 10:58 am | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record $74.9 billion in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.             

China's Factory Index At 18-Month High

July 24, 2014 8:18 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                

Reid: Taxpayers Shouldn't Bankroll Companies That Outsource Jobs

July 24, 2014 7:48 am | News | Comments

"We need to close this indefensible loophole and instead start rewarding the companies that are doing the right thing and bringing jobs back to America," said Sen Debbie Stabenow, D-Mich.             

Gov. Walker Got $68K From Companies That Outsourced Jobs

July 23, 2014 2:17 pm | News | Comments

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                 

China Detains Meat Seller's Employees

July 23, 2014 12:04 pm | by Joe McDonald, AP Business Writer | News | Comments

Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.    

Shipwrecked Concordia Makes Final Voyage

July 23, 2014 8:38 am | by Paolo Santalucia, Associated Press | News | Comments

The Costa Concordia cruise liner began its final voyage Wednesday, slowly being towed away from the tiny Italian island where it capsized more than two years ago, killing 32 people.                  

Could The U.S. Dip Into Recession?

July 23, 2014 7:56 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.               

British Experts To Analyze Black Boxes From MH17

July 22, 2014 1:03 pm | News | Comments

Britain's prime minister says black boxes from the Malaysia Airlines plane downed in eastern Ukraine will be examined by U.K. air accident investigators.                        

China's Suspect Meat Scandal Spreads

July 22, 2014 9:24 am | by Joe McDonald, AP Business Writer | News | Comments

The scandal surrounding Husi Food, which is owned by OSI Group of Aurora, Illinois, has added to a string of safety scares in China over milk, medicines and other goods that have left the public wary of dairies, restaurants and other suppliers.                 

3D Printing For Aircraft Industry Takes Off

July 22, 2014 7:59 am | by Reuters | News | Comments

European aerospace manufacturer Airbus says its pioneering use of a 3D printed titanium bracket in its A350-XWB aircraft could herald a new future for aerospace production.                    

China, Venezuela Deepen Economic Ties

July 22, 2014 7:56 am | News | Comments

Venezuela's socialist government has received roughly $50 billion from China in recent years, paying for the loans with petroleum exports.                   

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