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Articles
An oil pump at work.
Oil Down in Asia, Hurt by Chinese Factory Slump
'The strengthening of the U.S. dollar, weak manufacturing data from China and rise in the U.S. rig count added to the woes of a weak crude market,' according to one industry expert.
Formosa Plastics Group logos.
Formosa Plastics President Resigns Amid Bribery Probe
The company's president has resigned over the scandal, though he admitted no wrongdoing, and at least two dozen other employees are suspected of having taken payments over the last seven years.
A 2014 Jeep Cherokee under construction at the company's plant in Toledo, Ohio.
Fiat Chrysler Faces Record Fines
Bad week for Fiat Chrysler: The National Highway Traffic Safety Administration fines the company $70 million — with more slated for consumer outreach — just days after an unrelated Wired story details Jeep vulnerabilities and sparks a recall.
Two men walk through a mine dump in Johannesburg, South Africa.
Two English Mining Companies Plan for Job Cuts
In the wake of falling metals prices, Anglo American and Lonmin announce future cuts that will reduce their workforce by a combined 12,000 employees.
A Mitsubishi front grille, with logo.
Mitsubishi to Halt US Production
While the company ramps up investment in Asia, it will be the first Japanese automaker to stop production in both the United States and Europe.
Smartwatches, Other Connected Devices Open New Hacking Risks
A new study from Hewlett-Packard finds that all 10 smartwatches tested 'contain significant vulnerabilities, included insufficient authentication, lack of encryption and privacy concerns.'
A banner at a Chinese construction site reads "Development Prosperity."
Chinese Manufacturing Hits 15-Month Low
With its stock market struggling (down 30% in four weeks earlier this month) and its economic expansion stalling (slowest growth pace since 1990), China's financial woes continue with this latest news.
Mitsubishi to Pay Reparations to Chinese Wartime Laborers
More than 3,700 Chinese who were forced into hard labour in the company's wartime mines will be eligible for compensation of 100,000 yuan ($16,100).
Ferrari Revs Up for Initial Public Offering
Ferrari's SEC filing did not specify the share price range nor the number of shares to be offered, but FCA said it was "not expected to exceed 10% of all ordinary shares."
NASA Discovers Earth-Like Planet Orbiting 'Cousin' of Sun
Not only is this planet squarely in the Goldilocks zone--where life could exist because it is neither too hot nor too cold to support liquid water--its star looks like an older cousin of our Sun.
The GM logo.
FINANCIAL ROUNDUP: GM Earnings Surge on Solid Sales in US, China
Caterpillar profits plummet ... Falling fuel prices help United ... Qualcomm slashing 15% of its workforce ... Apple chip provider SK Hynix increases net profit but misses estimates.
International Crew Reaches Space Station after Minor Mishap
Better late than never: A series of false starts were not enough to keep astronauts from Japan, Russia and the United States from reaching the International Space Station.
Greece Passes Second Crucial Bailout Bill
The new bill, approved by more than 77% of parliament members present, covers changes to the civil justice system, a bank deposit protection scheme and measures that should shore up the liquidity of the country's banks.
Baker Hughes Falls on Fears Halliburton Deal Blocked
Baker Hughes sank as low as $52.80 a share, after a report that the $34.6 billion deal has sparked serious concerns from U.S. antitrust regulators.
Chile Copper Mine Strike Cost: $27 Million a Day
Chile's state mining company, Codelco, said operations during the strike have remained normal at all but one mine.
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