Truck and engine maker Navistar International Corp. said it posted a loss of $120 million for fiscal year 2007, and that it has brought its annual financial reporting up to date.
May 30, 2008FuelGovernmentBusinessSafety
Bill Would Require Ships to Use Clean Fuel
Emissions from cargo ships would be reduced under legislation that passed the Senate Environment and Public Works Committee, the Associated Press reported.
May 30, 2008BusinessEquipment
Tom Linebarger Named Cummins’ Next President
Diesel engine maker Cummins Inc. said it named Tom Linebarger to replace Joe Loughrey as the company’s president and chief operating officer, effective Aug. 1.
May 30, 2008BusinessGovernment
Consumer Sentiment Index Declines
U.S. consumer confidence fell to a 28-year low in May, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
May 30, 2008BusinessLogisticsGovernment
Chicago Manufacturing Index Shows Contraction
Manufacturing activity in the Chicago region improved in May but showed contraction showed for a fourth straight month, the National Association of Purchasing Management said Friday.
May 30, 2008BusinessFuel
Feds Probing Oil Markets, Journal Says
Federal regulators disclosed a sweeping probe into U.S. oil-market trading and said they were expanding surveillance of energy markets, the Wall Street Journal reported Friday.
May 30, 2008GovernmentBusiness
Personal Spending, Incomes Gain in April
Consumer personal spending rose 0.2% in April, the Commerce Department said Friday.
May 30, 2008GovernmentBusinessFuel
Minnesota to Require 20% Biodiesel in 2015
Minnesota Gov. Tim Pawlenty (R) signed a bill that will require diesel sold in the state to contain 20% biodiesel content by 2015, the Associated Press reported.
May 30, 2008BusinessFuel
Oil Drops More than $4 to Close Near $126 a Barrel
Crude oil fell more than $4 Thursday to close at $126.62 a barrel on the New York Mercantile Exchange, Bloomberg reported.
May 29, 2008BusinessSafetyGovernment
NAFTA Surface Trade Rises 1.5%
Surface trade among the United States, Canada and Mexico rose 1.5% in March from a year earlier, though imports by truck fell, the Department of Transportation said Thursday.
May 29, 2008