US Business News

Ford to Expand Manufacturing in Mexico

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Ford Motor plans to spend $2.5 billion to expand manufacturing operations at two sites in Mexico, the latest in a wave of auto investments flowing to the U.S.’s neighbor to the south.

China's Gray Market Worries Auto Makers

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China is encouraging gray-market luxury-car sales, posing a challenge for Audi, BMW, Mercedes-Benz and others trying to hold on to profit margins considered some of the best in the world.

Ford to Develop Carbon-Fiber Material

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Ford Motor is entering into a joint venture with carbon-fiber manufacturer DowAksa, a move aimed at more widely using the costly material to reduce the weight of vehicles that need to meet tougher emissions standards.

Apple Pay Plans to Launch in Canada

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Apple is planning to launch its mobile payments service in Canada this fall, marking the start of its international expansion of Apple Pay.

Vivendi's Bolloré Gets Double Voting Rights

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Vivendi chairman and its largest shareholder, Vincent Bolloré, scored himself double voting rights at the French media group’s shareholder meeting.

Western Executives Eye Iran's Oil At Vienna Summit

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An energy conference this week connected officials from international oil companies like Chevron Corp. with Iranian energy officials.

Regulators Act on Oil Trains' Safety

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U.S. regulators are urging railroads to change the way they deal with wheel defects, saying the problem may have caused a fiery oil-train derailment in Illinois last month.

Bribery Charges Dropped Against Former News of the World Editor

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U.K. prosecutors dropped bribery charges against former News of the World editor Andy Coulson and eight others, a decision that effectively leaves in tatters a high-profile investigation of alleged illicit practices at British tabloids.

Sharp Nears Another Bailout

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The company aims to cut 5,000 jobs, trim troubled solar-panel and TV operations and sell its headquarters, while banks write off about $1.68 billion in loans in exchange for shares.

Key Volkswagen Directors Back CEO

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Key members of Volkswagen’s supervisory board endorsed Chief Executive Martin Winterkorn and urged his employment contract be extended, a day after they met with him and Chairman Ferdinand Piech to quell friction between the two.

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