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.
Paper maker said Friday that it would indefinitely shut down a pulp mill operation in Bastrop, La., affecting about 550 employees.
Company received certification of its very light jet, which will allow the Albuquerque aircraft manufacturer to sell its Eclipse 500 in 37 European countries.
Boeing's rival benefited from the recently ended machinists strike, as it gave stretched suppliers more time to focus on orders from the European jet maker, Airbus said.
Rival Forest River will acquire most of the assets of Coachmen's RV business, including the brands, product lines, central manufacturing operations and a dealership in Indiana.
Union officials said GM will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent.
Former researcher for Lubrizol has been sentenced in Cleveland to 19 months in prison for selling the chemical company's trade secrets to a competitor in South Korea.
Chicago-based plane maker says it will likely lay off more workers next year as it cuts costs in a slowing economy.
Detroit's embattled automakers have two weeks to show a skeptical Congress how a multibillion-dollar lifeline will help them keep the industry from imploding.
Drug developer said Friday it completed a tender offer worth about $6 billion for ImClone Systems Inc., marking Lilly's biggest buyout in the biotechnology industry.
Engineers admitted they stole computer chip designs from their Silicon Valley employers and tried to smuggle secrets to China to launch a government-backed startup there.
University of Michigan economists say the state economy will remain 'stuck in reverse' through 2010, as it struggles with the hard-hit domestic automakers.
Bailout of the auto industry is likely, according to an analyst, but the extra time U.S. House and Senate leaders are taking could lead to liquidity issues in the near-term.
With no end in sight to economic bad news, President Bush ensured that millions of laid-off workers will keep getting unemployment checks as the year-end holidays approach.