Latest News Updates From Sean McNally

Two Economic Indicators Tell Grim Story

New orders for durable goods fell 0.3% in August, according to a Department of Commerce report released Thursday, their third straight month of decline.

September 27, 2001

Consumer Confidence Plummets to Lowest Level in 5 翻 Years

Tuesdays announcement by the New York-based Conference Board of its consumer confidence index said what many on Wall Street had been predicting for two weeks the terrorist attacks compounded fears about mounting job cuts and a free falling stock market.

September 25, 2001

Airline Bailout Package Enacted

President George W. Bush signed a $15 billion bailout package Saturday, the largest industry-wide air package in history. br clear = all>

September 23, 2001

Fed Says Economy Sluggish Before Attacks

The Federal Reserve said Wednesday that the U.S. economy was sluggish even before the terrorist attacks of Sept. 11..

September 19, 2001

U.S., Canadian Trucking Associations Work to Ease Border Delays

Trucking associations in both the United States and Canada are looking for solutions to delays of several hours or more for truckers attempting to enter the country delays engendered by heightened security along the U.S. border in the aftermath of the terrorist attacks on New York and Washington.

September 17, 2001

Airlines Pounded by Stormy Markets First Day

As rescue crews sift through rubble in Manhattan and Washington, D.C., U.S. passenger airlines are picking up the pieces of their industry and preparing to face an anticipated slowdown in air travel.

September 17, 2001

Jobless Rate at Highest Point Since 1997

The number of Americans out of work rose 0.4% in August to 4.9%, the highest level since September 1997, a government report said Friday.

September 7, 2001

Productivity Up 2.1%, Labor Dept. Says

The U.S. worker is becoming more productive, according to a government report released Wednesday morning.

September 5, 2001

New Economic Reports Bring Same Old Story

Leading economic reports released Friday, as well as a University of Michigan study of consumer sentiment, all showed that the U.S. economy has yet to pull out of its slowdown.

August 31, 2001

NTSB Pushes for Tougher Driver Medical Exams

The National Transportation Safety Board is recommending that commercial drivers pass more rigorous medical exams to get behind the wheel, news services reported.

August 29, 2001