Business now back to normal for Netflix

Online digital video disc rental leader Netflix Inc. resumed normal shipments Friday after its distribution centers were crippled by three days of severe technical problems, a spokesman said.

The Los Gatos, Calif.-based company also offered a 15 percent credit to customers whose discs were delayed by the outage, the longest disruption in service since Netflix launched its subscription service nine years ago.

The outage held up shipments for about a third of the company's 8.4 million subscribers, meaning the total value of the credits could run into the millions of dollars. The credits will automatically appear on customers' next billing statements, Netflix spokesman Steve Swasey said.

NEW YORK

Oil prices decline as dollar extends rally

Oil fell to its lowest price in three months Friday, briefly touching the $111 level after the dollar muscled higher and OPEC predicted the world's thirst for fuel next year will fall to its lowest point since 2002.

Light, sweet crude for September delivery fell $1.24 to settle at $113.77 a barrel on the New York Mercantile Exchange after falling to $111.34, its lowest price since May 2 and more than $35 - or 24 percent - below its July 11 trading record above $147.

At the pump, retail gasoline prices also continued falling, with a gallon of regular shedding about half a penny overnight to a new national average of $3.771, according to auto club AAA, the Oil Price Information Service and Wright Express. Gasoline peaked at $4.114 on July 17.

Crude fell after the dollar gained strength against the euro on U.S. data showing that industrial output rose more than expected in July.

In Las Vegas, a gallon of regular, unleaded self-serve gasoline was $3.824 on Friday, AAA said in its Daily Fuel Gauge report.

The price is down 9.3 percent from $4.215 a month ago, but up 37.6 percent from $2.779 a year ago, AAA said.

HERSHEY, Pa.

Hershey kisses stay sweet but get pricier

Hershey Co. said Friday it plans to raise prices on its products by an average of 11 percent as it tries to stem the effect of soaring commodities costs.

The candy company known for its chocolate bars and bite-sized Kisses said the immediate increase was necessary to offset "significant increases" in the cost of raw materials such as sugar, cocoa and peanuts - up as much as 45 percent since the start of the year - as well as the growing cost of fuel, utilities and transportation.

The Hershey-based chocolatier said its commodities costs will grow by more than $110 million this year - a figure that could double in 2009.

NEW YORK

J.C. Penney profits slip 36 percent in quarter

J.C.