FedEx Corp.’s fourth-quarter profit increased from a year ago on higher package volume and an improving economy, the company said Wednesday.
June 16, 2010Business
Initial Jobless Claims Rise for Week
Initial jobless claims rose 12,000 last week, the Labor Department said Thursday.
June 17, 2010Business
Industrial Production Takes Biggest Gain Since August
Industrial production rose 1.2% in May, marking the biggest gain in nine months, led by automobiles and utilities, the Federal Reserve said Wednesday.
June 16, 2010Business
Housing Starts Decline 10% in May
Housing starts fell in May following the expiration in April of a home sales tax credit, the Commerce Department said Wednesday.
June 16, 2010Business
Producer Price Index Drops 0.3%
Prices paid to U.S. producers decreased 0.3% in May, the Labor Department said Wednesday.
June 16, 2010GovernmentBusiness
Construction Firms Lose $23 Billion from Congestion, AGC Finds
U.S. construction firms are facing an estimated $23 billion a year in additional costs due to traffic congestion, according to a survey released by the Associated General Contractors of America.
June 16, 2010Business
Scania Expands Dealerships in Iraq
Swedish truck maker Scania AB opened its second dealership in Iraq and seeks to start another one this year as the country’s reconstruction spurs demand, Bloomberg reported.
June 16, 2010GovernmentBusiness
Senators Introduce Bill to Curb Broker Fraud
A pair of Senators introduced legislation Tuesday aimed at curbing the fraud by unscrupulous freight brokers.
June 15, 2010Business
Arizona Hopes Dust Storms Shutting I-40 Have Ended
Arizona transportation and public safety officials said they hope whatever caused severe dust storms that closed a stretch of Interstate 40 at least 10 times in the past two months has run its course.
June 15, 2010Business
Groups Concerned About Ariz.’s Rest Area Commercialization
A coalition of truck stops, restaurant franchises and other businesses have expressed opposition to Arizona’s proposal to stem budgetary shortfalls by commercializing the state’s interstate rest areas.
June 15, 2010