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LOCAL BUSINESS

07/03/2009

Average fuel prices fall across Texas
The weekly AAA Texas gasoline price survey released Thursday shows the average price of regular unleaded self-serve fell by four cents this week to $2.49 per gallon.

4 million baby floats recalled
The U.S. Consumer Product Safety Commission said Thursday that Aqua-Leisure Industries would recall about 4 million floating baby pool toys that pose a drowning risk.  The commission said consumers should immediately stop using the floats.

* Why auto industry is key to economic recovery
Through bailouts and bankruptcy, defenders of the failing U.S. auto industry say it supports one in ten American jobs. There's some debate about that but few experts believe this recession will end, until cars start selling again.

07/02/2009

Jobless rate rises to 9.5 percent
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent. Workers also saw weekly wages fall, suggesting Americans will have little appetite to spend and the economy’s road to recovery will be bumpy.

Cribs recalled for suffocation risk
About 400,000 Simplicity drop side cribs are being recalled for posing a suffocation or entrapment hazard.  The Consumer Product Safety Commission says the crib’s hardware can break or deform, allowing the drop side to detach.

* 07/01/2009

Despite drought, Houston's water system collects less money
The less rain that falls from the sky, the more money the city of Houston makes by selling water. It is a rule of thumb that the city has lived by in rainy seasons and dry ones, but it does not appear to be true this year; At least not yet.

HEB voluntarily recalls beef products
HEB has issued a recall for some beef products just as a precaution.

Reliant Energy helps some customers cut electric bills
The company announced it is lowering its rates for customers on month-to-month flex plans.

* 06/30/2009

Texas customers have the power to cut their energy bills
Houston has just posted its seventh consecutive day of 100 degree or higher temperatures. The relentless heat has air conditioners working overtime and Houstonians dreading their power bill.  

Exelon delays plan for Texas nuclear plant
Power generator Exelon Corp. said Tuesday it has called off plans for now to build a new nuclear plant in Texas because of worries over the economy and the limited availability of federal loan guarantees.

* Some Houston lawyers getting paid not to work during recession
How would you like to get paid not to work?  Thanks to the money crunch, some of the best and the brightest new lawyers are getting hired by law firms and paid, but told not to report to work just yet.

Jobless rates up in all US metro areas in May
Unemployment rates rose in all the largest U.S. metropolitan areas in May for the fifth straight month, and are likely to keep marching higher this year, a potential obstacle to a hoped-for economic recovery.

06/29/2009

DOJ opposes antitrust immunity for Continental
The Justice Department opposes Continental Airlines Inc.’s broad request for antitrust immunity to work more closely with United Airlines and other carriers on international service.

Exxon to pay millions in interest on Valdez oil spill damages
Oil giant Exxon Mobil Corp. has decided not to appeal hundreds of millions of dollars in interest on punitive damages resulting from the 1989 Exxon Valdez oil spill.

* 11/01/2008

Foreclosure tour bus rolls into Houston
A tour bus more commonly found in California, Florida, Arizona—the states with the highest number of foreclosures—is in Houston now. Real estate broker Kevin Riles bought the foreclosure tour bus and almost every week is offering a new tour.

10/29/2008

Why repairs on blown-off roofs may not last
Hurricane Ike peeled off hundreds of roofs as it made landfall on Sept. 13. Now, more than a month later, that's revealing the ugly side of how some homes in Houston were built and how they're now being repaired.    

10/27/2008

Houston job postings up a month after Ike
If you’re worried about keeping your job, who could blame you? The current economic crisis has everyone concerned, but state records show Houston’s job market is actually doing better than it was before Ike hit our area.

10/14/2008

Selling old coins could mean big bucks
With the current economic slump, many people trying to save money for retirement are looking for ways to make some new income. And what about looking at your spare change?

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