Industrials

An Alcoa alumina refining unit agreed on Thursday to settle federal charges of bribery involving foreign government officials, paying a total of $384 million.

A Caterpillar subsidiary is reportedly being probed for allegedly dumping train parts into the ocean as part of scheme to overcharge customers. 

Employers continue to grapple with the ObamaCare’s implementation and its various requirements, with companies like UPS voicing more concern over the cost of complying with the new health law.

Approval from CFIUS likely clears the path for the largest buyout of a U.S. company ever by a Chinese buyer.

The USPS was late to the game in adopting modern technology but the wait was worth it. 

A Pentagon proposal to ax the Air Force’s entire fleet of A-10 Thunderbolts is receiving criticism from multiple fronts with questions over how the move will impact military bases and defense contractors.

Shares in BASF fell after a media report that the world's top chemicals group by sales was evaluating a counter bid for DuPont which late last year agreed to merge with Dow Chemical.

A federal appeals court reduced a judgment against chipmaker Marvell Technology by more than $1.25 billion, but still says the company owes Carnegie Mellon University $278 million for patent infringement.

A retired PPG employee apparently resentful at his departure three years ago stole trade secrets worth "hundreds of millions of dollars" for plastic windows used on aircraft and high-speed trains and shared some of the information with a Chinese firm, the FBI said in a criminal complaint.

Two major companies in a prominent $1.4 billion Asia investment fund managed by banking giant Morgan Stanley failed to file their financial statements on time, freezing trading in their stocks.

The recently retired director of the National Security Agency is defending his bid to develop a new cybersecurity model for paying clients, saying his approach doesn't derive from work he did for the government.

United Airlines says it has a tentative agreement with a union to outsource about 1,100 airport jobs while sparing another 800 positions.

Germany's biggest airline, Lufthansa, says it plans to sell its information technology infrastructure division to IBM as part of a deal aimed at reducing the company's IT costs.

The Machinists union sued Wichita-based aircraft parts maker Spirit AeroSystems Friday over its reported efforts to sell off its fabrication operations, contending such outsourcing would violate its labor contract and put in imminent danger the jobs of at least 1,400 employees.

China is losing its appetite for dump trucks, iron ore and construction cranes.

Months of congestion are usually resolved with a splash. So, as soon as we see a break of either support or resistance, look for the subsequent move to be big.

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE United Continental Holdings Inc. (UAL), down $1.49 to $52.82 All of the airline's flights in the U.S. were temporarily grounded because of computer problems affecting "network connectivity." The Container Store Group Inc. (TCS), up 43 cents to $17.93 The storage products retailer reported better-than-expected fiscal first-quarter profit, but revenue fell short of forecasts.

Better earnings and rising oil prices are pushing U.S. stocks higher in early trading.

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Delta Air Lines Inc., up $1.12 to $44.20 The airline reported a surge in first-quarter profit on more passengers and cheaper fuel, beating Wall Street expectations.

Flash-memory chip maker SanDisk is cutting its fiscal first-quarter revenue forecast partly because of lower-than-expected sales of enterprise products and lower pricing in some areas of the business.