Business

Business

Consumer prices barely up in October

WASHINGTON (AP) — U.S. consumer prices edged up a slight 0.1 percent in October, the smallest gain in three months as energy prices retreated.

Brixx Pizza in Carriage Center to close by Dec. 9

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CHAMPAIGN — A pizza joint in the Carriage Center development preannounced its closing Wednesday to give customers a chance to use their gift cards there.

Brixx Wood Fired Pizza, 2043 S. Neil St., plans to close Dec. 9 or earlier.

Retail sales rise for 2nd month, led by cars, clothes

WASHINGTON (AP) — U.S. retail sales rose at a solid pace last month, as bullish consumers bought more cars, furniture and clothes.

Fidget spinners, plastic sword, drones among group's 10 worst toys

BOSTON (AP) — Fidget spinners, a plastic Wonder Woman battle sword and a remote-controlled Spider-Man drone are among the toys topping a consumer safety group's annual list of worst toys for the holidays.

World Against Toys Causing Harm, or WATCH, unveiled the top 10 list Tuesday at a Boston children's hospital.

Producer prices rise 0.4% in October on higher food prices

WASHINGTON (AP) — Prices at the wholesale level climbed 0.4 percent in October and 2.8 percent over the past year, biggest annual jump in more than five years and a sign that an improving economy may finally be reviving inflationary pressures.

Oil prices on the rise, but maybe not for long

Oil prices have jumped by about one-third since the summer on signs of stronger economic growth around the world and fear of instability in the Middle East.

So far, however, the run-up isn't setting off alarm bells. Prices remain far below their 2014 peaks. And U.S. producers are pumping at a record rate, leading some experts to bet that the higher prices won't last long.

Qualcomm rejects Broadcom's $103 billion offer

NEW YORK (AP) — Qualcomm rejected an unsolicited, $103 billion offer from Broadcom, saying that the proposal is significantly undervalued and that a tie-up between the massive chipmakers would face substantial regulatory resistance.

Qualcomm said Monday that it's in a unique position to grow on its own.

Uber seals multibillion-dollar investment from Softbank

DETROIT (AP) — Japanese technology conglomerate SoftBank has reached a deal with Uber to invest billions in the ride-hailing giant.

Uber Technologies Inc. confirmed the investment in a statement Sunday without giving details.

Delivery app goPuff hopes to add booze

URBANA — Have a 2 a.m. case of the munchies?

In Champaign-Urbana, there's now an app for that.

Introducing goPuff — a drugstore delivery service where everything from Chubby Hubby ice cream to Charmin bath tissue is just one smartphone click away, guaranteed to be delivered as soon as possible from an Urbana warehouse.

Wired In: Kathleen Hu

Each week, staff writer Paul Wood chats with a high-tech difference-maker. This week, meet KATHLEEN HU, a University of Illinois student who is heading the technology side of DIBBS, a start-up to fight hunger and reduce food waste. Her web platform connects food retailers to food pantries so that excess food doesn't go to waste.