Federal Reserve officials said during their Jan. 29-30 meeting that lower interest rates may be needed for some time in order to stave off the affects of a faltering U.S. economy, Bloomberg News reported.
February 21, 2008GovernmentBusiness
Leading Indicators Fall for Fourth Consecutive Month
The index of leading economic indicators January fell for the fourth consecutive month, driven down by deterioration in the stock and housing markets, the New York-based Conference Board said Thursday.
February 21, 2008BusinessGovernment
Philadelphia Factory Index Plummets
Manufacturing levels in the Philadelphia region this month fell by the most since February 2001, the Federal Reserve Bank of Philadelphia said Thursday.
February 21, 2008BusinessGovernmentFuel
Long Beach Port Officials Approve Emissions Plan
Officials with California’s Port of Long Beach have approved a plan aimed at reducing truck emissions at the port, in spite of objections from drivers, public health advocates, and environmentalists, the Los Angeles Times reported Wednesday.
February 21, 2008Business
Initial Claims Fall by 9,000 for Week
Initial jobless claims fell by 9,000 for the week ended Saturday, the Labor Department said Thursday.
February 21, 2008Business
Editorial: Economic Smelling Salts
Everyone is putting a lot of stock in the economic stimulus provided by a government package of tax rebates and incentives, and eagle-eyed economists and accountants are combing the legislative text for opportunities.
February 20, 2008GovernmentBusinessSafety
Supreme Court Strikes Down Maine Tobacco Law
U.S. Supreme Court justices on Wednesday unanimously struck down a Maine law that would have placed new restrictions on motor carriers delivering tobacco shipments, Bloomberg News reported.
February 20, 2008BusinessSafetyGovernmentLogisticsEquipment
Contrans to Consolidate Some Van, Flatbed Operations
Canadian transportation firm Contrans Income Fund said it plans to consolidate certain operations of its dry van and flatbed businesses in eastern Canada.
February 20, 2008FuelBusinessLogisticsGovernment
Diesel Jumps 11.6¢ to $3.396; Oil Closes Over $100 for First Time
The national average pump price of diesel fuel jumped 11.6 cents to $3.396 a gallon, the Department of Energy said Tuesday, while crude oil closed at more than $100 a barrel for the first time ever.
February 20, 2008BusinessGovernment
January CPI Rises 0.4%
The consumer price index rose 0.4% in January, matching an increase in December that was larger than originally reported, the Labor Department said Wednesday.
February 20, 2008