Thursday, April 26, 2018
Business
Goldman CEO, ‘Fabulous Fab’ facing Congress

Goldman CEO, ‘Fabulous Fab’ facing Congress

WASHINGTON — The CEO of Goldman Sachs and other executives from the Wall Street powerhouse are coming before Congress 10 days after the government accused the firm of fraud. The Senate panel hearing their testimony Tuesday alleges that Goldman used a strategy that allowed it profit from the housing meltdown and reap billions at the expense of clients.

Bell returns to Transportation Alliance Bank as president

Bell returns to Transportation Alliance Bank as president

OGDEN, Utah — Transportation Alliance Bank (TAB) has appointed Jeff H. Bell president of the Flying J Inc. subsidiary. Bell worked previously at Flying J and TAB and is returning after serving as the executive vice president of Stearns Financial Services, a division of Stearns Bank N.A. since May of 2003.

Old Dominion recognized for commitment to business ethics

Old Dominion recognized for commitment to business ethics

THOMASVILLE, N.C. — Old Dominion Freight Line Inc. reports that it received the Piedmont Business Ethics Award at the 10th Annual Piedmont Business Ethics Award Luncheon held in Greensboro, N.C. on April 20.

ACT: Trailer net orders continue to post strong gains

ACT: Trailer net orders continue to post strong gains

COLUMBUS, Ind. – March commercial trailer net orders were up 165 percent from March 2009, according to industry analyst ACT Research Co. Commercial trailer net orders have posted year-over year growth for six consecutive months, four of which have been in excess of 100 percent.

Volvo AB posts $236 million profit for first quarter

Volvo AB posts $236 million profit for first quarter

STOCKHOLM — Swedish truck maker AB Volvo on Friday posted a near $236 million net profit for the first quarter, significantly beating analyst forecasts through cost reductions and improved productivity in key units.

Arkansas Best 1Q loss widens on weak pricing

Arkansas Best 1Q loss widens on weak pricing

FORT SMITH, Ark. — Less-than-truckload carrier Arkansas Best Corp. on Friday reported a wider first-quarter loss due to still-weak freight levels, low pricing and higher costs.

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