Overseas Marlboro maker Philip Morris International Inc. says it's investing up to 500 million euros (about $680 million) for a manufacturing facility and pilot plant in Italy to make new tobacco products.The company said Friday the facilities near Bologna will produce its so-called "reduced-risk" tobacco products.
A Chinese auto parts conglomerate that wants to buy failed electric-vehicle manufacturer Fisker Automotive says it would build next-generation Fisker cars in Delaware if there is sufficient consumer demand. Wanxiang Group Corp. outlined its intentions in a court filing late Wednesday as it pushes for a competitive auction of Fisker's remaining assets.
How did the unemployment rate drop so much given the weak job growth? Because the government conducts one survey to learn how many jobs were created and another to determine the unemployment rate. The two surveys can sometimes produce differing results.
Gov. John Kasich and company and site officials planned to officially sign an accord and discuss details in Columbus on Friday. The new plant would be on land where General Motors idled an assembly plant in 2008 in the south Dayton suburb of Moraine. There were 1,100 workers at the time.
After environmentalists, lawmakers, and the oil industry got together last year to draft Illinois' first regulations for hydraulic fracturing, the rest was supposed to be easy. The unusual collaboration was praised as a potential model for other states and a rare example of political foes finding common ground on a complex issue.
U.S. wholesale businesses increased their stockpiles in November but at less than half the pace of October when they had jumped by the largest amount in two years. The Commerce Department says wholesalers boosted stockpiles 0.5 percent in November compared with October when inventories had increased 1.3 percent.
Rockford was a finalist for a massive Boeing plant before the aerospace company reached a deal with a union and agreed to build its 777X planes near Seattle, state officials said. "It speaks very well for the Rockford region how seriously Boeing took the Illinois proposal," one official said.
China's export growth slowed in December while imports accelerated, possibly helping to temper fears of a slowdown in the world's second-largest economy. Exports rose 4.3 percent to $207.7 billion, slowing from November's 12.7 percent expansion, trade data showed Friday.
CareFusion Corp. has agreed to pay $40.1 million to settle allegations it paid kickbacks and promoted its medical technology products for uses not approved by the Food and Drug Administration.
German luxury car makers Mercedes-Benz and Audi enjoyed record sales last year, boosted by rising demand in the United States and China. Mercedes-Benz, which is based in Stuttgart and owned by Daimler AG, said Friday that it sold 1.462 million cars last year worldwide, an increase of 10.7 percent.
U.S. employers added a scant 74,000 jobs in December, the fewest in three years. The disappointing gain ends 2013 on a weak note and could raise questions about the economy's recent strength.
Shortly after the Thursday night spill from Freedom Industries hit the river and a nearby treatment plant, a licorice-like smell enveloped parts of the city, and Gov. Earl Ray Tomblin issued an order to customers of West Virginia American Water: Do not drink, bathe, cook or wash clothes with tap water.
It's a world in which you no longer grip the wheel with excitement, but instead relax with a book or movie as your car chauffeurs you to your destination. It's also a future that won't materialize, say carmakers, unless legislators around the world create a new legal framework.
A November pipeline explosion in northern China that killed 62 people was caused by sparks from a jackhammer igniting oil that had leaked into the sewage system, revealing major vulnerabilities in China's aging pipeline network, government safety officials said Thursday.
The study sponsored by the Robert Wood Johnson Foundation found that between 2007 and 2012 the companies reduced their products' calories by the equivalent of around 78 calories per person per day. The total is more than four times the amount those companies had pledged to cut by next year.
Mazda Motor Corporation announced that production has begun at its new plant in Mexico. The plant, named Mazda de Mexico Vehicle Operation* (MMVO), is located in Salamanca, in the state of Guanajuato.
Using assembly lines, lasers and robotic arms, the Memphis facility is making cooking ranges and ovens for sale at major retailers. Heavily backed by politicians and supported by $150 million in incentives provided by taxpayers, the plant carries great expectations as a long-term job producer.
A filing with the U.S. District court in San Jose showed Thursday that senior legal executives from Apple and Samsung agreed earlier this week that the CEOs will meet by or before Feb. 19. The agreement was made in response to a court order to submit a proposal for settlement discussions before a new trial begins in March.
The bonus is part of the contract extension the union approved along with pension concessions in return for the company's promise to build the new 777X in Washington. The union represents about 30,000 workers in the Puget Sound area.
A subsidiary of Alcoa Inc. has pleaded guilty and the company will pay $384 million for paying bribes to the Middle Eastern Kingdom of Bahrain through a London-based middleman. The corporate secretary for Alcoa World Alumina LLC pleaded guilty on behalf of the company on Thursday in federal court in Pittsburgh.