DaimlerChrysler will sell its Chrysler unit to a private-equity firm for $7.4 billion, abandoning a nine-year effort to make the division profitable, Bloomberg reported Monday.
May 14, 2007BusinessGovernment
Deutsche Post’s Earnings Rise
Deutsche Post AG, parent of DHL Americas, said Tuesday its first-quarter profit rose 4%, due to lower costs and higher prices for its U.S. express unit’s services, Bloomberg reported.
May 15, 2007Business
Heartland Sets Special Dividend
Truckload carrier Heartland Express late Monday declared a special dividend of $2 a share to be paid on May 30.
May 15, 2007BusinessGovernment
CPI Rises 0.4% in April
The consumer price index rose 0.4% in April, the Labor Department reported Tuesday.
May 15, 2007Business
EGL Gets New Bids; Profit Jumps
EGL Inc. said it received revised proposals from the two bidders attempting to buy the company.
May 15, 2007BusinessGovernment
N.Y. Manufacturing Index Gains
Manufacturing growth in New York rose this month, the Federal Reserve Bank of New York said Tuesday.
May 15, 2007GovernmentBusinessSafetyFuel
Bush Outlines Emissions-Reduction Plan
President Bush on Monday ordered U.S. government agencies to begin taking regulatory steps to curb vehicle emissions and urged Congress to enact legislation to reduce U.S. dependence on foreign oil.
May 14, 2007GovernmentBusiness
Paccar Says Engine Plant Will Be Sited in Mississippi
Truck maker Paccar Inc. will site a new $400 million engine facility and technology center in Columbus, Miss.
May 14, 2007GovernmentBusinessSafety
Court OKs Allied’s Reorg. Plan
Auto carrier Allied Holdings said Saturday that a bankruptcy court has approved its reorganization plan.
May 14, 2007BusinessTechnologyEquipmentSafety
TMW Cites First-Quarter Upturns
Trucking software provider TMW Systems said it was “pleased” with its first-quarter financial performance and production output.
May 14, 2007