Oil soars to 2-month high
Oil prices advanced to a two-month high and the dollar slipped against the euro as President Obama plans to leave for Washington to resume talks to avert spending cuts and tax gains that threaten the economy. Crude rose as much as 3 percent and the dollar approached an eight-month low against the euro before lawmakers return to discuss ways to avoid more than $600 billion in automatic measures that will take effect Jan. 1. Crude oil for February delivery climbed $2.06, or 2.3 percent, to $90.67 a barrel on the New York Mercantile Exchange. Futures touched $91.30, the highest level in two months.
Bonefish Grill will hire 100for new South Hills location
Bonefish Grill is hiring about 100 people for its restaurant in South Hills that it plans to open Jan. 14. The seafood restaurant, the chain's first in Western Pennsylvania, is located at 1835 Washington Road in Upper St. Clair. The 4,200-square-foot restaurant will seat 218 patrons, including the bar area. Open positions include host, wait staff and kitchen staff. Job candidates should apply at the location or online at www.bonefishgrill.com/ Locator/details/south-hills-pennsylvania or www.Bloominbrandscareers.com/Bonefish.
Home prices dip in Octoberas seasonal slowdown begins
Home prices in the nation's 20 biggest cities dipped 0.1 percent in October from the prior month but rose strongly from the same month last year, according to a closely watched index, indicating the start of the seasonal slowdown in home prices. It was the first month-over-month dip after six months of gains for the Standard & Poor's/Case-Shiller index of 20 large cities. The index was up 4.3 percent compared with October 2011. Five cities in the 20-city index turned negative, posting month-over-month declines in October after being in positive territory the month before. Those five cities were Atlanta, Dallas, Miami, Minneapolis and Seattle. Pittsburgh is not included in the index.
Empire State Buildinggets nod to proceed in REIT