The major auto parts manufacturer will supply products to Japan's Suzuki and other automakers in the country to keep pace with India's expanding auto market.
Oil prices declined after voters in Europe rejected leaders who supported austerity measures to fix the struggling economy. Analysts warned that the election results could derail the recovery.
Etihad still has orders for 12 of the aircraft, a rival of Boeing's 777, according to Airbus' website.
Westlake Chemical Corp. said Friday that it withdrew a $1.2 billion offer to buy Georgia Gulf Corp. and will sell its stock in the company.
ABB has entered the market with the launch of its Terra 51 direct current charger, marking the start of a massive infrastructure rollout to drive the adoption of electric mobility.
Chrysler is recalling 119,072 cars after discovering that the antilock brake and electronic stability control systems can fail because of an overheated power supply.
Hawker Beechcraft said in a news release that it also received permission to pay all vendors and suppliers for goods and services delivered after the bankruptcy filing.
Officials say explosions and a fire at one of the world's largest petrochemical industrial estates have killed 12 people and injured more than 100 others in eastern Thailand.
Mitsubishi Motors Corp. cut operating hours at its Mizushima plant due to sluggish exports, and plans to send some 500 surplus workers to other plants.
Grob Systems in Bluffton plans to add about 130 jobs and The Courier newspaper reports the company is seeking nearly $11 million in state loans for the expansion.
Elpida is the only Japanese maker of dynamic random access memory chips used in personal computers and smartphones, and filed for bankruptcy protection in February.
Economists surveyed by The Associated Press expect growth to pick up this year, though not enough to lower unemployment much.
Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18 percent in the first quarter to $1.77 billion.
ArcelorMittal's Rippey says he believes the upgrades help the company remain competitive and help the facility remain viable long-term.
The auto parts maker said its first-quarter profit dropped 14 percent, pulled down by restructuring and other charges, along with lower profit at its seating business.
Faurecia said the deal makes it North America's No. 1 interior systems supplier and makes Ford its third-largest customer.
Labor leaders who argue the pipeline would create jobs; the State Department estimates it could result in up to 6,000 new jobs.
Hawker Beechcraft said it filed for Chapter 11 bankruptcy protection in federal bankruptcy court in New York to expedite the prearranged restructuring of the company and some of its subsidiaries.
China agreed to let foreigners own bigger stakes in its securities firms and promised to limit export subsidies after a high-level dialogue with the United States.