Industrials

ThyssenKrupp AG Chairman Gerhard Cromme admitted on Friday to making mistakes that contributed to massive losses at the German steelmaker, but didn't bow to pressure from some shareholders to step down.

Lithium-ion batteries similar to those that prompted the Federal Aviation Administration to ground Boeing Co's new 787 airliner on Wednesday are also used on satellites and the U.S. military's new F-35 Joint Strike Fighter.

The European Union will not be drawn into a trade war with China, the EU's ambassador to the country said on Wednesday, a day after trade sources said the European Commission found that Beijing illegally subsidizes Chinese steel producers.

Homebuilder confidence in the market for single family homes held steady at near seven year highs in January, suggesting the outlook for the housing market remained upbeat.

SKF , the world's biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts.

Production cuts and closures carried out this year have helped Alcoa Inc , the world's largest aluminum producer, to move 4 percentage points down the aluminum smelting cost curve, its chief executive said on Tuesday.

Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

Investors' "fiscal cliff" worries are likely to give way to more fundamental concerns, like earnings, as fourth-quarter reports get under way next week.

New York Attorney General Eric Schneiderman cannot object to a $115 million settlement between American International Group Inc shareholders and the insurer's former chief executive, a U.S. judge has ruled.

Pentagon officials and weapons makers on Wednesday expressed relief after Congress approved a two-month delay in huge budget cuts, but warned that a longer-term fiscal solution is urgently needed to lift the uncertainty hanging over the sector.

Iranian manufacturers and builders face serious shortages of steel and other metals as a new European Union export ban adds to troubles for an economy already reeling from sanctions on its finances and oil exports.

Adidas is seeing the first signs of success at its struggling Reebok brand, the group's chief executive said on Thursday.

Anglo American Platinum said on Friday it had offered to start wage talks ahead of the expiry of current agreements in the middle of next year in a bid to get more than 30,000 workers back on the job at several of its mines in South Africa.

Superstorm Sandy will slash earnings at New Jersey casinos and benefit home repair and discount retailers but have limited impact on other sectors and is unlikely to trigger credit downgrades, credit agency Moody's Investors Service said.

Japan's Toyota Motor Corp raised its full-year net profit forecast by 2.

Indian lubricants maker Gulf Oil Corp said on Tuesday it has acquired U.

Stocks opened sharply lower on Tuesday as a trio of disappointing earnings from Dow components seemed to confirm concerns about the slow global economy and its impact on corporate results.

Stocks opened sharply lower on Tuesday as a trio of disappointing earnings from Dow components seemed to confirm concerns about the slow global economy and its impact on corporate results.

Japan's Honda Motor Co said on Monday it plans to sell its Acura brand in Brazil beginning in 2015, making it the latest carmaker to aim its luxury vehicle range at the country's buoyant high-end consumer market.

As director of 777 manufacturing at Boeing Co , Jason Clark is busy overseeing more than 3,000 factory workers who build seven of the $300 million airliners every month.