Business

Freight forwarder Target Logistics’ fiscal second-quarter profit fell to $590,000 or 3 cents a share, from $976,000 or 5 cents in the previous second quarter.

Consumer personal spending rose in December by the most in five months and personal incomes also rose, the Commerce Department said Thursday.

First-time U.S. jobless claims fell by 20,000 last week to 307,000, the Labor Department said Thursday.

Bankrupt auto-parts maker Delphi Corp. lost $5.1 billion in 2006, including a $2.9 billion restructuring charge, the Detroit News reported Wednesday.

LAS VEGAS — Leading heavy-duty truck components manufacturers said technology exists today to build a safer, environmentally friendly and low-cost heavy-duty “world truck,” but major obstacles are consumer acceptance and the lack of a single global standard for emissions and safety technology.

Swedish truck maker Scania AB posted a fifth straight gain in quarterly income and German rival MAN AG dropped a hostile takeover bid in favor of friendly negotiations, Bloomberg reported.

For the fifth straight meeting, the Federal Reserve on Wednesday kept the benchmark U.S. interest rate at 5.25%.

FedEx Corp. said Wednesday it completed its previously announced acquisition of Indian firm Prakash Air Freight Pvt. Ltd. Terms were not disclosed.

Saia Inc. said Wednesday its fourth-quarter net income fell to $5.2 million or 35 cents a share, from $10.7 million or 73 cents for the previous fourth quarter.

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