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Gulf of Mexico Oil Discovery Could Increase U.S. Reserves by 50%
A newly discovered oil and gas pool in a deep-water region of the Gulf of Mexico could increase U.S. reserves by about 50%, the Associated Press reported Tuesday.
September 5, 2006Construction Spending in July Plunges 1.2%
Construction spending plunged 1.2% in July, the Commerce Department said Friday.
September 1, 2006California Debuts Ultra-Low-Sulfur Diesel
Retailers in California must begin selling ultra-low-sulfur diesel fuel Friday, making it the first state to require its sale.
September 1, 2006ISM Manufacturing Index Falls in August
The Institute for Supply Management said Friday its manufacturing index dipped to 54.5 in August.
September 1, 2006August Unemployment Rate Dips to 4.7%
U.S. companies added 128,000 workers in August, pushing the unemployment rate down to 4.7% for the month, the Labor Department reported Friday.
September 1, 2006UPS, Teamsters to Begin Talks Sept. 19
UPS Inc. and the Teamsters union will begin negotiations on a new contract Sept. 19, Bloomberg News reported Thursday.
September 1, 2006Delphi Posts $534 Million July Loss
Truck and auto parts manufacturer Delphi Corp. said it had a net loss of $534 million in July, Bloomberg News reported Thursday..
September 1, 2006UPS Pilots Ratify New Contract
Pilots represented by the Independent Pilot’s Association have ratified an eight-year contract with UPS, the carrier said Thursday in a release.
August 31, 2006Factory Orders Fall 0.6% in July
U.S. factory orders fell in July, declining 0.6%, the Commerce Department reported Thursday.
August 31, 2006Personal Spending Rises 0.8% in June; Inflation Gains Slightly
Consumer personal spending rose 0.8% in July, the largest gain since January, the Commerce Department said Tuesday.
August 31, 2006