Oil fell in early trading from last week’s record high, but its continued climb has prompted some analysts to predict the price could jump to $200 a barrel this year, the Wall Street Journal reported Monday.
July 7, 2008GovernmentBusiness
Employment Index Declines, Conference Board Says
An employment trends index declined in June, the New York-based Conference Board said Monday.
July 7, 2008GovernmentBusinessSafetyTechnology
First Atlantic Hurricane Forms; Unlikely to Affect Gulf Oil Platforms
The first hurricane of the Atlantic hurricane season formed Monday, but forecasts put it on a track that would not affect Gulf of Mexico oil platforms, the Associated Press reported.
July 7, 2008GovernmentBusinessSafety
Editorial: Good News, Relatively Speaking
At a time when good news is in notably short supply, it’s nice to be able to report several positive stories on this week’s front page.
July 7, 2008BusinessSafety
May Truck Tonnage Rises 3.3%
U.S. truck tonnage grew by 3.3% in May — the seventh straight monthly increase — according to a preliminary report from American Trucking Associations.
July 7, 2008GovernmentBusinessSafety
CVSA Finds Fewer Violations During Annual Roadcheck
The Commercial Vehicle Safety Alliance said 23.9% of the 52,345 vehicles that underwent comprehensive inspections during Roadcheck last month were placed out of service, the lowest percentage in the program’s 21-year history.
July 7, 2008Business
Navistar Returns to NYSE; Posts $162 Mln. First-Half Profit
After a notable hiatus, truck maker Navistar International Corp. has returned both to profitability and to the New York Stock Exchange.
July 7, 2008BusinessFuelGovernment
Diesel Dips for Week; Falls 7.8¢ in June
The average price of a gallon of retail diesel dipped 0.3 cent last week, to $4.645, making June only the second month so far in 2008 during which the average did not rise, the Department of Energy reported.
July 7, 2008BusinessGovernmentTechnologyEquipmentSafety
Nokia Gets Antitrust Approval for Navteq Acquisition
Finnish mobile phone maker Nokia received European antitrust approval to complete its $8.1 billion purchase of Navteq Corp., a Chicago-based provider of digital maps for in-vehicle navigation systems.
July 3, 2008BusinessEquipmentSafety
ArvinMeritor to Acquire European Remanufacturer
Heavy-duty components maker ArvinMeritor Inc. said it will buy Trucktechnic, a Belgium-based remanufacturer and distributor of commercial vehicle disc and foundation brakes and components.
July 3, 2008