Ford Motor will close its van making operations in the U.K. bringing to an end a century of vehicle making in the country as it cuts costs and capacity to stem $3 billion of loss in Europe.

Germany wants carmaker's 13% shareholding to forestall it being sold in the open market.

French state rescues Peugeot while Ford Motor will close Genk factory to stem European losses.

Lockheed Martin, Boeing beat third-quarter earnings estimates; General Dynamics, Northrup miss

GE refinances $5 billion of bonds to avoid any market disruption from the U.S.'s looming 'fiscal cliff'

The world's largest maker of tractors and excavators said its third-quarter profit rose nearly 50%, but outlook for global economy was weaker than previously expected.

The heads of Europe's two biggest aerospace firms will seek new strategies after Germany stymied what would have been the world's biggest arms and aviation company tie-up.

U.K. says it could only accept small, equal French and German state shareholdings in the merged aerospace company.

The slowdown in China's steel production hits suppliers half a world apart.