OFA News
contact
Select Country

Ford to More Than Double Mexico Production Capacity in 2018

2 hours ago (Sun, 07 Feb 2016 15:34:00 EST)

Ford Motor Co. will build a new assembly plant in Mexico and sharply increase Mexican factory output, representing the latest shift of investment abroad by a Detroit auto maker following the signing of a costly new labor deal.

Airbus Switches Engine Type for First A321neo Flight

4 hours ago (Sun, 07 Feb 2016 14:12:26 EST)

Airbus Group will fly the largest version of its new single-aisle plane for the first time as early as this week. The plane maker has dropped plans to use engines made by Pratt & Whitney for the maiden flight of the A321neo aircraft in favor of ones manufactured by CFM International.

Two Workers Killed, Eight Injured in Pemex Platform Fire

4 hours ago (Sun, 07 Feb 2016 14:28:49 EST)

A fire at an offshore platform run by Petróleos Mexicanos killed two workers and injured eight, the Mexican state oil company said.

Drug Industry Launches Ad Effort Aimed at Lawmakers

35 minutes ago (Sun, 07 Feb 2016 17:54:10 EST)

The pharmaceutical industry is ramping up an advertising campaign designed to improve its reputation with lawmakers as it lobbies against any effort to rein in prescription costs.

Why a Business-Tax Overhaul Is So Tricky

1 hour ago (Sun, 07 Feb 2016 17:04:40 EST)

The complex intertwining of the U.S. business and personal-tax systems is complicating Congress’s ability to address wider business-tax issues such as inversions.

Rate Expectations: Not So Fast, Fed

2 days ago (Fri, 05 Feb 2016 10:10:40 EST)

Wall Street is increasingly skeptical about the pace of Federal Reserve interest-rate increases this year, the latest blow to the central bank’s yearslong efforts to unwind its easy-money policies and return the economy to a normal footing.

Oil Rout Threatens to Impose Vicious Cycle on Economy

2 days ago (Thu, 04 Feb 2016 23:28:25 EST)

Few economists expect the crude slump will tip the economy into recession. But the fallout could grow harder to contain if the oil-price declines are instead a symptom of broader weaknesses in the global economy.

Job Market Leaves Fed in Limbo

1 day ago (Sat, 06 Feb 2016 07:39:37 EST)

The U.S. job engine slowed in January while unemployment hit an eight-year low and wage growth accelerated, complicating the outlook for Federal Reserve officials as they assess whether the economy is strong enough for further interest-rate increases.

Doctors Have Key Role in Fate of Redstone's Company Stakes

1 day ago (Sat, 06 Feb 2016 17:21:12 EST)

Media mogul Sumner Redstone’s trust puts the decision on whether he is able to manage its assets in the hands of three doctors who could review the 92-year-old only after a vote by five of his associates and relatives.

Coke, Pepsi Thirst for Oil Dividend

3 hours ago (Sun, 07 Feb 2016 14:29:53 EST)

Coca-Cola and PepsiCo will reveal this coming week whether Americans are spending more freely on soda and potato chips, as consumers pocket savings at the gas pump.

U.S. Probes Possible Fraud Linked to Specialty Creams

4 hours ago (Sun, 07 Feb 2016 13:34:45 EST)

The Justice Department is investigating what authorities suspect is half a billion dollars in health-care fraud linked to specialty creams used to treat pain and other ailments.

U.S. Debt Burden: It's Gotten a Bit Less Bad

3 days ago (Thu, 04 Feb 2016 05:59:03 EST)

As the long-term budget outlook has improved, the U.S. has gained some breathing room on the debt. But, Greg Ip writes, that doesn’t mean the U.S. should continue unrestrained borrowing without attacking the biggest contributors to the debt over the longer term.

Thailand's TCC in $3.46 Billion Deal for Groupe Casino's Big C Stake

9 hours ago (Sun, 07 Feb 2016 09:26:14 EST)

Groupe Casino has agreed to sell its stake in Thai hypermarket operator Big C Supercenter for $3.46 billion to a Thai billionaire, marking a major step in the French grocer’s plans to cut its debt.

Container Ship Remains Stuck in Elbe River

1 day ago (Sat, 06 Feb 2016 07:21:01 EST)

One of the world’s biggest container ships, the 1,300-foot-long Indian Ocean, has run aground near the busy German port of Hamburg and so far has resisted all efforts to free it.

Foxconn, Sharp to Sign Takeover Deal By End of February

23 hours ago (Sat, 06 Feb 2016 18:38:26 EST)

Foxconn Chairman Terry Gou said the Taiwanese iPhone assembler plans to seal a deal to buy troubled electronics provider Sharp by the end of the month, paving the way for one of the biggest foreign takeovers of a Japanese company.