Consumer product manufacturing

South Korean Minister of Land Infrastructure and Transport, Kim Hyun-mee, center, speaks at a press conference at the government complex in Seoul, South Korea, Tuesday, Aug. 14, 2018. South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component. (Kim Seung-doo/Yonhap via AP)
August 14, 2018 - 5:10 am
SEOUL, South Korea (AP) — South Korea will ban driving recalled BMWs that haven't received safety checks following dozens of fires the German automaker has blamed on a faulty exhaust gas component. South Korea's Ministry of Land, Infrastructure and Transport said Tuesday the ban taking effect...
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FILE- In this June 14, 2018, file photo Tesla CEO and founder of the Boring Company Elon Musk speaks at a news conference in Chicago. Musk says he's in talks with the Saudi Arabian sovereign wealth fund about taking the electric car and solar panel maker private, but no deal has been finalized. Musk says in a blog posted Monday, Aug. 13, that most of the funding would be in stock rather than debt. (AP Photo/Kiichiro Sato, File)
August 13, 2018 - 1:45 pm
DETROIT (AP) — Saudi Arabia's sovereign wealth fund would be the main source of money for Tesla CEO Elon Musk's grand plan to take the company private, but the deal isn't done yet, Musk disclosed in a blog on Monday. The fund approached Musk about going private multiple times during the past two...
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FILE- In this May 6, 2018, file photo Warren Buffett, chairman and CEO of Berkshire Hathaway, plays bridge outside Berkshire-owned Borsheims jewelry store in Omaha, Neb. Berkshire investors have generally profited as Buffett found new ways to put the company’s money to work over the years, although he has made mistakes along the way. Berkshire could reveal some more surprises when the Omaha, Nebraska-based company details its stock holdings in a quarterly regulatory filing which is expected to be made Tuesday, Aug. 14. (AP Photo/Nati Harnik, File)
August 13, 2018 - 11:18 am
OMAHA, Neb. (AP) — Warren Buffett is still finding new places to invest decades after he started, even though his basic approach of finding businesses selling for less than they are worth hasn't changed much. Buffett resisted investing in tech companies for years because he didn't think he could...
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In this Feb. 6, 2017, photo, workers assemble cars at the Dongfeng Honda automotive plant in Wuhan in central China's Hubei province. China's auto sales shrank by 5.3 percent in July 2018 from a year earlier as SUV demand sagged, adding to signs of economic malaise amid a tariff battle with Washington. (Chinatopix via AP)
August 10, 2018 - 5:50 am
BEIJING (AP) — China's auto sales shrank in July from a year earlier as SUV demand sagged, an industry group reported Friday, adding to signs of economic malaise amid a tariff battle with Washington. Sales of sedans, SUVs and minivans fell 5.3 percent from a year ago to 1.6 million in the biggest...
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August 09, 2018 - 2:08 pm
NIWOT, Colo. (AP) — Colorado-based footwear company Crocs Inc. is closing company-owned manufacturing plants in Italy and Mexico by year's end and replacing its chief financial officer. The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in...
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Indian customers stand outside IKEA's first store in India as it opened in Hyderabad, India, Thursday, Aug.9, 2018. Swedish home furnishings giant IKEA opened its first store in India on Thursday, five years after it received approval to invest in the country's single-brand retail sector. (AP Photo/Mahesh Kumar A.)
August 09, 2018 - 7:31 am
HYDERABAD, India (AP) — Band music and loud cheers greeted hundreds of customers as Swedish home furnishings giant IKEA opened its first store in India on Thursday, five years after it received approval to invest in the country's single-brand retail sector. The store in the southern Indian city of...
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Customers check out the Tesla X, at the Tesla showroom in Santa Monica, Calif., on Wednesday, Aug. 8, 2018. Board members at Tesla are evaluating CEO and Chairman Elon Musk's $72 billion proposal to take the electric car and solar panel maker private. Six of nine members said in a prepared statement Wednesday that Musk began talking with the board about the move last week. (AP Photo/Richard Vogel)
August 08, 2018 - 9:28 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal. Almost everything about the deal is outlandish...
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August 08, 2018 - 4:57 pm
NEW YORK (AP) — New York City is reining in the growth of Uber, Lyft and other app-based ride services with a temporary cap on new cars picking up fares. The City Council approved a package of bills Wednesday that included a one-year moratorium on new licenses for for-hire vehicles while the city...
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China Tower Corp. Ltd. Chairman Tong Jilu holds a drum stick to hit the gong during the listing ceremony at the Hong Kong Stock Exchange in Hong Kong Wednesday, Aug. 8, 2018. China Tower, the state-backed company that operates the world's largest network of telecoms towers, made a debut in Hong Kong Stock Exchange on Wednesday, raising US$6.9 billion. (AP Photo/Vincent Yu)
August 08, 2018 - 5:31 am
HONG KONG (AP) — Shares in the state-owned monopoly that operates China's vast network of mobile phone towers ended their first day of trading flat Wednesday in the company's stock market debut in Hong Kong after raising $6.9 billion from investors. China Tower Corp. closed at 1.26 Hong Kong...
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FILE - In this April 6, 2018, file photo, an employee walks past logos of the Samsung Electronics Co. at its office in Seoul, South Korea. Samsung Electronics says it will spend $22 billion over the next three years on artificial intelligence, auto components, and other future businesses. (AP Photo/Ahn Young-joon, File)
August 08, 2018 - 4:50 am
SEOUL, South Korea (AP) — Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee Jae-yong after he was freed...
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