WASHINGTON — Ten months into President Barack Obama's first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.
NEW YORK — Moody’s Investors Service said Friday it believes a recent debt-for-equity swap has reduced the possibility that trucking operator YRC Worldwide Inc. will default on its debt.
READING, Pa. — Penske Truck Leasing Friday announced it has entered into an agreement with the Bright family to acquire Bright Truck Leasing and Bright Distribution, providers of full-service truck leasing, truck rental, maintenance, and logistics operations. Financial terms were not disclosed.
WASHINGTON — Lack of confidence in the economic recovery led employers to shed a more-than-expected 85,000 jobs in December even as the unemployment rate held at 10 percent.