Anticipating hundreds of thousands of job losses, Prime Minister offered employers new incentives to hire and pledged new funds to train those who lose their posts.
General Electric subsidiary and A-Power Energy Generation Systems Ltd. sign two letters of intent: one for a supply deal and a second for a joint venture partnership.
Country's economic health is 'very weak' and is likely to stay that way at least through the first six months of this year, a Federal Reserve official said Monday.
Automakers looking to make the jump to the U.S. market face a global financial crisis that has slowed growth and sapped the potential for partnerships to ease their expansion.
General Motors’ COO said Monday that the automaker presented a worst-case scenario to Congress in which it would need more money than the $13.4 billion allocated.
Laux takes over immediately for Chuck Bub who announced in November that he would be retiring after more than 5 years as company president.
Automaker planning to put a fully electric car in showrooms by 2011 that will get up to 100 miles on a single charge as part of a plan to bring more hybrids and electric cars to market.
Chief executive of Rio Tinto Alcan Dick Evans will retire on April 20 after the company's annual general meetings.
Danish drugmaker Santaris Pharma and Wyeth Pharmaceuticals said Monday they have entered a multimillion dollar agreement to develop new medicines.
CSM research report projected 2009 global sales would fall about 8 percent to 56.8 million units in 2009, but would rise nearly 7 percent to 60.8 million units in 2010.
Aerospace and industrial component maker named Christopher J. Stephens Jr. as chief financial officer and senior vice president of finance.
According to the group's Employment Trends Index, total nonfarm employment fell by more than 2.5 million in 2008, with another 2 million in job losses possible in 2009.
Medical products and drug maker said Monday it is buying Advanced Medical Optics Inc. for about $1.36 billion plus debt to expand its eye-care offerings.
Brazilian plane maker says it delivered 204 jet planes last year, a 21 percent increase over the 169 jets delivered to buyers a year earlier.
Latrobe, Pa.-based manufacturer of metal-cutting tools and highway construction equipment says it will cut 1,200 jobs, which will save about $100 million.
Canadian Auto Workers at Lear’s Kitchener plant have voted to re-open their collective agreement in an effort to attract more business.
Ford, GM, and Chrysler tried to prove to consumers and taxpayers that they are new and improved as they rolled out new vehicles at the North American International Auto Show.
Aviation Industry Corp. of China is building the factory in Tianjin, east of Beijing, and should produce its first helicopter this year, the Xinhua News Agency said.
Medical device maker said Monday it is buying privately held Ablation Frontiers Inc. for $225 million to expand its portfolio of treatments for abnormal heart rhythm.