Oil up

From our wire services

The price of oil rose Monday as a report of weaker economic growth in China slowed but could not halt crude's upward momentum. Benchmark crude for August delivery gained 37 cents to $106.32. The average price of a gallon of gasoline rose 6 cents during the weekend and appears headed higher.

Smaller Twinkies

Twinkies are back, but they may be a bit smaller. The new boxes hitting shelves this week list the spongy yellow cake as 135 calories and 38.5 grams for one cake. Right before it went out of business, the predecessor company had told The Associated Press that Twinkies were 150 calories per cake. Photos of past boxes indicate the weight was 42.5 grams per cake.

Valuable teams

Real Madrid tops Forbes' list of 50 most valuable sports teams, with Manchester United and Barcelona holding the next two spots. Forbes said Real Madrid is worth $3.3 billion. The New York Yankees are fourth at $2.3 billion, and the Dallas Cowboys fifth at $2.1 billion.

Tech suit

A court document says Lucasfilm and Pixar have settled a lawsuit that claims they and other companies conspired to keep wages down by agreeing not to poach each other's workers. The San Jose lawsuit continues against Apple Inc., Google Inc., Intel Corp., Intuit Inc. and Adobe Systems Inc. It contends they schemed to cheat employees by artificially suppressing demand for their services.

Mercedes probe

U.S. safety regulators are investigating about 218,000 Mercedes C-Class luxury cars from 2008 and 2009 model years because the rear lights can fail and catch fire. The National Highway Traffic Safety Administration said it has 21 reports of the brake lights or turn signals dimming or failing to light. Many of them reported a burning smell or melting of electrical parts.

Citigroup earnings

Citigroup is reporting earnings that beat Wall Street's expectations for the second quarter. The investment bank's profit for the March-to-June period was $3.9 billion after excluding an accounting gain, a 26 percent rise from a year ago.

Gallup settles

The Justice Department said the Gallup Organization has agreed to pay $10.5 million to settle allegations the polling and market research firm inflated prices for proposed contracts with the U.S. Mint and State Department.

Scripps sentencing

Media company heir Michael Scripps was sentenced to nine years in prison for stealing millions of dollars from his mother and disabled uncle. A defense lawyer argued he has built a productive life after becoming estranged from his wealthy but dysfunctional family in 2006. But the federal judge said the theft caused the estrangement.

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