Feds Probing Oil Markets, Journal Says
Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.
May 30, 2008Navistar Posts $120 Million Loss for 2007 Fiscal Year
Truck and engine maker Navistar International Corp. said it posted a loss of $120 million for fiscal year 2007, and that it has brought its annual financial reporting up to date.
May 30, 2008Personal Spending, Incomes Gain in April
Consumer personal spending rose 0.2% in April, the Commerce Department said Friday.
May 30, 2008Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008Oil Drops More than $4 to Close Near $126 a Barrel
Crude oil fell more than $4 Thursday to close at $126.62 a barrel on the New York Mercantile Exchange, Bloomberg reported.
May 29, 2008NAFTA Surface Trade Rises 1.5%
Surface trade among the United States, Canada and Mexico rose 1.5% in March from a year earlier, though imports by truck fell, the Department of Transportation said Thursday.
May 29, 2008Frozen Food Express to Slow Fleet’s Speed to 62 MPH
Refrigerated truckload carrier Frozen Food Express Industries said Thursday it will lower the maximum speed of its trucks to 62 miles per hour, from 65 mph, in an effort to save money on fuel.
May 29, 2008Rail, Intermodal Traffic Fall for Week
Rail and intermodal traffic fell for the week ended Saturday compared from a year ago, the Association of American Railroads said Thursday.
May 29, 2008Jobless Claims Rise 4,000 for Week
Initial jobless claims rose by 4,000 last week, the Labor Department said Thursday.
May 29, 2008Oil Closes Above $131 a Barrel
Crude oil futures jumped more than $2 a barrel Wednesday to close at $131.03 a barrel, not far off the record closing price, Bloomberg reported.
May 28, 2008