OSHKOSH, Wis. (AP) - Oshkosh rejected a buyout offer from billionaire investor Carl Icahn Friday.
The Wisconsin truck maker said that Icahn's tender offer of $32.50 per share undervalued the company and was not in the best interest of shareholders.
Shares in Oshkosh Corp. rose 18 cents to close
DETROIT (AP) - A U.S. government safety agency has opened an investigation into complaints that the throttles can stick on some older-model Ford Taurus and Mercury Sable sedans.
The National Highway Traffic Safety Administration said in documents posted on its website Friday that 50 drivers have
By TOM KRISHER and YURI KAGEYAMAAP Business Writers
DETROIT (AP) - Toyota has widened its global sales lead over General Motors after bouncing back from a series of natural disasters.
The company said Friday it sold 7.4 million vehicles globally in the first nine months of this year - 450,000
By JIM SUHRAP Business Writer
ST. LOUIS (AP) - Arch Coal Inc. said Friday that cost-control efforts helped boost its third-quarter results well above Wall Street expectations. But it cautioned that the coal industry's challenges will linger into next year.
Net income totaled $45.8 million,
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The latest snapshot of economic growth shows the U.S. recovery remains tepid.
Growth in the July-September quarter climbed slightly but was still too weak to stir significantly more hiring. The pace of expansion rose to a 2 percent
NEW YORK (AP) - Stock futures are falling sharply before the government provides a peek at U.S. economic growth over the past three months.
There are also signs of unease in China, with evidence of a massive flow of money out of the country before a government power shift.
Dow Jones industrial
NEW YORK (AP) - Stock futures were mixed but recovered from sharp declines Friday after the government reported that economic growth during the third quarter was slightly better than expected thanks in part to stronger consumer spending.
Dow Jones industrial futures fell 27 points to 12,029, but
SOUTHFIELD, Mich. (AP) - Third-quarter net income at Lear jumped 21 percent as global vehicle production picked up.
The auto supplier earned $121.4 million, or $1.23 per share, up from $100.7 million, or 95 cents per share, in the same quarter last year. Excluding one-time items, the company posted
By MICHELLE CHAPMANAP Business Writer
NEW YORK (AP) - Newell Rubbermaid plans to cut more than 1,900 jobs, or about 10 percent of its worldwide workforce, over the next two and a half years.
The consumer products company, known for Sharpie pens and its namesake containers, said Friday that all
By The Associated Press
REASSURING RESULTS: Drugmaker Merck posted a 2 percent increase in third-quarter profit, at $1.7 billion. That's despite new generic competition slashing sales for top seller Singulair for asthma and allergies. It had generated $5.5 billion a year.