Crude oil rose more than $2 Friday to close above $106 a barrel for the first time in more than a week, Bloomberg reported.
April 4, 2008Business
Payrolls Fall by 80,000; Unemployment Rate Rises to 5.1%
U.S. payrolls fell by 80,000 last month in a third straight downturn, and the unemployment rate rose to 5.1% from 4.8%, the Labor Department said Friday.
April 4, 2008BusinessFuelGovernment
Biodiesel Quality Improves, But Concerns Remain
The Department of Energy this week released the results of its 2007 biodiesel quality survey that showed improvements in biodiesel quality, but said 10% of the biodiesel produced in the United States still fails to meet certain quality specifications.
April 4, 2008BusinessGovernment
N.Y. Lawmakers Likely to Decide on City’s Congestion Plan Monday
The New York State Assembly is not likely to make a decision on a congestion-fee plan for cars and trucks in New York City until a key deadline Monday, the New York Post reported Friday.
April 4, 2008BusinessSafety
Intermodal Traffic Drops 2.7% for Week
Rail intermodal traffic fell 2.7% for the week ended Saturday compared with a year ago, the Association of American Railroads said Thursday.
April 3, 2008BusinessSafetyGovernment
ISM Services Index Improves, but Shows Contraction
The U.S. economy’s service showed continued contraction in March, but improved from February, the Institute for Supply Management said Thursday.
April 3, 2008Business
Initial Jobless Claims Jump by 38,000 for Week
Initial jobless claims jumped by 38,000 last week, the Labor Department said Thursday.
April 3, 2008GovernmentBusiness
Corzine May Sue NYC Over Congestion-Fee Plan
New Jersey Gov. Jon Corzine (D) may sue New York City over a planned congestion-fee program for central Manhattan, but the program is facing doubts from lawmakers in the New York State Assembly, the New York Post reported Thursday.
April 3, 2008GovernmentBusinessSafetyLogistics
Menlo Boosts Use of SmartWay-Approved Carriers
Menlo Worldwide Logistics, a subsidiary of Con-way Inc., said Thursday it is increasing its use of carriers approved by the U.S. Environmental Protection Agency’s SmartWay program.
April 3, 2008GovernmentBusiness
California, 17 States Sue EPA on Greenhouse Gas Data
California and 17 other states have sued the U.S. Environmental Protection Agency, seeking the release of a court-mandated determination that greenhouse gases endanger public health or welfare, Bloomberg reported Wednesday.
April 3, 2008