Diversified manufacturer SPX Corp. said Wednesday that its first-quarter profit tumbled 42 percent, pulled down by hefty charges related to a recent acquisition.
Toyota and Chrysler saw big U.S. sales gains in April, but they came at the expense of General Motors and Ford.
U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production, and a measure of hiring all rose.
The Calgary-based airline announced it will take delivery of up to 45 turboprop planes over the next six years. Until now, the airline has exclusively used Boeing jets in its fleet.
Oil prices rose Tuesday after a strong showing by the U.S. manufacturing sector signaled more demand for energy products.
Toyota's resurgence is hurting rivals. Honda Motor Co. and General Motors Co. are both expected to report double-digit sales declines in April, according to Kelley Blue Book.
Chinese manufacturing expanded for a fifth straight month in April in data that analysts say indicate the country's economic activity is picking up moderately.
California fuel cell maker Bloom Energy has broken ground for a new manufacturing facility at the site of a former Chrysler assembly plant in Newark.
China Eastern Airlines is buying 20 Boeing 777 jets worth nearly $6B while also selling five Airbus A340s to the U.S. plane maker because they're costlier to run, the Shanghai-based airline said.
Prem Watsa, RIM's third-largest investor, said he sees his investment in the company as a long-term one, adding that RIM's fortunes won't be reversed soon.
North America propped up Ford Motor Co.'s profits in the first quarter, which otherwise took a beating from plummeting European sales and higher taxes.
The company earned $473 million in the first quarter, mainly from strong U.S. sales, which rose 39 percent from January through March.
Japan's industrial production rose 1 percent in March from February, led by output of automobiles, notebook computers and communications equipment amid a tentative upswing in the world's third-largest economy.
The U.S. economy grew more slowly in the first three months of this year. Stronger consumer spending was offset by cutbacks in government spending and business investment.
The automaker reported net profit of $137M for the period ending March 31, due to strong North American results and despite losses in Europe.
Goodrich Corp., which supplies components for aircraft makers, said that first-quarter profit fell 4 percent on higher taxes and costs for its sale to United Technologies Corp.
The number of people seeking U.S. unemployment benefits remained stuck near a three-month high last week, a sign that job gains will likely remain modest.
Caterpillar's first-quarter profit jumped 29 percent and it boosted its outlook for the year as U.S. builders replaced old gear and global demand for mining equipment boomed.
Industry insiders speculate that US Airways' potential bid for American — if it leads to a merger — would help Airbus more than Boeing.
Harley-Davidson Inc. said Wednesday that its first-quarter profit jumped 44 percent, as improving economic conditions boosted U.S. sales of its well-known motorcycles.
Airlines around the world are updating their fleets with new, more fuel-efficient planes, and that's good news for aircraft maker Boeing Co.
Steel makers, particularly United States Steel Corp., bounced back in the first quarter from a slump in the last three months of 2011. But shipments and sales continue to lag pre-recession levels.
Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted.
The 10,000+ machine milestone was achieved last week, when more than 200 machines were installed at various Fastenal customer locations.