Government

Manufacturing growth in New York state declined in June, the Federal Reserve Bank of New York said Monday.

Caterpillar Inc., which lost its dominant position in heavy-duty engines last year because of persistent problems with 2007-compliant models, said it will pull out of the North American Class 8 market by 2010, except for a severe-duty truck and engine in partnership with Navistar International Corp.

BELSPRING, Va. — Inside Norfolk Southern Railway’s Cowan Tunnel at the foot of Virginia’s Blue Ridge Mountains, the latest intermodal ad-vancement is moving forward — 4 feet at a time.

The U.S. diesel average inched downward for the second consecutive week, dipping 1.5 cents to $4.692 a gallon, while gasoline topped the $4 mark for the first time ever, the Department of Energy reported.

Volkswagen AG has gained antitrust approval from European regulators to buy a controlling stake in Swedish truck and bus maker Scania AB, Bloomberg reported Friday.

DP World Ltd., the world’s fourth-biggest port operator, has been certified as a partner in the U.S. Customs-Trade Partnership Against Terrorism initiative, Bloomberg reported.

DP World Ltd., the world’s fourth-biggest port operator, has been certified as a partner in the U.S. Customs-Trade Partnership Against Terrorism initiative, Bloomberg reported.

The consumer price index rose 0.6% in may, the Labor Department said Friday.

U.S. consumer confidence fell to a 28-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.

Retail sales jumped 1% in May, the Commerce Department said Thursday.