South Korean chipmaker is looking to raise up to $690.6 million and is in no immediate danger, but its cash position could come under pressure if industry conditions do not improve.
Automaker will halt production at its sole Russian assembly plant for one month as the financial crisis dents consumers' demand for cars, a company official said.
Beijing considers proposals to boost exports, cut income taxes and inject government money into slumping Chinese stock markets amid signs an economic slowdown is worsening.
Crude prices bounced off four-year lows to trade above $43 as OPEC's president suggested it could surprise investors with a large production cut later this month.
Swedish steel maker will cut about 14 percent of its work force because of rapidly falling demand for steel, the company said Monday.
Chief Executive Alan Mulally says a bankruptcy filing by General Motors or Chrysler would drag Ford and industry suppliers into bankruptcy.
Mayors of two Indiana cities heavily dependent on manufacturing say auto bailout is needed to prevent widespread unemployment and major losses in their communities.
Automaker is considering cutting working hours at all its plants in Germany, widening plans to slow production as demand drops.
Christopher Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, said Sunday that the head of General Motors, Rick Wagoner, 'has to move on.'
Office for National Statistics said prices at the factory gate -- also known as output prices -- fell by 0.7 percent in November due to sliding oil prices.
China's passenger car sales fell 10.3 percent in November from a year earlier as stalling economic growth sapped consumer confidence, state media reports said.
Court refused to accept lawsuit filed against a Chinese dairy by families whose children were sickened or killed by tainted milk, lawyers involved in the case said.
An agreement on legislation to save Detroit's automakers is a hefty undertaking when there are several competing options afloat, each with its own set of supporters.
Provider of protective coating applications to a wide variety of industries announced the recent addition of Michael Cooper as Director, Asia Pacific OE Manufacturers.
Caustic 16-year effort to unionize world's largest hog slaughterhouse -- a journey that's included disputed elections and immigration raids -- is quietly headed toward an end next week.
Auto parts supplier is laying off about 15.4 percent of its work force in response to steep drops in vehicle sales and production.
Cowen analyst said Boeing's November commercial deliveries were four aircraft, surprisingly low considering that plant workers approved a new contract Nov. 3.
GM says it will lay off about 2,000 more factory workers early next year as the U.S. auto sales slump continues to wreak havoc on domestic automakers.
German automaker Daimler AG said Friday that sales in its Mercedes-Benz Cars group dropped more than 25 percent in November to 84,500 vehicles worldwide.
Employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession.