U.S. regulators have tightened restrictions on meat and poultry products from Canada because of concerns about testing practices at a Canadian firm that was the likely source of bacteria-contaminated meat that sickened 40 people in eight states.
The giant agribusiness company Cargill Inc. said Saturday it is recalling more than 1 million pounds (450,000 kilos) of ground beef distributed in 10 U.S. states that may be contaminated with E. coli bacteria.
The United AutoWorkers union reached a tentative contract agreement Saturday with the last of the Big Three automakers, Ford Motor Co., concluding a historic round of negotiations that has slashed wages and changed the way health care is provided to retirees.
Wall Street has turned on itself, as one widely watched analyst said investment banks face $10 billion (?6.9 billion) or more in writedowns this quarter from bad mortgage debt, and another downgraded much of the banking sector on similar fears.
Citigroup Inc.'s board plans an emergency meeting on Sunday, and Chief Executive Charles Prince is expected to offer to resign, according to the Wall Street Journal.
U.S. employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that America's employment climate is not cracking under the stress of a deepening housing slump.
Seagate Technology has agreed to reimburse potentially millions of customers and pay up to $1.79 million (?1.24 million) in plaintiff's attorney fees to settle a lawsuit accusing the world's largest maker of hard drives of overstating the data-storage capacity of those devices, court records show.
Nokia Corp.'s new Britain-based online music service launched this week with more than 2 million songs, including tracks from every major record label except one: Warner Music Group Corp., home to artists such as Green Day, Linkin Park and Red Hot Chili Peppers.
