Allison Reports Declines in 4Q Earnings, Sales

Indianapolis-based Allison Transmission Holdings Inc. is reporting net income of $182.3 million in 2015, down from $228.6 million the previous year. The company says lower demand in the global off-highway and defense end markets contributed to the decrease. Allison also reported fourth-quarter net income of $13 million, down from $50.5 million during the same period […]

99 cent gasoline may be on the way

(Feb. 9, 2016) -- "Domestic crude oil inventories reached their highest level for this time of year in nearly eight decades, and barring any major disruptions in supply, gas prices are likely to remain near their lowest price point since the Great Recession in the near term," AAA noted.