Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday. The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
A jury has added $290 million more to the damages Samsung Electronics owes Apple for copying vital iPhone and iPad features, bringing the total amount the South Korean technology titan is on the hook for to $930 million.
A food-processing company has pushed back the date for restarting a closed factory in eastern Indiana where it plans to eventually have 400 workers. The company had planned to begin limited production at the plant in July 2014, but has delayed that until early 2015.
The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market.
The measures were among three energy bills the House is considering this week as Republicans who control the chamber push to expand an oil and gas boom that's lowered prices and led the U.S. to produce more oil last month than it imported from abroad.
Overall, confidence in the equipment finance market is 56.9, an increase from the October index of 54.0, demonstrating an overall steady industry outlook despite continuing concerns about the U.S. economy and the negative impact of federal government fiscal policies.
Officials say Bangladesh will begin inspecting its export-oriented garment factories to assess the building structures and how safe they are from fire and electrical accidents. The Labor Ministry said Thursday that the Bangladesh University of Engineering Technology will inspect the factories using standards accepted by the government, factory owners and international buyers.
The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the company's storied history. The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell the shares by Dec. 31, as long as the price holds up.
Twenty-five pharmaceutical companies will pay the Louisina $88 million to resolve allegations they charged Louisiana's Medicaid program too much for their drugs, the final settlement reached in a 2010 lawsuit filed by Attorney General Buddy Caldwell.
Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.
Cars that run on hydrogen and exhaust only water vapor are emerging to challenge electric vehicles as the world's transportation of the future. At auto shows on two continents Wednesday, three automakers unveiled hydrogen fuel cell vehicles to be delivered to the general public as early as next spring.
Kia Motors Corp. is recalling nearly 80,000 minivans in the U.S. because a suspension part can break and cause drivers to lose control of the vehicles. The recall affects Sedona minivans from 2006 through 2012. They were sold or registered in 20 states and Washington, D.C., where salt is used to clear roads in the winter.
An animal rights group said Wednesday it videotaped workers at a central Oklahoma farm abusing hogs raised for Tyson Foods, and the meat company said it would immediately end its contract with the supplier.
Federal regulators say they will require that new tour buses and buses that carry passengers on scheduled routes between cities be equipped with seat belts. It's a safety measure sought by accident investigators for nearly a half century.
The new Chevrolet Colorado, to be unveiled Wednesday at the Los Angeles Auto Show, has little in common with the old version, which was noisy with a cheap-looking hard plastic interior that didn't appeal to many buyers.
Deere & Co.'s fourth-quarter net income rose 17 percent after it raised prices for farm and construction equipment as it aims to keep its profits intact even as the farm economy slows.
Alabama officials are working to lure a Boeing Co. aircraft assembly plant to the Huntsville area. Gov. Robert Bentley, Huntsville Mayor Tommy Battle and economic developers met Tuesday in Birmingham with representatives of the aircraft manufacturer.
Apple Inc. will qualify for a $10 million grant from the Arizona Commerce Authority if it opens its proposed new plant in the Phoenix suburb of Mesa and meets job creation and capital investment targets, the agency announced Tuesday.
Cabot Corp., the second largest carbon black manufacturer in the U.S., agreed Tuesday to pay a $975,000 civil penalty and spend an estimated $84 million on technology to control air pollution at its three facilities in Franklin and Ville Platte, La., and Pampa, Texas, federal officials said.
Colorado-based Pilgrim's Pride Corp. is closing a poultry plant that employs about 1,200 people in north Alabama, local officials said Tuesday, another blow to a region already dealing with job losses. Mayor Tim Walker and state Sen. Clay Scofield said executives informed them of the decision during a meeting at the plant in Boaz, where Pilgrim's Pride is the largest employer.