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September Unemployment Falls to 4.6%
U.S. companies added 51,000 workers in September, pushing the unemployment rate down to 4.6% for the month, the Labor Department reported Friday.
October 6, 2006Crude Oil Down 5% for Week
Crude oil futures fell 5% for the week, closing below $60 a barrel on Friday on the New York Mercantile Exchange, Bloomberg reported.
October 6, 2006Covenant Lays Off 150 Employees
Truckload carrier Covenant Transport on Friday laid off 150 employees.
October 5, 2006Decline in Gasoline Prices May Continue
Gasoline prices have fallen more than 20% since early August and could be poised to slide even farther, the Wall Street Journal reported Thursday.
October 5, 2006North Carolina Faces $65 Billion Transportation Deficit
North Carolina is $65 billion short of the $122 billion it will need to fund transportation initiatives and road repairs over the next 25 years, the Associated Press reported Thursday.
October 5, 2006Initial Jobless Claims Fall 17,000 for Week
First-time U.S. jobless claims fell 17,000 to 302,000 last week, the Labor Department said Thursday.
October 5, 2006Arvin Meritor Units File Lawsuit Against Eaton
Two units of heavy-duty component manufacturer Arvin Meritor filed late Thursday an antitrust lawsuit against Eaton Corp. over truck transmissions.
October 5, 2006Oil Tops $60 a Barrel on OPEC Worries
Crude oil futures continued to rebound from Tuesday’s seven-month low, topping $60 a barrel at the close of trading on the New York Mercantile Exchange, Bloomberg reported Thursday.
October 5, 2006United Steelworkers Strike at Goodyear Plants
United Steelworkers members at Goodyear went on strike after the union rejected a proposal from the tire maker during the final hours of negotiations on Thursday.
October 5, 2006American Axle Offers Buyouts to 6,000 Workers
Auto parts supplier American Axle announced Wednesday it is offering buyouts to 6,000 United Auto Workers members at five of its plants.
October 5, 2006