Feb. Factory Orders Rise 1%
Factory orders rose 1% in February following the biggest drop in six years, the Commerce Department said Wednesday.
April 4, 2007ISM Services Index Declines in March
The Institute for Supply Management's services index slipped to 52.4 in March from February’s reading of 54.3, ISM said Wednesday.
April 4, 2007Crude Prices Ease After Iran Says It Will Release British Sailors
Crude oil futures prices declined Wednesday after Iran's President Mahmoud Ahmadinejad said that he will release 15 captured British sailors, news services reported.
April 4, 2007Judge Says Dana Should Continue Negotiations With Union
A U.S. bankruptcy judge gave auto parts manufacturer Dana Corp. and the United Steelworkers Union until April 13 to negotiate a new labor contact, Bloomberg News reported Tuesday.
April 4, 2007Diesel Jumps 11.4¢ to $2.79
After falling by less than a penny in each of the past two weeks, the national average price of diesel fuel jumped 11.4 cents Monday to $2.79 a gallon, the Energy Department reported.
April 3, 2007Speed Limiter Petitions Draw Heavy Response
Bush Threatens to Veto Bill Delaying Border Opening
Congress and the Bush administration clashed last week over a proposal to allow Mexican trucks into the United States in a year-long pilot project, with the Senate passing a series of restrictions to the plan and a pair of bills being introduced in the House aimed at stopping it.
April 3, 2007Safety & Security Briefs — March 29 - April 4
Kitty Hawk’s 4Q Earnings Increase
Air freight and cargo company Kitty Hawk Inc. said Tuesday it earned $8.3 million or 15 cents a share in the fourth quarter, compared with a loss of $4.1 million or 8 cents a year earlier.
April 3, 2007Strike Continues at Cummins Crosspoint
Negotiations between Teamsters and a distributor for diesel engine maker Cummins Inc. continued Tuesday, two days after workers at a West Virginia facility went on strike, the Associated Press reported.
April 3, 2007