Fuel prices continue to fall in Snohomish County, dipping to $3.96 a gallon for regular unleaded as of Tuesday, according to AAA. That average price is down 38 cents from a month ago. Diesel fuel now is just below $4.55 a gallon after nearly touching $5 last month. Compared with last year, however, prices still are high: a gallon of regular unleaded sold then for less than $2.80 locally.
Nasdaq warns Bothell’s Lumera
Lumera Corp. of Bothell has received a letter from the Nasdaq Stock Market, warning that the company’s stock is out of compliance with that market’s trading requirements. Shares of Lumera, which closed Tuesday at 57 cents, have closed below $1 for at least a month now. Lumera has 180 days to come back into compliance, although its merger with a California firm is expected to close before that.
Hockey arena seeks workers
Comcast arena in downtown Everett is looking to hire an estimated 100 people for the Silvertips hockey season. Arena operators Global Spectrum and partners Clean Event and Centerplate are looking for ushers, ticket takers, supervisors, security officers, av operators, facility workers, caterers, concessionaires, dishwashers, prep and lead cooks, servers, bartenders and table clearers. Check comcastarena everett.com and look for the employment section or call 425-322-2600.
GM discounts offered to all
General Motors Corp. said Tuesday it will extend employee discounts to everyone on almost all of its 2008 and some of its 2009 models as it seeks to clear its remaining inventory of 2008 vehicles. The Detroit automaker said it will offer employee prices on all 2008 vehicles except its medium-duty trucks. Employee discounts generally are 10 percent but vary by model.
Shopper cutbacks hurt most retailers
Both affluent shoppers and bargain-hunters are pulling back, and that’s hurting retailers and raising more concerns about how they’ll do the rest of the year. The latest round of second-quarter reports shows more signs of financial stress on shoppers, as Target’s customers stick to necessities and have trouble making their credit card payments. Falling gas prices have helped but are not enough.
HP quarterly profits increase 14 percent
Hewlett-Packard Co.’s fiscal third-quarter profit jumped 14 percent, beating Wall Street’s expectations, as strong laptop sales and a robust international presence lifted the technology bellwether. The Palo Alto-based company’s results, reported after the market closed Tuesday, signaled that HP is still holding its ground as the world’s No. 1 seller of personal computers even with stronger competition from Dell Inc. and Apple Inc. and aggressive price cuts. HP said it earned $2.03 billion, or 80 cents per share, in the latest period, up from $1.78 billion, or 66 cents per share, a year earlier.
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