Crude oil prices jumped $3 Thursday to more than $137 a barrel on concerns that Libya may cut production and that European interest rates could push prices higher, Bloomberg reported.
June 26, 2008Business, Logistics
Existing ºÚÁϳԹÏÍø Sales Improve
Existing homes sales rose in May from a record low the previous month, the National Association of Realtors said Thursday.
June 26, 2008Business, Equipment
Eaton Names Palchak Automotive Group CEO
Heavy-duty truck and auto components maker Eaton Corp. said Thursday it named Joseph Palchak chief executive officer of its automotive group.
June 26, 2008Business
Highway Fatalities Declining, Paper Says
U.S. highway fatalities have fallen sharply this year compared with a year ago, USA Today reported Thursday.
June 26, 2008Business
Oshkosh Forecasts Third-Quarter Loss
Specialty truck manufacturer Oshkosh Corp. said Thursday it expects to take a fiscal third-quarter loss, due to lower sales and a $175 million charge.
June 26, 2008Business
Jobless Claims Unchanged for Week
Initial jobless claims were unchanged last week from a week earlier, the Labor Department said Thursday.
June 26, 2008Government, Business, Fuel
Oil Jumps Past $137 a Barrel
Business
Fed Holds Key Interest Rate at 2%
The Federal Reserve Wednesday voted to keep a key U.S. interest rate at 2%.
June 25, 2008Government, Business, Safety, Fuel
Letters to the Editor: Fuel Price Crises, Drug Clearinghouse, Fighting Back, Authority
With sightings of $5 diesel looming in some states, the fuel surcharge is a necessary ingredient to help offset the weekly fuel cost increases.
June 25, 2008Business
FedEx Opens Two West Coast Gateways
FedEx Trade Networks said Wednesday it has opened two new gateways on the West Coast to support its ocean-ground distribution service.
June 25, 2008Business
JHT Holdings Files for Bankruptcy
Trucking company JHT Holdings filed for bankruptcy Tuesday, citing reduced revenue in the past year as truck sales declined, Bloomberg reported.
June 25, 2008