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In brief

Sheetz fights gas thefts

The Sheetz chain of convenience stores is implementing a new “Pump First” card in an attempt to cut down on the number of gas thefts. Offered now in parts of West Virginia, Maryland and southern Virginia, the cards will be introduced later this summer in parts of Pennsylvania, including Luzerne County, said company spokeswoman Monica Jones. Eventually all 200 Pennsylvania stores will participate.

Once the program is in operation, motorists who use cash or write a check to fill up will have to get a “Pump First” card. The card is linked to a motorist’s driver’s license and allows the customer to activate the pump. When finished pumping gas, the motorist can go inside the store and pay.

If the driver leaves without paying, the card information helps Sheetz and police ID the driver.

Feds target 401(k) fees

Millions of participants in 401(k)-style retirement plans would receive more information about the costs of those programs, a move that could help boost savings, under a rule proposed by the Labor Department on Tuesday.

The additional information will make it easier for employees to invest in lower-cost mutual funds and other investments, said Bradford Campbell, an assistant secretary at the Labor Department.

The department estimates the disclosures would save participants $2.3 billion over 10 years from lower fees as investment providers compete more on cost.

Oilman pushes wind energy

Texas oilman T. Boone Pickens asked Congress on Tuesday to “clear the path” for his plan to boost use of wind and natural gas for U.S. energy needs.

Pickens has been on a $58 million publicity tour to promote his plan to erect wind turbines in the Midwest to generate electricity, replacing the 22 percent of U.S. power from natural gas.

Pickens has leased hundreds of thousands of acres for a giant wind farm in West Texas.

US Airways posts big loss

US Airways Group Inc. said Tuesday it swung to a huge second quarter loss as it struggled to deal with spiking fuel costs.

Chairman and CEO Doug Parker said his airline will further cut seating capacity this year in hopes of boosting sales, and he expects to raise up to a half billion dollars annually in new travel fees for soda, seats and bags.

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