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ISM Services Index Contracts in June
The U.S. economy’s service sector contracted in June as prices reached a record high and employment reached a record low, the Institute for Supply Management said Thursday.
July 3, 2008Conn. Lawmakers, Truckers Call for Action on Fuel Prices
Two federal lawmakers joined the head of the Motor Transport Association of Connecticut in calling for action to help relieve soaring fuel prices that are driving trucking companies out of business, the Connecticut Post reported Thursday.
July 3, 2008Diesel Dips for Week; Falls 7.8¢ in June
The average price of a gallon of retail diesel dipped 0.3 cent last week, to $4.645, making June only the second month so far in 2008 during which the average did not rise, the Department of Energy reported.
July 7, 2008ArvinMeritor Forecasts Higher 3Q Sales
ArvinMeritor Inc. said Wednesday that its fiscal third-quarter sales will rise as much as 20% to $2 billion on higher demand in Asia and South America, and for military products in North America.
July 2, 2008Factory Orders Rise 0.6% in Third Straight Gain
Factory orders jumped 0.6% in May, the third straight increase, the Commerce Department said Wednesday.
July 2, 2008Truckers Protest in England, India
Truckers protested high fuel prices in London and in India Wednesday, blocking streets and parking rigs, Bloomberg reported.
July 2, 2008Michelin Boosting U.S. Tire Prices
Tire maker Michelin & Cie. is boosting commercial truck replacement tire prices by as much as 8% in North America, Bloomberg reported.
July 2, 2008Construction Spending Falls 0.4%
Construction spending fell 0.4% in May, the Commerce Department said Tuesday.
July 1, 2008ISM Factory Index Shows Expansion
U.S. manufacturing levels expanded in June for the first time in five months, the Institute for Supply Management said Tuesday.
July 1, 2008California, Washington Cell Phone Laws Take Effect
Laws prohibiting hand-held cell phones take effect Tuesday in California and Washington state, the Associated Press reported.
July 1, 2008