Ford Motor Co . will expand its biggest factory complex in China to meet growing demand in the world's largest car market.
The $600 million expansion will include a new assembly line, body shop and paint shop at its Chongqing site in southwestern China, Ford said Thursday. Chongqing is the company's largest manufacturing operation outside of the Detroit area.
Ferdinand Alexander Porsche, the design chief credited with the classic 911 sports car and grandson of the automaker's founder, has died at age 76.
Carmaker Porsche AG said Porsche died Thursday in Salzburg, Austria. No cause was provided.
Porsche was head of the Porsche design studio in the early 1960s when the company developed the sleek 911 model that remains its brand-defining product. The car is now in its seventh version, and its sloping roofline, long, low hood and prominent headlights have not changed much since then.
Retailers from discounter Target to department-store chain Macy's reported better-than-expected sales in March in the latest sign that Americans are feeling better about the economy.
A combination of warm weather and high demand for spring fashions boosted revenue for the month, but analysts say there's much more than higher temperatures at play. Americans have continued to cut back on spending in the slow economic recovery, but they're starting to be encouraged by the improving job market. Overall, revenue in stores open at least one year — an indicator of a retailer's health — rose 4.1 percent, according to a preliminary tally of 22 retailers by the International Council of Shopping Centers
J.C. Penney Co . plans to cut more than 600 jobs from its headquarters office in Plano, Texas, as part of its reorganization.
The cuts represent about 15 percent of the workforce there, Darcie Brossart, a spokeswoman, said Thursday in an e-mail.
Children in California will still be able to get toys with their Happy Meals.
A San Francisco judge has dismissed a proposed class-action lawsuit that sought to stop McDonald's Corp. from using toys to market its meals to children in the Golden State. The suit had been filed in 2010 by Monet Parham, a mother of two, and the Center for Science in the Public Interest, a consumer advocacy group based in Washington, D.C.
The suit had claimed that the world's biggest hamburger chain was violating consumer protection laws by using toys to lure them to eat nutritionally unbalanced meals. The lawsuit did not seek damages. The Center for Science in the Public Interest said in a statement that it will discuss whether to appeal the case.
Sears Holdings Corp. has hired a licensing agent to expand sales of its proprietary brands.
Leveraged Marketing Corporation of America will look for licensing agreements for Kenmore appliances, Craftsman tools and DieHard batteries, Sears said Thursday.
Sears is seeking new sources of income, including asset sales, after reporting the largest loss in its history as a combined company last year.
Cinemark Holdings, Inc ., one of the world's largest motion picture exhibitors, announced a new Android mobile application available for download at Google Play. The app enables movie fans to securely purchase Cinemark's movie tickets anyplace and anytime. The app allows users to instantly locate their nearest Cinemark theatre using GPS and to set up their own "My Cinemark" favorite theater locations.
More than 600,000 Apple Inc. Mac computers were affected by a hacking attack, a sign that the once rarely targeted company is becoming a bigger focus for people intent on spreading malware, a security-research firm said.
The attack affects computers running Apple's Mac OS X software, according to Russian antivirus software maker Doctor Web. Most of the infected computers are in the United States and Canada, the firm said in a blog posting.
Staff and wire reports
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