Industrial output plunges, second big drop in 2 months The nation's industrial output plunged in April, reflecting big cutbacks in autos and other manufacturing industries. The Federal Reserve reported Thursday that industrial production dropped 0.7 percent last month, more than double the decline that economists had expected. 15 May 2008
612.
Ahead of the Bell: Diana Shipping advances Shares of drybulk ship owner Diana Shipping Inc. rose in premarket trading Thursday after the company posted stronger-than-expected first-quarter results and boosted its dividend. 15 May 2008
613.
Industrial output plunges in April The nation's industrial output plunged in April, reflecting big cutbacks in autos and other manufacturing industries. The Federal Reserve reported Thursday that industrial production dropped 0.7 percent last month, more than double the decline that economists had expected. 15 May 2008
614.
US Industrial production declined more than expected in April Industrial production posted a sharper than expected decline in April on the back of a steep decline on manufacturing output, capacity utilization also declined, according to data released by the US Federal Reserve. 15 May 2008
615.
KHD Humboldt Wedag 1Q profit falls on charge Hong Kong-based plant engineering and equipment supply firm KHD Humboldt Wedag International Ltd. said Thursday its first-quarter earnings fell 12 percent, as soaring sales were countered by a hefty charge related to a weakening U.S. dollar. 15 May 2008
616.
Boone Pickens project buys 667 GE wind turbines A renewable energy company founded by billionaire T. Boone Pickens says it's buying 667 wind turbines from General Electric. The longtime oilman's company, Mesa Power, plans to use the turbines to start what it expects will be the world's largest wind energy project. The Pampa Wind Project will be located in Texas. 15 May 2008
617.
McGrath RentCorp gets new $350M credit line McGrath RentCorp, which rents and sells modular buildings, said Thursday it reached an agreement to open a new $350 million credit facility. The new five-year credit line replaces the company's existing $190 million line of credit. 15 May 2008
618.
Ahead of the Bell: General Electric After media reports indicated General Electric Co. plans to auction off its appliances business, analysts Thursday said the sale "may be just the beginning" of larger changes at GE. 15 May 2008
619.
Stock futures higher ahead of economic reports, earnings Wall Street looked to extend its advance Thursday ahead of government data on industrial production, housing and jobless claims that might deliver more insight about the economy's direction. 15 May 2008
620.
Ahead of the Bell: Cbiz speaks to analysts A sagging U.S. economy may end up having grave implications for Cbiz Inc., which provides payroll and services to smaller businesses, according to one analyst. 15 May 2008