Japanese automaker said Wednesday it was recalling more than 200,000 vehicles to fix a sensor system that could affect the car's passenger side air bag.
Commerce Department reported inventories held by businesses on shelves and backlots rose by 0.3 percent in August, the weakest gain in five months.
Military contractor said Wednesday it received a $165 million Navy contract to provide lightweight and heavyweight torpedo hardware and support services.
Retail sales fell off a cliff in September plunging 1.2 percent as worried consumers shunned the malls and auto showrooms in the midst of the country's financial meltdown.
Producer price index, which measures inflation pressures before they reach the consumer, fell 0.4 percent in September after a 0.9 percent drop in August, better than analysts expected.
After a baby in Hong Kong fell sick from consuming milk and cookies laced with melamine, China sought to reassure Taiwanese consumers that its dairy products were safe.
Britain's unemployment rate rose sharply to 5.7 percent in the last quarter, the government reported, as the economic slowdown walloped the job market.
Government officials will examine whether to lift punitive tariff on computer chips made by Hynix Semiconductor in response to a request from the South Korean company.
German automaker promises vehicle fuel efficiency and emissions innovations in its products, including a new sedan being designed for American consumers to be built in Chattanooga.
All of China's milk powder and liquid milk produced before Sept. 14 was ordered pulled off the shelves to be tested by manufacturers, the Xinhua News Agency said.
Businesses and trade unions called Tuesday for the European Central Bank to consider lowering borrowing costs again as Europe's economy looks set for a sharp slowdown next year.
Officials will look into concerns that a prominent toxicologist asked to render an independent verdict on the safety of bisphenol A may have a financial conflict-of-interest.
Exports that have powered China's growth in recent years are taking a hit from lower demand from overseas and tightening credit from state-owned banks.
With the Treasury pouring billions of dollars into rescue plans, there is suspicion that Washington's appetite for expensive defense programs will diminish.
Japanese public health office said it found a high concentration of pesticides in frozen green beans imported from China, and one woman who ate them became ill.
President announced a $250 billion plan to directly buy shares in nation's leading banks, saying the move was 'not intended to take over the free market but to preserve it.'
Federal judge will hear arguments on final proposal of a settlement for thousands of pet owners whose dogs and cats died last year after eating contaminated pet food traced to China.
Beijing's September trade surplus with the U.S. remained unchanged from August, showing the resiliency of exports despite fears of a downturn in key markets.
Paul Volcker, former Fed Reserve chairman, said the U.S. and Europe face a 'considerable recession' as global financial crisis affects consumer demand and industrial production.
Attorneys general from three states on Monday asked 11 companies that make baby bottles and baby formula containers to no longer use the toxic chemical bisphenol A.
Washington said it is moving quickly to implement a rescue program, including consulting with private law firms on how to thaw frozen lending.
Investors are cautiously optimistic after the Bush administration and European governments pledged coordinated actions to help the crippled financial system.
Advanced Micro Devices said the Justice Dept. closed an investigation into the pricing and marketing practices of graphics chip maker ATI Technologies, which AMD owns.
Beijing's trade surplus in September hit a new monthly high of $29.3 billion, although the surplus for the first nine months of the year actually shrank by 2.6 percent.