U.S. import prices rose in August for the first time in five months as the cost of imported oil jumped, a factor that could weigh on American consumers and temporarily boost inflation. Import prices climbed 0.7 percent last month, the Labor Department said on Wednesday. The cost of petroleum imports increased 4.1 percent....
Wholesale inventories rise 0.7 percent in July * Inventories point to stronger start for 3rd-qtr GDP * Import prices up in August for first time in five months By Jason Lange WASHINGTON, Sept 12 (Reuters) - U.S. wholesale inventories in July rose by the most in five months, beating forecasts in a sign economic growth...
In a positive signal for Midwestern manufacturing, exhibitors hawking sophisticated production machinery at a massive McCormick Place trade show say they are attracting hordes of serious shoppers looking to streamline their factories. Companies demonstrating advanced metal-cutting machines, robotic production tools...
As well as doing vehicle assembly in Canada, the Detroit Three automakers produce auto parts that are shipped outside the country. The Canadian Auto Workers union has warned that it could strike Chrysler, Ford Motor Co and General Motors Co simultaneously if it cannot reach a new contract with at least one of them...
Pullman Co., a New Jersey-based maker of auto parts, and its Ohio-based Clevite products unit are being acquired by Connecticut-based Tenneco Inc. for about $300 million. Clevite will supply Deerfield-based Tenneco Automotive's Monroe Auto Parts unit.
