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The contraction in China’s manufacturing worsened in March as the global downturn battered trade, data showed Wednesday, and President Hu Jintao said problems due to the crisis are growing as he left for a London economic summit.
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For Mayola Williams, the widow of a Portland janitor and smoker who died of lung cancer, a decision from the U.S. Supreme Court Tuesday has likely ended a marathon legal dispute that began with a promise she made to her husband a dozen years ago.
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General Motors Corp.’s new chief executive said Tuesday that more of the automaker’s plants could close and bankruptcy is “more probable” as GM works to meet new, tougher requirements for government aid.
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Ford Motor Co. said Tuesday it is offering a payment protection plan to help reassure consumers who may be putting off buying a new car because of worries about losing their job.
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Oil prices edged up Tuesday in Asia but remained below $50 a barrel as fears of a major automaker bankruptcy in the U.S. sparked renewed jitters over the global economy.
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