*Libya oil production rises to 500,000 barrels per day. SINGAPORE, July 25- Brent crude held steady above $107 a barrel on Friday, on track to end the week flat as tensions in oil producing regions supported prices against weak demand and plentiful supplies.» Read More
LONDON-- He's taken heat for talking about moving from France to Belgium to avoid high taxes _ and now he's raising eyebrows with an honor from the British Queen. Bernard Arnault, the luxury goods chief who is France's wealthiest man, is set to receive an honorary knighthood in Britain.
SAN DIEGO-- Optimer Pharmaceuticals Inc. said Monday it is selling its remaining stake in its Taiwanese affiliate Optimer Biotechnology for $60 million. Optimer Pharmaceuticals plans to use the proceeds from the sale to fund marketing of its drug Dificid and for other general corporate purposes.
Citi Research analyst P.J. Juvekar said that could lead to more U.S. natural gas being exported to Mexico. Natural gas futures fell 2 cents to $3.38 per 1,000 cubic feet in morning trading Monday. That could affect North American producers like CF Industries Holdings Inc. and Agrium Inc..
DALLAS-- American Airlines parent AMR Corp. said Monday that a key revenue measure rose 4 percent in September although traffic declined as the carrier struggled with widespread flight delays and cancellations. American's improvement in the revenue statistic beat the results of several other large U.S. airlines.
DENVER-- A Denver brewery is offering a new beer with a kick. The Wynkoop Brewing Co. on Monday will begin offering customers a Rocky Mountain Oyster Stout, but it doesn't contain shellfish. Rocky Mountain oysters are a delicate delicacy made from bull testicles.
BETHESDA, Md.-- Lockheed Martin is reorganizing a portion of its business and cutting about 200 jobs. Lockheed Martin Corp. previously announced that Marillyn Hewson, who currently leads the electronic systems division, will become president and chief operating officer on Jan. 1. Kubasik will become the CEO of Lockheed Martin at the start of the new year.
DEARBORN, Mich.-- AAA Michigan says gasoline prices have risen roughly 3 cents during the past week to a statewide average of about $3.91 per gallon. Of the Michigan cities it surveys, AAA Michigan said the cheapest price for self-serve unleaded fuel is in the Marquette area, where it's about $3.76 a gallon.
AUGUSTA, Maine-- There's a little good news at the pump for Maine motorists as the average retail price of a gallon of gasoline in the state has fallen more than two cents. Price-monitoring website MaineGasPrices.com reports Monday that gas dropped to $3.93 per gallon in Maine in the past week.
CHICAGO-- The city of Chicago has big plans for the walkway along the Chicago River. Emanuel calls the Chicago River the city's second shoreline. Emanuel says he's charged the Chicago Department of Transportation with finding creative ways to finance construction of the last six blocks of the walkway.
ATLANTA-- After a spike in crashes involving farm equipment last year, Georgia agriculture and highway safety officials are continuing an effort aimed at reducing such wrecks.
CARSON CITY, Nev.-- Nevada has launched a new website to help empower the state's youth in their job searches. The site is available at http://www.NevadaYouth.org and includes tips on resumes, cover letters and interviews. Brian Sandoval says Nevada's future depends on preparing youth, and is encouraging parents and teens to explore the site's resources.
COLUMBUS, Ohio-- Gas prices have inched up just slightly this week in Ohio. The average price for a gallon of regular gas in the state was $3.76 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. This time last year, the Ohio average was $3.26.
TOPEKA, Kan.-- Kansas regulators are considering whether they need new rules for providers of promotional tours to three state-owned casinos. The state Racing and Gaming Commission has scheduled a hearing Friday on the issue. The commission regulates the companies that operate casinos for the Kansas Lottery in Dodge City, Mulvane and Kansas City, Kan..
JEFFERSON CITY, Mo.-- Missouri transportation officials say ridership on Amtrak passenger trains in the state has grown by 74 percent over five years. The state transportation department says more than 192,000 passengers rode Amtrak in Missouri during the fiscal year that ended June 30. Amtrak trains make two round trips daily between Kansas City and St. Louis.
INDIANAPOLIS-- A Dow Chemical Co. business said Monday that it has bought a California seed company. Indianapolis- based Dow AgroSciences, a subsidiary of Midland, Mich.- based Dow Chemical, works on making crops more productive. Dow Chemical slipped 22 cents to $28.98, a down day for the market.
ADDIS ABABA, Ethiopia-- Two weekly newspapers that have been critical of Ethiopia's ruling party have stopped publication because of government obstruction, the papers' publishers said Monday. The group says its paper was forced off market after featuring critical articles on the legacy of Ethiopia's late leader Meles Zenawi, who died Aug. 20.
MADAWASKA, Maine-- Communities in the St. John Valley region of far northern Maine are getting $250,000 in grant funding to expand development and tourism opportunities. The Northern Border Regional Commission grant will be used to expand recreational facilities in Madawaska, St. Agatha and Frenchville.