Fiat's board of directors agreed on the name Fiat Chrysler Automobiles NV, with headquarters for tax purposes in the United Kingdom. But the board sidestepped the thorny political issue of whether the true headquarters would be in the United States or Italy.
Boeing's fourth-quarter profit rose 26 percent as it delivered more commercial airplanes — a speedup that it says will continue this year. Boeing says it will deliver 715 to 725 planes this year, a boost of at least 10 percent from last year.
The U.S. economy is showing more strength than at any time since the Great Recession began six years ago. Employers are hiring. Home prices, sales, and construction have surged. Corporate profits and stocks have hit records. And consumers have picked up their spending.
Suzuki Motor Corp. said Tuesday it will set up a new car assembly plant in India's western state of Gujarat to supply cars to Maruti Suzuki India Corp., Suzuki's subsidiary in India. Suzuki said it will invest 50 billion yen (about $488 million) for the project, and production is expected to start in 2017.
Walker Magnetics, with a plant near Rickenbacker Airport, is the country's leading manufacturer of magnets for the steel industry. Inside the walls of a nondescript building, workers fabricate magnets capable of lifting more than 100 tons.
Two Colorado cantaloupe farmers who pleaded guilty to misdemeanor charges stemming from a deadly listeria outbreak in 2011 have been sentenced to five years of probation and six months of home detention.
Unemployment rates fell in four-fifths of US states in December and rose in just two, though most of the improvement stemmed from unemployed Americans giving up on their job searches.
The reduction in orders was led by very large percentage declines in defense capital goods, civilian aircraft, computers and electronic products, and motor vehicle orders. Government austerity led to lower military equipment spending last month (which was not new), and defense capital goods orders fell 20 percent in 2013 as a whole.
General Electric Corp. is planning to shut down the last of its Fort Wayne facilities after more than a century in the city where it once had thousands of workers. GE announced Monday it expected to close its motor testing lab and executive center in a year, eliminating nearly 90 jobs as it moves the work to Monterrey, Mexico.
American Honda recently announced that it ships more American-made cars out of the country than it imports in from Japan. Throughout 2013, the company exported 108,705 U.S.-made Honda and Acura vehicles while importing 88,537.
On the eve of President Obama’s fourth State of the Union address, U.S. Senator Chris Coons (D-Del.) urged the President to prioritize investments that will help American manufacturers grow and create jobs, saying it was premature to give up on American manufacturers and the workers they employ.
Despite ever-growing passenger numbers, India restricted Airbus A380 flights in 2008 in an effort to help struggling domestic carriers cope with global competition. Aviation Minister Ajit Singh said that lifting the restrictions would help bring more revenue to airports and boost India's international reputation as a flight destination.
A 27-year-old seamstress who was among those pulled alive last year from the rubble of a horrific Bangladesh factory collapse has died, officials said Monday. Police are investigating the case as a possible suicide. Salma was rescued several days after the illegally constructed, eight-story Rana Plaza collapsed, killing 1,129 people.
Industrial equipment maker Siemens AG said quarterly net profit rose 20 percent as the company moved past one-time charges for delays delivering high-speed trains. Net profit rose to 1.46 billion euros ($2 billion) in the fourth quarter of 2013, the company's fiscal first. That was up from 1.21 billion euros a year ago.
Ford Motor Co. enjoyed one of the best years in its history in 2013, but the celebration won't last long. Ford has already warned that profits will be down this year as it launches a record 23 vehicles and builds seven plants around the world.
Ford Motor Co. will use rotating shifts — two weeks on, two weeks off — to avoid indefinite layoffs at its assembly plant, located west of Cleveland. Ford said Monday that rotating shifts for 1,000 workers at its Avon Lake plant will begin in August and continue until a new product launch in 2015.
Businesses cut back sharply on their orders for long-lasting manufactured goods in December with a key category that signals business investment plans falling by the biggest amount in five months. The weakness was led by a big 17.5 percent drop in the volatile category of commercial aircraft.
The Supreme Court says steelworkers do not have to be paid for time they spend putting on and taking off protective gear they wear on the job.
A deal to establish a joint venture with state corporation Rostec could lead to some 100 turboprops, valued at US$3.4 billion at list prices, being built for the Russian market. The deal, which local media in Russia says will see production start this year, flows from a series of preliminary agreements signed last August.
The layoffs, which cut 2 percent of the membership club's U.S. employee count of about 116,000, mark the largest since 2010 when the Sam's Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.