WASHINGTON — Congress is getting tougher on both borrowers and lenders blamed for inflating a housing bubble that, when it popped, plunged the nation into a severe recession two years ago.
DALLAS — John R. McManama, 57, has been elected to the position of Senior Vice President and Chief Financial Officer for Frozen Food Express Industries Inc., effective May 19. McManama previously assumed the role of vice president and interim CFO on Nov. 6, 2009.
SAN MATEO, Calif. — Trucking company Con-way Inc. says its public offering of 4.3 million shares of its common stock at $35 per share raised roughly $143.7 million in net proceeds.
COLUMBUS, Ind. — Net orders for heavy-duty Class 8 commercial vehicles increased 91 percent in April 2010 compared to the same month last year, according to the market analysts at ACT Research Co.
WARRENVILLE, Ill. — Navistar Inc. has received an order from Boyd Bros. Transportation Inc. for 325 International ProStar+ tractors equipped with EPA 2010 Advanced EGR (exhaust gas recirculation) MaxxForce 13 engines, the truck maker reports.
WASHINGTON — The number of people filing new claims for unemployment benefits unexpectedly rose last week by the largest amount in three months. The surge is evidence of how volatile the job market remains, even as the economy grows.