South Korea's exports fell in November by the most in nearly 7 years, the government said, while automakers took steps to cut production as demand slumps.
Swedish government confirmed Monday it is in talks with GM and Ford after a report that the U.S. automakers are seeking support for their struggling Swedish brands.
China's manufacturing activity contracted sharply as a downturn in the world's fourth-largest economy worsened, raising the threat of job losses.
New jobless claims fell more than expected last week from a 16-year high, the government said, though they remain at elevated levels due to the slowing economy.
Commerce Department reported that consumer spending plunged by 1 percent last month, even worse than the 0.9 percent decline that had been expected.
Orders for big-ticket manufactured goods fell 6.2 percent, the largest amount in two years as manufacturing was battered by overall economic weakness.
Government says jobless claims remain at recessionary levels, while Americans cut back on their spending by the largest amount since 2001 and factory orders plummeted.
Europe's biggest economy fell into recession and the government recently slashed its 2009 growth forecast to 0.2 percent, but many economists now expect negative growth.
European Commission wants to combat the growing slowdown with a $256.22 billion stimulus plan to boost growth and confidence among consumers and businesses.
Sholom Rubashkin, the former head of the embattled kosher slaughterhouse, is scheduled to be arraigned on federal immigration charges.
List of job cuts and commitments to fuel-efficient cars won't be enough when U.S. automakers get another shot to persuade Congress to give them $25 billion in loans.
Traces of the industrial chemical melamine have been detected in samples of top-selling U.S. infant formula, but federal regulators insist the products are safe.
Commerce Dept. reports economy shrank more than expected in the third quarter, further proof the country is almost certainly in the throes of a painful recession.
Top officials from China and the U.S. will meet for high-level economic talks next week in Beijing as both countries grapple with the worst global downturn in decades.
Bankruptcy case for a kosher meatpacking company accused of labor violations at its Iowa plant should be heard in that state, Iowa's labor commissioner said.
EMG Technology filed a lawsuit that alleges Apple infringed on a patent that involves the way the iPhone navigates the Internet.
Fresh from his Asian trade mission, Gov. Ted Kulongoski said that Oregon could be a prime market for the region's electric-only cars.
Congressional Democrats and President-elect laying groundwork for quick enactment of a two-year economic rescue package that will total about a half-trillion dollars.
President gathering with Treasury chief and other Cabinet members Monday to talk about U.S. response to global economic crisis, including a rescue of Citigroup.
Eager to calm economic anxieties, Obama is rolling out an economic vision that will require congressional cooperation even before he settles into the White House.
Britain's economy will shrink by 1.5 percent next year and unemployment could reach 2.5 million in 2010, up from the current 1.8 million, a London think tank predicted.
Dozens of deaths have been linked to medications that have never been reviewed by the government for safety and effectiveness but are still covered under Medicaid, AP said.
When Chrysler teetered on the brink of bankruptcy, it spent months building support for a $1.5 billion loan guarantee that helped save it and tens of thousands of jobs.
Business confidence in Europe's biggest economy fell to a 15-year low in November as worries about the economy mounted amid the global economic crisis.
Leading Democrats expect U.S. automakers will show Congress next month they are worth rescuing and are capable of returning to global pre-eminence.