New Jersey-based Alpharma has finally agreed to King Pharmaceuticals' $1.6 billion cash takeover offer, ending the drugmakers' months-long battle.
Dozens of deaths have been linked to medications that have never been reviewed by the government for safety and effectiveness but are still covered under Medicaid, AP said.
Business confidence in Europe's biggest economy fell to a 15-year low in November as worries about the economy mounted amid the global economic crisis.
When Chrysler teetered on the brink of bankruptcy, it spent months building support for a $1.5 billion loan guarantee that helped save it and tens of thousands of jobs.
Leading Democrats expect U.S. automakers will show Congress next month they are worth rescuing and are capable of returning to global pre-eminence.
It's unlikely Chevy and Cadillac owners would be left with worthless warranties and no replacement parts, but Detroit's dire situation may already be keeping buyers away.
Members of United Food and Commercial Workers, on strike since Aug. 22, rejected the latest proposal from Grain Processing Corp. in Muscatine, Iowa.
State court in Nuremberg sentenced Johannes Feldmayer to two years probation and a fine for his involvement in corruption at Germany's largest industrial conglomerate.
Maker of dinnerware, gifts and collectibles said Monday it filed for Chapter 11 bankruptcy protection, the latest company to succumb to the weak retail environment.
Just weeks after posting record profits, steel makers are facing dwindling orders, production cuts, layoffs -- and tougher times lay ahead, analysts say.
Some of the 7,000 New Hampshire auto parts workers could be part of the estimated 2.5 million U.S. job losses if just one of the big three automakers declared bankruptcy.
Economic stimulus package Barack Obama is expected to announce Monday won't likely have a major impact on manufacturing until the end of 2009 or later.
As many as 2,444 employees at ArcelorMittal's steel plant in Indiana could be laid off indefinitely in January, the company said.
Diversified health care-products company said Monday it will pay $438 million for Omrix Biopharmaceuticals Inc., in a move to expand its surgical product unit.
More than a dozen corporate chiefs have agreed to speak at the convention next year on the future of manufacturing, technology, energy and the environment.
Two countries said they agreed that coordinated action was key to addressing the economic downturn, even if different measures were used by Paris or Berlin.
Workers at CAMI Automotive, a GM and Suzuki joint venture, voted in favor of rotating layoffs between January and April 2009, meaning members will work in alternating two-week shifts.
Billionaire investor Warren Buffett says U.S. automakers need a new business model to better compete, whether it takes bankruptcy or a government bailout to achieve.
Federal grand jury in Iowa has returned a 12-count indictment against the meatpacker and some employees on charges ranging from conspiracy and harboring illegal immigrants to bank fraud.
Economy's weakness to stretch well into next year, though it's difficult to tell how long and how deep the downturn will be, according to Federal Reserve Bank of Chicago's president.