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The Commerce Department said companies trimmed orders for manufactured goods in February, suggesting that businesses were limiting spending. Meanwhile the Labor Department said fewer people applied for unemployment benefits last week, indicating that employers could be expanding their work forces.

Benchmark crude prices fluctuated as traders digested the news, rising as high as $106.69 a barrel before dropping back. The contract for May delivery fell 15 cents to settle at $105.60 per barrel on the New York Mercantile Exchange.

Prices have jumped 24 percent since the middle of February, when rebellion broke out in Libya and eventually squeezed off production that supplied nearly 2 percent of the world’s oil.


FedEx orders 4 Boeing 777s

CHICAGO | Boeing Co. says cargo hauler FedEx has ordered four more of its 777s.

The order would be worth almost $1.08 billion at list prices for the freighter version, although discounts are common.

Boeing had previously shown the orders as for an unidentified customer. FedEx now has 17 of the planes on order.

Freighters are a big part of Boeing’s airplane business. Last week, Korean Air ordered two more 747-8 freighters, worth a total of $639 million at list prices.


Walgreen to buy retailer

NEW YORK | Drugstore operator Walgreen Co. said Thursday it will spend about $429 million to buy online retailer in a deal that gives it access to 3 million online customers.

The largest U.S. drugstore operator will give shareholders $3.80 in cash for each share of stock — more than double the $1.79 closing price of’s stock on Wednesday. In afternoon trading Thursday, the stock jumped $1.98 to $3.77.

The acquisition will add about 60,000 products to Walgreen’s online offerings, and the Deerfield, Ill., company said it will significantly speed up its online strategy. is one of the largest online health and beauty retailers, and Walgreen has said those products are an important part of its strategy.’s websites include, and Despite its name, it does not have a pharmacy business, as it sold that division in July 2010.

From wire dispatches and staff reports