BEIJING-South Korea’s STX Shipbuilding Co. plans to spend $3 billion to create a new ship building plant in China. MORE

DETROIT-General Motors Corp. is set to lay off salaried workers, cut truck production, suspend its dividend and borrow $2 billion to $3 billion to weather the current severe downturn in the U.S. market. MORE

INDIANAPOLIS-An annual report from the Consulate General of Japan in Chicago shows Indiana is the top state in the Midwest when it comes to the number of jobs created by Japanese companies. MORE

LONDON-The cost of producing goods in England increased more than 2 percent last month, primarily as a result of energy prices. MORE

NEW DEHLI, India-India's inflation rate at the end of June was the fastest since 1995. MORE

WASHINGTON-Fewer people signed up for unemployment benefits last week, but the dip was not enough to overcome continuing weakness in the country's labor market. MORE

JAKARTA, Indonesia-The Indonesian government is requiring some manufacturers to shift production to weekends reduce peak energy demand during the week and stave off an electricity crisis. MORE

MOSCOW-The car market in Russia may very well be the biggest in Europe by the end of this year. MORE

WASHINGTON-Secretary of Defense Robert Gates has announced that the U.S. Air Force will reopen bidding on a disputed $35 billion airborne tanker contract based on findings of the Government Accountability Office. MORE

TOKYO-Toyota Motor Corp. has decided to produce the Prius hybrid instead of its less fuel-efficient Highlander sport utility vehicle at its planned new factory in Mississippi. MORE