• Gas prices soar in California as supply shrinks

    Updated: 17 hr ago

    LONG BEACH, Calif. (AP) — Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest. Average retail gas prices in the state have surged 25...

  • Jury: Billionaire looted mining firm; trial eyed huge home

    Updated: 17 hr ago

    NEW YORK (AP) — Billionaire Ira Rennert plundered a now-bankrupt mining company to pay for personal luxuries, jurors found Friday after a trial that spotlighted one of the world's biggest private homes. A Manhattan federal jury levied $118 million in damages against Rennert and his...

  • Business Highlights

    Updated: 18 hr ago

    ___ As tastes change, big food makers try hipster guises HUNTINGTON BEACH, Calif. (AP) — At a taco shop in Southern California, milkshakes are served in mason jars and a chalkboard menu lists "The 1%er" made with lobster meat. The logo is a pink skull and instead of buzzers,...

  • Uber says database containing driver info was breached

    Updated: 18 hr ago

    NEW YORK (AP) — Uber says a database containing the names and drivers' license numbers of 50,000 of its drivers was breached in May. The ride-sharing service says it has notified the drivers and hasn't received any reports of the information being misused. Uber says it will offer a...

  • Obama pitches privacy bill, Democrats say it falls short

    Updated: 18 hr ago

    WASHINGTON (AP) — Amid "rapid growth" in the collection of data on Americans, the White House on Friday proposed legislation that calls on businesses to do more to help consumers protect their personal information. The draft bill, first obtained by The Associated Press, gives a nod to...

  • J.C. Penney and Gap are big market movers

    Updated: 19 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE J.C. Penney Co., down 62 cents to $8.50 The department store operator reported a surprise fourth-quarter loss amid increasing expenses and a...

  • 5 reasons US economy is stronger than Q4 GDP suggests

    Updated: 19 hr ago

    WASHINGTON (AP) — The U.S. economy grew at a modest annual rate of 2.2 percent in the fourth quarter, less than half the third quarter's torrid 5 percent rate and weaker than the government first reported. While the sharp slowdown seems troubling on the surface, economists say it's...

  • Former AIG CEO Robert Benmosche dies of cancer at 70

    Updated: 19 hr ago

    NEW YORK (AP) — Former AIG President and CEO Robert Benmosche, who led the insurer's turnaround after its $182 billion government bailout, has died of lung cancer at age 70, the company announced Friday. The company says Benmosche died Friday morning at NYU Langone Medical Center....

  • Racing might return to New England's last thoroughbred track

    Updated: 19 hr ago

    BOSTON (AP) — New England's last remaining thoroughbred horse racing track might continue to hold live races after all. Months after its owners said they would stop hosting races after the 2014 season, Suffolk Downs and the New England Horsemen's Benevolent and Protective Association...

  • Toronto-bound jet with smoke in cabin lands in Pennsylvania

    Updated: 19 hr ago

    JOHNSTOWN, Pa. (AP) — A Toronto-bound jet with 35 people aboard has made an emergency landing in Pennsylvania over smoke from a shorted-out cabin light. Air Canada Express Flight 7316 landed safely at around noon Friday at Johnstown-Cambria County Airport, about 70 miles east of...

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