Sysco is buying privately held US Foods for about $3.5 billion in cash and stock. When the deal closes, Sysco expects the addition of US Foods to boost its annual sales by about 46 percent to around $65 billion.
U.S. employers advertised the most job openings in more than five years in October, and the...
General Motors product development chief Mary Barra has been named the company's new CEO, the...
A German engineering company has agreed to pay a $32 million fine as part of an agreement to...
A Dutch luxury bus company is testing technology — already used in the mining industry and Caterpillar — that monitors whether a driver is becoming drowsy.
Even as Silicon Valley speaks out against the U.S. government's surveillance methods, technology companies are turning a handsome profit by mining personal data and peering into people's online habits.
U.S. wholesale businesses boosted their stockpiles in October by the most in two years as their sales rose sharply, encouraging signs for economic growth in the final three months of the year. Wholesale stockpiles grew 1.4 percent in October, the Commerce Department reported Tuesday.
The European Commission has fined pharmaceuticals giants Johnson & Johnson and Novartis a combined $22 million for colluding to delay the entrance of a cheap generic form of a pain killer to the Dutch market.
In a filing Tuesday, Kurt Mix's attorneys argued a prosecutor's questioning of a witness on Monday amounted to injecting unsupported accusations of misconduct against Mix.
October U.S. manufacturing technology orders totaled $435.02 million according to AMT - The Association For Manufacturing Technology. This total, as reported by companies participating in the USMTO program, was up 10.2% from September but down 3.2% when compared with the total of $449.44 million reported for October 2012.
China's auto sales rose 16 percent in November as Japanese automakers extended a rebound in the world's biggest vehicle market, an industry group reported Tuesday. The figures were an unexpectedly strong performance for automakers that are looking to China to drive global sales amid weakness in U.S., Japanese and European markets.
A Windsor meat company has recalled some 90,000 pounds of various meat and poultry products that were produced under unsanitary conditions.
A French businessman who sold tens of thousands of breast implants filled with industrial-grade silicone and prone to leaks was convicted of fraud on Tuesday and sentenced to the maximum four years in prison.
The 51-year-old Cheesewright succeeds Doug McMillon, who last month was named the next president and CEO of the world's biggest retailer. McMillon succeeds Mike Duke.
U.S. military officials insisted a top-secret Pentagon study proved the need to buy Russian helicopters for Afghanistan's security forces. But the study actually recommended an American-made rotorcraft, according to unclassified excerpts obtained by The Associated Press.
Machinist union members who work at jet-engine maker Pratt & Whitney narrowly approved a new three-year contract Sunday, signing off on a deal that includes 2.5 percent pay raises each year and a $2,000 ratification bonus.
U.S. safety regulators are looking into whether a Hyundai Elantra recall should be expanded. The National Highway Traffic Safety Administration opened a recall query to determine if 52,000 Elantra Touring cars from the 2009 through 2012 model years should be recalled.
Koch Industries, Inc., has announced the completion of its $7.2 billion acquisition of global electronic components company Molex Incorporated (NASDAQ: MOLX). Molex is now an indirect wholly-owned subsidiary of Koch Industries, and will retain its name, headquarters in Lisle, Ill., and current management team as it moves forward.
The 30-year agreement promises that any changes to Oregon's corporate tax structure won't affect Intel Corp. The chipmaker secured the agreement in exchange for an expansion it announced in October 2012. The company is spending $500 million to expand a semiconductor plant in Hillsboro.
European air and defense company EADS is cutting 5,800 jobs over the next two years as part of a major overhaul and cost-cutting plan.The company said Monday in a statement that the jobs would be eliminated from its corporate and space and defense divisions by the end of 2016.
A few patients with one type of leukemia were given this one-time, experimental therapy several years ago and some remain cancer-free today. Now, at least six research groups have treated more than 120 patients with many types of blood and bone marrow cancers, with stunning results.
The companies, which include Google, Facebook and Twitter, said that while they sympathize with national security concerns, recent revelations make it clear that laws should be carefully tailored to balance them against individual rights.
Unions and environmentalists have found one point of agreement in the bitter debate over the natural gas drilling boom: fixing leaky old pipelines that threaten public health and the environment. It's a huge national effort that could cost $82 billion.
Carlton wasn't even born when the last Studebaker rolled off the line in South Bend a half-century ago, and he wasn't all that interested in why the company went out of business. What he found striking was the story of how Studebaker survived here for 111 years — a remarkable lifespan in the business world.