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U.S. gas prices holding steady as summer fades

U.S. gas prices holding steady as summer fades

Business
Aug. 15 (UPI) -- U.S. retail gasoline prices are holding relatively stable, with analysts offering competing perspectives on the trend ahead as the demand-heavy summer wanes.Motor club AAA reports a national average price for a gallon of regular unleaded gasoline at $ 2.35, relatively unchanged from last week, but more than 9 cents higher than one month ago.By region, the West Coast remains the most expensive market in the country. California is still holding just below $ 3 per gallon, though it still has the highest state average for the Lower 48. AAA in its weekly retail market report said gasoline inventories remain low for the region and demand pressures are on pace to increase because the path of totality for Monday's eclipse runs through several West Coast states.That tourist draw on...
USS John C. Stennis departs for sea trials early after overhaul

USS John C. Stennis departs for sea trials early after overhaul

Business
Aug. 14 (UPI) -- The USS John C. Stennis aircraft carrier is underway for sea trials sooner than expected following a 6-month overhaul and upgrade at Puget Sound Naval Shipyard in Bremerton, Wash.The ship has departed three days ahead of schedule despite the Stennis having a much larger overhaul then is normal for a carrier refit."Overall, the work package was 140 percent above the normal amount for a CVN-class carrier availability," Cmdr. Ken Holland, John C. Stennis' chief engineer and availability coordinator, said in a press release."But with shipyard and ship's force coming together, we were able to overcome obstacles as a team and work together every day to complete the task we needed to, becoming more efficient and ultimately resulting in us arriving at this point ahead of schedule....
Pay growth to stay weak, says forecast

Pay growth to stay weak, says forecast

Business
Pressure on incomes looks set to continue, with pay rises forecast at 1% over the next year, a survey predicts.Despite falling unemployment, wage growth is weak because the supply of labour has also gone up, says the Chartered Institute of Personnel and Development (CIPD).The CIPD said for every low-skilled job, there were 24 applicants. There were also 19 candidates for every medium-skilled job and eight for every high-skilled vacancy.The CIPD's quarterly Labour Market Survey of employers, carried out in association with the Adecco Group, said the workforce had been boosted by more workers from other EU countries, as well as by older workers and former welfare claimants.Pay rises 'modest'The report's author, Gerwyn Davies, who is senior labour market adviser at the CIPD, said pay had been...
Philip Hammond and Liam Fox in post-Brexit deal call

Philip Hammond and Liam Fox in post-Brexit deal call

Business
The UK will need a transition period to help businesses adjust after Brexit, the chancellor and the international trade secretary have said. In a joint Sunday Telegraph article, Philip Hammond and Liam Fox stressed any deal would not be indefinite or a "back door" to staying in the EU.Their comments are being seen as an attempt to show unity between rival sides in Theresa May's cabinet.The Liberal Democrats said Mr Hammond had "been brought back in line"."What this is about is getting Philip Hammond back on track with a hard Brexit program," Tom Brake, the party's foreign affairs spokesman, said. "What we don't know from this letter is exactly how this is going to work. It's also not clear how long the transition period is going to be."The letter comes as ministers start to set out their d...
Leonardo receives $58M for tactical vehicle computers

Leonardo receives $58M for tactical vehicle computers

Business
Aug. 11 (UPI) -- Leonardo DRS is receiving more than $ 58 million in new orders from the U.S. Army for the Mounted Family of Computer Systems for tactical vehicles.The contract will provide the Army with dismountable tablets, processor units, and ruggedized touchscreen displays. The production will be performed in Melborne, Fla."We have been able to significantly increase the computing power, storage and mission flexibility of the platform computer, while simultaneously improving performance in all areas of size, weight, power and cost," Jerry Hathaway, vice president of DRS Land Electronics business at Leonardo, said in a press release.The MFoCS is a modular series of networked computers designed for field use with ruggedized components. The have their own encryption systems included. Eac...