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Business

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  • China levies record fine
    BEIJING – Drug giant Glaxo­SmithKline was fined $492 million Friday for bribing doctors in China in the biggest such penalty ever imposed by a Chinese court.
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DC's famed Post Office to be hotel

Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel.

The real estate mogul and reality TV star was all business in his visit to the nation's capital Wednesday for a ceremonial groundbreaking outside the 115-year-old building, posing for pictures with gold-plated shovels.

The Trump Organization won a $200 million contract with the federal government to turn it into a luxury hotel with 270 guest rooms and suites, restaurants, retail and a 13,000-square-foot ballroom.

Gasoline prices fall in Lundberg survey

U.S. refineries are flexing their muscles and helping lower gasoline prices in the middle of the peak driving season.

The average price for regular gasoline at U.S. pumps dropped 9.04 cents in the two weeks ended Friday to $3.5795 a gallon, according to Lundberg Survey Inc. It's based on information obtained at about 2,500 filling stations by the company from Camarillo, California.

Prices are 9.51 cents lower than a year ago and are at the lowest level since March 21, the survey showed. Retail prices declined as refineries processed the most petroleum in government records dating back to 1989 in the week ended July 11.

Hotel guests prefer takeout restaurants

Hotel guests increasingly prefer to order their eats from takeout restaurants rather than from room service, according to data from GrubHub Inc., a food-ordering service from Chicago.

GrubHub found that takeout orders to hotels increased 125 percent in the past three years after analyzing orders delivered to 8,000 hotels.

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