Brazil’s economic growth slowed in the first quarter as President Dilma Rousseff, who is up for re- election in October, struggles to rebuild confidence that led to the biggest decline in investment in two years.
Jakson Group, one of India’s biggest suppliers of diesel generators, expects about half of its sales to come from the solar business within three years as rising fuel costs make sun-based power more attractive.
Eli Lilly & Co. Chief Executive Officer John Lechleiter said during a panel discussion in Washington that U.S. lawmakers should renew the research-and- development tax credit to make it easier for companies to compete globally. The Oct. 5 event, sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News in Washington, centered on ways to spur innovation.
BorgWarner Inc., the world’s biggest maker of automatic-transmission parts for vehicles, filed a lawsuit accusing Cummins Inc. of infringing three patents for a titanium wheel used in engine turbochargers.
The road to financial success started in H.J. Mennie’s garage in rural Illinois, where the tool and die maker built a parts-manufacturing business selling to Fortune 500 companies from Caterpillar Inc. to Cummins Inc. His strategy worked for four decades, until the last recession and global commerce’s volatility cut into the firm’s profits and workforce.
Five corporate executives and seven university leaders discussed with John Holdren, President Barack Obama’s science adviser, and David Kappos, head of the U.S. Patent and Trademark Office, ways to boost the economy through promoting innovation during an Oct. 5 event in Washington sponsored by Harvard University and the Business Roundtable and hosted by Bloomberg News.
Cummins Inc., VMware Inc. and Chipotle Mexican Grill Inc. show that stock pickers can still outperform the market even as shares move in the same direction as benchmark indexes at near record rates, according to Birinyi Associates Inc.