A big storm brought strong winds and rain to the East Coast early Monday, flooding rivers, stranding airline flights and prompting evacuations from New Jersey to West Virginia, the Associated Press reported.
April 16, 2007BusinessGovernment
Group May Pull Out of N.Y. Port Deal
The Ontario Teachers Pension Plan may abandon a proposed takeover of a big New York port terminal because of a fee dispute with the port authority, the Toronto Globe and Mail newspaper reported Monday.
April 16, 2007BusinessEquipment
Eaton’s 1Q Profit Improves
Vehicle parts manufacturer Eaton Corp. said Monday that its first-quarter net earnings were $234 million or $1.56 a share, up from $208 million or $1.36 a year ago.
April 16, 2007BusinessGovernment
N.Y. State Factory Index Rises
Manufacturing growth in New York state rose this month but remained near a two-year low, the Federal Reserve Bank of New York said Monday.
April 16, 2007BusinessGovernment
Retail Sales Rise 0.7%
Retail sales rose 0.7% in March, the biggest jump in three months, the Commerce Department said Monday.
April 16, 2007BusinessGovernmentSafety
EPA Should Delay OBD Rule, Groups Say
April 16, 2007
GovernmentBusinessFuel
Maersk to Boost Fuel Surcharge
A.P. Moeller-Maersk, the world’s largest ocean shipping line, is boosting its North America to Europe rates due to higher fuel costs, Bloomberg reported Monday.
April 16, 2007BusinessFuelAutonomous
Bankruptcies Increase as Freight Declines
Trucking company failures jumped in the first quarter of 2007, and industry observers warned of tougher times ahead because of an uncertain economy, weak freight loads and rising fuel costs.
April 16, 2007