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Biodiesel producers are threatening to shut down their operations if the Senate does not approve a bill that would extend the $1 per gallon biodiesel tax credit due to expire on Dec. 31.

WASHINGTON — Transportation Secretary Ray LaHood said work on a regulation that would ban texting by commercial drivers will be finished in the near future.

Cummins Inc. named Rich Freeland to be the next president of its engine business, succeeding Jim Kelly, who the company said Tuesday will step down from that position early next year.

The Federal Motor Carrier Safety Administration has begun enforcing its New Entrant Safety Assurance Process rule, requiring stricter safety standards for newly registered truck and bus companies.

Manufacturing levels in the Philadelphia expanded at the fastest pace in more than four and a half years, the Federal Reserve Bank of Philadelphia said Thursday.

An index of leading economic indicators improved for an eighth straight month in November, the New York-based Conference Board said Thursday.

Initial jobless claims rose last week, the Labor Department reported Thursday.

YRC Worldwide has extended its debt-for-equity exchange offer to Dec. 23 and amended the terms.

Housing starts jumped 8.9% in November while building permits rose to the highest level in a year, the Commerce Department said Wednesday.