Month: October 2008

HOUSTON (AP) – The slide in crude oil prices translated to a more than 10 percent drop in retail gasoline prices across Texas this week. AAA Texas on Thursday reported the average price per gallon statewide declined 39 cents, to settle at $2.89. Nationally, gasoline prices tumbled 32 cents, reaching $3.08. AAA Texas says the

HOUSTON (AP) – The slide in crude oil prices translated to a more than 10 percent drop in retail gasoline prices across Texas this week. AAA Texas on Thursday reported the average price per gallon statewide declined 39 cents, to settle at $2.89. Nationally, gasoline prices tumbled 32 cents, reaching $3.08. AAA Texas says the

EL PASO — Two teens were arrested Wednesday for the theft of a Ford F250 pickup truck, El Paso police said. A 2006 white Ford F250 pickup truck was reported stolen Tuesday from a Westside residence, police said. Police investigators said 17-year-olds Ismael Cano and Jesus Ivan Silva were observed Wednesday taking the vehicle from

EL PASO — Two teens were arrested Wednesday for the theft of a Ford F250 pickup truck, El Paso police said. A 2006 white Ford F250 pickup truck was reported stolen Tuesday from a Westside residence, police said. Police investigators said 17-year-olds Ismael Cano and Jesus Ivan Silva were observed Wednesday taking the vehicle from

EL PASO — Robert “Bob” Jones,former CEOof the now-renamed National Center for the Employment of the Disabled, or NCED, posted $500,000 bondWednesday after a hearing on a five-count indictment that was unsealed Tuesday. Jones, Patrick Woods and Ernie Lopez, all former NCED officials, were arrested Tuesday morning on fraud charges related to NCED. In Wednesday’s

EL PASO — Robert “Bob” Jones,former CEOof the now-renamed National Center for the Employment of the Disabled, or NCED, posted $500,000 bondWednesday after a hearing on a five-count indictment that was unsealed Tuesday. Jones, Patrick Woods and Ernie Lopez, all former NCED officials, were arrested Tuesday morning on fraud charges related to NCED. In Wednesday’s

Here is a list of schools that failed to meet federal Adequate Yearly Progress (AYP) standards. Districts that failed to meet AYP standards are marked with *. All information is from the Texas Education Agency website. Anthony ISD * Anthony High School Canutillo ISD* Canutillo High School Canutillo Middle School Jose J. Alderete Middle School

Here is a list of schools that failed to meet federal Adequate Yearly Progress (AYP) standards. Districts that failed to meet AYP standards are marked with *. All information is from the Texas Education Agency website. Anthony ISD * Anthony High School Canutillo ISD* Canutillo High School Canutillo Middle School Jose J. Alderete Middle School

By AOIFE WHITE, AP Business Writer BRUSSELS, Belgium (AP) – EU leaders endorsed a euro1.7 trillion ($2.3 trillion) continent-wide emergency bailout for the banking sector at summit talks Wednesday, and turned to debate other measures to prevent the global financial crisis from stalling the economy. Polish Finance Minister Jacek Rostowski, along with other EU officials

By AOIFE WHITE, AP Business Writer BRUSSELS, Belgium (AP) – EU leaders endorsed a euro1.7 trillion ($2.3 trillion) continent-wide emergency bailout for the banking sector at summit talks Wednesday, and turned to debate other measures to prevent the global financial crisis from stalling the economy. Polish Finance Minister Jacek Rostowski, along with other EU officials

By STEVENSON JACOBS, AP Business Writer NEW YORK (AP) – Oil prices closed below $75 a barrel for the first time in nearly 14 months Wednesday after OPEC, fearing that a severe global economic slowdown is unavoidable, slashed its 2009 petroleum demand forecast. Another bad day on Wall Street also pressured oil prices, which have

By STEVENSON JACOBS, AP Business Writer NEW YORK (AP) – Oil prices closed below $75 a barrel for the first time in nearly 14 months Wednesday after OPEC, fearing that a severe global economic slowdown is unavoidable, slashed its 2009 petroleum demand forecast. Another bad day on Wall Street also pressured oil prices, which have

By ABC-7 Reporter/Anchor Celina Avila EL PASO — While many local economists say the Borderland is far from an economic crisis, many businesses are feeling the effects of the economic turmoil nationwide. Now, rising costs have forced the popular “Seafood Galley” in west-central El Paso to close its doors. Friday, the restaurant was packed for

By ABC-7 Reporter/Anchor Celina Avila EL PASO — While many local economists say the Borderland is far from an economic crisis, many businesses are feeling the effects of the economic turmoil nationwide. Now, rising costs have forced the popular “Seafood Galley” in west-central El Paso to close its doors. Friday, the restaurant was packed for

by ABC-7 Reporter/Anchor Ashlie Hardway EL PASO — Experts say our local economy has fared pretty well considering the situation on Wall Street, but one factor that has hit some in the Borderland is paying for college tuition. College tuition is expensive no matter where you go, and it’s getting costlier every year. For one

by ABC-7 Reporter/Anchor Ashlie Hardway EL PASO — Experts say our local economy has fared pretty well considering the situation on Wall Street, but one factor that has hit some in the Borderland is paying for college tuition. College tuition is expensive no matter where you go, and it’s getting costlier every year. For one

by ABC-7 Reporter Angela Kocherga EL PASO — The financial crisis has spread across the border as Mexico’s currency has tumbled to a new low. It’s trading at about 12 pesos for every U.S. dollar right now, and businesses that depend heavily on shoppers from Mexico are bracing for the worst. Nowhere does the peso-dollar

By ABC-7 Reporter Darren Hunt EL PASO — Home foreclosures are not only on the rise nationwide as a result of the economic crisis, they’re also up in the Sun City. Tuesday, there was a crowd of people outside the County Courthouse hoping to get a good deal on foreclosed homes sold at auction. Although

By ABC-7 Reporter Darren Hunt EL PASO — Home foreclosures are not only on the rise nationwide as a result of the economic crisis, they’re also up in the Sun City. Tuesday, there was a crowd of people outside the County Courthouse hoping to get a good deal on foreclosed homes sold at auction. Although

By ABC-7 Reporter Martin Bartlett EL PASO — Turns out people are letting go of items, some with sentimental value, just to make ends meet in these tough economic times. Miguel de Cervantes ought to know: he just pawned off his wedding band. “For my ring, I only got 50 bucks,” he said. “I’m going

By ABC-7 Reporter Martin Bartlett EL PASO — Turns out people are letting go of items, some with sentimental value, just to make ends meet in these tough economic times. Miguel de Cervantes ought to know: he just pawned off his wedding band. “For my ring, I only got 50 bucks,” he said. “I’m going

By ABC-7 Reporter, Marissa Monroy EL PASO — With the struggling economy, even the most dreamy-eyed couples are concerned about how they’ll pay for their big day. “It’s not so much the wedding that I’m worried about, just as much as making sure that as a couple we make wise decisions together,” said Angelica Rosales.

By ABC-7 Reporter, Marissa Monroy EL PASO — With the struggling economy, even the most dreamy-eyed couples are concerned about how they’ll pay for their big day. “It’s not so much the wedding that I’m worried about, just as much as making sure that as a couple we make wise decisions together,” said Angelica Rosales.

By ABC-7 Reporter Darren Hunt EL PASO — Aside from Wall Street, there are other factors affecting our region, such as Mexico’s peso devaluation. As the value falls, so do sales in El Paso! Several local financial advisors have been quick to point out that the Sun City is somewhat of an island when it

By ABC-7 Reporter Darren Hunt EL PASO — Aside from Wall Street, there are other factors affecting our region, such as Mexico’s peso devaluation. As the value falls, so do sales in El Paso! Several local financial advisors have been quick to point out that the Sun City is somewhat of an island when it

By ABC-7 Reporter Darren Hunt EL PASO — County Attorney Jose Rodriguez is warning Sun City residents to be careful when turning to “payday loans” for a quick cash injection during these hard economic times. “It’s business entities taking advantage of people in a time of need,” said Rodriguez. There are nearly 50 payday loan

By ABC-7 Reporter Darren Hunt EL PASO — County Attorney Jose Rodriguez is warning Sun City residents to be careful when turning to “payday loans” for a quick cash injection during these hard economic times. “It’s business entities taking advantage of people in a time of need,” said Rodriguez. There are nearly 50 payday loan

by ABC-7 Reporter/Anchor Ken Molestina FABENS, Texas — Though gas prices are headed down a bit, one private gas station owner says the pinch is being felt on both sides of the pump. Travel 30 miles east of El Paso on I-10 and you will stumble across one of the oldest institutions in Fabens, the

by ABC-7 Reporter/Anchor Ken Molestina FABENS, Texas — Though gas prices are headed down a bit, one private gas station owner says the pinch is being felt on both sides of the pump. Travel 30 miles east of El Paso on I-10 and you will stumble across one of the oldest institutions in Fabens, the

By TIM PARADIS, AP Business Writer NEW YORK – Despair over the economy sent Wall Street plunging again Wednesday, propelling the Dow Jones industrials down 733 points to their second-largest point loss ever. Stocks fell on a combination of disheartening economic data, including a big drop in retail sales and a Federal Reserve report that