Business

Goodyear Tire & Rubber Co. said Thursday it will end tire production at its facility in Valleyfield, Quebec, Canada, and convert the facility to a mixing plant.

The Department of Homeland Security Wednesday issued its final rule under its Transportation Worker Identification Credential program for port security.

The economy’s service sector growth rate fell in December following two increases, the Institute for Supply Management reported Thursday.

Factory orders rose 0.9% in November, the Commerce Department reported Thursday.

Navistar International Corp. said Thursday it has received a commitment for a five-year $1.3 billion loan.

First-time U.S. jobless claims jumped 10,000 last week to 329,000, the Labor Department said Thursday.

Federal Reserve officials said inflation was a top concern at their Dec. 12 meeting, according to minutes of the Fed’s Dec. 12 meeting released Wednesday.

The Institute for Supply Management said Wednesday its manufacturing index for December rose to 51.4 from a 49.5 reading, which had been the first contraction in more than three years.

Transportation and logistics firm EGL Inc.’s Chief Executive Officer James Crane and an investment firm offered to take the company private in a $1.2 billion buyout, the company said.

New Canadian hours-of-service rules for commercial drivers took effect Monday, but officials said it was not clear when most provinces would adopt and enforce them.