Anheuser-Busch InBev, the world's largest brewer, says its third-quarter profits rose as the takeover of new brands and higher selling prices offset the impact of lower sales volumes. The gain largely reflects the company's $20 billion purchase of the remainder of Mexico's Grupo Modelo.
The stalling of the federal government contributed to worsening business conditions in nine Midwest and Plains states, according to a monthly economic report issued Friday.
The former CEO of a company that made fire-resistant building blocks has pleaded guilty to scamming nearly $5 million from people who lost their homes in two wildfires. The Santa Barbara News-Press reports 64-year-old Penny Estes entered her plea to 28 counts on Thursday. She could face nearly 40 years in prison when she's sentenced.
U.S. factory activity expanded in October at the fastest pace in 2½ years, suggesting that the 16-day partial shutdown of the government had little effect on manufacturers.Instead, overseas demand and healthy U.S. auto sales appear to be supporting factory output.
Ford is recalling about 3,100 F-Series ambulances because the engines can stop unexpectedly. The F-350, F-450 and F-550 "Super Duty" ambulances have 6.7-Liter diesel engines. They're from the 2011 and 2012 model years.
A judge refused Thursday to order an immediate halt to production of the internationally popular hot sauce Sriracha at a Southern California factory that local residents say is stinking up their neighborhoods with pepper and garlic fumes.
Whirlpool Corp. says extensive soil tests show no evidence of illegal dumping or widespread contamination in an area of northern Ohio where children were among dozens of people who have been sickened in a cancer cluster.
William C. Lowe had a bold idea: IBM should develop a personal computer that could be mass marketed, expanding the company's reach beyond businesses and into people's homes.
Boeing Co. is speeding up production of its 737 again as it aims to cut down a huge backlog of the jets.
Ghosn attributed the weaker than expected performance to a variety of troubles, chief among them weakness in many emerging markets and painfully expensive recalls. He announced a management reshuffle that will make the company's chief operating officer, Toshiyuki Shiga, a vice chairman and appoint three other executives as COOs.
Executives with Wal-Mart Stores Inc. say they plan to move production of some shoes from overseas to a manufacturing plant in south Georgia, which they say will create 250 jobs in the state. The retailer on Thursday announced plans for the facility in Hazelhurst, about 100 miles west of Savannah.
Battery Ventures portfolio company Industrial Safety Technologies (IST) has completed the acquisition of the Oldham fixed-point gas detection business from Industrial Scientific Corporation.
In a report released Wednesday, the FDA says testing of imported spices between 2007 and 2010 showed that spices were twice as likely as other inspected foods to be contaminated with the pathogen. More than 80 different types of salmonella were detected.
Authorities are investigating a deadly explosion at a manufacturing plant in the northwest Georgia town of Rockmart. Polk County Coroner Lester Litesey III tells The Associated Press that 56-year-old Elaine Davidson of Rockmart died in the blast.
On the heels of a profitable third quarter, Chrysler Group said it will proceed with a public offering of shares before the end of this year.
The number of Americans applying for unemployment benefits fell 10,000 last week to a seasonally adjusted 340,000, a sign that employers are laying off very fewer workers.
Facing a sluggish economy, Obama is helping connect foreign and domestic companies and investors with economic development organizations across the country while promoting the United States as a sound business environment.
Accenture has today announced its intent to acquire PCO Innovation, a systems integration group that specializes in product lifecycle management (PLM) technology. Terms of the agreement were not immediately announced, nor were details as to how the companies will integrate services, facilities and labor forces.
United States Steel Corp said on Tuesday it will permanently shut down iron and steelmaking operations at its Hamilton, Ontario, mill at the end of this year. The decision is a blow to Hamilton, long the center of Canada's steel industry, which has been hit hard by plant closures over the last decade.
Nestle USA says it's relocating its frozen pizza division from Illinois to the Cleveland suburb of Solon, joining its other businesses and an expanding research center there. The world's largest food company expects about 250 jobs eventually to come from the move.