South Korean conglomerate announces its largest ever investment plan and said it would increase hiring a week after the long-serving chief announced his resignation.
Government's plan to crack down on illegal workers could cost employers more than $1 billion a year and legal workers billions in lost wages, a study says.
As gas prices marched higher and now top $3.50 per gallon across the nation, car buyers increasingly are abandoning SUVs and pickups in favor of smaller crossovers and cars.
Forest products company will permanently close its oriented strand board plant in New Brunswick effective June 6, blaming the slowdown in the U.S. housing market.
Toolmaker will lay off 700 employees and close its pressure washer plant in Arkansas in the wake of a disappointing quarterly report.
American Axle reported a $27 million first-quarter loss as executives repeated threats to move production elsewhere if they can't reach a deal to end a two-month strike by the United Auto Workers.
Michigan-based Citation will close a Butler, Ind., aluminum factory in July to focus on its iron business.
Reuters/University of Michigan consumer sentiment index came in at 62.6 for April, down from 69.5 a month earlier -- and the lowest reading since the early 1980s.
Tennessee and Alabama should be favored over Michigan to land a new Volkswagen assembly plant, based on the auto industry's ongoing migration into the Sun Belt.
President Bush acknowledged that the U.S. economy is weakening, but expressed hope that tax rebates that will start going out on Monday should help shore things up.
New $100 million chemical plant in El Dorado will produce calcium chloride and employ about 50 people when it opens next year.
Mississippi-based poultry company will build a new processing plant, feed mill and hatchery in Kinston, creating 1,500 new jobs.
Former employee violated product registration policies at a lawn and garden company that has been ordered by the EPA to stop selling unregistered and mislabeled pesticides.
Hundreds of United Auto Workers members rallied outside the annual shareholders meeting, blocking traffic, carrying picket signs and jeering vehicles carrying people to the meeting.
About 200,000 chainsaws violated air pollution laws, the Justice Department said, costing a Taiwanese manufacturer and three U.S. companies $2 million in fines.
Threatened strikes by United Auto Workers locals at plants in Kansas and Michigan have been postponed because contract talks are making progress.
Home appliance maker called it the toughest economic market in three decades, with costly materials and weak U.S. demand contributing to a nearly 20 percent drop in 1Q profits.
Consumer prices rose at their fastest pace in a decade in March due to sharp increases in energy and food costs, the government said Friday.
Japanese electronics maker's net profit plummeted 95 percent in the January-March quarter due to losses related to its exit from the next-generation video HD DVD business.