Shares of General Motors tumbled to $1.09, their lowest level since 1933, as investors feared significant dilution of their stock values or bankruptcy ahead of a government deadline.
Government's economy minister met with worker representatives from GM’s Opel unit, with both sides urging potential buyers to produce solid plans quickly.
Air Force awarded Raytheon a contract for 105 medium range air-to-air missiles that are carried by fighter planes and other equipment such as training missiles.
Mexico has raised tariffs on almost 90 American products, a retaliation for a U.S. decision to cancel access to Mexican truckers on U.S. highways.
Europe's severe economic downturn likely to last until the second half of 2010 or longer if governments across the region don't do more to shore up financial institutions.
Veteran actor and social activist joined labor, political and civil rights leaders on one of the first stops of a four-day, 11-state tour supporting U.S. manufacturing workers.
Assistant Attorney General Christine Varney says the Justice Department is going to more aggressively investigate big companies that improperly dominate markets.
Media report said Dell has made two rounds of layoffs at its Forsyth County, N.C. operations in the past two months, but hasn't said how many jobs were cut.
Economy performing worse than hoped, with government borrowing almost 50 cents for every dollar it spends this year.
Long-running trade clash over hormone-treated beef is almost resolved and could pave the way for an end to other disputes between the world's two biggest economic powers.
President has yet to ask Congress for trade promotion authority, which was designed to speed the reduction of trade barriers and open new markets with other countries.
Automaker has until June 1 to complete a restructuring plan that involves swapping $27 billion in debt for its risky stock, which may prove too difficult for GM.
Company and three former executives were acquitted of federal charges they knowingly allowed residents in Montana to be exposed to asbestos from its vermiculite mine.
Trade group urged lawmakers to provide financial assistance to parts suppliers, saying they could be forced out of business by General Motors and Chrysler factory shutdowns.
European Union and China called for global trade talks to finally strike a deal that could reverse falling demand and help pull their economies out of recession.
White House official appointed to help communities hit by the ailing auto industry toured a plant in Flint where General Motors will build engines for the new Chevrolet Volt.
Pace of layoffs slowed in April when employers cut 539,000 jobs -- fewest in 6 months -- but unemployment rate climbed to 8.9 percent, highest since 1983.
Commerce Department says wholesale inventories dropped 1.6 percent in March, much larger than the 1 percent fall that analysts had expected.
Fiat CEO Sergio Marchionne is meeting with the governors of two key German states as part of his bid to take over General Motors' Opel subsidiary.
President outlining steps Friday to help the jobless pursue education and training, and keep their unemployment benefits, too.
Trade minister said Canada may take action against Russia if it keeps import restrictions on Canadian pork, adding he would prefer to resolve the problem through discussions.
Germany's exports in March were down nearly 16 percent to $94.2 billion compared with year-ago levels as the recession bit into demand.
Governor advises state lawmakers to pass an economic development plan he said would help Missouri become a force in the battery production industry.
Dr. Margaret Hamburg says she wants to restore public confidence in the Food and Drug Administration by putting science first and running an open and accountable operation.
Canadian Auto Workers said federal and Ontario governments pressing union and GM to reach cost-cutting labor agreement or risk losing government assistance and liquidation.