Industrials

Budget deal leaves U.S. defense sector in limbo

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.

Steel sanctions cut deep into Iran's economy

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.

Amplats offers to open early wage talks to end strike

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.

Moody's sees Sandy hit to casinos, benefit to retailers

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.

Wall Street drops on poor 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.

Wall Street drops on poor company 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.

Acura, BMW and Cadillac eye Brazil's luxury car market

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.

Exclusive: Renault-Nissan to lift savings, revamp alliance

Renault and Nissan will pool more operations and seek a more stable structure for their carmaking alliance, sources said, to compete with Volkswagen on scale and prepare for Chief Executive Carlos Ghosn's eventual succession.

EU asks for WTO panel into Boeing subsidy dispute

The European Commission said on Thursday it has asked the World Trade Organization to set up a panel to look into what Brussels sees as the United States' refusal to stop subsidies to planemaker Boeing in the world's largest trade dispute.

UK says EADS-BAE decision in companies' hands

British Defense Minister Philip Hammond said on Wednesday a decision on a proposed merger between EADS and BAE was in the companies hands and that the government was awaiting their verdict.