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BC-Business News Digest

AP Photo.

â¿¿ OIL PRICES â¿¿ Oil climbs nearly $1 to finish at $86.32 a barrel on new concerns about possible supply disruptions in the Middle East after Israel launched airstrikes in Gaza.

HIRING-COLLEGE GRADS, HFR

Modest good news for college students: An annual survey predicts employers will increase hiring of new 4-year college graduates about 5 percent in the coming year. Demand for graduates with associate's degrees is expected to increase more sharply â¿¿ by about 30 percent compared to last year's surveyâ¿¿ while MBA hiring appears headed for an unexpected decline. By Education Writer Justin Pope.

Eds: The story may not be published, broadcast or posted online before 12:01 a.m. EST on Thursday.

INDUSTRY

STARBUCKS-TEAVANA

SEATTLE â¿¿ Starbucks wants to make the tea shop as ubiquitous as its namesake cafes. The Seattle-based company says that it will pay $620 million in cash to buy Teavana Holdings Inc., which sells high-end loose leaf teas in 300 shopping mall locations. The plan is to expand Teavana's footprint beyond the mall with stand-alone shops, adding tea bars with specialty drinks.

CALIFORNIA-GREENHOUSE GASES

SAN FRANCISCO â¿¿California begins auctioning permits for greenhouse gas emissions, launching one of the world's most ambitious efforts to cut heat-trapping gases from industrial sources. By Jason Dearen.

AP photos

MENINGITIS OUTBREAK-CONGRESS

WASHINGTON â¿¿ The head of the Food and Drug Administration asks Congress for more authority to police pharmacies like the one that triggered a deadly meningitis outbreak, even as lawmakers questioned why the agency didn't do more with its existing powers. By Health Writer Matthew Perrone.

AP Photo.

â¿¿ ALGAE BIOFUEL STATIONS â¿¿ Drivers in the San Francisco Bay Area are the first in the nation to fill up their gas tanks with an algae-based biofuel.

â¿¿ WAL-MART-SUBSCRIPTION SERVICE â¿¿ Wal-Mart launches a food subscription service called Goodies.

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