Two groups operating primarily out of China smuggled counterfeit items worth more than $300M to the U.S. in a ring that's one of the largest such scams ever uncovered, federal officials said.
Panasonic has finalized an agreement on the sale of its liquid crystal display manufacturing plant to a new display venture to be created by the Innovation Network Corporation of Japan.
U.S. factory orders fell in January by the most in 15 months after businesses sharply reduced orders for machinery and equipment.
Silver Springs Bottled Water said the plant will open under the name Crossroads Beverage Group LLC in an existing 324,000-square-foot facility.
A former executive for Glock Inc. was convicted Friday of stealing a pistol from the gun manufacturing giant and stealing millions of dollars from his employer with the help of a colleague.
The European Chamber of Commerce in China said it is disappointed with a proposed list for official auto purchases that includes only car models from Chinese automakers.
A major creditor of Proview Electronics, which is challenging Apple's use of the iPad trademark, has moved to have the ailing computer monitor maker liquidated, reports said.
As automakers prepare to roll out new models this week at the Geneva Auto Show, they are being forced to fight for a slice of an ever-shrinking market stricken with austerity and recession.
In his weekly radio and online address Saturday, Obama said Detroit automakers are on track to build cars that average nearly 55 miles per gallon by 2025, doubling current mileage standards.
A GM spokesman said that the company will shut down production of the Volt from until April 23, idling 1,300 workers at the Detroit-Hamtramck assembly plant.
The Pentagon has mothballed a laser-equipped jumbo jet after 15 years and $5 billion worth of research to develop an airborne missile defense system.
Boeing said Air Astana has ordered seven planes, including three of its new 787s. The order would be worth $1.3 billion at list prices.
Union officials say the owners of the Sparrows Point steel mill plan to temporarily idle the tin mill at the financially struggling plant.
North Dakota regulators filed court documents to take over the seed processing company that may owe farmers more than $4 million.
Century says remaining factors include the aluminum market, a competitive labor agreement, and an energy contract.
Hitachi Construction Machinery Co. said it will construct new plants and expand existing plants to increase its production capacity amid robust global demand.
The Detroit Three have spent billions since 2008 to roll out new models such as the Dodge Dart and Chevrolet Cruze.
Court spokesman Joachim Bock said judges dismissed both cases involving alleged patent infringements of the companies' respective slide-to-lock technology on mobile devices.
Health care product maker Abbott Laboratories says it will spend $270 million on a new plant in Ohio and employ 240 workers to make nutritional drinks.
The U.S. is still interested in the Super Tucano aircraft, a State Department official said days after the Air Force said it was rescinding a $354M contract for such aircraft.