Business Headlines

CSX expects double-digit demand declines in 3Q

Railroad operator CSX says it expects shipping demand to sink by double-digits again this quarter, but not as drastically as the second-quarter, signaling possible but still far-off signs of an economic recovery.

SEC head outlines enforcement, other changes

The Securities and Exchange Commission has been revamping itself, buttressing enforcement efforts and taking a series of initiatives to protect investors in the wake of the financial crisis and massive Madoff fraud, the agency's chairman said Tuesday.

Business inventories dip more than expected in May

Businesses slashed inventories more than expected in May, the ninth consecutive decline, as companies continued to trim stockpiles amid a severe recession.