| Hornish set for double duty at Bristol
With four NASCAR Sprint Cup races under his belt this season, Defiance native Sam Hornish Jr. will do double duty this weekend. In his first trip to the famed Bristol Motor Speedway, Hornish will jump into the seat of the No. 12 Penske Truck Rental Dodge Charger on Saturday to compete in his first Nationwide Series event of the year before taking part in the Sprint Cup event on Sunday. Hornish, who has driven in 11 Nationwide (formerly Busch Series) events is excited about taking to the .533-mile oval for the Sharpie Mini 300. "This will be my first NASCAR Nationwide Series race at Bristol Motor Speedway," said Hornish, who has an average finish of 39th in his three short-track appearances in the Nationwide Series. "I'm very excited to run both races this weekend, because the extra seat time will be an invaluable experience for me." Hornish was busy earlier this week gaining additional experience by testing his Nationwide ride at Virginia International Raceway.
Penske Truck Leasing Celebrated Grand Opening of $7.6 Million State-of ...
READING, Pa., Nov. 1 /PRNewswire/ -- Today, Penske Truck Leasing celebrated the grand opening of a new facility in Portland, Ore., located on 4110 NW Saint Helens Rd. The 14,000-square-foot state-of-the-art facility, employing 27 associates, offers commercial and consumer truck rental services, full-service truck leasing and contract maintenance. About 50 leasing customers are serviced from this five-acre location and over 400 vehicles are maintained on-site. The one-story building incorporates Penske Truck Leasing's new facility design elements, features state-of-the-art technology and is designed to enhance the customer experience. Penske continues its expansion efforts across North America. A new wireless technology component allows Penske service technicians to integrate various vehicle diagnostic and repair software.
Wall Street's joy subsides
Wall Street's euphoria over the Federal Reserve's latest move to cure the credit crunch turned to caution Wednesday, leading stocks to retreat a day after their biggest rally in more than five years.
The Fed's plan announced Tuesday to lend $200 billion in Treasury securities -- and accept mortgage-backed securities as collateral -- was greeted by the stock market as an innovative way to bring relief to the tight credit markets. But investors were hesitant Wednesday to pour more money into stocks without signs that the central bank's move would help turn around the economy.
"Does it address the main concern, and that's weaker housing? That has not been resolved just yet," said Steven Goldman, chief market strategist at Weeden & Co. "If we are in the midst of a recession, and only a couple months into the recession, we might need a couple more months to plod our way through this."
Volatile energy prices added to the market's anxiety.
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