Dismal data from China and India on Friday may signal a further weakening of the global recovery, undermining hopes the dynamic emerging economies of Asia can help prop up growth.
Sony racked up a record annual loss of $5.7B in its fourth year of red ink as the once-glorious maker of the Walkman struggles toward a turnaround under a new president.
The world's biggest steel maker posted a sharp drop in 1Q net profit, announcing earnings of $11M compared with $1.069B for the same period a year ago.
U.S. chipmaker Micron Technology Inc. said Thursday it is in talks to acquire Elpida Memory Inc., which earlier this year filed for Japan's largest-ever manufacturing bankruptcy.
U.S. wholesalers increased their stockpiles 0.3 percent in March after seeing less growth in sales.
Boeing said it sold three 777s to Taiwan's EVA Air. The 777's list price is $298.3M, making the order for three of them worth almost $895M, though discounts are common.
Doubts about Europe's political and economic future drove prices down for a wide range of commodities Tuesday as worries persisted about future demand for everything from copper and oil to soybeans.
Vehicle sales in China, the world's largest auto market, rose in April but are down for the year amid tighter credit and slower economic growth.
Toyota's quarterly profit more than quadrupled to $1.5 billion, and the automaker gave upbeat forecasts as it recovers from a sales plunge caused by the tsunami in Japan last year.
The pump and valve maker said acquisition costs helped the company swing to a loss in its first quarter, even as its newly acquired business helped boost revenue sharply.
Activity in the manufacturing sector and the overall economy has been growing for some time, and now it appears that the pace of growth is quickening.
Toyota Motor Corp. said Monday the electric RAV4 will cost $49,800 when it goes on sale this summer. That's more than double the starting price of the gas version.
Small business owners recovered some of their optimism during April, but they're still wary about the economy.
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.
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.
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.
Companies are reporting improved profitability and decreased concerns regarding barriers to growth, despite volatile oil/energy prices worldwide and ongoing concerns regarding legislative/regulatory issues.
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.
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.
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.
Prices for copper and other metals fell after discouraging reports about jobs and factory production renewed worries that demand could weaken for a variety of manufactured goods.