PEGGY PEATTIE / Union-Tribune Salvatore Truglio, a waiter at La Dolce Vita restaurant in La Jolla, said the U.S. Open means “more people, more volume, more tips.”

Those who toil in the San Diego tourism industry love huge, star-studded events such as this week's U.S. Open golf tournament at Torrey Pines. Name a better chance to meet interesting people from throughout the world and have lively, memorable exchanges with them. Well, there is that. But there's also money.

NEW YORK – The U.S. Department of Energy and the International Energy Agency lowered their global oil consumption forecasts for this year because of surging prices, but said demand continues to accelerate in developing nations. The downward revision follows a reduction this month in fuel subsidies by several developing countries that have succumbed to record oil prices.

San Diego's slumping office market – which has seen vacancy rates rise sharply over the past several quarters – might avoid a years-long downturn, according to survey released yesterday. The survey by the UCLA Anderson Forecast and real estate firm Allen Matkins found upbeat expectations for the office market over the next three years from a panel of developers and investors.

When San Diego housing officials learned last year that the city was free to withdraw from the federal government's decades-old public housing program, they immediately faced the financial reality of managing hundreds of rental units on their own.

Amylin Pharmaceuticals' shares rebounded yesterday after the San Diego company released positive results for the once-weekly version of its diabetes drug, Byetta.

FRESNO – As tomatoes blush a deep red in farms and gardens throughout the country this week, growers are panicking that a 17-state salmonella outbreak linked to raw tomatoes could shrivel up their summer market.