A measure of the prices businesses receive for their goods and services advanced 0.1% from April to May. (WSJ)
The U.S. slashed its forecast for corn production this year by 9% from the May forecast. (WSJ)
China’s auto sales fell 16.4% in May in the 11th straight monthly decline. (WSJ)
BP PLC says U.S. oil and gas production in 2018 logged the largest annual increase on record by any country. (WSJ)
China’s Huawei Technologies Co. canceled the launch of a new laptop due to restrictions on buying U.S. components. (WSJ)
U.S. tech startups are rejecting Chinese venture-capital investments amid rising trade tensions. (WSJ)
Activist investor William Ackman wants United Technologies Corp. to call off its planned merger with Raytheon Co. (WSJ)
A former government official says India’s economy has grown far less quickly than official figures indicate. (WSJ)
Investors are looking to build landing facilities for people-carrying drones. (WSJ)
Problems with inventory management for the U.S. Air Force’s F-35 fighter jet have led to unexpected groundings of the aircraft. (Defense News)
Combined imports into the ports of Los Angeles and Long Beach fell 6.3% last month. (Los Angeles Business Journal)
Ship broker Braemar says container lines have sharply increased their scrapping of vessels. (Shipping Watch)
Shipping association BIMCO says the dry-bulk shipping fleet will grow faster than demand through next year. (Lloyd’s List)
German cargo-management company Leisure Cargo has begun insolvency proceedings. (The Loadstar)
Home Depot Inc. is opening an 800,000-square-foot distribution center in Plant City, Fla. (FOX13)
Autonomous trucking start-up Starsky Robotics is recruiting drivers for its fleet of human-driven trucks. (Commercial Carrier Journal)
Buyout firm MBK Partners Ltd. may sell Chinese freight forwarder Apex Logistics Group for as much as $1 billion. (Bloomberg)
German shoemaker Nat-2 has developed a sneaker made from spoiled milk. (Sourcing Journal)
|