Home construction sinks to lowest level since Oct.
WASHINGTON — Home construction plunged last month to the lowest level since October as the economy remained weak and demand for housing plummeted.
Heartland Express 2Q profit falls but revenue up
NORTH LIBERTY, Iowa — Truckload carrier Heartland Express Inc. said Monday its second-quarter earnings fell 5 percent as it booked lower interest income and paid more in taxes, but results topped expectations as the company said keeping trucks off the roads has helped pricing amid weak demand.
Judge rules Arrow Trucking violated labor law
TULSA, Okla. — Former employees of bankrupt Arrow Trucking Co. will be allowed to file wage claims after a bankruptcy judge ruled the company violated federal law.
Homebuilders less confident in housing market
WASHINGTON — Homebuilders’ confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing.
Brake maker closing plant in SE Kansas
IOLA, Kan. — About 160 jobs will be lost in southeast Kansas when a factory that makaes parts for commercial vehicle brakes is closed later this year.
Economists say recovery continues, but pace slows
NEW YORK — Economists say the U.S. recovery continued during the second quarter of this year with more businesses hiring workers and fewer cutting jobs, but the pace of growth has slowed, a new survey shows.