Indian automaker inaugurated a factory to produce its super-cheap compact Nano car nearly two years after violent farmer protests forced Tata to relocate.

Tampa-based steel producer Gerdau AmeriSteel said majority shareholder Gerdau SA plans to acquire the remaining shares it does not own in a deal valued at $1.6 billion.

Defense contractor Lockheed Martin Corp. says it will sell two businesses and realign others, saying the moves will improve its performance.

Automaker will announce Wednesday that it plans to scrap its 72-year-old Mercury brand, according to two people briefed on the decision.

Toy maker Hasbro Inc. is suing two competitors, Buzz Bee Toys and Lanard Toys, claiming they infringed on its patent for the Nerf and Super Soaker brands.

More than 40 major retailers and apparel makers will set new industry standards for lead use in their products as part of a $1.7 million legal settlement.

Hungarian subsidiary of Sony said it would close a manufacturing plant in Hungary and move production of Blu-ray players and DVD recorders to Kuala Lumpur, Malaysia.

Unemployment rates eased in April for more than 90 percent of the nation's 372 largest metro areas as hiring picked up around the country.

Drivers snapped up new models and rental-car and government fleets ordered more vehicles in May, boosting U.S. sales for most automakers, except Toyota.