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Ohio gasoline prices continue to decrease

Oct. 30, 2012 @ 07:09 AM

Ohio gasoline prices continue to decrease

COLUMBUS, Ohio -- Ohioans can again expect to see lower prices at the gas pump compared with last week.

The average price for a gallon of regular gas in the state was $3.33 in Monday's survey from auto club AAA, the Oil Price Information Service and Wright Express. That's 7 cents lower than a week ago.

A month ago Ohioans were paying an average of $3.79. They're paying close to the same price per gallon as this time last year, when the average was $3.35.

The national average Monday was $3.55, down 13 cents from a week ago.

Chrysler 3Q profit goes up 80 percent

DETROIT -- Strong U.S. sales powered Chrysler to a healthy third-quarter profit.

The company reported net income of $381 million, up 80 percent from $212 million a year earlier. The profit was due mainly to a 13-percent sales increase in the U.S., where Chrysler does three quarters of its business. The company sold nearly 417,000 cars and trucks in the U.S. under the Jeep, Dodge, Ram and Chrysler brands.

Under the ownership of Italy's Fiat SpA, the Detroit company has been transformed since its 2009 trip through bankruptcy protection. It has posted profits since early last year and is now propping up Fiat, which is struggling with dropping sales in Europe.

PayPal to cut 325 full-time employees

NEW YORK -- PayPal is cutting 325 full-time jobs to streamline its business and speed up product development amid intense competition from plucky startups and established companies such as Google.

The company also is ending jobs with about 120 independent contractors worldwide.

The job cuts have been expected and were reported by The Associated Press earlier this month. Its parent company, San Jose, Calif.-based eBay Inc., said it expects to book a restructuring charge of about $15 million in the current quarter, related to the job cuts.

Monday's cuts represent about 2.5 percent of PayPal's work force of 13,000.

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