Contract manufacturing can be an effective way for companies to extend capacity and add flexibility to their production network, critical benefits in a highly volatile business environment.
Describing profitability in the period as "unsatisfactory," the company said Wednesday it would continue cost-cutting measures during 2014, including 4,400 layoffs.
Would Parmesan by any other name be as tasty atop your pasta? A ripening trade battle might put that to the test.
Global growth is likely to remain sluggish as a slowdown in the developing world undercuts gains in Europe and the United States, a leading international economic body warned Tuesday.
The collapse of Japan's Mt. Gox bitcoin exchange is spilling into U.S. bankruptcy court as the company scrambles for legal cover after losing digital currency valued at $473 million.
Inspections of Bangladesh garment factories under a new safety initiative have found cracked support beams, substandard building materials, and exposed electrical cables chewed by rats.
Fruit supply companies Chiquita of the United States and Fyffes of Ireland said Monday they had agreed to merge to create the world's biggest banana supplier.
Germany has dismissed a claim by NSA leaker Edward Snowden that it bowed to U.S. demands to water down legal protection for German citizens.
Global automakers are spending heavily to develop models for Chinese tastes. This is squeezing fledgling domestic brands that lag in technology, as buyers who used to see them as entry-level purchases demand better quality.
About 1,500 factories in Bangladesh are on track to be inspected by the end of August as part of a safety pact signed by more than 150 clothing brands and 20 countries, according to organizers of the pact.
China's exports plunged by an unexpectedly large 18 percent in February, possibly denting hopes trade will help drive the slowing economy while communist leaders push ambitious promised reforms.
Twenty employees of an Austin-based technology company on board the missing Malaysia Airlines flight were en route to a business meeting in China, a spokeswoman for the tech firm said.
Japan's second largest automaker said Friday it remains optimistic about Southeast Asia's auto market despite political turmoil in Thailand, one of the region's key car manufacturers.
The production shift from Mexico is part of the collective bargaining agreement Ford and the United Auto Workers negotiated in 2011.
The two emphasized their joint interests in cybersecurity, energy sources, and water conservation, and suggested Israel might be able to help California cope with its ongoing drought.
Continued strong demand for the Ford Focus, the best-selling nameplate in China last year, helped Ford China increase sales by 67 percent in February, with 73,040 vehicles sold.
Two men were convicted Wednesday of stealing an American company's secret recipe for making a chemical used to whiten products from cars to the middle of Oreo cookies and selling it to a competitor controlled by the Chinese government.
The drive to clean up China's industry has added impetus to the government's campaign over the past several years to reduce excess production capacity in the polluting steel and cement industries.
Elon Musk yesterday said that given some of Russia’s recent military maneuverings in Ukraine, it’s about time the U.S. government paid his company, SpaceX, for the rights to launch satellites and other cargo into space.
Chinese carmaker Qoros brought its campaign to gain global credibility to the Geneva Motor Show, where it showed off its second production car at a stand in prime real estate — between Maserati and Rolls Royce.
China's government responded to public demands for bold leadership with vows Wednesday to press long-sought market reforms, defend against terrorism, and heavily boost military spending amid rising tensions with Japan.
The company says it is withdrawing all requests for financial aid for plants in Windsor and Brampton, Ontario, because the projects have become a political football.
The Jeep Renegade is “designed in America and crafted in Italy,” according to the company, and will be first assembled at the Melfi Assembly Plant — a far cry from Jeep’s assembly headquarters in Toledo, Ohio, or even North America.
Toyota Europe expects to sell 865,000 units this year and increase its market share to 4.8 percent as the European car market enters what is expected to be a slow recovery from six years of contraction.
Redesigned for a seventh time since the midsize family sedan made its debut in 1985, the latest Sonata model is Hyundai's answer to a flurry of safety issues and customer complaints at home and abroad.