Number of initial jobless benefit claims dropped to a seasonally-adjusted 623,000, from an upwardly revised figure of 631,000 the previous week.
U.S. retail sales jumped 1 percent in January, reversing a six-month declining trend and defying economists' expectations by posting the biggest increase in 14 months.
Country’s single biggest manufacturing sector produced 81,533 vehicles in January, down from 166,149 during the same month last year.
Automaker is preparing two plans for the government on how it will become viable and repay its federal loans: one as a stand-alone company and the other joined with Italy-based Fiat.
Dairy at the center of a tainted milk scandal that sickened hundreds of thousands of children and was blamed for killing six was declared bankrupt, state media reported.
Automaker’s Canadian unit cut dealers' profits on new vehicles and downloaded to its dealers the cost of fueling up a new vehicle in order to help receive government aid.
Salmonella outbreak is starting to change the way the government oversees the safety of peanut butter and other foods, health officials tell Congress.
General Motors would receive a tax break in the stimulus bill after the automaker argued its government-led restructuring would unintentionally lead to at least $7 billion in tax liabilities.
General Motor's local arm, GM Daewoo, requested funding to help with the development of new vehicle models, but was turned down by the South Korean government.
Electric-car maker said Wednesday it was told by the U.S. Department of Energy that its application for $350 million in government loans should be disbursed in the next four to five months.
Owner of a peanut company refused to testify amid the disclosure that he urged his workers to ship tainted products and to 'turn the raw peanuts on the floor into money.'
President said the heavy-equipment maker has informed him it will rehire some of the thousands of workers it laid off recently if Congress passes an economic stimulus bill.
Commerce Department said the deficit in December fell 4 percent to $39.9 billion, from $41.6 billion in November, slightly higher than the $36 billion deficit expected.
E-mails showed Peanut Corp. of America owner urged workers to ship tainted products after receiving test results identifying salmonella, because he was worried about lost sales.
European Union's top two officials warned member countries not to shield their economies with protectionist measures, which would only worsen the financial crisis.
China's exports fell 17.5 percent in January amid collapsing global demand and imports plunged 43 percent, adding pressure on Beijing to boost the slumping economy.
President of Peanut Corp. of America subpoenaed for a hearing as the investigation starts to zero in on who is responsible for the nationwide salmonella outbreak.
Germany’s Federal Statistical Office said its consumer price index rose only 0.9 percent in January compared to last year, and that the index has steadily fallen since August 2008.
President Barack Obama's economic recovery plan has passed the Senate and is on its way to difficult House-Senate negotiations.
Even in its weakened shape, GM has 'prioritized all the resources we need to meet fuel economy' standards set to rise during the next decade, CEO Rick Wagoner said.
Health officials in Texas say lab tests show there may have been salmonella at a shuttered Texas plant operated by the peanut company linked to a national outbreak.
Inspections performed by states can be plagued by stagnant budgets and overburdened officials that are trained less than federal counterparts and perform skimpier reviews.
Peanut Corp. of America said it was voluntarily suspending operations at its Texas plant while health officials complete an investigation into procedures and food safety records there.
Commerce Department says wholesale inventories fell 1.4 percent, nearly double analysts' expectations of 0.8 percent and the largest amount in 16 years.