BRIEFCASE GAS PRICES DOWN FOR EIGHTH WEEK.Byline: - From staff and wire reports Gasoline prices fell throughout Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and Nevada for the eighth consecutive week, hitting an average of $1.32 per gallon for self-serve regular in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , the Auto Club reported Friday. ``Beginning the week of September 8th to the end of October, California's gasoline refiners produced 11.3 percent less product in an effort to stop the free fall of gas prices,'' said Auto Club spokesman Jeffrey Spring. ``Despite that effort, prices continue to fall. This is great news for motorists who will travel for the Thanksgiving holiday.'' Lockheed, Boeing in talks on fighter FORT WORTH, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. - Officials of Lockheed Martin For the former company, see . Lockheed Martin (NYSE: LMT) is a leading multinational aerospace manufacturer and advanced technology company formed in 1995 by the merger of Lockheed Corporation with Martin Marietta. Corp. and Boeing Co. met Friday to discuss sharing work on the joint strike fighter A strike fighter is a fighter aircraft which is also capable of attacking surface targets, including ships. It differs from an attack aircraft in that the aircraft remains a capable fighter. , potentially the largest ever U.S. military contract. Lockheed and Boeing released a joint statement after the meeting saying the companies ``now have a much better understanding of each other's business considerations'' and have agreed to meet again at an undetermined date. Two weeks ago, the Pentagon announced it had picked Lockheed over Boeing to develop the new plane. The production phase of the work could be worth $200 billion, based on a projected order of 3,000 planes. Lockheed's main subcontractors are Northrop Grumman Corp. and UK-based BAE Systems. Final assembly would be done at Lockheed's aeronautics division in Fort Worth. GMC GMC See: Guaranteed Mortgage Certificate announces recall of its SUVs DETROIT - General Motors Corp. said Friday it is recalling 86,312 2002 Chevrolet TrailBlazer and GMC Envoy sport utility vehicles This page lists sports utility vehicles currently in production (as of April 2007), as well as past models. The list includes crossover SUVs, Mini SUVs, Compact SUVs and other similar vehicles. for a problem that could cause the gear shift lever to suddenly move out of park. The shift collar on some of the vehicles was not machined according to specifications, GM spokesman Michael Morrissey said. Of the vehicles being recalled, 969 were included in a September recall for a similar problem with the shift collar. This latest recall involves all four-wheel drive TrailBlazers and Envoys built between Jan. 16 and Aug. 24. Heinz backs off earnings forecast PITTSBURGH - H.J. Heinz Co. lowered its earnings forecasts, citing the economic slowdown and a decline in restaurant dining in the wake of the Sept. 11 attacks and higher-than-expected foreign supply costs. Its shares fell nearly 7 percent in trading Friday. Heinz said late Thursday that it expects earnings between 59 cents and 60 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. for its recently completed second quarter rather than its earlier projection of between 64 cents and 66 cents per share. Analysts surveyed by Thomson Financial/First Call had been expecting 66 cents per share. |
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