Japanese automaker said Wednesday it would reduce production by a further 78,000 vehicles and cut 500 temporary workers.
Pork producer said Wednesday it completed the merger of its European subsidiary and Campofrio Alimentacion SA, the largest processed meats company in Spain.
Canadian Prime Minister Stephen Harper believes a depression is possible and says he's never seen such economic uncertainty.
Drug development contractor said it will expand laboratory services into Singapore in order to meet growing demand in Southeast Asia.
Company will lay off 216 workers at its auto parts plant in New York indefinitely beginning next week, citing a downturn in demand for full-sized trucks.
Tumbling oil prices helped inflation in the 15 nations that use the euro ease to 2.1 percent in November, the EU statistics agency Eurostat confirmed Wednesday.
Japanese automaker now expects $2.1 billion in group net profit -- less than a third of the 6.8 billion yen earned last fiscal year; managers to take 10 percent pay cut.
Office for National Statistics said the number of unemployed rose 137,000 in the three months to August to a nine-year high of 1.86 million.
Prime Minister said that Malaysia’s national automaker Proton should tie-up with a strong foreign partner in a joint venture to remain competitive.
Gov. Jennifer Granholm has become an impassioned -- and occasionally sharp-tongued -- advocate for the ailing U.S. auto industry.
Saudi Arabia said Wednesday OPEC will slash a record 2 million barrels from its daily production as of Jan. 1, while Russia and other OPEC outsiders announced their own cutbacks.
Federal Reserve cut its target for a key interest rate to zero to 0.25 percent, the lowest level on record, saying it will use 'all available tools' to combat a severe financial crisis.
Executive Chairman Bill Ford Jr. says the company's December U.S. auto sales don't look too bad through the first two weeks of the month.
Maker of products including Scotch Tape and Post-it Notes, said Tuesday it completed the acquisition of Beiersdorf's Futuro line of health supports and compression hosiery.
Tenneco Inc. said Tuesday that the layoffs at its plant in the Dayton, Ohio, suburb of Kettering are the result of production cuts at General Motors, the plant's biggest customer.
Auto parts supplier Key Plastics LLC said Tuesday it has filed for Chapter 11 bankruptcy protection and submitted a pre-packaged reorganization plan.
White House played down the likelihood of a bailout for distressed U.S. automakers anytime soon and suggested that major concessions must be made as part of any deal.
Technology company rejected the German state of Saxony's offer to help rescue its memory chip unit Qimonda AG, but said it was open to further talks with the state government.
Labor Department reported Tuesday that consumer prices, an inflation barometer, fell last month by the largest amount on records going back 61 years.