An investment group has pulled out of a planned $12.8 billion, 75-year lease of the Pennsylvania Turnpike, citing inaction by state legislators, the Associated Press reported.
September 30, 2008Business
Private Equity Firm Takes 47.5% Stake in Pilot
Private equity firm CVC Capital Partners will acquire a 47.5% interest in Pilot Travel Centers forming an equal governance partnership with parent company Pilot Corp., the companies said.
October 1, 2008BusinessSafetyGovernment
ISM Manufacturing Index Contracts in September
U.S. manufacturing contracted in September at the fastest pace since the last recession, the Institute for Supply Management said Wednesday.
October 1, 2008GovernmentBusiness
Construction Spending Unchanged in August
Construction spending held steady in August, the Commerce Department said Wednesday.
October 1, 2008BusinessSafetyGovernment
Wyoming Lowering Speed Limit on Stretch of I-80 for Winter
The Wyoming Department of Transportation plans to impose a speed limit of 65 mph on a 52-mile stretch of Interstate 80 between Laramie and Rawlins for six months, starting Oct. 15, the Associated Press reported.
October 1, 2008BusinessSafetyGovernment
NAFTA Surface Trade Jumps 15.9%
Surface trade among the United States, Canada and Mexico jumped 15.9% in July from the same month a year ago, the Department of Transportation said Tuesday.
September 30, 2008FuelBusinessLogisticsGovernment
Diesel Gains 0.1垄 to $3.959; Oil Falls Below $100 a Barrel
Diesel fuel鈥檚 national average price rose 0.1 cent to $3.959 a gallon, its first increase in 11 weeks, the Department of Energy said Monday.
September 30, 2008BusinessGovernment
Consumer Confidence Improves in September
U.S. consumer confidence improved in September, according to the latest Reuters/University of Michigan monthly consumer sentiment index, released Tuesday.
September 30, 2008BusinessLogisticsGovernment
Chicago Manufacturing Index Slows
Manufacturing activity in the Chicago region grew in September, the National Association of Purchasing Management said Tuesday.
September 30, 2008Business
Volvo to Trim European Truck Production
Volvo AB, the world鈥檚 second-largest truckmaker, will cut about 1,400 jobs at factories in Belgium and Sweden because of a slowdown in European demand, the company said Tuesday.
September 30, 2008