Oil rose more than $5 Thursday to close at $121.18 a barrel, based on renewed tensions between the United States and Russia and a slip in the U.S. dollar, the Associated Press reported.
August 21, 2008Search
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Teamsters Set Deal With Interstate Bakeries’ Creditors
The Teamsters union said it negotiated a deal between investor Ripplewood Holdings and Interstate Bakeries Corp.’s creditors to save the company from liquidation and protect union jobs.
August 21, 2008Leading Economic Indicators Fall 0.7%
An index of leading economic indicators fell 0.7% in July, the New York-based Conference Board said Thursday.
August 21, 2008Philadelphia Manufacturing Index Shows Continued Contraction
Manufacturing levels in the Philadelphia region improved, but continued to show contraction in August, the Federal Reserve Bank of Philadelphia said Thursday.
August 21, 2008Kentucky Trucking Firm Closes Doors
Louisville, Ky., trucking company C.W. Johnson Xpress said this week it was closing its doors due to high costs, the Louisville-Courier Journal reported.
August 21, 2008Jobless Claims Fall 13,000 for Week
Initial jobless claims fell by 13,000 last week to 432,000, the Labor Department said Thursday.
August 21, 2008Rail, Intermodal Traffic Decline for Week
Rail and intermodal traffic both declined for the week ended Saturday compared with a year ago, the Association of American Railroads said.
August 22, 2008Teamsters Seeking Help from Interstate Bakeries’ Creditors
The Teamsters union, which represents 9,500 employees of bankrupt Interstate Bakeries Corp., said hopes for the company’s successful emergence from bankruptcy were dimming, the Kansas City Star reported.
August 20, 2008Oil Pushes Past $116 as Gasoline Inventories Fall
Crude oil rose more than $1 Wednesday to top $116 a barrel, as gasoline inventories declined last week, Bloomberg reported.
August 20, 2008Peters Seeks Support of States, Companies for DOT Transport Plan
Transportation Secretary Mary Peters said the Bush administration’s plan to encourage more local and private involvement in transportation funding hinges on support from business leaders and state officials, Bloomberg reported Wednesday.
August 20, 2008