Business news digest

NATION

Gasoline prices in Ohio average about $2.01

COLUMBUS — Rising oil prices have helped to push Ohio gas prices up 4 cents in the last week, back above the $2 mark.

A survey from AAA, the Oil Price Information Service and Wright Express shows the statewide average for a gallon of regular is now about $2.01, up from $1.97 last Monday.

Gas remains much cheaper than it was a year ago, when Ohioans paid an average $3.29 for regular.

Circuit City looks to sell brand to Systemax Inc.

RICHMOND, Va. — Circuit City Stores Inc. hopes to sell its brand, trademarks and e-commerce business to Systemax Inc., the same company that purchased electronics retailer CompUSA’s intellectual property when it closed in 2008.

Richmond-based Circuit City, also a shuttered electronics retailer, has entered a so-called stalking horse agreement with Systemax for $6.5 million, according to bankruptcy court filings. A stalking horse bid is an initial offer for a bankrupt company’s assets from an interested buyer chosen by the company.

Associated Press