Haroon Shaikh, who says he sold Foxx Video, resigned from the Houston group. The stores did not operate with sexually oriented business permits.

Consumer prices have fallen more in the past year than in any 12-month period in nearly six decades — a huge break for shoppers but also a reminder that prices are being restrained by weak spending that’s likely to slow an economic recovery.

Personality-driven KGOW 1560 is an independently-owned sports talk station competing with three corporately-owned rivals. While KGOW has relatively few listeners, they are passionate and loyal, and advertisers look for engaged audiences.

A Malibu man has agreed to plead guilty to failing to report at least $1;million he transferred to a Swiss bank account to avoid paying income taxes, federal prosecutors said Friday.

On-the-ground delays came into focus again this week, for Continental and other airlines, with complaints that 51 passengers, including two small children on adults’ laps, spent six hours Aug. 8 on a 50-seat ExpressJet plane in Rochester, Minn.

Texas electric customers will get a minimum 14-day notice before their contracts expire beginning Monday and electric retailers will have to meet tougher financial standards.

Regulators on Friday shut down Colonial BancGroup, a big lender in real estate development that buckled under the collapse of the market.

The founder of the online gambling site BetOnSports.com pleaded guilty to federal racketeering conspiracy and other charges.

The state’s fourth-largest home insurer, USAA plans to increase rates an average 5 to 20 percent in Harris County.