Cattlemen and other groups worried about the risk of mad cow disease have asked a federal judge to stop the U.S. Agriculture Department from relaxing rules on Canadian cattle imports into the United States.
Wall Street advanced Monday as investors undeterred by record oil prices speculated that the Federal Reserve will cut interest rates later this week to boost the slow economy and lure more buyers into the troubled credit markets.
Alan Greenspan issued bearish comments about the U.S. housing industry Monday, saying that "prices of homes will continue to go down"until housing inventory starts to shrink.
Stormy weather in the Gulf of Mexico forced Pemex to reduce crude production by 600,000 barrels by Monday and suspend efforts to fix a damaged valve line still spewing oil and natural gas almost a week after a platform-rig collision that killed at least 21 workers.
Seagate Technology, the world's largest maker of hard drives, said Monday it is shuttering one of two manufacturing facilities in Northern Ireland, resulting in a cut of 780 employees, about 1.5 percent of the company's global work force.
Boeing Co. said Monday its board of directors authorized the repurchase of up to $7 billion (?4.8 billion) in common stock, stepping up a program that has seen the aerospace company buy back about $8 billion (?5.56 billion) of its shares since resuming repurchases in 2004.
Chrysler LLC Chief Executive Bob Nardelli said Monday he is pleased with a money-saving labor contract that was approved by workers over the weekend and is looking to raise more cash by selling $1 billion (?690 million) worth of unneeded land and buildings.
After shooing away Oracle Corp.'s $6.7 billion (?4.6 billion) takeover bid, business software maker BEA Systems Inc. dug in its heels for a potentially disruptive battle with its largest shareholder, activist investor Carl Icahn.
The American truckers, environmentalists and politicians who are sounding the alarm about the potential dangers of allowing Mexican tractor-trailers onto U.S. interstate highways rarely mention an important fact: hundreds of Mexican-plated trucks already deliver cargo all over the United States, and have done so for years.
The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What is not so apparent is how they will deal with the crisis, although another interest rate cut could come this week.
Plans for the partial privatization of Germany's national railway operator appeared to be in difficulty Monday after one of the country's governing parties voted to limit the influence of new investors in the company.
Bear Stearns Cos. on Monday cut 300 jobs to reduce costs, as the fifth-largest U.S. investment bank continues to deal with the summer's credit turmoil that swept through Wall Street.
Scandinavian airline SAS dropped 27 Bombardier Q400 turboprops from its fleet after three accidents involving landing gear problems. Here is a look at recent incidents involving the aircraft, also known as Dash 8 or DHC-8:
