Companies powered the U.S. job market past a milestone in March as private employment exceeded the pre-recession peak for the first time, showing the kind of progress Federal Reserve officials look for to maintain their current policy course.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury vehicles, will spend $1 billion expanding its sport-utility vehicle factory in South Carolina, making the U.S. site the German manufacturer’s largest plant.
As the European Union steps up its response to Russian president Vladimir Putin’s annexation of Crimea, German companies are urging caution lest sanctions harm their business ties -- and Europe’s shaky economic recovery.
Bayerische Motoren Werke AG Chief Executive Officer Norbert Reithofer said the conflict between Russia and Ukraine over the Crimean region needs a negotiated settlement rather than military involvement.
Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, surged to a record high after forecasting a significant gain in 2014 profit as models like the 4-Series Gran Coupe and i8 sports car propel sales.