Steelmaker and distributor Esmark has agreed to pay India's Essar Steel Holdings a $20.5 million fee if Essar's proposed $670 million buyout offer fails.
South Korean chipmaker said Wednesday it expects to sell more dynamic random access memory chips in Japan after a World Trade Organization ruling.
RF Micro Devices is cutting jobs in Greensboro for the second time in a month after previously announcing it was eliminating 80 jobs as it consolidated testing operations in China.
Labor Department reports worker productivity rose by a better-than-expected 2.2 percent in the first three months of the year while labor cost pressures eased.
European plane maker has ended talks with Latecoere over the sale of two French plants due to time constraints and 'the current difficult financial environment.'
United Auto Workers’ 2-month-old strike against American Axle has forced autoworkers to frequent food pantries and suppliers to cut their business.
Automaker said Wednesday that its April global sales rose 12.5 percent, led by demand in Asia and western Europe, for its namesake sedans and SUVs.
World's second-biggest automaker is raising prices on the Yaris sedan and Camry later this month amid increased worries about profit growth in the American market.
Both nations agreed to undertake a joint research project this year in an attempt to improve the trade and investment environment between the two countries.
Chief Executive Anne Mulcahy said Xerox is well-positioned to weather the economic slowdown, with more than half its revenue overseas and with diversified businesses.
Manufacturing output in the United Kingdom fell half a percent, dragging the quarterly gain down to 0.3 percent compared with the last three months of 2007.
Surging prices for copper, zinc and nickel have some in Congress trying to bring back the steel-made pennies of World War II, and maybe using steel for the 5-cent nickels, as well.
Survey shows manufacturers are expecting revenues to edge up 1 percent, with cost cutting measures necessary to offset the lower revenue growth and high input prices.
Company’s 2008 surcharges are based on reported prices for raw materials and energy used to manufacture the products.
Ford, General Motors and Toyota have no plans to match Chrysler's offer to subsidize the cost of gasoline for car and truck buyers, the companies said.
Medical device maker is planning to trim its global work force by about 3 percent, cutting 1,100 jobs, during the current fiscal year.
New negotiating text for agricultural and industrial goods expected to be presented next week could pave the way for a new round of high-level talks to find a final compromise.
New company, which will be named Arvin Innovation Inc., will be based in Detroit and will employ about 9,000 people at 42 facilities in 16 countries.
Heavy truck maker said Monday that its Navistar Defense LLC received a three-year U.S. Army contract worth nearly $1.3 billion.
Local union president said GM wants to disregard seniority when placing employees in jobs at the plant and added that workers would not return without a seniority agreement.
Canadian Auto Workers president said the union won't reach a labor agreement with GM unless the automaker commits to adding new products at its Ontario plants.
Newest round of eliminations comes a week after federal regulators' surprise rejection of an experimental cholesterol drug heavily touted by the pharmaceutical company.
World Trade Organization has given Japan until Sept. 1 to amend its punitive charges on imports of South Korean computer chips.
Light, sweet crude for June delivery rose to a new trading record of $120.21 a barrel on Monday as supply threats emerged overseas and the dollar weakened against the euro.
Finance Minister Bayan Jabr signed two deals worth $5 billion to buy 40 Boeing aircraft and 10 planes from Canada's Bombardier to upgrade Iraqi Airways' aging fleet.