The brighter view from the boardroom comes after the best three months of job growth in two years.
The investment in Woodstock, Ontario, near Toronto will create 400 new jobs early next year when the added factory capacity comes on line.
The world's largest maker of computer networking equipment said it plans to acquire ClearAccess to broaden network management tools for homes and mobile devices.
General Motor's struggling Adam Opel AG subsidiary in Europe has recruited a Volkswagen executive to take over its top marketing and sales job.
U.S. companies ordered more long-lasting goods last month, showing businesses are willing to buy equipment and machinery even after an investment tax credit was halved.
An Oregon jury ruled Tuesday that a problem with an engine was responsible for the 2008 crash of a helicopter that killed nine firefighters during a wildfire in Northern California.
Computer chipmaker Elpida Memory Inc. was removed from the Tokyo Stock Exchange on Wednesday after filing for Japan's largest-ever manufacturing bankruptcy.
Faced with a mountain of debt and burdensome union contracts, Detroit's financial predicament appears similar to the one General Motors and Chrysler confronted during the economic meltdown.
Struggling cellphone maker Nokia Corp. launched its first smartphone for China on Wednesday, looking to the world's biggest mobile market to help drive its 1-year-old turnaround effort.
Amazon.com Inc. announced plans for a $150M warehouse and distribution center in Indiana after state officials gave the online retailer two more years before it has to start collecting sales taxes from customers.
The suit said the camera and medical equipment maker falsified financial statements over 10 years through March 2011 to cover up massive investment losses from 1998.
At least one of five century-old incandescent light bulbs still works after being pulled from the cornerstone of a Cleveland-area building along with a time capsule.
The Federal Reserve Bank of Richmond reported that a measure of regional manufacturing plunged this month.
The major Japanese semiconductor maker aims to improve its performance by consolidating and enhancing production efficiency, as the company expects to see a 57 billion yen net loss for the current year.
Taylor said the truck assembly plant is "a clear indication Navistar is going to be doing more in the state."
Three environmental groups have sued the federal government over its handling of a solar project in the Mojave Desert, saying it will harm the desert tortoise and its habitat.
General Motors expects to save about $2 billion during the next five years by centralizing most of the global advertising for its Chevrolet brand.
Federal safety regulators have begun investigating buses made by Motor Coach Industries Inc. over the past 20 years because the drive shafts can fall out and cause drivers to lose control.
Upstream from the reservation is a shuttered General Motors factory, now a federal Superfund site where tons of toxic waste have been removed.
The plane, which was carrying 430 passengers to Frankfurt, Germany, was in the air about three hours when crew reported a surge in one of its four Rolls-Royce engines.