Major work stoppages idled 72,000 workers for nearly 2 million workdays, Labor Department said, compared to 189,000 workers idled for 1.3 million workdays in 2007.
Air Force awarded Pratt & Whitney a $285 million contract to maintain the engines of the new F-22 Raptor fighter jet, the United Technologies Corp. unit said Wednesday.
Biotech drug maker said Executive Chairman Daryl Faulkner will serve as the company's interim chief executive, following the resignation of Richard Donnelly.
Privately held maker of flexible plastic packaging and film said Wednesday it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court of Delaware.
Owner of a peanut company refused to testify amid the disclosure that he urged his workers to ship tainted products and to 'turn the raw peanuts on the floor into money.'
Caterpillar offering voluntary early retirement packages to about 2,000 production workers as it expects lower demand for heavy equipment amid the global slowdown.
President said the heavy-equipment maker has informed him it will rehire some of the thousands of workers it laid off recently if Congress passes an economic stimulus bill.
Commerce Department said the deficit in December fell 4 percent to $39.9 billion, from $41.6 billion in November, slightly higher than the $36 billion deficit expected.
German business of Ford Motor Co. saw a sharp 14.2 percent increase in January sales as a result of the German government's ‘Environmental Bonus’ program, the company said.
Automaker displayed the 2010 Tundra pickup at the Chicago Auto Show on Wednesday, which has an optional smaller, more fuel-efficient V-8 engine and other features.
E-mails showed Peanut Corp. of America owner urged workers to ship tainted products after receiving test results identifying salmonella, because he was worried about lost sales.
Head of Hyundai Motor America is calling on the auto industry to embrace fuel economy, limit executive salaries and end overindulgence to change its poor public image.
Aluminum maker says it's expecting up to $30 million in charges for shutting down its Ravenswood, W.Va., smelter.
Beijing’s quality watchdog said Wednesday it is investigating the safety of an unapproved protein additive in a premium line of milk produced by one of the country's biggest dairies.
Chemical maker and Sasol Ltd. plan to expand the joint venture's maleic anhydride production site in Moers, Germany.
European Union's top two officials warned member countries not to shield their economies with protectionist measures, which would only worsen the financial crisis.
Trucking company laid off 1,100 employees in the fourth quarter of 2008 and another 350 in January as freight demand declined, CFO Judy R. McReynolds said.
Investor skepticism about the new U.S. bank rescue plan kept oil prices close to $38 a barrel, despite evidence OPEC nations are going ahead with production cuts.
Head of the Bank of England said Britain was in a 'deep recession' that would require further easing of monetary policy, including the possible expansion of the money supply.
China's exports fell 17.5 percent in January amid collapsing global demand and imports plunged 43 percent, adding pressure on Beijing to boost the slumping economy.