Superior Essex plant in Chester, S.C., that makes telephone cable plans to shut down next spring, putting 200 people out of work.
Automaker said Friday it lost $129 million in the third quarter as it burned through $7.7 billion in cash; will cut 2,260 more white-collar employees in North America.
Boeing's initial contract offer to the union representing its engineers and technical workers was incomplete and disappointing, the union said.
U.S. automakers appealed to congressional leaders Thursday for $25 billion more in federal loans, low-interest emergency borrowing and a share of the Wall Street bailout.
Battered by high interest rates and tight credit, auto sales began to shrink in the summer, and reports from major automakers suggest they fell again in October.
Japan's Daiichi Sankyo Co. has completed its $4 billion acquisition of India's largest pharmaceutical company, the companies said Friday.
German automaker said Friday its global sales in October slid 18 percent from the year before in increasingly difficult conditions in major markets.
Panasonic and smaller rival Sanyo are starting talks on a buyout deal that would create one of the world's largest electronics companies as soon as year-end.
Plane maker says an initial contract offer for engineers and technical workers will be presented Thursday after meeting for a week.
Number of out-of-work Americans continuing to draw unemployment benefits has surged to a 25-year high, further proof of the damage from sinking economy.
Toy maker cutting 3 percent of its worldwide work force and will reduce its professional and management staff by 8 percent in response to the economic downturn.
Officials in Ohio say Whirlpool Corp. is cutting up to 300 jobs at its washing machine plant in Clyde.
People briefed on General Motors Corp.'s plans say the company will not announce any new plant closures when it releases third-quarter results on Friday.
Porcelain maker has been working to restructure its business, but its inability to sell off one of its sites, combined with the global financial crisis, has forced it into bankruptcy.
Federal agents Thursday seized quantities of a contaminated blood thinner made in China from a small manufacturer in Cincinnati, officials said.
Companies sign letter of intent to possibly expand production of Fiat brand cars in Russia, where demand remains strong despite the slowdown in in Europe and the U.S.
Window and door manufacturer plans to halt production at its Tucson vinyl window plant late this month and lay off the plant's 65 workers.
Merger of two aluminum alloy companies in Arkansas and Minnesota has fallen through and a Hot Springs plant will be closed, putting 150 people out of work.
Ingredients company is shutting down its starch and protein manufacturing operations at its Pekin, Ill., plant and consolidating them at its facility in Atchison, Kan.