Top 3 air carriers boost fuel charge by $20 roundtrip
NEW YORK - The three biggest U.S. carriers said Thursday they have again raised ticket prices, this time...Full story »
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- Applications for unemployment benefits drop more than expected
- WASHINGTON - The number of newly laid off workers seeking... Full story»
- Oil jumps over $123 on drop in diesel, heating oil supplies
- NEW YORK - Oil futures extended their seemingly relentless... Full story»
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Business
Linens 'n Things store to close Brownsville location
BROWNSVILLE - Linens ‘n Things has announced plans to close its Brownsville store as part of a complete financial restructuring. That location is among 120 stores nationwide scheduled to close this year, according to company spokesman Rich Tauberman."We...
Oil nears $123 on $200 oil prediction, supply concerns
NEW YORK - Oil futures blasted to a new record near $123 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to...
Food inflation may double this year
Americans may be getting another helping of food inflation, and it seems likely to come from higher prices for chicken and pork.Overall food inflation could double this year, lifted by the rising costs of fuel, corn and soybeans, some analysts predict.Food...
Oil reaches record $120 a barrel; prices at pump expected to rise
NEW YORK - Oil futures surged to a new record over $120 a barrel Monday, raising concerns about higher prices for gasoline and goods and services throughout the economy. Retail gas prices fell more than a cent over the weekend, but oil's advance increased...
Smarter grid It will change the way we think about electricity
MILTON, Ontario - The glowing amber dot on a light switch in the entryway of George Tsapoitis' house offers a clue about the future of electricity.A few times this summer, when millions of air conditioners strain the Toronto region's power grid, that...
Breaking The Mold
MISSION - Briarwood Drive is a neat street.The street ventures into three cul-de-sacs and children wander on bicycles like a developer's brochure come to life.It is lined with brick homes, brick-clad mailboxes in front and small fenced yards in back.In...
Gas tax holiday may be a bad idea
NEW YORK - Sure, a gas-tax holiday seems like a good idea, at first. According to the presidential candidates touting it, it would yield cheaper gas, which in turn would produce less expensive packaging, food, etc.It's trickle down at its best ... until...
$16 million condo project planned for McAllen
McALLEN - A Mexican developer plans to break ground this month on a new $16 million condominium project in South McAllen near La Plaza Mall.The five-story residen-tial property off South 10th Street will target the growing number of affluent Mexican nationals...
Fed OKs plan to rein in unfair, deceptive credit cards
WASHINGTON - The Federal Reserve and other regulators initiated steps Friday to end "unfair and deceptive" credit card industry practices assailing consumers who are already struggling to cope in a bad economy. The proposed rules would be the biggest...
Gas prices slip for first time in weeks, may be near top
NEW YORK - Retail gas prices fell slightly Friday - the first time in 18 days they haven't risen to a new record - and analysts say pump prices may be peaking for the year. Oil futures, meanwhile, soared after Turkish airstrikes on Kurdish rebel bases...
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