Gas prices drop below $2 a gallon statewide; Newton company builds wind farm in Utah; Greater Media sends radio streams to iPhones.
Average gas price dips to $1.92 a gallon
The average price for gasoline in Massachusetts has dropped below $2 per gallon for the first time since March 2005, according to AAA Southern New England. The motorists group said the state average for regular, self-serve gas fell 17 cents a gallon in one week to $1.92 a gallon on Monday. At this time a year ago, the state average was just over $3 a gallon.
Newton company building 97-turbine wind farm in Utah
NEWTON – First Wind has begun construction on a 97-turbine wind farm project in Milford, Utah. The Newton-based company said the project, which will generate as much as 203 megawatts of clean energy, is expected to be completed by the end of next year. The project is being partially financed through an agreement First Wind signed last December with the Southern California Public Power Authority to supply the city of Los Angeles with renewable power.
2-day Dow Jones rally biggest since 1987
The Dow Jones industrial average saw its biggest two-day gain on Friday and Monday since October 1987, the month of the Black Monday stock market crash. The index of blue chips stocks rose by 891 points over the past two trading days, almost wiping out the 872-point, two-day plunge it suffered on Wednesday and Thursday. The government’s second bailout package for Citigroup, whose stock tanked last week, was one of the catalysts for the latest rally.
With touch of a button, WBOS is on iPhones
BRAINTREE – Greater Media Inc. said WBOS-FM, also known as Radio 92.9, became the first radio station in the Boston market that listeners can hear on their iPhone with the touch of a button. The application, which was developed by Jacobs Media, allows listeners to tune in directly to the station’s audio stream instead of accessing a directory first. Braintree-based Greater Media said it is the first radio company in the country to buy the “One Touch” application. Greater Media also uses the technology on stations in Detroit, New Jersey and Philadelphia.
Construction completed on Easton office building
EASTON – Whelan Associates of New Bedford has completed construction of Two Washington Place, a medical office building on Route 138 in Easton. The 42,000-square-foot building’s tenants include Brockton Urology and South Shore Dermatology Physicians. About 27,000 square feet is available for lease.
Frank wants money for foreclosure relief
U.S. Rep. Barney Frank, the chairman of the House Financial Services Committee, said more money from the federal government’s $700 billion financial bailout needs to be spent on mortgage foreclosure relief. Frank said tens of billions of dollars remain available for this purpose without needing to tap the second $350 billion portion of the bailout. Frank told Treasury Secretary Hank Paulson of his concern on Monday when they discussed the federal government’s decision to provide an additional $20 billion in bailout funds for Citigroup.
Patriot Ledger staff