Automaker softens opposition to bankruptcy reorganization after government guaranteed GM warranties and indicated it would lend money to GM while it reorganized.
Cobb County is awaiting a Pentagon announcement about the fate of the F-22 Raptor fighter jet, which is assembled by 2,000 workers at Lockheed Martin Corp. in Marietta.
Auto industry analysts suggest automaker's Spring Hill, Tenn., plant could become vulnerable as the Obama administration makes steeper demands in return for federal financial support.
Joint venture that includes Force Protection Inc. has won a $122.6 million contract for heavy tactical support vehicles for Britain's Defense Ministry.
Japanese Prime Minister Taro Aso ordered more than $99 billion in fresh spending to rescue the world's second-biggest economy from its deepest recession since World War II.
March's unemployment rate matched expectations, though job loss of 663,000 was slightly higher than the 654,000 that economists expected.
Company agreed to pay $325 million to resolve allegations it provided and billed the National Reconnaissance Office for defective military satellite parts.
Automaker has prepared a new proposal for bondholders to satisfy government's demand for deeper givebacks, and is working on a new concession package for the United Auto Workers.
China Federation of Logistics and Purchasing said its purchasing managers index rose to 52.4 in March following a painful months-long decline that wiped out millions of jobs.
Import prices fell by 6.4 percent, the steepest decline in more than a decade, due mostly to a 26 percent drop in energy costs, the Federal Statistical Office said.
Officials from Delphi, GM and President Obama's auto task force will meet Monday for talks that could lead to the struggling auto supplier exiting bankruptcy protection.
Authorities investigating nationwide pistachio recall are looking at a California nut processor's sister company in New York where officials found cockroaches and rodent droppings.
Administration's scenario could see GM split in two, with a workable component emerging within 30 days and remaining half left in bankruptcy court to be liquidated.
Commerce Department said orders for manufactured products rose by 1.8 percent in February, much better than the 1.1 percent decline that economists had expected.
Labor Department said Thursday that initial claims for unemployment insurance rose to a seasonally adjusted 669,000 from the previous week's revised figure of 657,000.
Internal investigation found the Occupational Health and Safety Administration didn't follow its own procedures in 97 percent of cases sampled in a performance audit.
Newly appointed White House director of recovery for auto communities and workers said he ‘gets it’ when it comes to understanding Michigan's economic plight.
If Kraft had not chosen to prioritize testing, 2 million pounds of pistachios that touched off government warnings and a scare this week probably would still be on the market.
U.S. government has anointed the Italian automaker Fiat in the role of savior for Chrysler LLC, making some $6 billion in additional aid conditional on a trans-Atlantic tie-up.
Unemployment rates moved higher in the nation's metropolitan areas, with areas in Indiana and North Carolina registering the biggest increases.
Michigan governor wants the man leading the White House effort to lend assistance to cities that depend on the auto industry to understand how badly the state is hurting.
Federal grand jury has indicted a former sales executive at Hitachi Displays Ltd. on charges of conspiring to fix prices for LCD displays sold to computer maker Dell Inc.
Trip comes ahead of a meeting of a high-level U.S.-Chinese economic forum held twice a year on economic and trade issues, a Chinese newspaper said.
Unemployment in the 16 nations that share the euro rose to 8.5 percent in February, and jobless rate across the entire European Union is now 7.9 percent, EU statistics office said.