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Voters on Tuesday approved about $40 billion in funding for new transportation infrastructure work, according to an American Road & Transportation Builders Association review published Wednesday.

First-time U.S. jobless fell 20,000 last week to 308,000, the Labor Department said Thursday.

The price of goods imported to the United States fell 2% in October, the Labor Department said Thursday.

The U.S. trade deficit narrowed to $64.3 billion in September, posting its biggest drop in two years as crude oil prices fell and overseas demand for American goods rose, the Commerce Department said Thursday.

Cooper Tire & Rubber Co. on Wednesday reported it lost $25 million or 41 cents a share in the third quarter, compared with a loss of $840,000 or 2 cents a share in 2005.

Trailer maker Wabash National Corp. reported Thursday net income of $5 million or 15 cents a share for the third quarter, compared with $24 million or 66 cents last year.

Tom Sharp, the commissioner of Indiana’s state Department of Transportation, on Thursday resigned his position, the Associated Press reported.

Bankrupt auto parts supplier Dana Corp. said Thursday it will close eight North American plants as part of its restructuring efforts, Bloomberg reported.

Crude oil futures on Thursday rose to their highest levels this month, closing at over $61 a barrel on the New York Mercantile Exchange, Bloomberg reported.

Cummins Inc. announced Thursday that its Mineral Point, Wis., facility has begun manufacturing the diesel particulate filters that will help the engine maker achieve compliance with the Environmental Protection Agency’s upcoming 2007 emission standards.