Best Money

NEW YORK: Shortly after Robert Nardelli was deposed as chief executive of Home Depot, several of the biggest U.S. buyout firms welcomed the company’s new leader, Frank Blake, with a tantalizing proposal, according to people briefed on the matter. They would consider buying the retailer’s $12 billion wholesale supply business, which Wall Street thought was a poor fit for a home improvement chain, removing a liability from the Nardelli era and allowing Blake to focus on Home Depot’s...

Truckers crossing border must send data

WASHINGTON (AP) - Truckers crossing the Mexico-U.S. border into California, New Mexico and Texas will be required to send electronically information about their cargo to customs officials effective Thursday.

U.S. Customs and Border Protection, part of the Department of Homeland Security, said Wednesday truckers will be required to submit cargo information through the agency’s electronic truck manifest system.

Those electronic manifests were already required, effective in January, for Arizona, six Canadian border crossings in North Dakota and all of Washington state, according to the customs agency.

The electronic records are designed to give customs officers the ability to perform early screening on trucks and provide more time to inspect suspicious cargo.

Truckers who do not comply will receive notices from the government. If they don’t use the electronic records system within 60 days, they could receive penalties of up to $10,000 or be denied permission to enter the U.S., the government said.

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