Oil executives and political leaders said Monday that the era of cheap energy is over, and warned of another price spike if investment in oil production is curtailed.
Measure of U.S. manufacturing activity plummeted in October to 38.9 -- its lowest level in 26 years -- as new orders slowed dramatically.
Auto parts supplier said Monday it plans to reduce working hours for some workers at a German plant later this week as the car industry cuts costs and braces for economic recession.
Generic drugmaker Caraco Pharmaceutical Laboratories Ltd. said it received a warning letter from the Food and Drug Administration over quality-control issues at its Detroit plant.
Survey of Midwest and Plains supply managers suggests they are dour about the regional economy over the next six months, as the confidence index falls to record low of 22.8.
Auto parts supplier Dana Holding Corp. said Monday that John Devine, its executive chairman, will take on the additional job of chief executive at the beginning of 2009.
Memory chip maker on Monday said it named Raymond D. Cook as its chief financial officer to succeed Dan Moses, who is retiring effective Nov. 10.
Beef and pork producers want the Canadian government to launch a trade challenge against the U.S. over a new law that requires country-of-origin labeling for fresh meat.
Nation's second largest ethanol producer said it is seeking bankruptcy protection after skyrocketing corn costs and a deterioration in capital markets left the company short on cash.
Japanese electronics maker is said to be planning a tender offer for Sanyo, according to a report Sunday by Dow Jones.
Beverage and snack maker said it will invest $1 billion over the next four years to expand its manufacturing capability, research and development and sales force in the country.
Beijing’s Agriculture minister has called the discovery of melamine-tainted eggs ‘isolated cases,’ but urged continued scrutiny over the animal feed industry to ensure food safety.
Supporters think algae could someday be turned into cheap fuel for automobiles and planes, and are betting heavily with infusions of venture capital money and intensive research.
Security firm has laid off an undisclosed number of employees after the company failed to win a government contract for its Grizzly armored vehicle to replace the Humvee.
IG Metall expanded a campaign of brief strikes to underline its demand for a hefty pay hike, while employers stuck to their insistence on a moderate increase.
Manufacturing activity in China slowed sharply amid weaker export demand despite a flurry of official measures to boost flagging growth in the world's fourth-largest economy.
Machinists union members ended their walkout on Saturday by ratifying a new contract with Boeing; the vote was about 74 percent in favor of the proposal.
Industrial conglomerate Siemens is poised to sell its 50-percent stake in joint venture Fujitsu Siemens Computers to Fujitsu, sources familiar with the deal told The Associated Press.
Automaker is offering buyout packages to nearly 4,000 workers at its Alabama plant for the first time since the factory opened 11 years ago.