As part of a plan to expand its truck operations in Asia, DaimlerChrysler AG said Friday it has agreed to pay $1.14 billion for stakes in the truck divisions of Mitsubishi Motors Corp. and Hyundai Motor Co., Bloomberg reported.

The Federal Reserve Bank of Philadelphia’s general economic index rose to 2.3 in September, recovering form August’s reading of –3.1.

The Organization of Petroleum Exporting Countries agreed at its Osaka, Japan meeting Thursday to leave production limits at their current 11-year low, Bloomberg reported.

U.S. consumer prices, led by rises in the prices for clothing, tobacco and energy, recorded in August the largest gain since April, the Department of Labor said Wednesday.

The shutdown of Interstate 75 in South Florida's Alligator Alley has caused fleets in the state to scramble to find a way around the closed road.

U.S. retail sales rose 0.8% during the month of August, spurred on by sales of automobiles, furniture and construction material, while the producer price index remained unchanged, government departments reported Friday.

A day before the anniversary of the terrorist attacks, the U.S. government on Tuesday raised its nationwide terrorist threat level to "orange," the second highest condition of possible threat.

The number of Americans purchasing newly constructed homes in July rose 6.7%, to a record 1.017 million annual rate, the Commerce Department said Monday. Sales of existing homes also surged 4.5% to a rate of 5.33 million, the National Association of Realtors reported.

Manufacturing activity in the Philadelphia-area contracted in August, for the first time since December, lending more fuel to fears that the stalled recovery is turning into a double-dip recession, Bloomberg reported.

William D. Zollars, chairman and president of Yellow Corp., told financial news channel CNBC, Friday that, after improvements in tonnage and freight shipments during the second quarter, business has "flattened in the last six weeks."