Steelmakers like ArcelorMittal and ThyssenKrupp say they are facing a difficult market climate as demand dries up and rival steel imports from China rise.
Volkswagen's biggest shareholder said on Sunday that it had lifted its stake to 42.6 percent and plans to increase it to 75 percent by 2009.
Ifo institute said its monthly business climate index fell to 90.2 points in October, putting the closely watched indicator at its lowest level since April 2003.
With its temporary financing ending on Tuesday and credit markets tight all around, the chicken industry’s biggest producer faces an uncertain future.
Automaker said Friday it will cut 25 percent of its salaried work force starting next month, and warned that it will make more restructuring announcements in the near future.
Automaker says it will extend the temporary shutdown of its Wilmington, Del., assembly plant for three more weeks because of slow demand for the vehicles it makes.
As part of the new Smart Choices program to improve public health, thousands of products will feature new labels with nutritional information on the front of packages.
General Motors was the biggest percent loser on the Dow Jones industrials index as the broader market headed lower and talks continued between it and crosstown rival Chrysler.
Wall Street joined world stock markets in a precipitous plunge Friday, as fears the world will suffer a punishing economic recession has investors furiously dumping stocks.
One of Japan's largest instant noodle makers said it was issuing a nationwide recall after a woman grew sick when she ate a cup of noodles later found to be tainted with insecticide.
U.S. Navy says it will inspect all 636 Hornet fighter jets from Boeing after discovering "fatigue cracks" on more than a dozen aircraft deployed overseas.
Carmakers in Europe are taking a beating from the financial crisis, announcing an alarming series of profit warnings and production stoppages this week.
Chairman and chief executive Jack Pelton warned employees that the difficult economy could create pressure on the aircraft company.
Company said Tom Flocco, president and chief executive of its Beam Global Spirits & Wine business, has resigned to pursue other interests.
As the yen surged to a 13-year high Friday against the dollar, Japanese manufacturers are concerned about shrinking consumer demand for flat-panel TVs, automobiles and digital cameras.
Company will spend $175 million on a steel rebar manufacturing plant in Amory, Miss., that is expected to bring 200 jobs to the area.
OPEC said it will slash output by 1.5 million barrels a day to stop tumbling crude prices, but the cost for a barrel of crude plummeted to prices last seen in June of 2007.
As the shaky U.S. economy speeds the industry’s out-of-control slide, more job cuts are likely if U.S. auto sales volume continues to decline into 2009.
Chief Executive said the company is reacting to the 'collapse' of the European auto market by cutting production to prevent a buildup of inventories.
Financial crisis could jeopardize the ability of Russia's top spacecraft-making company to build spaceships for the international space station, the company said.