From Economy Mar 15
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) said Thursday that it has resolved a labor dispute with PT Freeport Indonesia workers at its Grasberg mining and milling operations, but that the work stoppage will cost the company production and sales of a significant amount of copper and gold.
From Politics & Policy Mar 15
China's foreign direct investment in February fell for the fourth straight month as companies tightened spending amid a slowdown in the world's second-largets economy and the ongoign European sovereign debt crisis.
From Economy Mar 14
India will surpass Japan as the No. 2 vehicle market in Asia by 2016, according to a report in the Wall Street Journal based on data and research from IHS Automotive. The report also says that auto sales in China, Asia and the world's largest market, will continue to grow steadily through the rest of the decade.
From Economy Mar 14
Mexico's auto industry produced 24 percent more cars and light trucks in February compared with the year-ago period, reaching a record high.
From Companies Mar 13
Citigroup Inc., the third-largest U.S. bank, and SunTrust Banks Inc. failed the Federal Reserve's latest stress test because they lack enough capital to endure a hypothetical shock to the U.S. economy, the central bank said Tuesday.
From Politics & Policy Mar 13
U.S. stocks soared Tuesday in afternoon trading, amid strong reports of retail sales and business inventories and buoyant sentiments from the Federal Reserve.
From Economy Mar 13
Business inventories beat expectations in January, increasing 0.7 percent to a record level as auto dealers replenished their stocks to keep pace with rising demand from consumers.
From Economy Mar 12
In an auto industry placing increased emphasis on fuel economy in its vehicles, Ford Motor Co. serves as the poster child. The average fuel economy of Ford's sold passenger vehicles and trucks jumped by an average of 4.9 miles per gallon in February from the year-ago period.
From Economy Mar 12
JetBlue Airways Corp. (NASDAQ: JBLU) saw its airline traffic jump an astounding 17.4 percent in February, the company announced Monday in a press release.
From Economy Mar 12
Auto parts maker Visteon Corp. said Monday that it will sell its automotive lighting business to the India-based Varroc Group for $92 million in cash, a deal the company expects to close in the third quarter of 2012.
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