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Consumers Get a Break at the Gas Pumps Chris Woods, left, of New Castle, Del., and David Boozel of McVeytown, Pa., watch the pump as they gas up their trucks at the All American Plazas truck stop in Duncannon, Pa., in this June 14, 2007 file photo. Wholesale inflation posted a better-than-expected reading in June as both food and energy costs retreated while industrial production staged a strong rebound. The Labor Department said its Producer Price Index fell by 0.2 percent last month, the first decline since a 0.6 percent dip in January. Since that time, wholesale prices had been recording big gains, reflecting the fact that gasoline surged to record levels and food costs have been rising because of heavy demand for corn to use in ethanol.

McCain, Obama promise better times
WASHINGTON, July 4 (UPI) -- The presumptive Democratic and Republican presidential nominees each blamed the other party Thursday for the latest bad economic news.

Producers meet with SAG to discuss offer
LOS ANGELES, July 2 (UPI) -- Hollywood's Alliance of Motion Picture and Television Producers said it met with the Screen Actors Guild Wednesday to discuss its final contract offer.

LA Times to cut 250 jobs
LOS ANGELES, July 2 (UPI) -- The Los Angeles Times Wednesday announced it would eliminate 250 jobs, including 150 editorial positions, because of declining revenue.

Canada loses 2,000 more automotive jobs
TORONTO, July 3 (UPI) -- The troubled Canadian auto industry in southern Ontario has shed another 2,000 jobs with the closing of 11 small plastic molding facilities around Toronto.

Canada's Jazz Air lays off 270
HALIFAX, Nova Scotia, July 3 (UPI) -- Canada's second largest airline, Jazz Air, announced a layoff of 270 employees Thursday directly linked to soaring fuel prices.

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