China is losing competitiveness to lower-cost producing countries like Vietnam and Indonesia, which is pressurizing its manufacturing sector, says Stanley Szeto, Chairman & CEO of Lever Style.» Read More
The $650 million agreement would also settle the fund's claims of about $2.8 billion against the bankrupt company.
Orders for long-lasting manufactured goods recorded their biggest drop in seven months and a gauge of planned business spending rose modestly, adding to signs of a slowdown.
Boeing managed to slough off the effects of a controversy with its 787 Dreamliner, posting a first quarter profit that far exceeded Wall Street's expectations.
Ford reported quarterly earnings and revenue that surpassed analysts' expectations on Wednesday, with new cars helping to boost sales.
The Department of Transportation wants automakers to limit their in-car communication systems in an effort to curb distracted driving accidents.
A sharp drop in German business activity overshadowed an easing downturn in France in April, surveys showed on Tuesday.
China's weak PMI reading puts the nation's recovery in question as economists recalibrate growth projections lower for the economy.
Donna Kwok, Greater China Economist at HSBC explains that exports have suffered the most as well as employment in the manufacturing sector.
Cody Wilson is spearheading a method of firearm manufacture that allows absolutely anyone to build an untraceable gun by downloading gun designs and printing out parts on a 3-D printer.
The best word to describe the U.S. economy and economies around the world is "stability," Caterpillar CEO Doug Oberhelman told CNBC, despite the company's earnings and revenue misses and scaled-backed outlook.
"The market is not being irrational with Apple today," one money manager says. "The market was being irrational with Apple last year, when they kept taking the stock price higher."
Caterpillar reported earnings and revenue on Monday that fell short of Wall Street's expectations, and sharply cut its full-year sales forecast.
The regulator's approval is crucial in returning the jet to service after it was grounded for over three months because of lithium-ion batteries that caught fire.
The decline in the Indian auto industry is a concern for one of the world's largest automakers Ford Motor Company.
As the Shanghai Auto Show kicks off this week, is it time for industry bosses to look for greener pastures?
Facing tougher competition in what is now the world's biggest autos market, Nissan and its Japanese rivals Toyota Motors and Honda Motors are having to increase the locally made content in their cars.
A new study by consulting firm AlixPartners estimates by 2015, the cost of outsourcing manufacturing to China will be equal to the cost of manufacturing in the U.S.
A new study shows China is losing its luster as a base for manufacturers looking for cheap labor, reports CNBC's Phil LeBeau.
CNBC's Phil LeBeau reports China labor costs are rising, as manufacturers look for cheap locations to build things.
General Electric reported first-quarter earnings on Wednesday that topped Wall Street's expectations.