• US stocks edge lower as energy sector slumps

    Updated: 11 min ago

    NEW YORK (AP) — U.S. stocks edged lower on Monday, led by a slumping energy sector as the price of oil continued to fall. Investors were also watching the latest earnings releases. Tyson Foods dropped after cutting its earnings outlook for the year. KEEPING SCORE: The Standard & Poor's 500 index was down one point, or 0.1 percent, at 2,101 as of 12:11 p.m. Eastern. The Dow Jones industrial average dropped 77 points, or 0.4 percent, to 17,613. The Nasdaq composite rose two points, or 0.1 percent, 5,131. ENERGY: Benchmark U.S. crude shed $1.55 cents to $45.60 a barrel on the New York Mercantile Exchange, near its lowest price in more than four months.

  • Sen. Reid leads Nevada voices supporting EPA energy campaign

    Updated: 12 min ago

    LAS VEGAS (AP) — U.S. Sen. Harry Reid is among government and business leaders voicing support for a federal campaign to limit carbon pollution from power plants and address global climate change. The Democratic minority leader calls the Obama administration plan being made public Monday an opportunity for innovation in a state where billions of dollars have already been invested in renewable and clean energy. The Sierra Club calls the Environmental Protection Agency programs a signal to the world that the U.S. is serious about acting on climate disruption. Nevada Gov. Brian Sandoval's energy chief, Paul Thomsen, calls Nevada well-positioned to comply with the first national limits on carbon dioxide from existing powe

  • Average price at pumps down 6 cents in Massachusetts

    Updated: 25 min ago

    BOSTON (AP) — The average price for gasoline has dropped 6 cents per gallon in the last week in Massachusetts and is now at its lowest level since the start of May. That's according to the latest weekly survey released on Monday by AAA Northeast, which found self-serve regular to be averaging $2.58 per gallon. The average price has fallen 17 cents in the past month and is 7 cents lower than the current national average of $2.65 per gallon.

  • Alpha Natural files for Chapter 11 bankruptcy protection

    Updated: 36 min ago

    NEW YORK (AP) — Alpha Natural Resources Inc., one of the country's biggest coal producers, became the latest in a string of coal companies to seek bankruptcy protection amid an historic shift in the electric power sector brought on by cheap natural gas prices and pollution regulations. Alpha operates about 60 coal mines, many in parts of Appalachia that have seen the sharpest declines in coal demand and coal prices as electric power customers have switched to natural gas. It is the fourth U.S. coal company to seek bankruptcy protection in the last 15 months. The bond rating agency Fitch expects coal companies to struggle in the future. "The sector default rate is likely to increase further in the near term," its analysts wr

  • Gas prices fall to average $2.67 per gallon in Rhode Island

    Updated: 54 min ago

    PROVIDENCE, R.I. (AP) — Gas prices continue to fall in Rhode Island and are now at their lowest point since before Memorial Day. AAA Northeast says its weekly survey Monday found that the average price of a gallon of regular unleaded gas had fallen four cents since last week, to $2.67. That's two cents above the national average of $2.65 per gallon. A year ago at this time, gas cost $3.60 per gallon on average in Rhode Island — 35 percent higher than the current price. Prices have fallen 12 cents per gallon since a month ago.

  • Archer Daniels Midland completes sale of chocolate business

    Updated: 59 min ago

    NEW YORK (AP) — Archer Daniels Midland says it sold its chocolate business to agribusiness conglomerate Cargill for $440 million. The companies announced the sale in September. Privately-held Cargill said the deal would strengthen and expand its chocolate business, and Archer Daniels Midland said the sale would allow it to redirect its spending to other areas. Cargill says its chocolate business now has about 3,000 employees, including 670 that transferred from Archer Daniels Midland. Under an agreement with antitrust regulators in the European Union, Cargill will sell an industrial chocolate production facility in Mannheim, Germany. Archer Daniels Midland Co.

  • Get Started: Employee or freelancer? Govt issues opinion

    Updated: 1 hr ago

    EMPLOYEE OR FREELANCER? It may become harder for businesses to classify workers as freelancers rather than employees following a Labor Department opinion issued last month. The opinion written by David Weil, administrator of the department's Wage and Hour Division, broadened the definition of what an employee is, and concluded that most workers are employees under the Fair Labor Standards Act. Workers cannot be classified as freelancers, or independent contractors, unless the circumstances of a job show they're economically independent of an employer, Weil said. Unless circumstances show workers are truly in business for themselves, they're employees, he said.

  • Tyson hit hard in 3 Q by rising beef costs and export issues

    Updated: 1 hr ago

    NEW YORK (AP) — Tyson Foods' third-quarter-profit leapt 32 percent, but that was still short of expectations and the company cut its outlook with high cattle costs expected to continue to weigh on revenue growth. "Unless beef market conditions improve rapidly, we will not achieve our previous guidance," CEO Donnie Smith said Monday. Tyson is also being hammered on exports with bans in some countries following a U.S. outbreak avian influenza, as well as a strong dollar. Company shares slid 9 percent in early trading. Net income for the quarter reached $343 million, or 83 cents per share. Earnings, adjusted for non-recurring gains, came to 80 cents per share.

  • US manufacturing growth slows in July

    Updated: 1 hr ago

    WASHINGTON (AP) — U.S. factories were a little less busy last month. The Institute of Purchasing Managers' manufacturing index slipped to 52.7 last month from 53.5 in June. Economists had expected the index to remain unchanged. Any reading above 50 indicates growth. The index was inadvertently released before the scheduled publication time of 10 a.m. Eastern Daylight Time, the institute said. The cause of the early release "is being researched by our team," said Bradley Holcomb, chair of ISM's manufacturing business survey committee. The index had risen in May and June before slipping last month. It hit a 12-month high of 58.1 last August. Factories' exports are contracting, partly because a strong dollar makes

  • Did you marry out of your league? Turns out you're not alone

    JJ Feinauer, Deseret News | Updated: Thu, Jul 2, 2015

    The idea that there are simply people too far above you, either in their looks or in their smarts, to date has been a staple of romantic comedies since the genre was first invented.

  • AT&T, as new owner of DirecTV, offers TV-wireless discount

    Updated: 1 hr ago

    NEW YORK (AP) — AT&T customers will save $10 a month and get a single bill for their TV and wireless services under a new package the company is offering after its $48.5 billion purchase of satellite TV company DirecTV last week. Under the new package, customers will get a single number to call for customer service. And employees at AT&T stores also will able to set up customers' phones so they can start watching TV through apps right away, even before service is installed in the living room. But the content on phones — a subset of what's available on regular TVs — won't differ from what DirecTV customers have already been able to get on their apps.

  • Boston Symphony Orchestra extends contract of music director

    Updated: 1 hr ago

    BOSTON (AP) — The Boston Symphony Orchestra is extending the contract of its music director, who last year became the orchestra's youngest conductor in a century. The orchestra announced Monday that 36-year-old Andris Nelsons' new eight-year contract will run through 2022. It replaces the original five-year deal that began in September. The new contract also includes an evergreen clause that reflects what the orchestra said was a "mutual desire" for a commitment beyond 2022. The Latvia-born Nelsons previously served as music director of the Latvian National Opera and the Birmingham Symphony Orchestra in England. He says in a statement that he's honored and excited to extend his future in Boston.

  • NY school problems highlight debate over outside 'receivers'

    Updated: 1 hr ago

    BUFFALO, N.Y. (AP) — The clock is ticking for leaders of New York's most chronically underperforming public schools, who under a new state law must quickly begin to turn things around or lose control to an outsider — a tactic that has produced mixed results elsewhere. Gov. Andrew Cuomo points to Massachusetts, where education officials say giving a state-appointed leader, or receiver, the freedom to lengthen school days, replace principals and make other changes has been working. But with 144 schools in 17 New York districts now targeted, opinions vary on whether taking schools, and broad powers, away from school boards is the answer.

  • Navy seeks out ways to squeeze more life out of attack subs

    Updated: 1 hr ago

    GROTON, Conn. (AP) — As it tries to get the most out of its $2.6 billion attack submarines, the U.S. Navy is finding a lot depends on the right paint job. A new painting process that helps keep marine life from fouling the hulls is among dozens of innovations aimed at reducing the maintenance needs for attack submarines, which are coming out of service faster than they can be replaced. The changes were developed by private and government shipyards in response to a request from the Navy, which wants to squeeze more service life out of each vessel. Other updates include water-resistant grease for hatches, a special coating on the metal rods that extend the bow planes to minimize deposits, and redesigned bearings to impr

  • College Textbook Prices Have Risen 1,041 Percent Since 1977

    Published: Mon, Aug 3, 2015

    Students hitting the college bookstore this fall will get a stark lesson in economics before they've cracked open their first chapter. Textbook prices are soaring. Some experts say it's because they're sold like drugs. According to NBC's review of Bureau of Labor Statistics (BLS) data, textbook prices have risen over three times the rate of inflation from January 1977 to June 2015, a 1,041 percent increase. "They've been able to keep raising prices because students are 'captive consumers.' They have to buy whatever books they're assigned," said Nicole Allen, a spokeswoman for the Scholarly Publishing and Academic Resources Coalition.

  • US auto sales strong in July on SUV, luxury demand

    Updated: 1 hr ago

    DETROIT (AP) — Summer deals and big demand for SUVs and luxury vehicles kept U.S. auto sales strong in July. Sales of new cars and trucks were expected to rise 3 percent to nearly 1.5 million, according to car shopping site TrueCar.com. General Motors and Fiat Chrysler both saw 6 percent sales gains over last July, while Honda and Nissan both saw 8-percent gains. Ford's U.S. sales rose 5 percent. Volkswagen sales rose 2 percent. Toyota's sales were flat, hurt by a big dip in car sales. Other automakers will report July sales later Monday. Automakers benefited from relatively low gas prices and surging sales of SUVs. Sales of Nissan's new Rogue jumped 51 percent. Ford's Escape, Edge and Explorer SUVs all saw doub

  • Optimism still blooms on Oklahoma canola despite this year's disastrous harvest

    BY MIKE COPPOCK For The Oklahoman | Published: Mon, Aug 3, 2015

    The amount of canola planted and harvested in the state has fallen each of the past two years.

  • OKC-based company obtains $20 million credit line for acquisitions

    FROM STAFF REPORTS | Published: Mon, Aug 3, 2015

    Foundation HealthCare Inc. said the availability of funds will enable company to act quickly to make acquisitions in selected markets.

  • Horizon asks for Depomed vote, files lawsuit in hostile bid

    Updated: 2 hr ago

    NEW YORK (AP) — Biotechnology company Horizon Pharma PLC asked Depomed Inc. to set a shareholder vote for its hostile takeover offer and is filing a lawsuit challenging the company's "poison pill" plan. In July, Dublin-based Horizon Pharma boosted its offer for drugmaker Depomed to $33 per share from a prior offer of $29.95 per share. Depomed rejected the first offer and adopted the poison pill plan, which is designed to make a hostile takeover more difficult. Newark, California-based Depomed rejected the second offer last week. It said it would review Horizon's latest request, as it pertains to the company's bylaws, if it receives that request Monday. It would fix a date no later than Aug. 31 to determine shareholders enti

  • 22 college majors with the highest starting salaries

    Published: Mon, Aug 3, 2015

    Salary potential shouldn't be the sole thing that attracts you to a major in college — things like passion, interest, and aptitude should also be considered. But it's still nice to know which degrees pay off the fastest. (And we can't blame you for being drawn to those.) PayScale, the creator of the world's largest compensation database, recently looked at the starting pay for millions of professionals and sorted the results by college major.




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