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Fed Minutes Detail Inflation, Fuel-Price Concerns
Click here to write a Letter to the Editor. igher fuel prices could filter into the cost of consumer goods at least in the short term, potentially curbing spending and economic growth, according to minutes of the Aug. 9 Federal Reserve Open Market Committee meeting, which were released Tuesday.
August 30, 2005Katrina’s Aftermath Leaves Flooding, Dozens Dead
Hurricane Katrina killed at least 60 people after slamming the Gulf Coast Monday with winds as high as 140 mph, causing severe flooding in four states, news services reported.
August 30, 2005Storm's Price Tag Could Reach a Record $26 Bln.
Click here to write a Letter to the Editor. stimates of Hurricane Katrina’s economic damage were still coming in Tuesday, and ranged from $9 billion to as high as $26 billion, news services reported.
August 30, 2005Diesel's 0.2-Cent Uptick Reaches Record $2.59 a Gallon
Click here to write a Letter to the Editor. he U.S. retail diesel average price rose 0.2 cent to $2.59 a gallon, a new record, the Department of Energy said Monday.
August 30, 2005Siemens Splitting Off Logistics Unit
Germany-based Siemens AG said it will split off part of its industrial logistics division early next year in an effort to turn around unprofitable units, Bloomberg reported.
August 30, 2005August Consumer Confidence Level Rises
Click here to write a Letter to the Editor. .S. consumer confidence rose unexpectedly in August to a 105.6 reading, from a revised 103.6 level in July, the Conference Board said in its monthly report.
August 30, 2005July Factory Orders Fall 1.9%, Commerce Reports
Click here to write a Letter to the Editor. he number of orders placed with U.S. factories fell 1.9% in July to $387.8 billion, the Commerce Department reported Tuesday.
August 30, 2005ATA Seeking Trucker Comments on Record-High Diesel Prices
Click here to write a Letter to the Editor. merican Trucking Associations said it has launched a new Internet initiative on its Web site for truckers to share information about the effect of high fuel prices on their businesses.
August 30, 2005DOE May Open SPR to Meet Storm-Related Crude Shortfalls
Click here to write a Letter to the Editor. he Department of Energy may tap the nation’s Strategic Petroleum Reserve to help energy producers and refiners in the wake of Hurricane Katrina, Bloomberg reported Monday.
August 29, 2005Hurricane Katrina Hits Gulf Coast, Flooding Many Roads
Hurricane Katrina slammed into the Gulf Coast in southeastern Louisiana early Monday as a Category 4 hurricane, bringing high winds to the region and flooding many roads, including Interstate 10, news services reported.
August 29, 2005