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Stocks slip...Oil prices fall 3 percent...Biggest McDonald's to close



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NEW YORK (AP) — Oil and gas stocks are leading another decline in U.S. indexes after energy prices dropped again. The Dow Jones industrial average fell 117 points, or 0.7 percent, to 17,603. The S&P 500 index dropped 15 points, or 0.7 percent, to 2,063. The Nasdaq composite lost 42 points, or 0.8 percent, to 5,065.

NEW YORK (AP) — The price of oil is down 39 percent this year. Benchmark U.S. crude fell $1.27 to close at $36.60 a barrel in New York today. Brent crude, which is used to price international oils, slid $1.33, or 3.5 percent, to close at $36.46 a barrel in London.

HONOLULU (AP) — The White House says President Barack Obama will travel to Germany in late April to attend the world's largest trade show for industrial technology. The White House is describing the trip as a chance for Obama to highlight the U.S. as a prime investment destination. He will be the first sitting president to attend the trade show.

ORLANDO, Fla. (AP) — The world's largest McDonald's is preparing to close. But it should be replaced with an even bigger McDonald's next door in a couple of months. The Orlando Sentinel reports that the restaurant and entertainment complex in Orlando's tourism corridor is set to close for good tonight. The McDonald's building, which looks like a giant box of french fries, first opened in 1976.

LOS ANGELES (AP) — A British firm that spent $30 million on a crumbling but historic building in downtown Los Angeles plans to transform it into a hip hotel. That's according to a real estate brokerage. The Los Angeles Times that the purchase by Hoxton is the latest bet that the neighborhood's renewal is luring tourists and not just business travelers.

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The Associated Press

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