Daimler AG said Tuesday it took its first quarterly loss in nearly two years on declining sales, Bloomberg reported.
February 17, 2009Search
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Sirius XM Avoids Bankruptcy
Sirius XM Radio avoided bankruptcy thanks to a $530 million loan from Liberty Media Corp., the Associated Press reported Tuesday.
February 17, 2009Obama Signs $787 Billion Stimulus Measure Into Law
President Obama signed into law a nearly $800 billion package aimed at stimulating the U.S. economy that includes almost $30 billion for highway construction funding, the Associated Press reported.
February 17, 2009Wal-Mart’s 4Q Earnings Decline
Retailer Wal-Mart Stores said Tuesday its fiscal fourth-quarter earnings fell 7.4%, while its full-year 2008 earnings rose 5.1%.
February 17, 2009Hearing to Come on Calif. Emissions Waiver
The Environmental Protection Agency will hold a public hearing March 5 on a 2007 decision to deny California a waiver allowing the state to implement its own greenhouse gas emission standards for automobiles and light trucks.
February 17, 2009New York Factory Index Drops to Record Low
Manufacturing growth in New York state contracted this month at the fastest pace on record, the Federal Reserve Bank of New York said Tuesday.
February 17, 2009Eaton to Provide Transmissions to Indian Truck Maker
Truck parts manufacturer Eaton Corp. said it has signed an agreement with India’s Tata Motors, that country’s largest automotive manufacturer, to provide heavy-duty truck transmissions through 2014.
February 16, 2009BorgWarner, GE Locomotive Announce Layoffs
BorgWarner Turbo Systems said it is laying off 140 workers at its plant in Arden, N.C., that manufactures turbochargers for diesel trucks and construction equipment.
February 16, 2009Mack, Volvo Offer DPF to Meet Calif. Rules
Mack Trucks and Volvo Trucks North America said they are offering diesel particulate filters that can be retrofitted on older-model trucks so that they can be operated in compliance with new California emission requirements.
February 16, 2009Diesel Falls 3.3¢ to $2.186
The national average price of diesel fuel fell another 3.3 cents to $2.186 a gallon, while gasoline rose for the sixth time in seven weeks, Energy Department said.
February 18, 2009