Oil prices continued their recent downturn, falling to below $70 a barrel and marking the lowest level in more than a year as worldwide demand continued to contract in the face of economic uncertainty, news services reported.
October 17, 2008Search
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Housing Starts Fall to 26-Year Low
New home construction fell to a 26-year low in September, the Commerce Department said Friday.
October 17, 2008Class 8 Sales Rise in September, But Orders Drop Dramatically
Heavy-duty truck sales in the United States grew for the fourth straight month in September, but year-to-date results remained weak and the recent national economic chaos led to a sharp drop in new orders during September.
October 20, 2008Diesel Falls 21.6¢ to $3.659
The economic chaos gripping the world’s largest economies continued to feed one positive storyline last week, as the drop in U.S. fuel prices picked up speed.
October 20, 2008Consumer Price Index Unchanged in September
Consumer prices were unchanged in September, kept in check by falling fuel prices, the Labor Department said Thursday.
October 16, 2008USA Truck’s Third-Quarter Income Improves
Truckload carrier USA Truck said Thursday its third-quarter profit jumped to $2.4 million, or 23 cents a share, from $16,000, or zero cents, a year ago.
October 16, 2008New York Manufacturing Index Drops to Record Low
Manufacturing growth in New York state declined in October to the lowest level since the index started in 2001, the Federal Reserve Bank of New York said Wednesday.
October 15, 2008September Producer Prices Drop 0.4%
Prices paid to U.S. producers fell 0.4% in September, while the rate excluding food and energy rose, the Labor Department said Wednesday.
October 15, 2008Retail Sales Fall by Most in Three Years
Retail sales fell 1.2% in September, the biggest drop in three years, led by a steep drop in automobile sales, the Commerce Department said Wednesday.
October 15, 2008Letters to the Editor: Bailout, Road-Use Tax, LTL Reweighing, Border Projects, Mexican Border
The $700 billion bailout plan (and this is just the beginning) is not for mortgages and homeowners; it’s for mortgage-backed securities. Hedge funds are the main holders.
October 14, 2008