Business News

Business US gas prices up 11 cents over past 2 weeks US gas prices up 11 cents over past 2 weeks
The Lundberg Survey of fuel prices released Sunday says the price of a gallon of regular is $3.66. Midgrade costs an average of $3.84 a gallon, and premium is $3.98.
Business AP CEO calls records seizure unconstitutional (New) AP CEO calls records seizure unconstitutional
Gary Pruitt, in his first television interviews since it was revealed the Justice Department subpoenaed phone records of AP reporters and editors, said the move already has had a chilling effect on journalism.
Business Silicon Valley-area hub becomes factory town Silicon Valley-area hub becomes factory town
Fremont, Calif., a nondescript suburb of 217,000 tucked in the high-tech region between San Francisco and the Silicon Valley is where something unique is happening: manufacturing.
Business California unemployment rate drops to 9 percent
California's unemployment rate has fallen to its lowest level in 4 1/2 years as the state experienced one of the sharpest drops in joblessness nationwide, the state Employment Development Department reported Friday.
Business Source: Maloofs reach agreement to sell Kings Source: Maloofs reach agreement to sell Kings
A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group headed by software tycoon Vivek Ranadive to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million.
Business Rising consumer demands aids organic industry sway Rising consumer demands aids organic industry sway
Tensions between conventional and organic agriculture boiled over this week during a late-night House Agriculture Committee debate on farm legislation that for decades has propped up traditional crops and largely ignored organics.
Business Judge to hear lawsuit over high-speed rail bonds
State officials on Thursday agreed to drop a request to consolidate all lawsuits challenging California's use of voter-approved high-speed rail bonds, allowing a trial seeking to prevent the state from spending bond money to begin later this month.
Business Unemployment falls in 40 US states, rises in 3 Unemployment falls in 40 US states, rises in 3
Solid hiring helped lower unemployment rates in 40 U.S. states last month, the most since November. The declines show the job market is improving throughout most of the country.
Business California fuels Powerball $550 million jackpot California fuels Powerball $550 million jackpot
The numbers sum up the frenzy that has taken over the Golden State since it became the newest in the nation to join the madness over Powerball, which saw its jackpot soar Thursday to $550 million.
Business Gauge of US economy's future health up in April Gauge of US economy's future health up in April
Steady job gains and a recovering housing market are driving the economy and helping offset deep federal spending cuts that threaten growth, Conference Board economist says.
Business Ticketmaster settles rewards lawsuit for $23M Ticketmaster settles rewards lawsuit for $23M
About 1.12 million people are eligible to file a claim. They signed up for the rewards program after buying a ticket at Ticketmaster.com between September 2004 and June 2009.
Business Nordstrom 1st quarter net income slips Nordstrom 1st quarter net income slips
Nordstrom Inc. said Thursday its first-quarter net income fell 3 percent, hurt by weak demand for spring merchandise and softer performance in the Northeast and Midwest.