Drugmaker Amylin Pharmaceuticals Inc. will cut 340 jobs, or a quarter of its San Diego work force, in a move to cut operating expenses by more than $100 million in 2009.
Aluminum producer suspended its expansion of an alumina refinery in Western Australia state and slashed metal production as demand weakens due to the global credit crisis.
GM to lay off another 1,900 factory workers at parts stamping, engine and transmission factories in North America as it cuts expenses to deal with a worsening cash crisis.
French-Romanian carmaker and steelmaker Arcelor Mittal Hunedoara will temporarily halt production as the world's economic turmoil hits Romania's industrial sector.
Investor confidence rose slightly in November, supported by interest rate cuts and German government action to combat the economic slowdown, but remained very low.
Swedish truck and bus maker says it will lay off 900 permanent workers at its powertrain unit in Sweden and 100 in North America.
China's trade surplus set new record in October but export growth weakened, adding to pressure on the economy as Beijing launches a multibillion-dollar stimulus package.
Brilliance Auto, BMW's Chinese partner, will make its first appearance at any North American auto show in Detroit in January.
Bad news kept piling up for General Motors on Monday as shares plunged and some analysts predicted the automaker would collapse without a government bailout.
Prime Minister Vladimir Putin called for Russia, world's second largest oil exporter, to assume greater role in influencing oil prices, Russian news agencies reported.
Toyota rolled its first Venza wagon off the factory floor in Kentucky on Monday as the automaker tries to push further into the small vehicle market.
General Motors says the troubled mortgage industry and frozen credit markets have raised doubts that the mortgage business of its GMAC financial arm can survive.
Edwin G. Foulke, Jr., former Assistant Secretary of Labor for Occupational Safety and Health, joins labor and employment firm.
World's largest publicly traded copper producer said Monday it would cut molybdenum production and lay off 14 percent of its work force at a Colorado mine.
The Conference Board Employment Trends Index prolonged its steep decline in October, suggesting that employers will continue to aggressively reduce payrolls well into 2009.
Deutsche Post AG will close all of its DHL Express service centers, cut 9,500 jobs in the U.S. and eliminate U.S.-only domestic shipping by land and air, the company said Monday.
Canadian telecommunications equipment maker said besides job cuts, it is freezing salaries and hiring, re-evaluating its real estate holdings and cutting discretionary spending.
President of the Eurogroup -- representing the 15 European countries that use the euro currency -- said he favors action to support the 'very enfeebled' European auto sector.
Faced with the prospect of zero export growth, closing factories and mass layoffs, China moves to cushion the blow of the global slowdown with a $586 billion stimulus package.
South Korean auto maker on Monday officially opened a new $1.3 billion car plant in the Czech Republic, designed to produce up to 300,000 cars a year by 2011 for European markets.