Gas prices take slight downturn

The summer vacation season has started, and Southern California drivers have been greeted with lower gasoline prices to start the season.
According to the Automobile Club of Southern California’s Weekend Gas Watch, the average price of self-serve regular gasoline in the Los Angeles-Long Beach area is $3.006 per gallon, which is 2.4 cents less than last […]

Sinclair dinosaurs no longer walk the earth in St. Louis

Area dinosaur hunters are out of luck after the last of St. Louis’ green apatosauruses headed west this month.
The men looking for the creatures — and men, they invariably seem to be — aren’t paleontologists. They’re collectors of gas station memorabilia searching for their Holy Grail — fiberglass statues of the Sinclair Oil […]

Jobless claims match 19-month low

The number of Americans filing for unemployment insurance for the first time fell last week, matching the lowest level since August 2008, according to government data released Thursday.
There were 439,000 initial jobless claims filed in the week ended March 27, down 6,000 from an upwardly revised 445,000 the previous week, according to the Labor […]

Social Security choice: Benefit cuts or tax increases

Social Security provides a majority of the income for about two-thirds of Americans over age 65, but if you’re in your mid-50s or younger, it might be time to make alternative arrangements.
Experts don’t expect Social Security to disappear in the coming decades. But they’re concerned about the benefits that will be available for […]

Business booms during NCAA hoops

Dennis Brinkworth had a good weekend.
Make that a really good weekend.
Owning a bar/restaurant one block away from HSBC Arena helped. So did owning another in Allentown. Both were busier than usual between Thursday and Sunday thanks to first and second round play in the NCAA men's basketball tournament that were in town all weekend.
"You want […]

American Railcar Q4 profit rises 39%

American Railcar Industries saw its fourth-quarter profit rise 39 percent but booked less than half the revenue it saw in the prior year’s quarter as railcar shipments fell.
For the quarter ended Dec. 31, the company reported net earnings of $10.5 million, up from nearly $7.8 million in the fourth quarter of 2008. American Railcar said […]

Irked Wall Street hedges bet on Dems

WASHINGTON — If the Democratic Party has an stronghold on Wall Street, it is JPMorgan Chase.
Its chief executive, Jamie Dimon, is a friend of President Barack Obama’s from Chicago, a frequent White House guest and a big Democratic donor. Its vice chairman, William M. Daley, a former Clinton administration Cabinet official and […]

U.S. retailer targets Canada

The much-loved “cheap-chic” discount chain, Target Corp., referred to by fans as "Tar-Jay," says it has Canada in its sights as part of a future international expansion plan.
Like many U.S. retailers, Target is mulling a move outside its home market after sales and profits took a nosedive in the past year.
The announcement comes years after […]

GM wants aid from EU nations for restructuring

General Motors Co. on Monday asked European governments to help pay most of the $4.9 billion it needs to restructure its struggling European operations.
At talks in Brussels on Monday, EU nations where GM has plants vowed to avoid individual negotiations with the company before a Dec. 4 meeting, when they will coordinate […]

Fed’s Bullard says shrinking reserves key to exit

A senior Federal Reserve official said on Wednesday the U.S. central bank may start tightening financial conditions by adjusting its extensive asset purchase programs rather than raising interest rates.
“The market’s focus on interest rates is disappointing, given quantitative easing,” St. Louis Federal Reserve Bank President James Bullard said in a presentation to a group […]