Manufacturing Sector
Samsung unveils 8-inch tablet with phone capability
Feb 24, 2013 03:26 EST
Samsung on Sunday unveiled an eight-inch tablet with phonecall capability to rival Apple's recently launched iPad mini and to cement its market dominance by offering devices in a variety of sizes.
Sharp to suspend tie-up talks with Hon Hai, reports say
Feb 22, 2013 23:31 EST
Struggling Japanese electronics maker Sharp plans to suspend tie-up negotiations with Taiwan's Hon Hai and search for new capital partners, local media reported on Saturday.
Stocks rise on stimulus expectations
Feb 22, 2013 17:17 EST
US stocks closed higher Friday on renewed confidence that the US Federal Reserve stimulus program would continue.
FAA reviewing Boeing proposal on 787 battery fix
Feb 22, 2013 17:02 EST
US air-safety regulators said Friday they were reviewing a Boeing proposal to fix battery problems on the 787 Dreamliner that have kept the aircraft grounded worldwide since mid-January.
Boeing 'encouraged' by progress in 787 probe
Feb 22, 2013 16:01 EST
Boeing said Friday it was "encouraged" by progress in the air-safety investigation of overheated batteries in its 787 Dreamliner aircraft that resulted in their global grounding.
Two EU firms pull more meals as horsemeat found
Feb 22, 2013 12:04 EST
Two major food companies pulled more products from shelves in Britain, Belgium, Ireland and the Netherlands on Friday after discovering horsemeat in ready-made meals labelled as beef.
Volkswagen profit jumps 40.9% as car sales grow
Feb 22, 2013 11:27 EST
Volkswagen, Europe's biggest carmaker, said Friday that its net profit zoomed ahead by more the 40 percent last year on higher vehicle sales, but its chief executive nevertheless saw his salary cut.
US stocks rise on upbeat German data, HP earnings
Feb 22, 2013 10:35 EST
US stocks moved higher Friday following a bullish report on German business sentiment and solid earnings results from computer company Hewlett-Packard.
Rare sun bears found abandoned in Cambodia factory
Feb 22, 2013 07:36 EST
Two rare Malayan sun bears have been rescued in Cambodia after being discovered in an abandoned garment factory, a zoo official said Friday.
United Airlines extends 787 grounding to May
Feb 22, 2013 02:26 EST
United Airlines said it expected to keep its six Boeing 787s out of service until at least May 12, as the cutting-edge airplane remained grounded worldwide due to battery problems.
Nissan to invest $320 mln in India plant
Feb 22, 2013 02:12 EST
Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said on Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets.
Singapore economy grows 1.3 percent in 2012
Feb 22, 2013 01:32 EST
Growth in Singapore's trade-reliant economy slowed down sharply last year, expanding 1.3 percent as exports tumbled due to a global economic slump, according to the latest official data.
Nissan to invest $320 mln in India plant
Feb 21, 2013 22:22 EST
Franco-Japanese automaker Renault-Nissan will invest $320 million to expand a complex in India, a report said Friday, as it looks to cash in on demand for low-cost vehicles in emerging markets.
United Airlines extends 787 grounding to May
Feb 21, 2013 21:52 EST
United Airlines said it expected to keep its six Boeing 787s out of service until May 12, as the cutting-edge airplane remained grounded worldwide due to battery problems.
US stocks fall on weak economic data
Feb 21, 2013 17:09 EST
US stocks closed lower Thursday, hit by weak data on US manufacturing and a glum turn downward in the much-watched Markit purchasing managers index that suggested more recession in the eurozone.
HP promises 'innovations' as profit dips
Feb 21, 2013 16:57 EST
Hewlett-Packard, the troubled but biggest maker of personal computers, on Thursday promised "disruptive innovations" after seeing its profit slip in the past quarter.
Daimler extends CEO's contract for further 3 years
Feb 21, 2013 13:19 EST
German automaker Daimler said on Thursday its supervisory board had decided to extend the contract of the group's chief executive Dieter Zetsche for another three years.
BAE Systems eyes 3,500 US job cuts as profits drop
Feb 21, 2013 11:02 EST
British arms maker BAE Systems said Thursday that stretched defence budgets weighed on the group's profits in 2012 and warned that fresh cutbacks could force it to axe 3,500 jobs at US shipyard operations.
Global tablet sales up 78% in 2012
Feb 21, 2013 10:33 EST
The global market for tablet computers surged 78.4 percent last year, with 128 million of the devices shipped, a survey showed Thursday.
Lego profit soars on high demand for girls' range
Feb 21, 2013 07:31 EST
Toy maker Lego said on Thursday that net profit jumped 35 percent in 2012 on sales rising 25 percent, as demand for a controversial girls' range outstripped production capacity.
