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Digest

In brief

By TIMES WIRES
Published August 22, 2006


American guitars are magic in Japan

The Japanese are ga-ga over Fenders and Gibsons, preferring them even over their own country's instruments.

Sembler trims down company's name

The Sembler Co., the St. Petersburg-based developer, unveiled a new logo and shorter name. The business said it will now be known as Sembler, dropping "The" and "Company" from the name. "We've adopted the less is more theory and I think it will be even more impactful and memorable," said chief operating officer Craig Sher.

Crystal River reactor taken down for repair

Progress Energy Inc. has shut down its 838-megawatt Crystal River nuclear reactor to repair a leak. The unit went offline at 2 a.m. Friday so workers could repair a leak of non-radioactive feed-water, Carla Groleau, spokeswoman for the Raleigh, N.C., company, said Monday. Groleau refused to say when the unit would return to power production, citing competitive reasons.

The price of gasoline takes a tumble ...

The average U.S. pump price for regular gasoline fell 7.6 cents to $2.924 a gallon in the week ended Monday, the biggest decline since November, the U.S. Energy Department said. Prices fell in all areas of the country, pushed lower by the earlier fall in oil prices, which account for about half of gasoline's cost at the pump.

... but, Iran news takes oil over $72 a barrel

Oil prices rose above $72 a barrel Monday after Iran insisted that it will not suspend uranium enrichment and traders awaited a response from the United Nations at the end of the month. The rising price also reflected traders' fears of potential hurricanes that could strike Gulf of Mexico production and refining facilities. Light sweet crude for September delivery on the New York Mercantile Exchange rose $1.31 to settle at $72.45 a barrel.

First of 4,500 trials over hormone delayed

As lawyers argued over which evidence should be allowed, a judge Monday delayed jury selection in the first trial of 4,500 lawsuits filed nationwide that challenge Prempro, a hormone-replacement therapy that some women say causes breast cancer. Prempro is a widely prescribed estrogen-progestin combination used to treat premenopausal symptoms, such as hot flashes.

BP denies it fudged Alaska pipeline data

British oil company BP on Monday denied allegations it manipulated data from inspections of Alaska pipelines which were partly shut down this month because of corrosion problems. The Financial Times reported the Environmental Protection Agency was probing allegations by BP PLC workers that the company manipulated data to avoid replacing pipelines in the Prudhoe Bay, Alaska, oil field.

[Last modified August 22, 2006, 00:15:10]


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