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Navistar Sells RV Business, Drops eStar Van as Part of Its Turnaround Plan
Updated: 5/17/2013
Navistar Inc. announced that it has sold parts of its recreational vehicle business to Allied Specialty Vehicles, a leading producer of RVs as well as fire and emergency and commercial and industrial vehicles to worldwide markets.
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Housing Starts Fall to Five-Month Low; Building Permits Increase
Updated: 5/17/2013
Housing starts fell to a five-month low in April, while building permits jumped to the highest level in almost five years, the Commerce Department said.
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GM to Source New Chevrolet City Express Cargo Van From Nissan
Updated: 5/16/2013
General Motors and Nissan have signed an agreement where Nissan will build a small cargo vehicle that GM will sell in the U.S and Canada.
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U.S. Jobless Claims Jump to Six-Week High
Updated: 5/16/2013
Initial jobless claims climbed by 32,000 to a seasonally adjusted 360,000 in the week ended May 11. Economists surveyed by MarketWatch had expected claims to rise to 330,000 from a revised 328,000 in the prior week.
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Wholesale Prices in U.S. Decrease by Most in Three Years
Updated: 5/16/2013
Wholesale prices in the U.S. dropped in April by the most in three years, reflecting a decrease in fuel costs that is helping underpin profits.
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Medium and Heavy Truck Sales Up 15% in April
Updated: 5/14/2013
Medium and heavy truck sales were up 15% in April over the same period a year ago and up 5% from the previous month, according to figures compiled by WardsAuto.com.
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Oil Price Falls to Near $95 a Barrel as Rising Dollar Puts Pressure on Commodities Like Crude
Updated: 5/13/2013
The price of oil fell to near $95 a barrel, reflecting the recent strengthening of the dollar against the yen and other major currencies.
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Jobless Claims in U.S. Unexpectedly Fall to Five-Year Low
Updated: 5/10/2013
The number of Americans filing claims for jobless benefits unexpectedly dropped last week to the lowest level in more than five years, a signal employers are confident enough in the economic outlook to hold onto workers.
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Wholesale Inventories Up 0.4% in March
Updated: 5/10/2013
Wholesale businesses stepped up their restocking of supplies in March, but sales fell sharply.
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Gasoline Ticks Up for First Time in Two Months
Updated: 5/6/2013
Gasoline rose for the first time in two months, ticking up less than a penny in the past two weeks to $3.54 a gallon, according to the latest Lundberg survey of filling stations.
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