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Visteon pays bonus to 2,700 salaried workers as troubles mount

Visteon Corp., the former Ford auto-parts unit that’s battling bankruptcy rumors as losses mount, paid a performance bonus last week to 2,700 salaried workers worldwide.

UAW agrees to Ford contract concessions

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Stanford slashes 85% of U.S. employees

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Stanford slashes 85% of U.S. employees

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Judge unfreezes assets of Stanford investors

A federal judge has unfrozen the assets of about 12,000 people and groups who invested in companies of R. Allen Stanford, who is accused in a .2 billion fraud scheme.

Dow hits lowest level since April 1997

Stocks plunge on a mix of economic worries. Wal-Mart sales jump, but other retailers struggle. JPMorgan leads banks lower. GM has doubts about its future. Ford will retire up to .4 billion of its debt.

Ford production cuts will approach 42%

Ford Motor Co. said Tuesday that its North American plants will build 425,000 vehicles in the second quarter.