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U.S. to review metals data fakery

posted: 10/18/2017 2:10 a.m. Discuss

Kobe Steel said it will cooperate with the U.S. Department of Justice after the agency requested documents related to the fake data scandal that risks engulfing Japan's third-biggest steel-maker.

Airbus takes stake in Bombardier

posted: 10/18/2017 2:08 a.m. Discuss

Airbus has agreed to acquire a majority stake in Bombardier Inc.'s C Series program and will start assembling the jetliner in the U.S., vaulting a technologically advanced but slow-selling plane onto the front lines of the battle with Boeing over global aircraft sales.

Netflix beats new-subscriber projections

posted: 10/17/2017 1:55 a.m. Discuss

LOS GATOS, Calif. -- From Germany to Brazil, Netflix Inc. stormed ahead in its drive to create a global television network, scoring the video-streaming provider's best third quarter on record and sending the shares to a new high.

U.S. pursues balanced trade as talks with Japan advance

posted: 10/17/2017 1:54 a.m. Discuss

WASHINGTON -- President Donald Trump's administration is advocating for a more balanced trade relationship with Japan as high-level economic talks with the Asian nation advance this week in Washington, according to Vice President Mike Pence.

Business news in brief

updated: 10/13/2017 1:42 a.m. Discuss

30-year mortgage rate rises to 3.91%

Trump's words hang over NAFTA table as U.S. business frets

posted: 10/12/2017 2 a.m. Discuss

President Donald Trump's trade negotiators entered the latest round of NAFTA talks Wednesday under growing pressure inside their own country to step back from a confrontational stance that's left the U.S. isolated at the negotiating table.

China rivals U.S. as loan source

posted: 10/12/2017 1:59 a.m. Discuss

China is close to matching the United States as a source of official grants and loans to developing countries, but much of China's financing serves its own economic interests and yields scant benefits for recipients, a multinational group of researchers reported Wednesday.

Kobe Steel urged to clarify fudged data

posted: 10/12/2017 1:57 a.m. Discuss

The Japanese government urged steel-maker Kobe Steel on Wednesday to clarify the extent of manipulation of inspection data on steel, aluminum and other metals used in a wide range of products, reportedly including rockets, aircraft and cars, in the latest quality scandal to rock Japanese manufacturing.

Business news in brief

updated: 10/12/2017 1:55 a.m. Discuss

Tyson to donate 30,000 pounds of food

Mexico readies for worst as 4th round of NAFTA talks open

posted: 10/11/2017 11:30 a.m. Discuss

MEXICO CITY — Mexico appears to be preparing for the worst as the fourth round of talks on the North American Free Trade Agreement open in Washington D.C.

IMF sees global economy on rise

posted: 10/11/2017 2:09 a.m. Comments 2

The International Monetary Fund on Tuesday raised its forecast for global economic growth to 3.6 percent this year and 3.7 percent in 2018. For both years, the outlook is up 0.1 percentage points from the IMF's previous forecast in July and would mark the fastest growth since 2010.

Trump re-touts exiting NAFTA

posted: 10/11/2017 2:06 a.m. Comment 1

President Donald Trump renewed his threat to walk away from the North American Free Trade Agreement, just as Canadian Prime Minister Justin Trudeau made his way to Washington on the eve of a new round of negotiations.

Cereal cafes bowling over Europeans

posted: 10/11/2017 2:05 a.m. Discuss

Travelers wandering the streets of European capitals in search of old-world charm might just as likely stumble upon a bowl of Lucky Charms.

Japan's metals scandal spreads

posted: 10/11/2017 2:04 a.m. Discuss

An industrial scandal engulfing Kobe Steel began to reverberate overseas Tuesday as Japan's third-biggest steel-maker said its employees falsified data about the strength and durability of some aluminum and copper products used in planes, trains and potentially a space rocket.

Business news in brief

updated: 10/11/2017 2:02 a.m. Discuss

Bank of Ozarks sets 3Q conference call

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