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Toyota Remains No. 1 in Global Vehicle Sales

July 30, 2014 11:50 am | by The Associated Press | News | Comments

Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.            

U.S. Economy Grew at Strong 4 Pct Rate in Spring

July 30, 2014 9:42 am | by Martin Crutsinger, AP Economics Writer | News | Comments

After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing...

Drugmaker Amgen Laying Off At Least 2,400

July 30, 2014 9:29 am | by Linda A. Johnson, AP Business Writer | News | Comments

Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide...

Orders for Durable Goods Up in June

July 25, 2014 1:41 pm | by The Associated Press | News | Comments

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a...

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Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

Ford 2Q Net Income Rises to $1.3B

July 24, 2014 1:49 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.                     

China's Factory Index at 18-Month High

July 24, 2014 9:39 am | by Kelvin Chan, AP Business Writer | News | Comments

China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold.                          

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Private Jet Recovery From Recession Uneven

July 21, 2014 2:59 pm | by The Associated Press | News | Comments

The improving market has not been universal. Signs of strength have been in large-cabin planes, while sales of small and mid-sized planes stall.                               

Companies Report Rising Sales, Employment

July 21, 2014 2:54 pm | by The Associated Press | News | Comments

Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey.                   

Airbus Beats Boeing in Farnborough Orders Race

July 17, 2014 1:56 pm | by The Associated Press | News | Comments

Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments.                           

AirAsia X To Buy 50 Airbus Planes

July 17, 2014 1:38 pm | by The Associated Press | News | Comments

Long-haul budget airline AirAsia X has inked a deal to buy 50 Airbus A330neo planes as part of its regional expansion.                                      

Volkswagen Surpasses GM in Global Auto Sales Race

July 17, 2014 9:45 am | by The Associated Press | News | Comments

Volkswagen bumped General Motors out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place.                         

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Factory Output Rises for 5th Straight Month

July 16, 2014 1:24 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.                                  

White House Says 2014 Deficit To Drop to $583B

July 14, 2014 12:32 pm | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday.                             

Ford Expects Return to Profit in Europe in 2015

July 10, 2014 2:07 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Ford hasn't earned a pretax profit in Europe since 2010, and it lost $1.6 billion in the region last year.                                           

Chinese Auto Sales Cool in June

July 9, 2014 9:54 am | by Kelvin Chan, AP Business Writer | News | Comments

Car sales in China cooled in June, with domestic brands falling further behind their foreign rivals in the world's biggest auto market, an industry group reported Wednesday.                      

Survey: Midwest, Plains Economy Growing

July 2, 2014 9:11 am | by The Associated Press | News | Comments

The economy in nine Midwestern and Plains states should continue growing steadily in the months ahead, according to a monthly survey of business leaders released Tuesday.                        

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Auto Sales Maintain Healthy Pace in June

July 1, 2014 4:05 pm | by Dee-Ann Durbin, AP Auto Writer | News | Comments

U.S. auto sales slowed slightly in June but still maintained a healthy pace despite a record-setting string of safety recalls at General Motors and a slowdown in truck sales at Ford.                    

Steady Job Growth Lifts Consumer Confidence

June 27, 2014 2:15 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy's dismal first quarter performance.                    

Analysts Expect Slower June Sales For GM

June 27, 2014 10:31 am | by The Associated Press | News | Comments

A number of analysts are predicting that General Motors' June U.S. sales will underperform the overall auto industry, putting the company in danger of losing market share at a critical time.          

Auto Production Sets New Record, Fleet Surpasses 1 Billion Mark

June 26, 2014 2:12 pm | by Worldwatch Institute | News | Comments

Five countries account for the production of 60 percent of all light vehicles worldwide. China produced a stunning 20.9 million vehicles in 2013.                                

Survey: Industrial Sector Plans To Add Jobs Amid Growing Optimism

June 26, 2014 2:05 pm | by McGladrey | News | Comments

Nine out of 10 executives at small and mid-size manufacturing and distribution companies expect solid growth over the next 12 months and two-thirds plan to add jobs during that period.                   

Orders for Durable Goods Drop in May; MAPI Responds

June 25, 2014 11:38 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Orders for U.S. durable goods tumbled 1 percent in May as demand for military equipment fell sharply. But excluding defense-related goods, orders actually rose, and orders in a key category that signals business investment also increased.    

U.S. Economy Shrinks at Steep 2.9 Percent Rate In 1Q

June 25, 2014 9:55 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago.               

Smith & Wesson: Americans Are Buying Fewer Guns

June 23, 2014 4:12 pm | by CNNMoney | Videos | Comments

Smith & Wesson posted a weak forecast for one simple reason: Americans are buying fewer guns.                                            

China Factory Gauge Shows Economy Stabilizing

June 23, 2014 1:42 pm | by The Associated Press | News | Comments

Factory activity in China expanded in June for the first time this year, according to an HSBC report Monday, adding to signs that the slowdown in the No. 2 economy is stabilizing as recent micro boosting measures take hold.           

Japan Logs 23rd Month Of Trade Deficit

June 19, 2014 10:16 am | by The Associated Press | News | Comments

Japan logged its 23rd successive month of trade deficits in May, as exports and imports both declined despite signs of recovering demand in the U.S. and Europe.               

Fed Sharply Cuts U.S. Economic Growth Forecast

June 19, 2014 10:08 am | by Christopher S. Rugaber, AP Economics Writer | News | Comments

The Federal Reserve has sharply cut its forecast for U.S. growth this year, reflecting a shrinking economy last quarter caused mostly by harsh weather.                 

Porsche Takes Top Spot In New Car Quality Survey

June 19, 2014 10:05 am | by Dee-Ann Durbin, AP Auto Writer | News | Comments

Porsche, Jaguar and Lexus were the best-performing brands in this year's survey. The worst performers were Fiat, Jeep and Mitsubishi.                    

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