Aurora Business

FILE - In this April 1, 2014 file photo, a Austrian Airlines airplane takes off from the airport in Munich, southern Germany. Flying could get cheaper next year as airlines say they will finally start passing on some of the savings made on plummeting oil prices. (AP Photo/Matthias Schrader, File)

“It’s going to be six months or so before airlines are seeing lower fuel costs, and at that point consumers are likely to see a fall in travel costs,” Pearce told The Associated Press.

FILE - In this Jan. 26, 2009 file photo, a customer looks at the menu at McDonald's drive-thru in Williamsville, N.Y. McDonald's is planning to trim its menu, review its cooking methods and maybe even get rid of some of the ingredients it uses to change perceptions that it serves junk food, CEO Don Thompson said Wednesday, Dec. 10, 2014. (AP Photo/David Duprey, File)

Thompson has conceded McDonald’s Corp. has failed to keep up with changing tastes. One of the problems is that people are increasingly moving toward foods they feel are fresh or wholesome, and the image of fast-food burgers and fries doesn’t exactly fit that bill.

The U.S. Energy Department reported a surprise increase in domestic oil inventories and OPEC projected that demand for its crude would sink next year to levels not seen in more than a decade.

FILE - In this June 11, 2014 file photo, a demonstrator kicks a car, suspected to be a private taxi during a 24 hour taxi strike and protest in Madrid, Spain against unregulated competition from private companies, in particular, Uber. A judge has ordered the precautionary suspension of the ridesharing service Uber in Spain on Tuesday Dec. 9, 2014, saying it represents unfair competition. The suspension had been sought by Madrid’s Taxi Association, which is planning a legal case against Uber which allows passengers to hail a ride from a mobile app. The company takes a cut from what the drivers charge. Taxi drivers say such services are unfair as the drivers do not have to fulfill the same requirements or pay tens of thousands of euros (dollars) for training and licences as taxi drivers do. The San Francisco-based company has met with opposition in other European Union countries. (AP Photo/Paul White, File)

Uber spokesman Benjamin Novick called the decision a “highly unusual court commercial proceeding and ruling,” adding that the company is considering its legal options and that Uber will obey Spain law.

DENVER | Billionaire investor Philip Anschutz is exploring the possibility of resurrecting the Rocky Mountain News after the daily newspaper in Denver was shuttered five years ago. The Denver Business Journal was the first to report Tuesday that Anschutz’s Clarity Media Group has posted a prototype newspaper online and is researching the feasibility of publishing the […]

In its most recent short-term energy outlook, released Tuesday, the Energy Department cut its gasoline price forecast for 2015 by 35 cents a gallon. It was the second cut of more than 30 cents a gallon in two months.

FILE - In this June 9, 2014 file photo, the burn off flame of natural gas lights up the night sky in Williston, N.D. North America, once a sponge that sucked in a significant portion of the world's oil, will instead be supplying the world with oil and other liquid hydrocarbons by the end of this decade, according to ExxonMobil's annual long-term energy forecast released Tuesday, Dec. 9, 2014.  (AP Photo/Charles Rex Arbogast, File)

“The world has such an improved outlook for supplies,” Colton said in an interview. “Peak oil theorists have been run out of town by American ingenuity.”

“There is a fair amount of apprehension” among the banks as to how steep the new requirements will be in the proposal, Nancy Bush, a banking analyst at NAB Research, said Tuesday morning before the Fed governors’ meeting.

A limited audit released Monday that looked at how the exchange has spent federal grants found that Connect for Health has spent millions more on vendors than what they were initially contracted for, and in some cases made payments without proper documentation.

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