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Chrysler, GM Seek Billions More in Government Loans

General Motors Corp. and Chrysler have asked the U.S. government to more than double their combined $17.4 billion in loans to about $39 billion, the Associated Press reported.

February 18, 2009

Import Prices Fall for Sixth Straight Month

The price of goods imported to the United States fell for a sixth straight month in January on lower commodity costs, declining 1.1%, the Labor Department said Wednesday.

February 18, 2009

Goodyear Takes 4Q Loss, Will Cut 5,000 Jobs

Goodyear Tire & Rubber Co. said Wednesday it lost $330 million in the fourth quarter as sales slumped 7% and that it would cut almost 5,000 jobs.

February 18, 2009

National Retail Systems Deploys Clean Trucks to Calif. Ports

National Retail Systems has deployed 115 trucks to comply with the Clean Truck Program requirements set forth by the ports of Los Angeles and Long Beach, the company said Tuesday.

February 17, 2009

JDF Distribution to Use HighJump Software

JDF Distribution Solutions has agreed to use supply chain execution software provided by HighJump Software, the companies said.

February 16, 2009

GM, Chrysler Face Restructuring Deadline

General Motors Corp. and Chrysler LLC are unlikely to complete deals with debt holders and union workers by a government-imposed deadline on Tuesday, the Associated Press reported.

February 17, 2009

Sirius XM Avoids Bankruptcy

Sirius XM Radio avoided bankruptcy thanks to a $530 million loan from Liberty Media Corp., the Associated Press reported Tuesday.

February 17, 2009

Obama Signs $787 Billion Stimulus Measure Into Law

President Obama signed into law a nearly $800 billion package aimed at stimulating the U.S. economy that includes almost $30 billion for highway construction funding, the Associated Press reported.

February 17, 2009

Wal-Mart’s 4Q Earnings Decline

Retailer Wal-Mart Stores said Tuesday its fiscal fourth-quarter earnings fell 7.4%, while its full-year 2008 earnings rose 5.1%.

February 17, 2009

Hearing to Come on Calif. Emissions Waiver

The Environmental Protection Agency will hold a public hearing March 5 on a 2007 decision to deny California a waiver allowing the state to implement its own greenhouse gas emission standards for automobiles and light trucks.

February 17, 2009