Business news briefs: Local gas prices higher than national average

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Local gas prices higher than national average

The price of gasoline in Western Pennsylvania was stable this week at $3.86 per gallon, which is still higher than the national average of $ 3.80, according to Prices in the area this week were 38 cents higher than one year ago.

UnitedHealth to buy majority in Brazilian firm

UnitedHealth Group Inc. said Monday it will spend about $4.9 billion to buy a majority stake in Brazilian health benefits and care provider Amil Participacoes SA. UnitedHealth, based in Minnetonka, Minn., had revenue of $101.9 billion last year. Its shares rose 0.82 percent to $57.60 in trading Monday.

Navistar shares rise after proxy fight averted

Navistar International Corp., the truck maker trying to end losses, saw its share rise after it averted a proxy fight with investor Carl Icahn by agreeing to accept three new directors. Navistar rose 7.54 percent to $22.81 Monday. The Lisle, Ill.-based company added Vincent Intrieri, an Icahn representative, and investor Mark Rachesky as directors. Navistar said it agreed to add a third director to be designated and agreed upon by Icahn and Mr. Rachesky and their affiliates. The new directors will stand for election next year.

Assemblers of iPhones protest again in China

Foxconn Technology Group, the assembler of Apple Inc. iPhones, had to stop production for the second time in as many weeks after factory-line workers at one of its plants in China protested against increased pressure. The employees, who work as many as 12 hours a day, say the difficulties of meeting Apple's demands for quality and abuse from guards set off the latest incidents.

GM to hire up to 1,500 at center near Detroit

General Motors plans to hire up to 1,500 workers to staff a new computer technology center outside Detroit. The carmaker plans to hire 10,000 people at four new technology centers in the next three to five years.

Marathon to pay BP $598 million for refinery

BP has finally found a buyer for its Texas City refinery. Marathon Petroleum Corp. will pay $598 million for the refinery itself and other nearby pipelines and fuel terminals. It will pay $1.2 billion for the plant's inventory of oil and petroleum products. BP has been trying to sell assets to help cover costs associated with the 2010 Deepwater Horizon explosion and oil spill. In trading Monday, Marathon shares jumped 5.56 percent to $57.92. BP shares were basically flat at $42.26.

YouTube adds channels with content from Europe

YouTube is extending its original programming initiative into Europe, with at least 60 new video channels from media companies including Britain's BBC. The Google Inc.-owned video site said Monday the new channels, with content from Britain, Germany, France and the United States, will be in addition to the 100 channels launched in the U.S. last year.



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