Number of new claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy.
Lawsuit claims the Swiss pharmaceutical company is offering too little in its takeover bid for Genentech Inc.
Second-largest memory chip manufacturer will close its only U.S. factory amid changes in production standards and steep price declines buffeting the industry.
After reporting a 37 percent increase in first-half profit, French carmaker said it plans to cut jobs and scale back production to adjust for slowing economic growth.
General Electric's healthcare unit signed a deal to acquire medical products maker Vital Signs Inc. in a deal worth about $860 million.
Marathon meeting of the world's top commercial powers ended early in the morning in Geneva with negotiators citing some progress in talks on a new global trade pact.
Leading lawmakers accused the White House of acting in secret to make it harder to limit worker exposure to carcinogens and other dangerous chemicals in the workplace.
Auditors at a Pentagon oversight agency forced changes to unfavorable reports on contracts with some of the nation's largest defense companies.
About 2 million Americans get a raise as the federal minimum wage rises to $6.55, but some small businesses will be forced to pass the extra costs on to consumers.
Asian countries this week have been reporting the highest inflation in decades but slowing oil and food costs may help ease price increases by the end of the year.
Toronto Star reports the Canadian Auto Workers union is close to reaching a resolution in a bitter dispute over the pending shutdown of GM’s truck plant in Ontario.
Aircraft and automotive parts manufacturer will cut 41 jobs in Canada and 150 in France as part of a restructuring amid lower demand for its products.
Jet engine maker seeking unspecified number of workers to accept voluntary retirement packages as it cuts its work force to adapt to troubles in the airline industry.
Yorozu Automotive has laid off 36 employees at its Mississippi plant, citing a lower demand for trucks and SUVs.
Seven Western states are joining four Canadian provinces to propose a plan to limit greenhouse gas emissions through use of a 'cap and trade' system.
After selling more than 4.8 million vehicles, surpassing General Motors' 4.5 million, Toyota could end GM's 77-year run as the world's top automaker.
Automaker plans to cut 1,000 salaried positions worldwide by Sept. 30 and says the layoffs are needed because of the prolonged slump in the U.S. auto industry.
State's labor commissioner says workers at the Jin Shun Inc. factory in Queens were shortchanged by $3 million since 2005; most were Chinese immigrants.
Retired Gen. Paul Kern will replace James Armour as president effective Aug. 1.
Continental said its boards dismissed Schaeffler's current offer, made earlier this month -- but agreed that a deal of some kind with Schaeffler is 'desirable.'