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Greyhound has been put up for sale after its UK owner caved to activist investors who wanted the company to ditch the bus line.FirstGroup, which owns the iconic inter-city bus operation, said Thursday that it wants to focus on its school transportation and commuter businesses.The company said in a statement that Greyhound has "limited synergies" with its other businesses in North America and that "value for shareholders can best be delivered by seeking new owners.""Our plans will create a more focused portfolio, with leading positions in our core North American contracting markets," added CEO Matthew Gregory.The company owns American school bus service First Student, which it says is the largest in North America. Its First Transit brand offers shuttle buses and other services to commuters in the United States.FirstGroup said the two divisions generate a combined 60% of the its operating profits and increasingly overlap in terms of the technologies and skills they require. Shares in FirstGroup surged almost 5% in London after the announcement.Greyhound said it serves 2,400 destinations across the United States and Canada, transporting nearly 16 million passengers each year.The separation is a big win for activist shareholder group Coast Capital Management, which owns just under 10% of FirstGroup.Coast Capital Management had been pushing FirstGroup's board to separate its businesses in the United Kingdom and North America.The investor group said that while it welcomed the plan announced Thursday, it still wants to take control of FirstGroup's board by replacing six of the current 11 directors.Coast Capital said it has "no confidence in the ability of the current board to deliver the changes needed to best effect, as there is precious little expertise in surface transport among the current lineup, especially in a US context." 1866

Here's some good news for drivers in the United States: Gasoline could fall below a gallon for many Americans later this year.Retail gas prices have been falling steadily for several weeks now. The national average currently stands at .72 a gallon for regular gas, according to AAA, down 17 cents from the 2019 high in early May and down 7 cents in just the past week.Wholesale prices are falling even faster, suggesting that prices at the pump should continue to fall."Pretty much every portion of the country should see drops between now and the end of next week," said Tom Kloza, head of energy analysis for the Oil Price Information Service.Most of the decline is because of falling oil prices, in part thanks to booming US oil production. That has made up for cuts in production by OPEC nations designed to support prices. Oil prices have also fallen in part because of weaker-than-expected demand for gasoline in international markets, particularly China, where slowing economic activity has cut into auto sales.Gasoline prices have fallen fastest in parts of the country where gas was the norm at the end of last month. In California, which still has the highest average price at .86 a gallon, prices have fallen by 23 cents. And wholesale prices in the West are falling even faster than elsewhere in the country as refineries there that had been shut come back online."[Gas prices] should continue to fall as we move through the summer," said Kloza. "There's a high probability we'll be paying less than .50 in the next few months."The national average price will probably decline even more — perhaps to .25 a gallon according to Kloza — later in the year. Once the summer driving season ends, demand for gas falls, pushing down prices. So does a switch away from the more expensive blend of gasoline required in the summer months to control smog.A national average of .25 a gallon would probably mean that nearly half the nation's gas stations will be selling regular gas for less than a gallon, Kloza said. 2047

If you come after the President, the Country, the Flag - he’s going to defend himself. What the squad doesn’t like is that Donald Trump is enforcing the very laws that are on the books that were put there by Congress.” Jason Chaffetz. Also, buy Jason’s great new book, POWER GRAB!— Donald J. Trump (@realDonaldTrump) July 16, 2019 342

Former Defense Secretary Harold Brown, who served under President Jimmy Carter, and wore many hats as an educator and a nuclear physicist, has died. He was 91.Brown played a crucial role in the Carter administration's effort to end the Iranian hostage crisis, and described the botched 1980 rescue attempt as the biggest regret of his career."The failure to rescue the U.S. hostages still haunts me," Brown wrote in his memoir "Star Spangled Security," according 475

Former Vice President Joe Biden says Michigan Gov. Gretchen Whitmer is on his short list for potential running mates should he clinch the Democratic nomination for president.Whitmer's has earned national attention in recent weeks for her response to the coronavirus pandemic. She has not been shy about her disappointment in the federal government's response, calling on the Trump administration to provide more medical equipment like ventilators and protective masks. She's even had some harsh words for President Donald Trump on social media more than once since the pandemic began.Trump fired back, criticizing the governor both online and during press conferences, even referring to her as "the woman from Michigan," a title Whitmer supporters have since 771

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