Bankruptcy judge said he may let Delphi pursue wider fraud claims against Appaloosa Management, which led a failed effort to invest $2.55 billion in the auto supplier.
Two automakers welcomed 0.5 percent cut in target fed funds rate, but GM and Ford said lack of available credit and shattered consumer confidence are still weighing on auto sales.
U.S. Army has given defense contractor Alliant Techsystems Inc. an additional $94 million for modernization projects at a Virginia ammunition plant.
Chance Rides Manufacturing recalled about 85 Yo-Yo rides to repair defects involved in two accidents and will provide kits to help inspect and repair defective rides.
Despite the state's fiscal crisis, Gov. David Paterson said the $1.2 billion subsidy for the AMD spinoff Foundry Co. is a sound investment that will employ nearly 1,500 people.
Beijing introduced standards for levels of the industrial chemical melamine permitted in milk and food products as it seeks to rein in a festering safety scare.
Federal Reserve announced Tuesday a radical plan to buy massive amounts of short-term debts in a dramatic effort to break through a credit clog imperiling the economy.
Financial industry upheaval sent the stock market plummeting, with retirement plans losing as much as $2 trillion in the past 15 months, forcing some to consider delaying retirement.
Lawyers advising the families of children sickened in China's tainted milk scandal said Tuesday they are facing growing official pressure to withdraw from the cases.
Wall Street extended its declines Tuesday as the Fed's efforts to inject frozen credit markets with a dose of confidence gave way to concerns about financial companies' balance sheets.
Subsidiary of BAE Systems will pay $30 million to resolve allegations that it knowingly made and then sold defective bulletproof vests to law enforcement personnel.
Federal Reserve Chairman warned that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.
Stock market fluctuated sharply Tuesday, with investors getting some encouragement that the Fed Reserve's plan to buy corporate debt will help unclog the credit markets.
Company's North American unit delivered its first final assembly line aircraft for the U.S. Army's UH-72A as it works to establish full production of the helicopter in the U.S.
Japan's employment stabilization law for senior workers requires companies to adopt measures to keep such employees on the payroll until they become 65 years old.
Beijing pledges to inspect every link from the farm to the dinner table to try to restore public trust in Chinese-made food products.
Investors around the world have come to the realization that Washington’s $700 billion rescue plan won't work quickly to unfreeze the credit markets.
President's top economic advisers pledge to work with their counterparts around the world to restore confidence to financial markets.
First hearing into what caused the nation's financial markets to collapse opened with finger-pointing and glimpses into internal documents from Lehman's chaotic last hours.
Swedish prosecutors said the man allegedly obtained confidential documents belonging to Saab's radar systems unit, Saab Microwave Systems.
Head of China's quality watchdog is stepping up checks on its exports as the government tries to restore public trust in Chinese-made food products.
Final vote of 263-171 capped two weeks of tumult for Congress and Wall Street, with warnings the U.S. faced the gravest economic crisis since the Great Depression.
Computer and electronics manufacturers did not grow their work forces at all in September, according to data released Friday by the Labor Department.
Large manufacturers starting to see their customers pull back 'just in the past few weeks,' due to difficulties with credit, said MAPI chief economist.