Crude oil futures fell for a third straight day Tuesday, slipping briefly below $100 a barrel before closing at $100.98 on the New York Mercantile Exchange, Bloomberg reported.
April 1, 2008BusinessGovernment
Bernanke Warns of Possible Recession
Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the U.S. economy may contract in the first half of this year, saying a recession was possible, the Associated Press reported.
April 2, 2008BusinessGovernment
Congress Grills Oil Executives on High Prices
A congressional panel questioned the huge profits of oil companies, as prices soared to records, the Washington Post reported Wednesday.
April 2, 2008GovernmentBusinessSafety
Road Safe America Backs ATA in Call for Speed Governors
Safety advocacy group Road Safe America said it supports an effort by American Trucking Associations in urging the federal government to order the use of speed governors on heavy-duty trucks.
April 2, 2008BusinessSafety
Railroad Accident Reports Now Available Online
The Federal Railroad Administration said it is making its investigation reports of major train accidents and other incidents available online for the first time.
April 2, 2008Business
U.S. Auto Sales Fall 12% in March
U.S. automobile sales plunged 12% in March, the 10th downturn in the past 12 months, Bloomberg reported.
April 2, 2008Business
U.S. Auto Sales Fall 12% in March
U.S. automobile sales plunged 12% in March, the 10th downturn in the past 12 months, Bloomberg reported.
April 2, 2008Business
TravelCenters of America Reports 4Q Loss
Truck stop chain TravelCenters of America reported a net loss for the fourth quarter compared with a year earlier.
April 2, 2008GovernmentBusinessSafety
NYC Council Passes Congestion-Fee Measure
The New York City Council approved a proposal to charge drivers 鈥渃ongestion fees鈥 in central Manhattan for the busiest times of the day, the New York Times reported Tuesday.
April 1, 2008GovernmentBusinessSafetyFuel
Truckers Stage Some Slowdowns Over Diesel Prices
Truckers slowed to as low as 20 miles per hour on the New Jersey Turnpike on Tuesday, clogging the roadway as part of a nationwide protest against surging diesel fuel prices, Bloomberg reported.
April 1, 2008