Business News

Business U.S. wholesale prices drop 0.3 percent in December U.S. wholesale prices drop 0.3 percent in December
U.S. wholesale prices fell in December by the largest amount in more than three years, reflecting the biggest monthly decline in the cost of gasoline in six years.
Business Study: Half of California's new wells involve fracking
California is the country's No. 3 oil-producing state, with most coming from aging fields in the Central Valley's Kern County. Fracking entails forcing fluid, sand and chemicals underground to break rock formations and extract oil and gas from tough oil reservoirs that defy more conventional drilling techniques.
Business Holiday shopping hiccup: U.S. retail sales fell in December Holiday shopping hiccup: U.S. retail sales fell in December
Americans actually cut back last month after ramping up spending in November, perplexing analysts who had expected strong retail sales in December in light of rising job growth and sinking gas prices.
Business Fed survey finds moderate economic growth Fed survey finds moderate economic growth
The U.S. economy was growing at a moderate pace in December and early January, helped by gains in sales of autos and other consumer products, increased factory production and a pickup in tourism in various parts of the country, the Federal Reserve reported Wednesday.
Business Drivers about to get new lane on Hwy 58 Drivers about to get new lane on Hwy 58 (Video)
Even though they were supposed to be done with the State Route 58 Gap Closure Project by 2015, Luis Topete of the Thomas Roads Improvement Program thinks drivers should be optimistic.