Industrials

On fleeting Hong Kong trips, Chinese make frugal fashionable

Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and international fashion chains in Hong Kong, turning cheap into the new chic as luxury falls out of favor.

U.S. retail group criticizes Bangladesh safety accord

A major U.S. retail trade group on Wednesday spoke out against a Bangladesh fire and building safety accord agreed to by mostly European companies, saying that signing on would expose American companies to a legally questionable binding arbitration provision.

EADS 1Q Operating Profit Jumps

Core profit at Airbus parent EADS rose sharply in the first quarter after the passenger jet maker raised output of its most profitable planes.

Talks suspended between Caterpillar, Milwaukee workers' union

Caterpillar Inc said Thursday that a bid by the United Steelworkers Union to re-open contract talks on behalf of workers in Milwaukee who make mining machinery had not resulted in a breakthrough and that no new meetings between the two sides were scheduled.

Shares of Caterpillar look 'cheap': Barron's

Shares of the world's largest construction and mining equipment maker Caterpillar Inc look poised to rise as the economic recovery picks up, financial newspaper Barron's said on Sunday.

Manufacturing growth slows in April: ISM

The pace of manufacturing growth slowed in April as the sector expanded only modestly, an industry report showed on Wednesday, adding to signs the economy cooled as the second quarter got underway.

BHP Billiton sells Arizona copper mine for $650 million

BHP Billiton has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp for $650 million, the latest in a spate of asset sales by the top global miner as it tightens its belt in a weaker market.