In papers filed Friday with the U.S. Bankruptcy Court in Delaware, the company said Ohio agreed to reduce its claims against the company to $2.3 million and up to 50% of any insurance proceeds Federal Mogul obtains related to asbestos damage at its former plant in McConnelsville, Ohio.
. said Monday it will delay its announcement of how many hourly workers took buyout offers to leave the company because it is missing data from several plants.
.’s United Airlines, the world’s second-largest carrier, may be trying to beat rivals to a merger after Crain’s Chicago Business reported the company hired . to explore transactions.
The year-over-year drop in median prices is a dramatic turnaround in fortunes for the once high-flying housing market, which last year was posting double-digit price gains.
The National Association of Realtors reported Monday that sales of existing single-family homes and condominiums dropped 0.5% last month to a seasonally adjusted annual rate of 6.30 million units.
resumed production on a portion of the eastern side of the Prudhoe Bay oilfield in Alaska, which has been shut since early August because of leaks and corrosion.
union workers voted Monday to reject what the company called its final contract offer, extending the seven-month-old standoff at the Middletown Works plant.
Furniture retailer , which has a store in Canton, plans to hire tens of thousands of workers, the company’s CEO said in an interview published Monday.
“We have to hire at least around 10,000 people a year to meet our ambition of continued growth,” Anders Dahlvig, told Swedish daily Dagens Industri.
A federal judge ruled Monday that a jury should decide whether tobacco companies must pay tens of millions of smokers up to $200 billion for allegedly duping them into buying light cigarettes over three decades.
. said it plans to offer 6.7 million shares of common stock in a public offering to help fund the purchase of . In addition, the Novi-based electric transmission company said its principal shareholder, , will sell 2.9 million shares of ITC Holdings stock.
Working Mother CEO Carol Evans touted an improvement in mother-friendly benefits. Evans added that a growing number of companies are offering custom schedules.