South Korean unit of General Motors said Tuesday it will extend a planned production shutdown due to weakening demand for autos overseas.
Conference Board says Consumer Confidence Index stands at 44.9, up from 38.8 in October, which was the lowest level since 1967.
Commerce Dept. reports economy shrank more than expected in the third quarter, further proof the country is almost certainly in the throes of a painful recession.
Royal Philips Electronics NV said Tuesday it plans to cut 1,600 jobs at its health care division in response to a global economic slowdown.
NewPage paper company says it will temporarily lay off about 250 employees at its Rumford mill starting Dec. 8.
Automaker said Monday it is withdrawing from the Detroit and Chicago auto shows, citing the tough economy and the lack of new vehicles to unveil.
World's biggest mining company abandoned a hostile $68 billion takeover of rival Rio Tinto, blaming the global economic downturn and plunging commodity prices.
Cutback is in line with the truck and bus maker's plan to reduce truck production beginning in December amid falling global sales due to the current financial crisis.
Top officials from China and the U.S. will meet for high-level economic talks next week in Beijing as both countries grapple with the worst global downturn in decades.
Bankruptcy case for a kosher meatpacking company accused of labor violations at its Iowa plant should be heard in that state, Iowa's labor commissioner said.
South Korean carmaker will concentrate on developing countries and the small-car market next year as the global downturn weakens demand, a top executive said.
EMG Technology filed a lawsuit that alleges Apple infringed on a patent that involves the way the iPhone navigates the Internet.
Consumer confidence has defied country's slide into recession to rise slightly, as falling fuel prices and an industrial wage deal help boost workers' income outlook.
French tire maker said Tuesday it will temporarily close its Romanian factories until further notice due to a drop in demand for tires amid the global economic crisis.
Fresh from his Asian trade mission, Gov. Ted Kulongoski said that Oregon could be a prime market for the region's electric-only cars.
Congressional Democrats and President-elect laying groundwork for quick enactment of a two-year economic rescue package that will total about a half-trillion dollars.
Petroleum product manufacturer says it will expand its North Charleston plant, adding 160 jobs over the next several years.
Automaker and its Volvo subsidiary had 16 vehicles on the Insurance Institute for Highway Safety's list of the safest new cars, helped by the increased use of anti-rollover technology.
President gathering with Treasury chief and other Cabinet members Monday to talk about U.S. response to global economic crisis, including a rescue of Citigroup.
Eager to calm economic anxieties, Obama is rolling out an economic vision that will require congressional cooperation even before he settles into the White House.