Swiss prosecutors say a subsidiary of Germany's Siemens AG has acknowledged it failed to prevent bribes being paid to a Russian gas company and agreed to pay nearly $11 million in fines.
Sogefi Group plans to expand its auto parts plant in Wayne County and create 250 new jobs. The governor says in a news release that the expansion project is scheduled to begin in January.
Hundreds of workers from the SL Garment Processing (Cambodia) Ltd. factory clashed with hundreds of riot police sent to block a march from the factory to the residence of Prime Minister Hun Sen, according to two human rights groups.
A new Associated Press investigation, which claimed that ethanol hasn't lived up to some of the government's clean-energy promises, is drawing a fierce response from the ethanol industry.
A labor union seeking the reopening of Ormet Corp.'s aluminum smelter in eastern Ohio is launching a multimedia campaign aimed at Ohio Gov. John Kasich.
The hills of southern Iowa bear the scars of America's push for green energy: The brown gashes where rain has washed away the soil. The polluted streams that dump fertilizer into the water supply.
In courts, government tribunals, and regulatory agencies around the world, Apple Inc. has argued that Samsung's Android-based phones copy vital iPhone features. Samsung Electronics Co. is fighting back with its own complaints that some key Apple patents are invalid and Apple has also copied Samsung's technology.
Defense contractor Raytheon Co. has announced an expansion in Forest that will bring 150 new jobs to the area. The Mississippi Development Authority is giving the company $6 million to pay for renovation and infrastructure, as well as for the construction of the 20,000-square-foot addition.
European consumer groups are worried about the effects of a proposed trade deal with the U.S., fearing a flood of risky or unsafe foodstuffs, medicines and other imports from America.
China's leaders finished a closely watched policy meeting Tuesday with a promise to give market forces a bigger role in the country's state-dominated economy but failed to produce dramatic reforms to overhaul a worn-out growth model.
A Lincoln County pharmaceutical plant will be closing, putting about 310 people out of work. Actavis PLC said Monday it will take until the middle of 2015 to close the plant, which makes creams and ointments.
BMW Manufacturing announced today that Manfred Erlacher, a 29-year veteran with the company, has assumed responsibility for the Spartanburg factory. Erlacher succeeds Josef Kerscher who has returned to Germany to run the plant in Dingolfing.
Five years after a global financial crisis erupted, the world's biggest economies still need to be propped up.They're growing and hiring a little faster and creating more jobs, but only with extraordinary aid from central banks or government spending.
Lawmakers approved the legislation in just three days last week after Inslee called the Legislature back to Olympia for a special session dedicated to Boeing. The bill extends Boeing's tax incentives all the way to 2040, and the benefits have a projected value of $9 billion.
Sweden's Ericsson AB, the world's largest maker of telecommunications networks, says in a report Monday it expects smartphone traffic to grow tenfold in the next six years, with service providers increasing high-speed networks to deal with the surge. Total mobile subscriptions are predicted to reach 9.3 billion by 2019.
PepsiCo plans to invest $5.5 billion in India by 2020 as it focuses on growth in emerging markets. The maker of Mt. Dew, Gatorade and Frito-Lay chips plans to spend the money on new products, agriculture programs, selling infrastructure and manufacturing capabilities.
Dallas-based Luminant Generation had asked the U.S. Nuclear Regulatory Commission for a license to double the number of nuclear reactors at its Comanche Peak plant from two to four.
Just a few years ago, drillers suspected water recyclers of trying to sell an unproven idea designed to drain money from multimillion dollar businesses. Now the system is helping drillers use less freshwater and dispose of less wastewater.
The negotiations take place against the backdrop of European pique over reported U.S. electronic espionage, and were delayed due to the U.S. government shutdown. But officials for both sides say the benefits of the proposed Transatlantic Trade and Investment Partnership are too great for the talks to be affected.
The trucks are being recalled because tie-rod ends in the steering system may have been installed improperly, which Chrysler says stemmed from technicians misinterpreting instructions. Those tie-rods could be out of alignment, which Chrysler says can lead to steering failures.