Crude oil saw its biggest gain of the month Wednesday on concern that Hurricane Dean could damage Gulf of Mexico platforms and on-shore refineries and pipelines, but the price rolled back in early trading Thursday, Bloomberg reported.
August 16, 2007BusinessLogistics
Smart Move Reports 2Q Loss
Logistics management firm Smart Move lost $2.5 million or 23 cents a share in the second quarter, compared with a loss of $3.4 million or 75 cents a year ago.
August 16, 2007Business
Jobless Claims Rise 6,000 for Week
Initial jobless claims rose 6,000 to 322,000 last week, the Labor Department said Thursday.
August 16, 2007BusinessSafetyGovernment
DOT Grants Would Boost Tolls
DOT Grants Would Boost TollsThe U.S. Department of Transportation issued grants to five metropolitan areas that will require or promote greater use of tolls to decrease congestion.
August 15, 2007GovernmentBusinessTechnologyEquipmentSafety
States to Delay Collecting SSRS Fees
States that participated in the Single State Registration System before its termination have agreed to postpone collecting fees until September, despite Congress’ extension of the program, officials said.
August 15, 2007Business
July Industrial Production Rises 0.3%
Industrial production rose 0.3% in July, the Federal Reserve said Wednesday.
August 15, 2007GovernmentBusinessSafety
Editorial: A Silver Lining in a Tragedy
If you could ever see a silver lining in a tragedy as disastrous as the collapse of that Interstate 35W bridge in Minneapolis, it’s that the catastrophe brought the lamentable state of our nation’s infrastructure to the forefront of everyone’s attention.
August 15, 2007BusinessSafetyGovernment
Virginia Re-Inspecting Bridges Following Minn. Collapse
The Virginia Department of Transportation will re-inspect 11 bridge structures across the state beginning Wednesday to ensure their safety in light of the recent bridge collapse in Minneapolis that killed at least nine people, the Associated Press reported.
August 15, 2007BusinessGovernment
Consumer Price Index Rises 0.1%
The consumer price index inched up 0.1% in July, the smallest gain this year, the Labor Department said Wednesday.
August 15, 2007BusinessGovernment
N.Y. State Manufacturing Index Slips
Manufacturing growth in New York state slipped in August, the Federal Reserve Bank of New York said Wednesday.
August 15, 2007