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After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending, the Commerce Department reported Wednesday.
Biologic drugmaker Amgen said Tuesday that it will lay off 12 to 15 percent of its worldwide workforce and close four sites, even as it reported stellar second-quarter results that trounced Wall Street expectations.
Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.
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 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 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.
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.
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 beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, garnering nearly twice as many orders and commitments.
Long-haul budget airline AirAsia X has inked a deal to buy 50 Airbus A330neo planes as part of its regional expansion.
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.
U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.
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 hasn't earned a pretax profit in Europe since 2010, and it lost $1.6 billion in the region last year.
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.
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.
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.
Strong job growth lifted U.S. consumer confidence this month, as Americans looked past the economy's dismal first quarter performance.
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.
Five countries account for the production of 60 percent of all light vehicles worldwide. China produced a stunning 20.9 million vehicles in 2013.
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 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.
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 posted a weak forecast for one simple reason: Americans are buying fewer guns.
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.
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