Gas prices in Ohio rise about 12 cents

Gas prices in Ohio rise about 12 cents

columbus

Gasoline prices in Ohio have jumped about 12 cents since last week, with prices reaching as high as $4.16.

The average price for regular gas is $3.91 a gallon in Monday’s survey from auto club AAA, the Oil Price Information Service and Wright Express. Last Monday’s average was $3.79.

Ohio drivers were paying about $3.55 this time last year, 36 cents less than the current average.

Nationwide gasoline prices have jumped to an average of $3.90 per gallon, about 6 cents more than February.

Ohio’s NetJets details China joint venture

columbus

NetJets Inc., a company that specializes in private aviation, said Monday that its planned joint venture in China will include a group of Chinese investors led by Hony Jinsi Investment Management (Beijing) Ltd. and Fung Investments.

The joint venture, named NetJets China Business Aviation Ltd., will be based in Zhuhai. NetJets said it signed a memorandum of understanding in August 2011 with the Zuhai Aviation Industry Park.

NetJets, which is based in Columbus, is a Berkshire Hathaway company.

Contracts for homes dip in US in February

washington

The number of Americans who signed contracts to buy U.S. homes dipped in February from nearly a two-year high, a mixed signal ahead of the spring home-buying season.

The National Association of Realtors said Monday that its index of sales agreements declined 0.5 percent last month to a reading of 96.5. January’s reading of 97 was the highest since April 2010, the last month buyers could qualify for a federal home-buying tax credit.

A reading of 100 or higher is considered healthy. April 2010 was also the last time it was that high.

Facebook attorneys seek suit’s dismissal

buffalo, n.y.

Attorneys for Facebook sought the dismissal Monday of what they called an “opportunistic and fraudulent” lawsuit by a New York man claiming half- ownership of the social- networking site.

The attorneys asserted that Paul Ceglia, of Wellsville, had forged documents, fabricated emails and destroyed evidence, and said he had waited too long — six years — to file it and the statute of limitations had expired. Ceglia’s attorneys say their client deserves his day in court.

In his 2010 lawsuit, Ceglia claimed that a 2003 contract he and Facebook founder Mark Zuckerberg signed entitled Ceglia to 50 percent of Facebook, which launched the following year.

BMW issues recall

frankfurt, germany

BMW AG is recalling 1.3 million 5- and 6-series cars from the 2003 to 2010 model years. The company says that in rare cases, a battery cable covering in the trunk was incorrectly installed. The defect could prevent the car from starting and in extreme cases could lead to a fire.

Vindicator wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 22.31 .19

Avalon Holdings,5.00.47

Clear Channel, .77 72.75 2.85

Cortland Bancorp, 8.10.25

Farmers Nat., .126.15 —.07

First Energy, 2.20, 45.06.34

FirstMerit Corp., .64,17.19 .32

First Niles Financial, .32,8.25.00

First Place Fin., .79.02

FNB Corp., .48,12.34.15

General Motors,25.58.41

General Electric, .68,20.05.27

Motors Liquidation, .0422.00

Huntington Bank, .16, 6.41.115

JP Morgan Chase, 1.00,46.171.01

Key Corp, .12,8.47.11

LaFarge, 11.89 .22

Macy’s, .80, 40.44.60

Parker Hannifin, 1.56, 86.971.34

PNC, 1.40,63.99.63

RTI Intl. Metals,22.80.27

Simon Prop. Grp.,3.80,144.54.92

Stoneridge 10.66 .66

United Community Fin. 2.09.07

Selected prices at 4 p.m. Monday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.