Being linked to the acquisition of Saab's car making assets could help bring the huge, state-owned utility a step closer toward its long-sought goal of breaking into the electric vehicle market.
The explosion occurred when workers were checking a newly installed oxygen unit in the steel melting unit of the Vizag Steel plant.
Caterpillar Inc. said Wednesday that its board has approved a 13 percent increase in the quarterly cash dividend, marking the biggest percentage dividend increase since the financial crisis of 2008.
Small Business Innovation Research & Global Trade Summit offers manufacturers the opportunity to secure billions in federal grants and commercial contracts.
Chinese consumers can afford to splash out more on higher quality products but also expect better value for their money than in the past, an American Chamber of Commerce study found.
General Motors' lossmaking Opel subsidiary has outlined a plan to end production at its plant in Bochum, Germany, in return for extending a no-layoff guarantee for two years through 2016.
Federal workplace safety officials have hit hair care manufacturer Zotos International with fines of $233,000 for hazards at its upstate New York plant.
U.S. companies increased their stockpiles at a faster rate in April, despite only modest growth in sales.
American Fuji Seal, a unit of packaging company Fuji Seal International, is adding 45 jobs with a $10 million expansion in Kentucky.
A steep drop in gasoline costs drove down a measure of U.S. wholesale prices in May by the most since July 2009. But outside the food and energy categories, prices increased moderately.
Swedish automaker Saab Automobile was Wednesday rescued from insolvency when an Asian consortium sealed a deal to buy the brand's main assets with the aim of making electric cars.
General Motors is making progress in restructuring its money-losing European operations, CEO Dan Akerson told shareholders.
A jury has awarded $25M in damages to a New York steel plant employee who says his bosses failed to stop years of racial taunts and insults from his co-workers.
Ford has transformed a nearly 60-year-old assembly plant into the new home of the redesigned Escape, its entry in the ultra-competitive small SUV category. And it's bolstered the workforce to make the vehicle.
Solar company stocks shined Tuesday on signs that global demand for solar products is improving.
Kraft Foods Inc. plans to close a cheese plant in Waupaca and lay off 120 employees in a cost-cutting move.
Akerson ranked Europe at the top of GM's problems, telling shareholders that the company is making progress there.
A new education-to-work program will give students hands-on experience in manufacturing while they earn a two-year degree.
Shares of A123 Systems jumped in early trading after the embattled electronic-car battery maker said that it had developed new lithium ion technology capable of operating in extreme heat or cold.