Global Partners subsidiary to build Bangor CNG station

Global Partners LP said today its subsidiary, Global CNG LLC, has received approval from the Bangor Planning Board to develop and operate a compressed natural gas loading station in Bangor, Maine. When construction of the station at Maine Avenue and...

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Mass. gas prices fall 9 cents per gallon

BOSTON — The price of a gallon of gas in Massachusetts has plummeted 9 cents in the past week. AAA Southern New England reports Monday that self-serve, regular is now down to an average of $3.47 per gallon, a nickel below the national average. The...

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AP sees slight revenue decline in 2012

NEW YORK — The Associated Press said Monday that its revenue declined slightly in 2012 because U.S. elections and the Olympics drew less interest than expected, but it was largely successful in replacing lost revenue with increased sales of video and...

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J.C. Penney draws $850M from revolving credit line

NEW YORK — J.C. Penney Co. said it has drawn $850 million from its $1.85 billion revolving credit line, a sign that the flailing department store chain is in a cash crunch after a disastrous turnaround plan launched early last year. The Plano, Texas-based...

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Gold tanks to 2-year low as China weighs on stocks

LONDON — Weaker-than-expected Chinese economic growth figures weighed on markets Monday as the price of gold slid another $100 to hit a two-year low amid concerns that a 12-year bull run for the commodity has come to an end. Though Chinese government...

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Draghi urges leaders to solve euro's core problems

AMSTERDAM — European Central Bank head Mario Draghi said Monday that while the bank had averted financial "panic" in the euro union, it was still up to politicians to solve the region's core problems of strengthening the banking system and improving...

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Paris' Crillon hotel to sell furniture, bathrobes

PARIS — One of Paris' most elegant hotels is selling off everything from its front desk to the bathrobes that snuggled the rich and famous. The Hotel de Crillon on the French capital's Place de la Concorde has welcomed stars and heads of state for more...

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Dish Network offering to buy Sprint in $25.5B deal

NEW YORK — Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel Corp. away from its Japanese suitor in recognition of the way satellite dishes are losing their relevance in the age of cellphones that play YouTube videos. Dish offered...

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Citigroup execs sound a cautious note

NEW YORK — Citigroup isn't convinced the economy is back. The bank's executives were more cautious than celebratory Monday, even after announcing strong first-quarter results. Citigroup's investment bank advised more companies on mergers and acquisitions;...

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Stocks sink in midday trading; gold plunges

NEW YORK — A steep fall in commodity prices pulled down energy and mining stocks for a second day on Monday. Gold plunged below $1,400 an ounce for the first time in two years as a sell-off in metals continued from last week. Oil prices hit their lowest...

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