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A rebound in construction jobs, the strength of local startups and expansion of outside businesses in Central Texas helped knock Austin's unemployment rate down to 5.5 percent in April the first time the jobless rate has dipped below the 6 percent mark since December 2008.

After all the hype, Facebook's first day as a public company ended where it began. In its much-anticipated debut on the Nasdaq Stock Market, Facebook's stock closed Friday at $38.23, up 23 cents.

It's going to take more than Facebook's initial public offering to push the stock market higher. Facebook shares rose 23 cents above their $38 offering price.

The U.S. Postal Service has completed the sale of its downtown station at West Sixth and Guadalupe streets to Atlanta-based Novare Group and its Austin partner, Andrews Urban, the development firms said Friday.

More student housing is on the way for the West Campus area, with the latest project a $26 million upscale apartment complex in the works at 21st and Pearl streets.

RESTAURANTS Gatti's Pizza near UT campus shutting down After 40 years in business, the Gatti's Pizza location near the University of Texas campus will close its doors for good May 28.

If you're lucky enough to live in select parts of the United States, you may see gas pump prices fall to $3.25 a gallon or less in the next week or two.

While Facebook's initial public offering Friday had all of Wall Street abuzz, its 900 million users had other things on their minds.

Led by a rebound in the construction industry, Austin continued its steady job growth in April, helping the metro area’s unemployment rate drop to 5.5 percent, its lowest level in more than three years, according to the Texas Workforce

The City of Austin is negotiating to buy about 2 acres of prime land along Lady Bird Lake that it has coveted for years and is now occupied by Joe's Crab Shack restaurant.

The Austin Music Foundation has rolled out two new programs designed to cultivate the industry's next generation of leaders.

Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low.

Maybe 140 characters is the new definition of limited government in Texas. Twitter, Facebook, YouTube and other social media have come to a state bureaucracy near you.

Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.

Don't try to friend MaLi Arwood on Facebook. You won't find her there. You won't find Thomas Chin, either.

FUEL Austin gas prices drop 
5 cents this week For the fourth consecutive week, Austin-area gasoline prices have dropped, dipping 5 cents this week to an average of $3.57 per gallon, AAA Texas said Thursday.

For the fourth consecutive week, Austin-area gasoline prices have dropped, dipping 5 cents this week to an average of $3.57 per gallon, AAA Texas said today. The average price per gallon in and around Austin has fallen 21 cents

The Greater Austin Chamber of Commerce plans to unveil an online talent portal today aimed at helping Austin companies find and recruit experienced technology workers from outside Central Texas.

A year ago, a daylong gathering of Austin tech company CEOs sparked a discussion about how to recruit new technical talent from outside Central Texas rather than poach from one another.

A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks.