Labor Department said Thursday that new applications for unemployment aid fell to a seasonally adjusted 631,000 last week, down from the prior week's 645,000.
If the government takes a majority stake in GM, some analysts say the administration may be tempted to push its own policies on issues like alternative fuel vehicles and unions.
Jobless rate in the 16 nations that use the euro surged to 8.9 percent in March, the highest level in nearly five years, the EU statistics office said Thursday.
Fed said Wednesday it sees signs the recession is easing and that the economic outlook has ‘improved modestly’ since last month.
Unemployment rates rose in all of the nation's largest metropolitan areas for the third straight month in March, with Indiana's Elkhart-Goshen area topping the list at 18.8 percent.
Commerce Department reports economy shrank at a 6.1 percent pace at the start of this year, far worse than the 5 percent decline expected.
With one day left to go before its deadline, Chrysler chief Robert Nardelli said the automaker is making progress toward meeting the government's restructuring requirements.
Government’s auto task force has rejected a deal that would allow parts supplier Delphi to sell its steering business to General Motors, but an agreement still is possible.
Automaker won EU authorization Wednesday for an Italian government $61 million subsidy to help it build cars and maintain jobs in Sicily.
Ensuring the American food supply is safe, U.S. government warned its trading partners against putting restrictions on U.S. pork imports amid the spreading swine flu epidemic.
Government forecast Wednesday that Europe's biggest economy will shrink by a huge 6 percent this year but return to modest growth in 2010.
European Commission said businesses and shoppers in both the 27-member EU and the 16 countries that use the euro were more optimistic in April for the first time since May 2007.
Jewelry items found in Southern California stores and warehouses contained dangerously high lead levels and were imported from China with labels proclaiming them lead-free.
Federal judge has denied a motion to dismiss environmental crime charges against four former executives of W.R. Grace & Co.
Fiat vice chairman said the viability of an alliance between Fiat and Chrysler won't be known until Thursday, the U.S. government's deadline for Chrysler to wrap up a deal.
Person familiar with the talks says Treasury Department has reached a tentative agreement with four of Chrysler's major debtholders as the automaker races to stave off bankruptcy.
Amid fears of swine flu, Russia widened a ban on meat imports from Mexico and some U.S. states, prompting objections from the United States.
Annual inflation rate in Germany, Europe's biggest economy, edged up to 0.7 percent in April after hitting a 10-year low the previous month.
Marion, Ind., mayor has presented the city’s General Motors plant with a performance-based incentive plan that he hopes will protect it from new cutbacks.
Statistics Canada says claims for Employment Insurance in February jumped 18.6 percent, more than any month since comparable data began to be compiled in 1997.
Labor Department official says two industries are the focus of new safety rules being proposed by the government in an effort to step up worker-safety regulations.
GM will become a leaner, government-owned company if the Obama administration goes along with the automaker's plan to slash jobs, close plants, and drop Pontiac.
Automaker will cut 21,000 U.S. factory jobs by next year, phase out Pontiac brand and ask U.S. government to take company stock in exchange for half its government debt.
President promising major investment in research and development, with the goal of spending 3 percent of the nation's gross domestic product on scientific innovation.