Wall Street extended its devastating decline Friday as investors sold frantically and propelled the Dow Jones industrials to their eighth straight day of losses and worst week ever.
CEO Alan Mulally says Ford is focused on managing its cash and putting its restructuring plans in place as it tries to weather the credit crisis and stock market decline.
Hundreds of angry Renault workers and others protested Friday to register their discontent about expected job cuts at the French automaker and restructuring in the industry.
Metal vaults are so popular in some parts of the country that shoppers are depleting store supplies as worries about the nation's economy spread.
Prosecutors say Lenar Equipment illegally imported tractors from China; company is believed to be the first prosecuted criminally for violating a new Clean Air Act regulation.
Unit of Textron Inc. said it has received a U.S. Navy contract extension worth $210 million for 15 aircraft.
Chief financial officer Don Leclair will retire after a 32-year career with the automaker; Lewis Booth has been named his replacement.
Finance Minister Christine Lagarde made her remarks while in Washington for a meeting of finance ministers of the Group of Seven industrialized nations.
Crude oil prices briefly dropped to $77.28 a barrel Friday, as investors grow more pessimistic about the prospects for resolving a mushrooming global economic crisis.
Timber company said Friday that it will sell its Trus Joist Commercial division that makes wooden building products to a holding company for an undisclosed sum.
Beleaguered boatmaker said it will cut 1,400 more jobs as the company shuts four plants and furloughs workers at three more, as boat sales slump to near-record levels.
M&M-making rival has crept up on Hershey's dominance of U.S. chocolate buyers, and now has set up shop just 10 miles from Hershey's flagship factory.
Federal regulators have fined F.X. Matt Brewing Co. $5,000 for safety violations following a fire that destroyed the company's bottling facilities.
Organic light-emitting diodes printed onto flexible sheets that can wrap around pillars, be taped to windows or even used as wallpaper, could make nearly every household lamp obsolete.
General Motors shares hit their lowest price since 1949 in the opening minutes of trading Friday, but rebounded by midmorning.
Chemical maker says it has resumed full supply for some products at two Texas plants affected by Hurricane Ike in September.
Maker of hydraulic, electric and electronic systems and components said David J. Anderson plans to retire and named Sven Ruder his replacement.
Turmoil in the American financial system catalyzed a chain reaction of financial and political events, creating uncertainty surrounding the near-term global outlook, according to MAPI.
Motor home maker will shutter its production plant in Paxinos, Pa., and move the operations to Decatur, Ind.