The strategies Apple uses are legal, and many other multinational corporations use similar tax techniques to avoid paying U.S. income taxes on profits they reap overseas. But the report found that Apple uses a unique twist, and lawmakers are raising questions about loopholes in the U.S. tax code.
The economists predict that the U.S. economy will grow 2.4 percent this year and 3 percent next...
Walmart Senior Vice President Michelle Gloeckler said promoting in-state vendors will improve...
A Delaware bankruptcy judge has given final approval to the reorganization plan of failed battery maker A123 Systems Inc., which was the recipient of a $249 million Department of Energy grant. Monday's court hearing resolved minor outstanding issues following the sale of most of the company's assets to the U.S. arm of Wanxiang Group Corp. for nearly $257 million.
Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank. The companies said late Thursday that SoftBank had waived provisions of its deal with Sprint that will allow Sprint to talk with Dish.
United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another.
3-D technology isn't just for movie theatres and comic books anymore. In fact, it may very well reshape the landscape for American manufacturing. It's all thanks to advances in 3-D printing, also called additive manufacturing, which has seen tremendous growth in the last few years.
Auto workers in Toledo celebrated a milestone this past week. The 1 millionth Jeep Wrangler rolled off the assembly line at Chrysler's assembly plant that opened in 2006. Chrysler marked the occasion Friday with a ceremony at the production line.
From Tesla Motors, making cutting-edge cars, to Solaria, making solar panels, manufacturers are drawn to Fremont by incentives including a five-year waiver on business taxes, an expedited regulatory process, proximity to Silicon Valley firms and a skilled labor force.
The force of the blast flung broken glass, smashed concrete, and other debris as far as 200 meters (600 feet), reports said. Walls in outlying buildings were flattened and glass shattered. A total of 34 people were inside the factory at the time of the blast, and survivors were rushed to hospital. The cause of the blast and condition of those injured were not immediately known.
Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organizations, announced its next-generation cloud enterprise resource planning (ERP) solutions is gaining traction with manufacturers.
NetSuite Inc. and Autodesk Inc. announced a strategic alliance to offer manufacturing companies seamless integration of Autodesk PLM 360 and NetSuite ERP. The relationship aims to transform modern manufacturing by helping manufacturers confront challenges like shifting economic conditions, deliver quality products and address customer innovation requirements, all with a flexible, cloud-based system.
Obama is to fly by helicopter Friday about 40 miles north to Baltimore, which has had its share of tough times in the move from an industrial to service economy. But Maryland has experienced steady job growth so far this year as part of a nationwide economic recovery.
Several factors come into play when manufacturers make the decision to move or reshore (see chart). The wage gap is never the only reason, but in all cases, the move makes business sense – it’s not simply a feel good story.
The dismal performance announced Thursday provided the latest evidence of a technological shift that is making it difficult to sell laptop and desktop machines. Until recently, consumers had regularly replaced machines with faster ones every few years.
Investigators working in the remnants of an exploded Texas fertilizer plant sifted by hand through untold kernels of corn, moved tons of debris and conducted more than 400 interviews, while searching for the missing piece to solve what many officials compared to an extraordinary puzzle.
The Transportation Safety Board says the U.S. manufacturer of flying cars has grounded all five of its prototypes until it can determine a cause for a recent crash in B.C. One of the Maverick flying cars crashed near a Vernon elementary school last week, leaving a pilot and a passenger with minor injuries.
aPriori, a provider of enterprise product cost management software solutions, announced that Iveco, part of Fiat Group, has deployed aPriori’s software platform to set, track and meet target costs across its product design process. Iveco will apply aPriori in its value engineering and new product development processes to identify and deliver new cost efficiencies for a broad range of products and groups.