Sunday, January 21, 2018
Business
Daimler posts $482 million Q4 net loss, disappoints markets

Daimler posts $482 million Q4 net loss, disappoints markets

STUTTGART, Germany — German car and truck maker Daimler AG lost €352 million ($482 million) in the fourth quarter amid the global economic slump, contributing to a larger-than-expected loss on the year and sending shares down sharply.

YRC stockholders approve change related to notes

YRC stockholders approve change related to notes

OVERLAND PARK, Kan. — YRC Worldwide Inc. said Wednesday that shareholders approved steps to help the financially troubled trucking company complete the private sale of $70 million in convertible notes.

Fed: Unemployment will stay high over next 2 years

Fed: Unemployment will stay high over next 2 years

WASHINGTON — The Federal Reserve expects unemployment will stay high over the next two years because recession-scarred Americans are likely to stay cautious, making for only a moderate-paced economic recovery.

Good news: Housing construction up 2.8 percent in January

Good news: Housing construction up 2.8 percent in January

WASHINGTON — Housing construction, a flatbed trucking staple, posted a better-than-expected increase in January which pushed activity to the highest level in six months. The solid gain raised hopes that the construction industry is beginning to mount a sustained rebound from its worst slump in decades.

January spot freight up 54 percent from a year ago

January spot freight up 54 percent from a year ago

PORTLAND, Ore. — Freight availability in January rose by 54 percent on the North American spot market compared to January 2009 according to the TransCore North America Freight Index. This marked the fourth consecutive month of improvement on a year-over-year basis.

Biden: U.S. got 'money's worth' from stimulus act

Biden: U.S. got 'money's worth' from stimulus act

WASHINGTON — Vice President Joe Biden asserted in an interview Wednesday that taxpayers have "gotten their money's worth" out of the $787 billion stimulus program that Congress passed during the depths of the recession.

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