Business

Home Depot Tops Expectations Again

ATLANTA — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline.

August 15, 2023
Government, Business, Logistics

Postal Service Reduces Air Cargo by 90% Over Two Years

WASHINGTON — The U.S. Postal Service has reduced its volume of shipments by aircraft by 90% over two years, putting the service on course to save $1 billion in annual transportation costs.

August 9, 2023
Government, Business, Fuel

Saudi Arabia Extends Oil Production Cut Through September

DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.

August 3, 2023
Business, Fuel

BP Profits Are Cut in Half to $2.6 Billion

LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first quarter as oil and natural gas prices have fallen.

August 1, 2023
Government, Business, Technology, Safety

NHTSA Investigates Tesla Steering Control Complaints

The National Highway Traffic Safety Administration is looking into a dozen complaints about loss of steering control or loss of power steering in Tesla 2023 Models 3 and Y electric vehicles.

August 1, 2023
Business, Fuel

Shell Earnings Top $5 Billion in Q2

LONDON — Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year.

July 27, 2023
Business, Technology, Equipment

Stellantis Profits Soar 37% in First Half of Year

MILAN — Stellantis on July 26 reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe.

July 26, 2023
Government, Business

Retail Sales Up 0.2% in June

NEW YORK — Americans increased their spending in June as inflation eased in many areas, and the job market remained remarkably strong.

July 18, 2023
Government, Business, Safety

No Hazards Reported as Freight Train Derails in Pennsylvania

WHITEMARSH TOWNSHIP, Pa. — A freight train derailment in Pennsylvania early July 17 spurred precautionary evacuations, but officials said there was no known hazard to the public.

July 17, 2023

Teamsters Ask Biden Not to Intervene if UPS Workers Strike

NEW YORK — The head of the Teamsters said July 16 that he has asked the White House not to intervene if unionized UPS workers end up going on strike.

July 17, 2023