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Thu, May 15 2008 

Business

Stay abreast of today's happenings of the business world.

Supervisors give up quest for Prime Outlet money

Springfield Township Supervisors decided – not unanimously – to relinquish their efforts to claim $700,000 paid more than a decade ago by outlet mall developer Prime Retail and accept a $75,000 donation from Prime.....more>>

  • By serving smaller markets, Allegiant Air is flying high
    Soaring fuel prices caused most airlines to lose money last quarter, but Allegiant Travel’s unusual business model helped it earn almost $10 million.

  • Winner Institute closing due to dwindling class size
    The Winner Institute of Arts & Sciences will be serving up its last batch of students this summer.

  • Train shop closing, business chugs on
    After 27 years in business, owner Charlie Siegel is closing Train City’s doors for good at the end of the month to relocate. It’s anything but a sign-of-the-times hard-luck story.

  • Winners get tourism honor

    Gov. Ed Rendell has inducted James E. Winner Jr. and his wife Donna into the Keystone Society for Tourism, the highest honor the commonwealth presents to leaders in the tourism industry.

  • Oil continues its surge, pushing gas prices higher
    Oil rose above $126 a barrel for the first time Friday, bringing its advance this week to nearly $10, as investors questioned whether a possible confrontation between the U.S. and Venezuela could cut exports from the OPEC member.

  • Amusement park CEO expects a good summer
    Amusement parks and water parks aren’t likely to see a drop off in visitors this summer despite surging gas prices and the struggling economy, the head of North America’s third-largest park operator said Wednesday.

  • Stocks retreat as oil prices continue to creep higher
    Wall Street tumbled Wednesday as the price of a barrel of oil soared to a record near $124 and touched off concerns that the stock market’s recent gains might have been premature while consumers grapple with rising energy and food costs.

  • Forecast of higher prices prompts investors to buy oil
    Oil futures blasted to a record near $123 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages.

  • Oil prices pass $120 a barrel
    Oil futures surged to a record over $120 a barrel Monday, raising concerns about higher prices for gasoline and goods and services throughout the economy.

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