Weyerhaeuser’s news release offers a surprise It was almost a throwaway line, a mere 13-word half-sentence buried in a news release about another subject entirely.
A few weeks ago, Pasquale Castaldo was waiting at the Dallas-Fort Worth airport for a delayed flight, when a man sitting across from him pulled out an Amazon Kindle book-reading device.
Southwest Airlines Co. lost its bid to buy low-fare Frontier Airlines Holdings Inc. in a bankruptcy auction after an impasse between the carriers’ pilots over seniority.
Cutting inventory and other costs helped J.C. Penney Co. post a smaller loss for the second quarter than Wall Street expected, but the moderate-price department store chain expects sales to stay sluggish as consumers grapple with economic worries.
U.S. consumer prices were flat in July as energy costs retreated. Over the past 12 months, prices dropped the most in nearly six decades as the recession and lower energy costs kept a lid on inflation.
Asian automakers have increased their share of sales under the $3 billion Cash for Clunkers auto rebate program, according to data released Friday by the federal government.