Business

Shell Oil Co. has chosen a site near Pittsburgh for a major, multibillion-dollar petrochemical refinery that could provide a huge economic boost to the region.

Dan Carlson, Shell's general manager of new business development, said Thursday that the company signed a land option agreement with Horsehead Corp. to evaluate a site near Monaca, about 35 miles northwest of Pittsburgh.

There was a 14,000 decline in the number of people filing first-time claims for unemployment insurance last week, the Employment and Training Administration just reported:

"In the week ending March 10, the advance figure for seasonally adjusted initial claims was 351,000, a decrease of 14,000 from the previous week's revised figure of 365,000. The 4-week moving average was 355,750, unchanged from the previous week's revised average of 355,750."

The Regional Transportation District is weighing a new plan that postpones completion of the FasTracks rail project in Boulder County. KUNC’s Brian Larson spoke with Boulder County Business Report Publisher Chris Wood about the RTD proposal, local reaction and what’s next.