Government

Florida-based Western Global Airlines filed for bankruptcy protection with plans to slash its debt load after the cargo airline faced a cash crunch.

DETROIT — The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism.

Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.

For the first time in California, one out of every four new cars sold in the last quarter were zero-emission vehicles, Gov. Gavin Newsom announced this week.

WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.

Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.

The Ohio Turnpike is preparing to overhaul the way it calculates tolls starting this fall, which will help the turnpike’s finances but have varying effects on motorists’ wallets.

A panel in the House recently approved a bill that would block efforts meant to prevent the sale of internal combustion engines.

DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.

WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel.