By SARAH DiLORENZOAP Business Writer
PARIS (AP) - The chief executive of Fiat and Chrysler thinks Europe's carmakers can only survive if they reduce their enormous overcapacity together, rather than retreating behind national borders to find piecemeal solutions.
Sergio Marchionne wants the
By CANDICE CHOI and MICHELLE CHAPMANAssociated Press
NEW YORK (AP) - Campbell Soup Co. is closing two U.S. plants and cutting more than 700 jobs as it looks to trim costs amid declining consumption of its canned soups.
The world's largest soup maker said Thursday that it will close a plant
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Demand for long-lasting manufactured goods plunged in August because of a huge drop in volatile commercial aircraft orders. But in a hopeful sign, orders that reflect business investment plans rose.
The Commerce Department said Thursday
By GREG KELLERAP Business Writer
PARIS (AP) - The chief executive of PSA Peugeot Citroen, France's largest carmaker, admits his company is "in the eye of the hurricane" as Europe's car makers face an expected 6th straight year of falling sales in 2013.
And things aren't expected to
NEW YORK (AP) - U.S. stock market futures rose Thursday, helped by expectations the People's Bank of China will soon take more steps to counteract a slowdown in the world's No. 2 economy.
Investors also got word from the Labor Department that the number of Americans seeking unemployment
By LORI HINNANTAssociated Press
PARIS (AP) - European carmakers were preparing for a future of labor strife, lower sales and more financial uncertainty as they set out their latest models at the Paris Auto Show on Thursday.
France's Peugeot, Citroen and Renault see the event as a chance to
By MARIA DANILOVAAssociated Press
UREKI, Georgia (AP) - Georgia's richest man, billionaire and philanthropist Bidzina Ivanishvili seems to have it all - a head-spinning fortune, the respect of his country and gleaming, art-filled palaces across the globe, including one where zebras and pink
By DEE-ANN DURBINAP Auto Writer
DETROIT (AP) - Ford Motor Co. said Tuesday it plans to cut several hundred salaried workers in Europe as part of a larger restructuring in the money-losing region.
The company is offering voluntary buyout programs in Germany, the U.K. and the rest of Europe. It
By CHARLES BABINGTON and KASIE HUNTAssociated Press
VANDALIA, Ohio (AP) - Ohio has emerged as the presidential race's undisputed focus. Barack Obama and Mitt Romney are making multiple stops this week alone in a state that's trending toward the president, endangering Romney's White
ABUJA, Nigeria (AP) - Nigeria has announced the top bidders for five power plants, the latest step in a privatization process expected to bring stable electricity to millions in Africa's most populous nation.
Nigeria's Bureau of Public Enterprises said in a statement Tuesday that various