Personal Spending Jumps 0.8%
Consumer personal spending rose 0.8% in May, the Commerce Department said Friday.
June 27, 2008Navistar Reports First-Half Profit; Will Resume NYSE Trading Monday
Truck and engine maker Navistar International Corp. Friday reported a first-half profit and said its shares will resume trading on the New York Stock Exchange Monday.
June 27, 2008Rail, Intermodal Traffic Decline for Week
Rail and intermodal traffic both plunged for the week ended Saturday compared with a year ago, in part due to Midwest flooding, the Association of American Railroads said Thursday.
June 26, 2008South Korea Lifts Ban on U.S. Beef
South Korea lifted a ban on U.S. beef imports Thursday, following weeks of protests in that country against such a move, the Associated Press reported.
June 26, 2008Existing Home Sales Improve
Existing homes sales rose in May from a record low the previous month, the National Association of Realtors said Thursday.
June 26, 2008Eaton Names Palchak Automotive Group CEO
Heavy-duty truck and auto components maker Eaton Corp. said Thursday it named Joseph Palchak chief executive officer of its automotive group.
June 26, 2008Highway Fatalities Declining, Paper Says
U.S. highway fatalities have fallen sharply this year compared with a year ago, USA Today reported Thursday.
June 26, 2008Oshkosh Forecasts Third-Quarter Loss
Specialty truck manufacturer Oshkosh Corp. said Thursday it expects to take a fiscal third-quarter loss, due to lower sales and a $175 million charge.
June 26, 2008Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from a week earlier, the Labor Department said Thursday.
June 26, 2008Oil Jumps Past $137 a Barrel
Crude oil prices jumped $3 Thursday to more than $137 a barrel on concerns that Libya may cut production and that European interest rates could push prices higher, Bloomberg reported.
June 26, 2008