BRIEFCASE.Byline: -- Staff and Wire Services Gas prices sink to lowest in year WASHINGTON -- The price of gasoline has fallen to its lowest level of the year. The federal Energy Information Administration said Monday that U.S. motorists paid $2.226 a gallon on average for regular grade last week, a decrease of 3.5 cents from the previous week. 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. and Long Beach, drivers paid $2.55 for regular on average Monday, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Auto Club of 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, . Pump prices are now 50 cents lower than a year ago and have plummeted by more than 80 cents a gallon since the start of August. The previous 2006 low for gasoline was set in the first week of January, when pump prices averaged $2.238. Gasoline can be found for less than $2 a gallon in many parts of the country. Mattel earnings top expectations Mattel Inc., the largest toy maker in the world, said Monday that third-quarter earnings rose 6 percent to top Wall Street's expectations, lifted by strong sales of Fisher-Price products such as TMX TMX Translation Memory eXchange TMX Trimix (mixture of oxygen, helium and nitrogen used by divers) TMX Tandem Mirror Experiment TMx Time Management System TMX Transparent Matrix (switch; Hekimian) Elmo, ``Cars'' branded items and girls' brands such as Polly Pocket and Pixel Chix Pixel Chix are interactive electronic games based on teenage girls, fashion and so forth. They are very similar to Tamagotchi in that they have an LCD screen and controlling buttons, although they are larger. . The El Segundo-based company also said robust third-quarter sales could portend por·tend tr.v. por·tend·ed, por·tend·ing, por·tends 1. To serve as an omen or a warning of; presage: black clouds that portend a storm. 2. a good holiday season. Mattel's shares rose nearly 3 percent in Monday trading. Mattel net income grew to $239 million, or 62 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. , from $225.3 million, or 55 cents per share, a year ago. UnitedHealth CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. to leave MINNEAPOLIS -- Faced with an independent report that found widespread problems with the way UnitedHealth Group Inc. issued stock options, the nation's second-largest health insurer said its chairman and CEO will leave the company. The company said Sunday that chairman and CEO William McGuire will leave the board immediately and leave the company no later than Dec. 1. Board member William G. Spears will resign, and General Counsel David J. Lubben will retire. Strike showdown looms for airline MINNEAPOLIS -- A bankruptcy judge ruled Monday that Mesaba Aviation Inc. can reject its union contracts with workers, a legal step toward a showdown that could result in a strike this week at the Northwest Airlines Corp. feeder. Judge Gregory Kishel's ruling said Mesaba can impose terms at 12:01 a.m. Wednesday, the day after he's scheduled to hear the airline's request for an injunction against a strike. Mesaba has said it will impose terms on its 1,140 pilots, mechanics and flight attendants if given the legal right to do so. Unions have said they will strike rather than accept the proposed work rule changes and pay cuts. Mesaba funnels passengers to Northwest's hubs in Minneapolis, Detroit and Memphis, Tenn., from nearly 100 cities in America and Canada. It's the only air carrier serving some of those cities. |
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