Optimism in Britain's manufacturing sector has slid to a near 30-year low despite the falling pound and outlook for the next three months is grim, business leaders said Thursday.
Even though earnings were up in the fourth quarter, defense contractor lowered its 2009 profit outlook on an expected spike in pension costs linked to recent market turmoil.
Labor Department reported Thursday that initial jobless benefit claims rose to a seasonally adjusted 589,000 -- well above economists' expectations of 540,000 new claims.
Growth for the three months through December fell to 6.8 percent compared with a year earlier, down from 9 percent the previous quarter, the government said.
Provider of automated 3D CAD transformation and visualization solutions named Chris Garcia Senior Vice President of Business Development.
Japanese electronics maker expects to sink into a $1.7 billion net loss for the fiscal year through March, while the CEO vows for a turnaround through job and wage cuts.
Chinese court condemned two men to death and handed a life term to a dairy boss for their roles in a contaminated milk scandal that killed at least six babies.
Asia's fourth-largest economy shrank 3.4 percent in the fourth quarter of 2008, contracting from the previous year for the first time in a decade.
Exports fell for the third straight month, plunging 35 percent from the same month a year ago and surpassing the previous record, November's 26.7 percent retreat.
United Auto Workers President Ron Gettelfinger says the union will have to make further concessions as Detroit's automakers try to meet the terms of government loans.
Republican governor sent a letter to the new Democratic president asking him to give California and other states permission to implement tough tailpipe-emission standards.
Detroit automaker will get another $4 billion Feb. 17 when it submits a plan to the government to show how it will become viable.
French economic growth will be 'close to zero' this year the top official for France's economic recovery plan said Thursday; economists said even that was too optimistic.
Automaker has denied a report that it is considering raising $2.58 billion to fund a merger with France's PSA Peugeot-Citroen.
Vehicle production in the United Kingdom slumped 48 Percent from the same month the year before as the credit crisis continued to hit demand hard, a trade group said.
North Dakota lawmakers have introduced legislation to eliminate the state's motor vehicle excise tax on manufacturers' rebates.
An alliance with Chrysler and a new generation of safe and stylish cars have positioned the Italian automaker for a comeback in the U.S. after an absence of more than two decades.
Airplane maker warned its workers Wednesday to prepare for job cuts that could touch all areas and levels of the company.
Biotechnology company named Jennifer Doudna to the newly created position of vice president of discovery research.