Estes Revamps, Renames Air Forwarding Unit
Estes Express Lines said Friday that its Estes Air division will be reorganized as Estes Air Forwarding LLC, effective Sunday, July 1.
June 29, 2007Construction Spending Gains 0.9%
Construction spending rose 0.9% in May, the fourth straight monthly increase and the biggest rise in almost a year and a half, the Commerce Department said Friday.
June 29, 2007Consumer Sentiment Dips in June
U.S. consumer confidence fell in June to a 10-month low the previous month, according to the University of Michigan’s monthly consumer sentiment index released Friday.
June 29, 2007Chicago Manufacturing Index Dips in June
Manufacturing activity in the Chicago declined but held near a two-year high this month, the National Association of Purchasing Management said Friday.
June 29, 2007Personal Spending Rises 0.5%
Consumer personal spending rose 0.5% in May, the Commerce Department said Friday.
June 29, 2007Oil Tops $70 a Barrel
Oil futures moved briefly past $70 a barrel on Thursday for the first time since September before receding, after an Energy Department report showed that gasoline and distillate fuel inventories declined last week, Bloomberg reported.
June 28, 2007GM to Sell Allison Transmission Unit
General Motors Corp. said Thursday it will sell its Allison Transmission commercial and military business to two private firms for $5.6 billion.
June 28, 2007Fed Again Holds Interest Rate at 5.25%
For the eight straight time, the Federal Reserve on Thursday voted to keep the benchmark U.S. interest rate at 5.25%.
June 28, 2007DHL Buys Stake in Polar Air
Package delivery firm DHL said Thursday it acquired a 49% stake Polar Air Cargo Express, a unit of Atlas Air Worldwide Holdings, to expand its business in the Asia-Pacific region.
June 28, 2007FedEx Expands China Service
FedEx Express said Thursday it has made its next-business-day service available to customers throughout China.
June 28, 2007