In the latest consolidation move in the ailing U.S. steel industry, Nucor Corp. on Thursday offered to pay $500 million in cash for most of the assets of Birmingham Steel Corp.
DaimlerChrysler AG is recalling 1.6 million 1993-1998 model year Jeep Grand Cherokees in response to consumer claims the vehicle may not be in "park" even though the gear shift is placed in that position.
New claims for unemployment insurance dipped for the second week in a row to a level suggesting that companies may be easing layoffs as signs of an economic recovery mount.
Relatives of corporate raider Victor Posner are questioning his will, which leaves the bulk of his multimillion dollar estate to his business associate and gives three of his four children nothing.
An arson car fire, not a crash, killed a driver's license examiner charged in a bogus license scheme with possible terrorist ties, according to an FBI agent's testimony.
Waylon Jennings died peacefully Wednesday at his Arizona home after a long battle with diabetes-related health problems, said spokeswoman Schatzie Hageman. He was 64.
