A Chinese ecommerce giant may go public to raise the revenue it needs to compete head-to-head with other sites and the industrial marketplace.
Stalling growth that reached a decade-low this year has marred India's economic outlook, while high inflation leaves little room for the central bank to boost demand by cutting interest rates.
Stocks are heading lower as lawmakers continue to work on a deal to avoid a U.S. default and reopen the government.
Majority Leader Harry Reid, D-Nev., and GOP leader Mitch McConnell of Kentucky could seal an agreement just two days before the Treasury Department says it will run out of borrowing capacity.
Eurostat, the EU's statistics office, said industrial production rose 1 percent. The increase was roughly in line with market expectations and the biggest monthly rise since July 2011. It also recouped July's equivalent decline — summer figures can be volatile given the holiday season.
The rising demand for new cars is creating a problem for parts suppliers — and that, in turn, could hurt the growth of car plants in Mississippi, a trade association official says.
Swedish manufacturer SKF said Tuesday that it has received antitrust approvals in the U.S. and Germany for its pending acquisition of Kaydon Corp. but did modify its requirements for closing the deal due to the federal government shutdown.
The United States moved perilously closer to an economy-rattling default and a partial government shutdown entered its 14th day as Senate Democratic and Republican leaders remained at odds over spending in their last-ditch negotiations to end the crises facing the nation.
The new factory, located in the Oksan Industrial Complex, is three times larger than the original ITT pump manufacturing plant and will produce, package, and test highly engineered pumps under the Goulds Pumps brand.
With time running short, President Barack Obama and House Speaker John Boehner accelerated efforts Friday to prevent the U.S. Treasury from default and end a partial government shutdown that stretched into an 11th day.
Older Americans appear to have accepted the reality of a retirement that comes later in life and no longer represents a complete exit from the workforce.
"China's dependence on external demand weakened," said the official, Zheng Yuesheng, deputy director-general of the customs agency's statistics department. "This shows China's economic development has transformed from being driven by external demand to domestic demand."
The total, as reported by companies participating in the USMTO program, was up 4.9% from July but down 18.1% when compared with the total of $454.19 million reported for August 2012.
“Most indexes improved in September, and several rose significantly,” noted Donald A. Norman, Ph.D., MAPI senior economist and survey coordinator. “In particular, the large increase in the Composite Index and the jump in the U.S. Prospective Shipments and the Backlog Orders indexes point to an increased pace of manufacturing activity in the fourth quarter.”
After weeks of ultimatums, President Barack Obama and congressional Republicans are exploring whether they can end a budget standoff that has triggered a partial government shutdown and edged Washington to the verge of a historic, economy-jarring federal default.
The sale includes Dow Chemical's polypropylene catalysts manufacturing plant in Norco, La., and customer contracts, licenses, intellectual property, and inventory.
As GBS President, Bottger will oversee Alcoa’s procurement, shared services and information technology organizations. He has held a wide variety of corporate and business unit operational and financial roles since joining Alcoa in 1980.
Customers can also take advantage of the innovative visibility technologies used for UPS package shipments allowing shippers to better anticipate and control their inbound supply chain operations.
"Our customers are looking for solutions in dealing with high pour point crude and sludge with asphaltene deposits. This is a hot topic among some of our distribution partners and the potential is enormous." says Chief Development Officer, Brandon Rhodes.
Crosby is a provider of engineered solutions for lifting and rigging applications across the oil and gas, construction, mining and industrial sectors. Acco provides custom-built specialty material handling equipment, including a full line of hoists, industrial cranes, monorails, carts and trailers.