Crude oil futures closed the trading week at more than $110 a barrel, despite an International Energy Agency report issued Friday that showed declining world demand, Bloomberg reported.
April 11, 2008BusinessGovernment
Consumer Confidence Falls to 26-Year Low
U.S. consumer confidence fell to a 26-year low this month, according to the Reuters/University of Michigan monthly consumer sentiment index released Friday.
April 11, 2008Business
GE Posts Lower 1Q Profit, Cuts Outlook
General Electric Co. reported a lower-than-expected first-quarter profit on Friday and lowered its outlook for the full year, the Associated Press reported.
April 11, 2008BusinessGovernment
Import Prices Jump 2.8% in March
The price of goods imported to the United States jumped 2.8% in March, the Labor Department said Friday.
April 11, 2008GovernmentBusiness
U.S. Exporters Facing Container Shortages
Many U.S. companies seeking to export their goods are facing shortages of containers to ship them, the Wall Street Journal reported Thursday.
April 10, 2008Business
High-Tech N.J. Weigh Station Is Having Problems
Problems are plaguing New Jersey’s most high-tech weigh station for trucks, the Associated Press reported.
April 10, 2008Business
Navistar Renames Corporate Units
Navistar International Corp. said it has renamed most of its subsidiaries in order to “bring clarity” to its growing number of brands.
April 10, 2008BusinessSafety
Intermodal Traffic Declines 1.1% for Week
Rail intermodal traffic fell 1.1% for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
April 10, 2008BusinessSafetyGovernmentLogistics
Bruce Carlton Named NITL President
The National Industrial Transportation League said Bruce Carlton will become the group’s president on June 1. He will succeed interim president Annette Sandberg.
April 10, 2008Business
Initial Jobless Claims Fall for Week
Initial jobless claims fell by the most in two and a half years last week, the Labor Department said Thursday.
April 10, 2008