In his final public appearance as chairman of the Federal Reserve, Ben Bernanke took a moment to reflect on the 2008 financial crisis and compared it to a very bad car crash. During an interview at the Brookings Institute, he recalls some "very intense periods" during the crisis, similar to trying to keep a car from going over a bridge after a collision.
A federal judge in Akron ruled late Wednesday against workers who had sued to block the shutdown of their plant in Amiens. The judge said the class-action lawsuit failed to prove contract violations or interference by the parent company in its French operations.
For more than a century, Catholic Cistercian monks known as Trappists have been brewing and selling what many beer lovers consider some of the best in the world. Eight monasteries — six in Belgium and one each in Holland and Austria — produce the only beer recognized by the International Trappist Association as authentic Trappist beer.
Two Colorado cantaloupe farmers who pleaded guilty to charges related to a deadly listeria outbreak in 2011 are asking a federal judge for probation, saying jail time for them is excessive because justice has been served with the federal government's imposition of new food guidelines.
Ford Motor Co. is recalling 27,933 Edge crossovers in the U.S. because a damper in the fuel line could crack and cause fuel leaks. The recall involves Edges from the 2012 and 2013 model years with 2.0-liter engines.
Ford said it is welcoming nearly 1,000 new employees at its Kansas City Assembly Plant to prepare for the launch of the all-new Ford Transit that goes on sale in the U.S. this summer. The plant is home of the 2014 F-150 and will begin producing the all-new 2015 F-150 in the first quarter of 2015.
Johnson & Johnson is being offered $4.15 billion by The Carlyle Group for its Ortho-Clinical Diagnostics business. The New Brunswick, N.J., company has until the end of March to decide whether to accept the offer.
Bombardier Aerospace says it has signed a firm agreement to to sell 16 of its CS300 aircraft to a Saudi Arabian airline with an option to sell an additional 10 aircraft. The order for the 16 aircraft is valued at approximately US$1.21 billion, but should all 10 options be exercised, the value of the contract would increase to US$1.99 billion.
The European car market has endured its longest slump ever with a sixth straight year of contraction in 2013, but an unexpected surge in December sales may signal recovery, according to industry data released Thursday.
The National Labor Relations Board says Wal-Mart illegally fired, disciplined, or threatened more than 60 employees in 14 states for participating in legally protected activities to complain about wages and working conditions. The labor board's general counsel first laid out the charges last November, but held off on filing a complaint while trying to work out a settlement with Wal-Mart.
Revision Military will supply 90,000 Advanced Combat Helmets to the Defense Logistics Agency. The Caledonia Record reports that Revision Military is one of only two qualified and approved suppliers for the helmet.
Under the new Hyundai CEO Dave Zuchowski's predecessor, John Krafcik, Hyundai posted huge sales gains and captured 5.1 percent of the U.S. market in 2011. Then the company's factories couldn't keep up with demand and sales slowed.
The No. 1 U.S. automaker joined others in forecasting slower growth in the red-hot U.S. market. Still, GM and industry analysts expect sales to reach or exceed 16 million for the first time since 2007. GM said it plans to use profits from the U.S. and China — now its largest market — to boost weaker parts of its business.
The effort to clean up soil and groundwater contamination at the nation's only plant for assembling and disassembling nuclear weapons has been effective so far and will continue for years, according to the first five-year review of the site.
Janesville Acoustics plans to build a $13.4 million, 155,000-square-foot facility in Warrensburg to supply parts to a General Motors assembly plant in the Kansas City area. Gov. Jay Nixon says the project could create 164 fulltime jobs in Missouri.
The Labor Department said Wednesday that the producer price index, which measures costs before they reach the consumer, rose 0.4 percent last month from November. That ends three straight months of falling wholesale prices.
Monster and other popular energy drinks have come under increasing scrutiny. The Food and Drug Administration has been investigating reports of deaths linked to energy drinks, but the agency noted that the reports don't prove the drinks caused the deaths.
Rounding out his Cabinet, President Barack Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former California cabinet secretary, to be head of the Small Business Administration.
Ford's money-losing European business saw sales fall 2.1 percent last year in a tough market where unemployment and a slow recovery are holding back buyers. The Dearborn, Michigan-based automaker sold 1.08 million cars in 19 European countries, as sales slipped for two of the company's mainstay models, the small Fiesta hatchback and compact Focus.
When our Internet-connected gadgets and home appliances all learn to talk to each other, Google wants to be at the center of the conversation. This imagined future is still a few years away, but Google is already preparing with its $3.2 billion acquisition of high-tech thermostat and smoke-detector maker Nest Labs.