Crude oil fell from a record high of more than $135 a barrel Thursday, as a Congressional panel grilled oil executives for a second day in Washington, Bloomberg reported.
May 22, 2008Search
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Bridgestone Buys Stake in Japanese Tire Maker
Tire maker Bridgestone Corp. will take an 8.7% in Japan’s Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.
May 21, 2008UPS Moving Asia Air Hub to China
UPS Inc. said Wednesday it is moving its primary intra-Asia air hub to southern China, from the Philippines, to save money and reduce transit times across Asia.
May 21, 2008Memorial Day Weekend Travel to Drop, AAA Says
The number of Americans traveling by automobile more than 50 miles will fall by 1% Memorial Day weekend, the first such drop in six years, the motorist group AAA said.
May 22, 2008Fed Minutes Show ‘Close Call’ on April Rate Cut
Federal Reserve officials viewed the decision to cut the benchmark interest rate last month as a close call, according to minutes of the meeting released Wednesday.
May 21, 2008ATA Urges Congressional Action on Drug, Alcohol Testing
American Trucking Associations Wednesday called on Congress to help the trucking industry to improve highway safety by supporting efforts to enhance drug and alcohol testing for the nation’s 3.4 million truck drivers.
May 21, 2008Fed Grant Ending ATA’s Highway Watch Program
The Department of °®¶¹´«Ã½land Security has awarded a $15.5 million trucking security grant to an Alexandria, Va., firm, effectively ending American Trucking Associations’ four-year-long Highway Watch program.
May 21, 2008DHS Sets $844 Million in Security Grants for Ports, Infrastructure
The Department of °®¶¹´«Ã½land Security said it is awarding more than $844 million in grants to protect U.S. ports and infrastructure.
May 21, 2008House Passes Bill Allowing OPEC Suit
The House overwhelmingly approved legislation that would allow Justice to sue OPEC members for limiting oil supplies and setting prices, but the White House threatened a veto, Reuters reported.
May 20, 2008Crude Tops $129; Bush Signs SPR Bill Into Law
Oil prices rose to a new record high Tuesday, moving past $129 a barrel for the first time in intraday trading, the Associated Press reported.
May 20, 2008