Daimler AG said Thursday that it lost $478 million (352 million euros) in the fourth quarter and that it plans to cancel its annual dividend, Bloomberg reported.
February 18, 2010BusinessGovernment
Philadelphia Factory Index Grows
Manufacturing levels in the Philadelphia expanded in February at a highest pace in more than five years, the Federal Reserve Bank of Philadelphia said Thursday.
February 18, 2010BusinessGovernment
Leading Economic Indicators Gain 0.3%
An index of leading economic indicators improved for a tenth straight month in January, the New York-based Conference Board said Thursday.
February 18, 2010Business
Jobless Claims Climb for Week
Initial jobless claims grew by 31,000 last week, the Labor Department said Thursday.
February 18, 2010BusinessAutonomous
MAN Loses 472 Mln. Euros in 4Q
Poor demand from the economic downturn caused German truck maker MAN SE to lose 472 million euros ($645 million) in the fourth quarter, compared with a profit of 177 million euros ($242 million) a year earlier, Bloomberg reported.
February 17, 2010BusinessEquipmentAutonomous
ArvinMeritor Reiterates 2Q Outlook
Truck components maker ArvinMeritor Inc. said Wednesday that its fiscal first quarter earnings and revenues will be flat compared with the first quarter.
February 17, 2010BusinessSafetyTechnologyEquipmentAutonomous
TMC Announces New Leadership, Winners of Silver Spark Plugs
TAMPA, Fla. — Jerry Thrift of Ryder System, Miami, was installed as chairman of the Technology & Maintenance Council of American Trucking Associations during the group’s meeting here Feb. 11.
February 17, 2010BusinessSafetyGovernment
DOT Awards $1.5 Bln. for Transportation Projects
The Department of Transportation Wednesday announced that 51 projects will receive $1.5 billion in grants under the Transportation Investment Generating Economic Recovery program.
February 17, 2010BusinessSafetyGovernmentLogistics
Pacer Posts 4Q Profit
Transportation and third-party logistics firm Pacer International said its fourth-quarter profit grew to $10 million, or 10 cents per share, compared with a $64 million loss, or $1.83 cents, a year earlier.
February 17, 2010Business
Industrial Production Rises 0.9%
Industrial production rose 0.9% in January, the Federal Reserve said Wednesday.
February 17, 2010