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Producer Prices Jump by Most in 32 Years
The producer price index jumped 2% in November, the most since 1974, the Labor Department said Tuesday.
December 19, 2006MAN Chief Sees Scania Purchase as Merger of Equals
The proposed acquisition of Swedish truck maker Scania AB by Germany MAN AGs of would be more like a merger of equals than a takeover, MAN Chief Executive Officer Hakan Samuelsson said in an interview published in the Wall Street Journal Tuesday.
December 19, 2006Diesel Declines 1.5 Cents to $2.606 a Gallon
The national average price of diesel fuel fell 1.5 cents to $2.606 a gallon, the Department of Energy said Monday.
December 19, 2006November Housing Starts Jump 6.7%; Building Permits Fall
U.S. new housing starts rebounded in November from the lowest level in six years, but building permits fell to a nine-year low, the Commerce Department said Tuesday.
December 19, 2006UPS Chief Financial Officer Scott Davis Elected Vice Chairman
UPS Inc. said late Monday that Chief Financial Officer Scott Davis was given the additional position of vice chairman and announced the retirement of John Beystehner, the companys chief operating officer.
December 19, 2006Journal Cites Likely Downturn in 2007 Truck Sales
New diesel-engine rules set to take effect Jan. 1 could turn down sales of big rigs by as much as 40% from this years level, but there may another sales boom in 2008 in advance of further rules set to take effect in 2010, the Wall Street Journal reported Monday.
December 18, 2006Navistar Reportedly May Be Open to Buyout Offers
Navistar International Corp.s top official said Friday that the company, which has been struggling to get its financial statements on schedule, may be open to buyout offers, Reuters reported.
December 18, 2006DHS, DOT Propose Strengthened Rail-Security Rules
Federal officials Friday released proposals for a railroad-security plan they said would reduce chances of a terrorist attack, but the proposal drew criticism from Democratic lawmakers who said the rules do not go far enough, news reports said.
December 18, 2006Technology Briefs Dec. 12 - Dec. 18
SmarTires First-Quarter Loss Narrows DHL Enhances Route-Optimization System Lockheed Martin Forms Supply Chain Service Group
December 18, 2006Gasoline Prices Rise 2 Cents to $2.29, Lundberg Reports
Average retail gasoline prices rose 2 cents over the past two weeks to $2.29 a gallon, according to the latest Lundberg survey of gasoline prices released Sunday.
December 18, 2006