David McHugh

AP Business Writer

From Garage Production to Global Exporter

From Garage Production to Global Exporter

Since it’s founding over 35 years ago in a Maryland garage, Patton Electronics has grown to be an international player in the design and manufacture of communication and network connectivity hardware for a wide range of applications. Watch Now!

Siemens CEO Roland Busch prior to the virtual annual shareholders meeting in Munich, Feb. 3, 2021.

Siemens Raises Outlook as Global Economy Rebounds

The engineering company cautioned that it could be affected by the shortage of semiconductors for electronic components.

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Car Makers Fined $1B Over Emission Collusion

Regulators said the companies resisted competition and denied consumers the chance to buy less-polluting cars.

OECD headquarters, Paris, June 7, 2017.

130 Countries Back Global Corporate Tax Deal

It would be at least 2023 before the agreement takes effect.

OECD headquarters in Paris, June 7, 2017.

How to Curb Tax Avoidance by Multinational Companies

A new approach to international taxation might be reached this year.

Finance ministers from the G-7 nations meet at Lancaster House in London, June 5, 2021.

G-7 Backs Steps to Deter Multinational Firms' Tax Dodging

A global minimum tax aims to deter companies from stashing profits in low-tax countries.

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China, Global Recovery Boost Profit at Daimler

The automaker raised its outlook for an important measure of profitability this year.

Workers complete a Volkswagen ID.3 body on the assembly line in Zwickau, Germany, Feb. 25, 2020.

Volkswagen Plans Six Battery Factories to Ramp Up Electrics

The automaker also plans a five-fold expansion of fast-charging stations by 2025.

An employee attaches a Mercedes emblem to a Mercedes-Benz S-class car, Sindelfingen, Germany, April 30, 2020.

Daimler to Split into Two Companies

The automaker will spin off its truck and bus division and rename itself Mercedes-Benz.

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Debate Heats Up Over How to Tax Big Tech

There's a mid-year deadline for talks on a global deal that aims to defuse trade disputes.

ID.3 cars at Volkswagen's factory in Zwickau, Germany, Feb. 25, 2020.

Volkswagen Triples Electric Car Sales Ahead of Climate Rules

Germany saw more people buy electrics than diesels last month.

Federal Reserve Board Chairman Jerome Powell during a Senate Banking Committee hearing on Capitol Hill, Sept. 24, 2020.

Central Bankers Say Economy Needs Help Despite Vaccine News

The chairman of the Federal Reserve said Congress "may need to do more."