Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
He's trying to "improve his résumé," says his lawyer
Prices are low, but there’s plenty of red tape
Probably no automobile better illustrates the changes gripping the industry than Daimler’s two-seat, super-efficient Smart car. The diminutive 55-mpg vehicle is a surprise hit in the U.S., where until recently SUVs accounted for half of new car sales. Perhaps the Smart Car's success shouldn't be such a surprise in a year when gasoline has topped $4 a gallon. Stuttgart-based Daimler, better known for its amply-proportioned Mercedes, has sold more than 11,000 Smarts in the U.S. since the car launched in January, and there's a waiting list. Worldwide, sales neared 70,000 units in the year's first half. The Smart division—a chronic money loser since its debut 10 years ago—is expected finally to post a profit for 2008.