European Commission said economic recession will cause Europeans to cut back on costly beef, lamb and cheese over the next two to three years.
ZEW survey, a key indicator of investor sentiment, suggested Tuesday that Germany's economy may have reached a low point and is poised to start a recovery this summer.
Former financial analyst for W.R. Grace & Co. has testified that top corporate officials knew products contained asbestos and were concerned about whether it would lead to lawsuits.
Karl-Theodor zu Guttenberg said GM executives expressed a willingness to make concessions to keep its beleaguered subsidiary Opel from crashing.
Chief Executive Bob Nardelli said he's encouraged by the focus of President Obama's auto task force on job preservation, but added that all options for Chrysler are still being considered.
Labor Department reported that wholesale prices edged up a slight 0.1 percent in February as a big drop in food costs offset a second monthly increase in energy prices.
Wall Street financier Steven Rattner said bankruptcy is not the goal of the efforts to restructure GM and Chrysler but stressed the government cannot solve all the industry's woes.
Labor Secretary Hilda Solis says the recession is especially hard on women, who earn less money than men for the same work.
Chinese official in Washington said that countries importing goods from China should be responsible for cutting the greenhouse gases generated by their production.
Group of about 1,000 protesters rallied in the city of Reims in northeastern France to try to avert the shutdown of a Continental tire factory in nearby Clairoix.
Federal court has dismissed a request by Broadcom to declare some of rival Qualcomm's patents on wireless chips ‘exhausted and unenforceable.’
Abu Dhabi's IPIC will sell off a chemical unit to win EU approval for its purchase of German industrial services company MAN Ferrostaal AG, said European Union regulators.
Federal Reserve reported Monday that industrial output dropped by 1.4 percent last month, slightly worse than the 1.2 percent decline that economists had expected.
America's recession ‘probably’ will end this year if the government succeeds in bolstering the banking system, Federal Reserve Chairman Ben Bernanke said Sunday.
Beijing intends to spend $730 million on rural vehicle sales subsidies and another $2.93 billion on rebates to farmers for purchases of electrical appliances.
Country's gross domestic product will likely shrink 4.9 percent this year and analysts now expect a severe recession as the global slowdown hurts demand for the city-state’s exports.
Commerce Ministry said Monday that foreign companies invested $5.8 billion in China in February, down 15.8 percent from the same month last year.
Outspoken comments came a day after oil ministers of OPEC’s 12-nation crude producers' club decided to maintain current production levels.
South Korean official said Monday the two sides are on the verge of concluding a free trade agreement and will try to wrap up the negotiations during two days of talks next week.
Beijing is encouraging Chinese companies to invest more abroad and says it is looking for imports of technology to help make its economy cleaner and more efficient.
Beijing is Washington's biggest foreign creditor, with an estimated $1 trillion in U.S. government debt, and a weaker dollar would erode the value of those assets.
Congressional delegation from Kansas is wooing Obama administration on behalf of Boeing’s Wichita plant for a new Air Force refueling tanker contract.
Commerce Department said Friday the trade imbalance dropped to $36 billion in January, down 9.7 percent from December and the lowest level since October 2002.
Canada lost a higher than expected 83,000 jobs in February as the unemployment rate surged to 7.7 percent, the highest level in more than five years.