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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...

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...

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...

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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.                        

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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.                   

U.S. Craft Breweries See Growth Overseas

July 22, 2014 7:45 am | by Michael Felberbaum, AP Business Writer | News | Comments

Helping to quench a growing thirst for American craft beer overseas, some of the United States' largest craft breweries are setting up shop in Europe, challenging the very beers that inspired them on their home turfs.                

McDonald's, KFC Face Food Scandal In China

July 21, 2014 8:10 am | by Joe McDonald, AP Business Writer | News | Comments

McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.                

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Judge: Chinese Drywall Maker In Contempt

July 21, 2014 7:54 am | by Kevin McGill, Associated Press | News | Comments

A federal judge has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees — and to stop doing business in the U.S. — as punishment for refusing to take part in court proceedings over harm allegedly done by the product.

Chinese Chemical Company Opening Facility In Louisiana

July 18, 2014 2:39 pm | News | Comments

Yuhuang Chemical Inc., a subsidiary of Shandong Yuhuang Chemical Co. Ltd., will make a $1.85 billion capital investment in the project that represents the first major foreign direct investment by a Chinese company in Louisiana.      

'Frankenfood,' Chlorine Chicken Hurt U.S.-EU Trade Talks

July 18, 2014 12:00 pm | by Juergen Baetz, Associated Press | News | Comments

Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a sweeping free trade agreement.       

Australia Repeals 2-Year-Old Carbon Tax

July 18, 2014 9:57 am | by Kristen Gelineau, Associated Press | News | Comments

Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it.               

Bolivia Legalizes Child Labor From Age 10

July 18, 2014 8:28 am | by Paola Flores, Associated Press | News | Comments

While most of the world is trying to diminish child labor, Bolivia has become the first nation to legalize it from age 10. Congress approved the legislation early this month, and Vice President Alvaro Garcia signed it into law Thursday.       

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700 Protest Factory Closure In Myanmar

July 18, 2014 7:51 am | News | Comments

More than 700 workers protested Thursday in front of the South Korean Embassy in Myanmar to demand officials help them after a Korean-owned factory closed without paying their wages.                  

Disaster Strikes Twice For Malaysia Airlines

July 18, 2014 7:46 am | by Stephen Wright and Kelvin Chan, AP Business Writers | News | Comments

Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible to redeem.            

UK Employment Rate Reaches Record High

July 17, 2014 11:31 am | by Pan Pylas, Associated Press | News | Comments

The proportion of workers in Britain has hit its joint-highest level since records began more than 40 years ago, official figures showed in a further sign of the strength of the U.K. economic recovery.          

Comet-Chasing Probe Makes Surprise Discovery

July 17, 2014 11:20 am | News | Comments

Scientists say a space probe aiming to become the first to land on a comet has taken images that appear to show its target could actually be two separate lumps of rock and ice flying in tandem.           

Chemical Fumes Sicken 139 People In Thailand

July 17, 2014 11:08 am | News | Comments

Fumes from a chemical leak on a ship at a Thai seaport spread inland on Thursday, sickening 139 people, including schoolchildren, authorities said.                   

Japanese Nuclear Plant Deemed Safe

July 17, 2014 10:57 am | by Mari Yamaguchi, Associated Press | News | Comments

A Japanese nuclear plant won preliminary approval for meeting stringent post-Fukushima safety requirements, clearing a major hurdle toward becoming the first to restart under the tighter rules.          

Airbus Beats Boeing In Farnborough Orders Race

July 17, 2014 9:49 am | News | Comments

Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough Airshow, garnering nearly twice as many orders and commitments.                    

Ghosn: Japan's Goal For Female Bosses Goal Too Ambitious

July 17, 2014 8:23 am | by Yuri Kageyama, AP Business Writer | News | Comments

Nissan's chief executive, who has long made a point of promoting women to management positions, said the Japanese prime minister's plan to boost female bosses to 30 percent by 2020 is too ambitious.                

Obama Aims To Stop Corporate Overseas Tax Moves

July 17, 2014 8:06 am | by Tom Murphy, AP Business Writer | News | Comments

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.            

Pickup In China's Growth Reassuring But No Game Changer

July 17, 2014 8:03 am | News | Comments

A pickup in China's growth has fortified confidence the world's second-biggest economy is stabilizing as the past decade's explosive growth decelerates to the 7 percent range.                  

UAE Plans First Arab Spaceship To Mars

July 16, 2014 11:33 am | by Aya Batrawy, Associated Press | News | Comments

The United Arab Emirates, already home to the world's tallest tower, is now reaching for the stars, with plans to send the first Arab spaceship to Mars in 2021.                   

Toyota To Delay Some Vehicle Deliveries Due To Soot

July 16, 2014 8:12 am | News | Comments

Toyota Motor Corp. said it expects to delay the delivery of about 23,000 vehicles by up to a month while it cleans up soot spewed from a Nippon Steel & Sumitomo Metal Corp. plant in central Japan.         

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