Caterpillar Sees Higher Profit by 2012; Sets Asian Partnerships
Heavy equipment and diesel engine maker Caterpillar Inc. said its profit may increase by 2012 if the economy recovers, Bloomberg reported.
August 5, 2009Oil Slips Below $70 Following DOE Report
Oil prices fell to below $70 a barrel Wednesday following a Department of Energy report that showed crude supplies rose last week, Bloomberg reported.
August 5, 2009Commercial Vehicle Group Reports 2Q Loss
Parts maker Commercial Vehicle Group reported it lost $22.5 million, or $1.04 per share, in the second quarter, compared with earning $3.1 million, or 14 cents, a year ago.
August 5, 2009Wabash Completes $35 Million Capital Infusion
Trailer maker Wabash National Corp. said it has completed a $35 million investment in the company by a private equity firm.
August 4, 2009Pepsi Units to Merge in $7.8 Billion Deal
Soft drink giant PepsiCo said Tuesday it has entered into a $7.8 billion merger deal with its its two largest anchor bottlers.
August 4, 2009DOT to Host September Summit on Texting and Driving
The Department of Transportation will convene a September summit to come up with a plan to deal with the issue of texting while driving, DOT said Tuesday.
August 4, 2009Expeditors’ Second-Quarter Income Declines
Logistics firm Expeditors International of Washington said Tuesday its second-quarter net income fell 24% to $54.1 million, or 25 cents a share, from $71.3 million, or 32 cents, a year ago.
August 4, 2009Diesel Rises 2.2¢ to $2.55
The average price of diesel fuel rose for the second straight week, gaining 2.2 cents to $2.55 a gallon, the Department of Energy said Monday.
August 4, 2009ArvinMeritor Reports 3Q Loss; Will Sell Wheels Business
Truck components maker ArvinMeritor said Tuesday it lost $162 million, or $2.23 per share, in its fiscal third quarter, compared with a profit of $44 million, or 60 cents per share, a year ago.
August 4, 2009Personal Spending Rises; Incomes Take Biggest Plunge in Four Years
Consumer personal spending rose modestly in June, while incomes fell by the most in four years, the Commerce Department said Tuesday.
August 4, 2009