Ohio gas prices rise

Ohio gas prices rise

columbus

After dropping to around the $3 mark, prices at the pump in Ohio are back up to start the week.

The average Monday morning was $3.24 for a gallon of regular gas in the survey from auto club AAA, the Oil Price Information Service and WEX Inc. That’s a dime higher than at this time last week. The Ohio average is 13 cents higher than a month ago, but 13 cents lower than a year ago.

The national average Monday was $3.26, down a penny from last week.

8 states are seeking anti-pollution action

concord, n.h.

Eight Northeast and Mid-Atlantic states petitioned the federal government Monday to require nine upwind states to cut down air- pollution emissions.

The petition is aimed at Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, Tennessee, Virginia and West Virginia. It seeks a reduction in emissions carried by prevailing winds that contribute to the formation of ozone in the downwind states.

States filing the petition are Connecticut, Delaware, Maryland, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.

The petition seeks what it says are long-overdue commitments from the upwind states to protect the health of downwind residents and to level the playing field for businesses.

US household wealth reaches high of $77T

WASHINGTON

A surging stock market and a steady recovery in home prices drove Americans’ wealth to a record last summer.

The nation’s wealth rose 2.6 percent from July through September to $77.3 trillion, the Federal Reserve said Monday.

Household wealth has been rising gradually since bottoming at $57.2 trillion in 2008. Early this year, America finally regained all the wealth it had lost to the Great Recession.

Household wealth, or net worth, reflects the value of homes, stocks, bank accounts and other assets minus mortgages, credit cards and other debts.

Sysco to buy US Foods for $3.5B

HOUSTON

One of the largest food-supply companies is buying one of its key rivals, creating an even larger, global distribution company.

Sysco is buying privately held US Foods for about $3.5 billion in cash and stock. When the deal closes, Sysco expects the addition of US Foods to boost its annual sales by about 46 percent to around $65 billion.

Sysco shares rose almost 10 percent Monday and hit their highest point in decades.

Houston’s Sysco will pay $3 billion in common stock and $500 million in cash. It will also assume or refinance about $4.7 billion in debt. That puts the total value of the deal at about $8.2 billion.

US Foods’ customers include independent and chain restaurants, health care and hospitality companies, and government and educational institutions.

Associated Press

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 23.46 —.14

Avalon Holdings,5.12—.03

Clear Channel, .61 23.64 —.1

Cortland Bancorp, 9.70.00

Farmers Nat., .126.33 .01

First Energy, 2.20, 32.46.02

FirstMerit Corp., .64,22.99 —.14

First Niles Financial, .32,6.50.11

First Place Fin., .00.00

FNB Corp., .48,12.54—.03

General Motors,40.88.71

General Electric, .76,27.20.26

Huntington Bank, .20, 9.28.04

JP Morgan Chase, 1.52,56.51.45

Key Corp, .22,12.85—.1

LaFarge, 16.98 —.15

Macy’s, 1.00, 52.16.32

Parker Hannifin, 1.80, 120.67—.43

PNC, 1.76,76.30.13

RTI Intl. Metals,34.79.05

Simon Prop. Grp.,4.60,153.791.04

Stoneridge 12.50 .08

United Community Fin. 3.67.01

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