Business Digest


REGION

Dominion East Ohio to raise gas price Jan. 19

CLEVELAND — Dominion East Ohio said its price for natural gas will rise to $7.21 per thousand cubic feet beginning Jan. 19. That will be an increase of $1.33 per thousand cubic feet over the current price. Despite the increase, the price is under the January 2009 price, which was $8.47.

The price applies to Standard Service Offer customers who have not selected a third-party supplier or who are not part of a government aggregation program.

NATION

New Continental CEO ties salary to profits

DALLAS — The new CEO of Continental Airlines Inc. says he will refuse to accept his $730,000 salary or annual bonus until the company makes a full-year profit.

Jeffery A. Smisek, who became CEO on Friday after Lawrence Kellner stepped down to join a private-equity firm, told employees of his pledge Monday.

Continental, the nation’s fourth-largest airline by traffic, lost $367 million in the first nine months of last year.

From Vindicator staff and wire reports