A Virgin Galactic rocket ship that was supposed to take the first space tourists next year—starting with billionaire entrepreneur and company founder Richard Branson—exploded during a test flight, killing one pilot.
Takata Corp., the Japanese auto-parts maker at the middle of a 7.8-million vehicle recall over its air bags, has committed to opening two new manufacturing lines to produce replacement parts by early next year, the National Highway Traffic Safety Administration said Friday.
BHP Billiton is the world’s largest mining company by market value with operations in 25 countries. So what’s one of the first things its chief executive advised his board when he joined: break it up.
Exxon and Chevron reported surprising profit growth, despite gloomy market conditions, boosted by their refining divisions that have lost favor with some smaller peers.
An emerging FCC plan to give the agency more authority to regulate traffic on broadband Internet networks is shaping up as the classic Washington compromise. No one loves the idea, and everyone is sure it will wind up in court.
Mexico’s planned construction of a $10 billion broadband network, with more than 20,000 antennas, could provide an alternative to Mexico’s dominant carrier, Telcel, which is owned by billionaire Carlos Slim.
Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.
The U.S. unit of Australian oil and gas company Marion Energy Ltd. on Friday filed for Chapter 11 bankruptcy protection.
Wal-Mart is testing a program to match online prices from rivals like Amazon this holiday season, a move that could make the discounter more competitive but cut into profits.
Nucor Corp. is in talks to invest in Cliffs Natural Resources Inc.’s Bloom Lake iron ore mine in Canada.