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Wholesale Inventories Rise 0.8%

Wholesale inventories rose 0.8% in May, the Commerce Department said Tuesday.

July 8, 2008

Oil Drops $5 to $136 a Barrel; Declines $9 in Two Trading Days

Oil prices fell more than $5 Tuesday to close near $136 a barrel, as the U.S. dollar continued to strengthen and fears of a supply shortage faded, the Associated Press reported.

July 8, 2008

Navistar Raises Prices on International Brand Trucks

Citing high commodity prices, Navistar International Corp. said late Tuesday it is raising prices on its International brand trucks, effective immediately.

July 9, 2008

Pa. Lawmaker Says Turnpike Lease Deal Is Dead

A key Pennsylvania state lawmaker said that a plan backed by Gov. Ed Rendell to lease the Pennsylvania Turnpike is essentially dead, the Associated Press reported.

July 8, 2008

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, 2008

Appeals Court Rejects Greenhouse Gas Lawsuit

A federal appeals court in Washington rejected a petition by Massachusetts and 17 other states attempting to force a quick decision from the U.S. Environmental Protection Agency on how to regulate greenhouse gases.

July 3, 2008

Employment Index Declines, Conference Board Says

An employment trends index declined in June, the New York-based Conference Board said Monday.

July 7, 2008

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, 2008

Oil Dips Following Record High

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, 2008

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, 2008