U.S. automaker Chrysler on Monday slammed Indiana State Treasurer Richard Mourdock as making demands that would ultimately push the carmaker into liquidation -- resulting in the loss of more than 4,000 jobs and 9,000 retiree pensions in Indiana alone.
Nigerian militants launched their first major strike against the oil industry since the start of a 10-day old military offensive late on Sunday, bombing a Chevron pipeline and shutting 100,000 barrels per day of output.
Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
Asia's largest oil and gas producer PetroChina is buying Keppel Corp's 45.5 percent stake in Singapore Petroleum Company (SPC) for S$1.47 billion ($1.02 billion) and plans to make a general offer to buy the rest of the firm.
Swiss drugmaker Roche Holding AG said on Monday new two-year data showed the effectiveness of its Actemra drug in inhibiting structural damage to the joints of patient with rheumatoid arthritis.
Dutch state-controlled bank ABN AMRO NV posted a 886 million euro ($1.24 billion) after tax loss in the first quarter, with most of the total incurred by units in the process of being transferred to Royal Bank of Scotland.
First Philippine Holdings Corp, the holding firm of the Lopez business clan, is open to selling its remaining 13.4 percent stake in Manila Electric Co if needed, its chairman said on Monday.
Canada's Orvana Minerals Corp said it has formally commenced its all-cash C$29.3 million ($26 million) takeover offer for Kinbauri Gold Corp.
Canadian oil and gas company Sabretooth Energy Ltd said a group of individuals under the name Cequence Team will invest C$9.44 million ($8.38 million) in the company as part of its recapitalization plan.
New vehicle emission standards will likely be a boon for everything from aluminum to new plastics, but the producers of lithium -- a mineral used in batteries that power new generation vehicles -- could be the big winners.
Germany will decide on a preferred bidder for General Motors unit Opel by the middle of the week, after holding a final round of talks with suitors Fiat, Magna and RHJ.
The German government will likely settle on a preferred bidder for Opel, the German unit of General Motors, by the middle of the week, Chancellor Angela Merkel's spokesman said on Monday.
General Motors' Opel unit could go bankrupt but this would be the worst possible scenario, the premiers of North-Rhine-Westphalia and Opel's home state of Hesse said on Monday.
Biogen Idec Inc on Sunday said two proxy advisory firms recommend shareholders of the biotechnology company vote against billionaire Carl Icahn's slate of candidates for its board.
Magna International and Fiat have improved their offers for General Motors unit Opel ahead of a crucial week in which the German government is expected to decide which bid to back.
Ecuador's President Rafael Correa said on Saturday that key sectors of the economy, including oil and mines, must be in government hands.
German Economy Minister Karl-Theodor zu Guttenberg said Fiat had improved its bid for General Motors' Opel unit and said other bidders may be willing to sweeten their offers as well.
Magna is seeking further multi-billion euro German government support if it takes over General Motors' Opel unit, German magazine Der Spiegel reported on Saturday.
One sign of the tough economic times is that the very thought of taking a vacation has become stressful, according to a recent survey.
U.S. retailers, which have banked heavily on cost cuts to guard margins in the recession, may be running out of ways to trim expenses further -- putting future profits in jeopardy, unless consumers open their wallets soon.
A federal judge ended a temporary receivership of MGA Entertainment Inc in a copyright infringement lawsuit over its Bratz doll business but broadened the list of products and know-how MGA must turn over to Mattel Inc , which won the franchise in a 2008 trial.
General Motors Corp on Friday borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from Canadian auto workers as a showdown with bondholders set the stage for a bankruptcy filing by the end of the month.
General Motors Corp won a cost-cutting deal from its Canadian labor union on Friday, part of a package of concessions the automaker is expected to take into a federal bankruptcy court by the end of this month in a showdown with its bondholders.
The U.S. government will set aside about $1 billion in existing funds for developing a vaccine for the H1N1 flu, a virus from swine origin, according to Health and Human Services Secretary Kathleen Sebelius.
California Attorney General Jerry Brown filed criminal charges on Thursday against three men for allegedly swindling more than 1,000 individuals in a $200 million real estate and construction Ponzi scheme, his office said today.
Cigarette companies systematically lied for decades to hide the dangers of smoking, a U.S. appeals court said on Friday as it upheld a trial judge's racketeering verdict.
The retail price of gasoline rose on Friday ahead of the Memorial Day holiday weekend.
Iris Martin is not a banker, real estate lawyer or mortgage broker. She is a former psychotherapist specializing in transformative psychology.
Gulfstream International Airlines faces penalty on violation of overworking its crew, unapproved air conditioner installation and improperly maintained vent blowers on the fleet of 27 BE-1900-D aircraft.
Middle East’s fastest growing Airlines Emirates on Thursday said its year-on-year net profit ended March 31,3009 fell 72 percent hit by slump demand on rising oil prices and low demand in travel industry in the current economic downturn.
