Oil fell more than $2 Wednesday to a two-week low under $109 a barrel following a report that showed crude supplies reached a six-month high last week, Bloomberg reported.
May 4, 2011Business
Productivity Slows in First Quarter
U.S. workers’ productivity slowed in the first quarter as employers hired more workers, the Labor Department said Thursday.
May 5, 2011Business
Patriot Transportation’s 2Q Profit Rises
Tank and bulk carrier Patriot Transportation Holding’s fiscal second-quarter net income rose to $1.7 million, or 18 cents a share, from $1.4 million, or 15 cents, a year ago.
May 5, 2011Business
Jobless Claims Hit Nine-Month High
Initial jobless claims fell last week by the most since August, the Labor Department reported Thursday.
May 5, 2011BusinessEquipment
Commercial Vehicle Group Reports Higher 1Q Profit
Components maker Commercial Vehicle Group said its first quarter profit rose from a year ago on higher sales and stronger vehicle markets.
May 4, 2011BusinessLogistics
Wabash Swings to First-Quarter Profit
Trailer manufacturer Wabash National Corp. reported a first-quarter profit on improved sales, turning around a loss from a year ago.
May 4, 2011BusinessTechnology
Intermec’s Loss Widens; CEO Departs
Intermec said its first-quarter loss widened on higher costs and that CEO Patrick Byrne has left the company.
May 4, 2011Business
Companies Added More Workers in April, Report Says
U.S. companies added 179,000 workers to payrolls in April, signaling the labor market is strengthening, according to a private report released, Bloomberg reported Wednesday.
May 4, 2011GovernmentBusiness
Senate Bill Would Apply Federal Weight Limits to More Highways
WASHINGTON — A bill introduced Tuesday in the U.S. Senate would prohibit states from increasing truck size and weight limits on the National Highway System.
May 3, 2011GovernmentBusiness
NAFTA Surface Trade Rises in February
Surface transportation trade among the United States, Canada and Mexico was 11.8% higher in February than a year earlier, the Department of Transportation said Tuesday.
May 3, 2011