Lockheed Martin has agreed to pay $62 million to settle a class-action lawsuit that accused the defense contractor of mismanaging employee retirement accounts and using funds with excessive fees.
The dollar has been a source of constant complaint this earnings season. Global corporations from Avon Products to Yum Brands have said their quarterly results would have been much better if it hadn't been for the rising dollar. For some, the currency's strength has meant the difference between a profit and a loss.
The U.S. government will fine Japanese airbag maker Takata Corp. $14,000 per day for failing to fully cooperate in a long-running investigation of faulty and potentially dangerous airbag inflators.
This Engineering Newswire looks at changing the face of the Navy, having our lives taken over by A.I., and fighting fires with the shipboard autonomous robot.
Nestle CEO speaks about earnings and the company's decision to remove artificial additives from its products.
Softbank plans to market humanoid robots to Japanese consumers and sees them as a mass-market technology, like personal computers and smartphones.
To many small companies, the thought of lean manufacturing is a business principle traditionally reserved for the big companies — such as Boeing or General Motors. Yet with the rapid proliferation of technology and cloud computing, “going lean” has never been so easy for small shops.
A manufacturing group predicts that the U.S. industrial sector will grow at a faster rate than the national economy as a whole during the next two years. Further manufacturing growth, however, is likely to be hampered by further increases in the nation's trade deficit.
General Motors has hired a top lawyer from a large plastics and chemical company as its new general counsel.
A former Qualcomm sales director who bought up stock in a company that Qualcomm planned to buy and then sold it for a $200,000 profit pleaded guilty to insider trading Thursday.
Antitrust regulators are challenging the $3.5 billion sale of US Foods to Sysco, saying the deal would hurt customers by reducing competition between food supply companies.
Experts say the world's biggest computer maker shipped laptops with pre-installed software that could let hackers steal passwords or other sensitive information when you use the web to shop, pay bills or check email.
Cigarette maker Reynolds American Inc. is partnering with a pharmaceutical consultancy to develop products that help people stop smoking.
This week’s big Apple news comes from a Wall Street Journal report that indicates that the tech giant is working on a vehicle, but not everyone is pleased to hear that — including a battery manufacturer and a former CEO.
An environmental health coalition expects a majority of U.S. states to consider legislation to alter their chemical regulations this year.
Lego Systems President, Soren Torp Laursen, discusses the company's turnaround strategy.
It's not a bird or a plane, but a blimp in the sky, floating over Maryland's Baltimore suburbs. It's the newest security system launched by the Army to protect major cities along the East Coast, and it can detect everything from a cruise missile to a large drone.
In the last five to ten years, the use of online ordering — via a desk top or mobile device — has skyrocketed in the industrial MRO space. But it’s not always as easy as simply hopping on a website and tracking down a very specific product. Speed, compliance, and spend management are all significant factors in this process.
Aston Martin's limited run Vantage GT3 is a 592bhp track-focused monster headed for a full unveil at this year's Geneva Motor Show.
Samsung is buying mobile-payment startup LoopPay as the Korean phone maker steps up to challenge Apple and its payment system on iPhones.