General Motors in its contract negotiations with the United Auto Workers union has proposed one option that excludes establishing a union-run healthcare trust but calls for deeper cuts in several areas, the Wall Street Journal reported in its online edition.
Weyerhaeuser, one of the world's largest paper and lumber companies, said Monday that it would probably have to close plants and restrict operations because of weak market conditions.
U.S. health regulators charged Boston Scientific with inadequate record-keeping and reporting following the deaths of five patients implanted with an experimental device to treat a dangerous ballooning of the body's main artery.
General Mills Thursday forecast better-than-expected first-quarter earnings and sales, helped by a 5 percent gain in its "Big G" cereals, which include Cheerios, Wheaties and Lucky Charms.
Medical device maker Medtronic, feeling the pinch of a slowdown in one of its key markets, will eliminate about 900 jobs through early retirement packages, voluntary and involuntary separations, the company said in a filing.
Ace Hardware discovered an approximately $154 million shortfall on its books while preparing to convert from retailer-owned cooperative to for-profit corporation and likely will have to restate its financial results for the last five years, President and CEO Ray Griffith said Wednesday.
Institutional investors still expect stocks to rise by between 5 percent and 10 percent by year end even as fears of a recession grow more prominent, according to a Citigroup client survey.
Thornburg Mortgage, hurt recently by a credit squeeze, said on Thursday it raised $500 million in an offering of convertible preferred stock.
The state of Ohio has filed an anti-trust lawsuit accusing Marsh & McLennan, AIG and three other insurers and their subsidiaries of price fixing and other anti-competitive behavior, Attorney General Marc Dann said on Monday.
Shares of video game retailer GameStop Corp. rose in premarket electronic trading Friday after analysts predicted the company will surpass its new full-year profit forecast.
BHP Billiton, the world's biggest mining company, said it would seek to grow aggressively in India where volume growth is outstripping China, its other boom market.
Social networking Website Facebook is working on an advertising system to allow marketers to target users with ads based on the information people reveal about themselves on the site, the Wall Street Journal reported in its online edition early on Thursday.
Former AOL executive Stephen M. Swad has become the new chief financial officer at mortgage finance giant Fannie Mae, the company said Wednesday. Swad's succession as finance chief, replacing Robert Blakely, had been planned for some time. Blakely stepped down as its chief financial officer last Friday but remains an executive vice president.
First Magnus Financial, one of the largest independent U.S. mortgage lenders, filed for Chapter 11 bankruptcy protection on Tuesday, the latest home loan provider to collapse as the housing market slumps and credit crisis widens.
Bill Gates, billionaire chairman and co-founder of Microsoft, disclosed Tuesday that his foundation holds stakes in McDonald's, wireless tower operator Crown Castle International and Progressive, the third-largest U.S. auto insurer.