CAT's plans for a $140 million road grader plant in North Little Rock remained unchanged Monday, despite the company reporting fourth-quarter profit plunged 32 percent.
Company said it will not close on its $15.4 billion acquisition of the specialty chemicals maker by Tuesday's deadline due to the economic turmoil and recent collapse of a joint venture.
Unit of Oshkosh Corp. signed a research and development deal with the Army for refining the technology that enables unmanned ground vehicles to operate in a convoy.
Automaker said it will cut 2,000 jobs at plants in Michigan and Ohio, and it will halt production for several weeks at nine U.S. plants over the next six months due to slow sales.
Pharmaceutical giant is buying rival drug maker Wyeth in a $68 billion deal that could reshape the drug development industry; also plans to cut 10 percent of its workforce.
Largest producer of cardboard box materials in North America said Monday that it has filed for bankruptcy protection as it looks to restructure a heavy debt.
Conference Board of Canada says consumer confidence ticked upward slightly this month, but remains at recession-era lows.
New York-based Conference Board's monthly forecast of economic activity rose unexpectedly 0.3 percent in December; economists had projected a 0.3 percent decline.
U.S. sales of cars and light trucks will rebound in 2009 from dismal levels in last year's fourth quarter, but they still won't match 2008's full-year sales, an economist predicts.
Canadian auto plants are more efficient than U.S. and Mexican counterparts, according to a study by the Canadian Auto Workers union.
New owner Schaeffler Group KG will divide Continental’s operations into two divisions with tire and rubber plants in northern Germany and auto parts plants in the south.
State regulators contend New Center Stamping Inc. failed to adequately protect employees from serious safety hazards discovered during inspections in the fall of 2008.
Farm-equipment maker will fire 502 workers at an agricultural harvesting equipment plant in Brazil and 190 employees at a construction equipment plant in Davenport, Iowa.
Despite Chrysler's U.S. sales down 30 percent last year and an economic recession, dealers are answering the automaker's call to order more cars and trucks.
Japan's No. 1 automaker expects to roll out 3 million vehicles at the parent level, 'the minimum necessary' for Toyota to keep its full-time workers, a Japanese newspaper said.
Plane maker's customers will benefit from $6.4 billion in new state-backed bank financing aimed at supporting the aeronautic industry, a Finance Ministry official said.
Automaker is investing in new products, planning for slow sales and looking to incentives to help it sell its way out of the downturn, President and Vice Chairman Jim Press said.
After federal regulators approved the deal, Dow Chemical is in talks with Rohm & Haas about closing its $15.4 billion buyout of the specialty chemicals maker.
Ten days after cutting its Sioux Falls work force in half, Hutchinson Technology said Friday it's closing the plant and laying off the remaining 300 employees.