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  • Moelis & Co. names Cantor as vice chairman

    Updated: 10 min ago

    NEW YORK (AP) — Former House Majority Leader Eric Cantor is joining investment bank Moelis & Co. as vice chairman and managing director. Cantor — who had a surprising loss to David Brat in Virginia's June primary — will also become a board member, the New York company said Tuesday. As part of his responsibilities, Cantor will provide counsel to corporate and institutional clients. He will also be active in client development and advise clients on strategic matters. Cantor had been U.S. Representative for Virginia's 7th Congressional District. He served in the House of Representatives from 2001 to 2014.

  • Court halts ridesharing service Uber in Germany

    Updated: 13 min ago

    BERLIN (AP) — A court has barred ridesharing service Uber from operating in Germany, the latest shot in the popular app's fight with taxi drivers worldwide. Frankfurt state court spokesman Arne Hasse said Tuesday the decision that Uber can't offer its services without a specific permit under German transport laws applies nationwide. The injunction applies pending a full hearing of a suit brought against Uber by Taxi Deutschland, a German cab association that also offers its own taxi-ordering app. The suit is being heard in Frankfurt because it is one of the several German cities in which Uber operates. San Francisco-based Uber said in a statement it would use "all legal means" to fight the case. "It's never a go

  • Dollar General raises Family Dollar bid to $9.1B

    Updated: 16 min ago

    GOODLETTSVILLE, Tenn. (AP) — Dollar General upped its bid for the rival Family Dollar chain and addressed an earlier roadblock, saying that it will more than double the number of stores it would shed to tamp down the antitrust concerns of its takeover target. The newest bid is worth $9.1 billion, or $80 per share, up from $78.50 per share in the previous offer. Family Dollar, based in Matthews, North Carolina, rejected the earlier bid in favor of a lesser offer of $8.5 billion from Dollar Tree Inc., saying that regulators were less likely to stand in the way.

  • Select Income REIT adds to portfolio in $2.7B deal

    Updated: 26 min ago

    NEWTON, Mass. (AP) — Select Income REIT is spending about $2.7 billion in cash and stock to buy Cole Corporate Income Trust in deal that adds 64 office and industrial properties to the real estate investment trust's portfolio. The deal gives Select Income strategic distribution centers for companies like Amazon.com and headquarters locations for companies including Tesoro Corp. and Noble Energy Inc. The acquisition totals about $3 billion, counting the assumption of mortgage debt. Select Income also will sell 23 health care properties to Senior Housing Properties Trust for about $509 million once the Cole acquisition closes. That would knock the net purchase price of Cole for Select Income down to about $2.2 billion, not co

  • Ex-House majority leader joins investment bank

    Updated: 31 min ago

    RICHMOND, Va. (AP) — Former House Majority Leader Eric Cantor has a new job as vice chairman and managing director of a global independent investment bank. New York-based Moelis & Company announced Cantor's appointment Tuesday in a news release. Cantor lost his re-election bid in the June primary and left Congress in August. The Virginia Republican had served seven terms representing the state's 7th Congressional District. Cantor says in the release that he considered his career options and knew he wanted to join a firm with what he calls "a great entrepreneurial spirit that focused on its clients." Moelis & Company has 15 offices in North America, South America, Europe, the Middle East, Asia and Australia.

  • Report: Water shortages crimp China shale gas plan

    Updated: 36 min ago

    BEIJING (AP) — More than 60 percent of China's vast shale gas deposits are in regions with scarce water resources, complicating plans by the energy-hungry country to tap the natural gas, according to a U.S.-based research group. The World Resources Institute said China has the world's largest reserves of natural gas trapped in deep shale rock but most of it is in arid areas such as deserts or regions where farming and industry already stress water resources. Commonly known as fracking, shale gas mining requires pumping large quantities of water mixed with chemicals into deep wells to break apart shale rock. The institute said in a report issued Tuesday that 38 percent of the world's shale gas deposits are in areas with scar

  • Revel casino goes dark after just 2 years

    Updated: 45 min ago

    ATLANTIC CITY, N.J. (AP) — Revel Casino Hotel opened with a bang a little more than two years ago amid high hopes of turning around Atlantic City's struggling casino market. But the $2.4 billion resort went out with a whimper in the wee hours of the morning Tuesday, as its casino closed one day after the hotel checked out its last guest. The property that debuted at sunrise on April 2, 2012, with its then-president joining New Jersey Lt. Gov. Kim Guadagno in a blueberry smoothie toast, quietly ended operations as the last handful of gamblers, who never turned out in great enough numbers to keep Revel alive, filed out of the sleek glass tower. "When I started, it was promising. We had high hopes," said Liditze Diaz, a

  • AAA Michigan: Gas prices rise 8 cents in past week

    Updated: 2 hr ago

    DEARBON, Mich. (AP) — AAA Michigan says gasoline prices in the state rose about 8 cents in the last week. The auto club says that the average price of a gallon of self-serve regular unleaded gasoline was $3.59 on Monday. That's about 15 cents less than one year ago. Dearborn-based AAA Michigan surveys fuel costs at 2,800 Michigan gas stations daily. It says the cheapest price was $3.48 a gallon in the Traverse City area, and the most expensive was $3.62 in the Saginaw/Bay City/Midland and Flint areas. ___ Online: http://www.fuelgaugereport.

  • Electric bills increasing for KCP&L customers

    Updated: 2 hr ago

    JEFFERSON CITY, Mo. (AP) — Customers of Kansas City Power & Light Co. will be paying a little more each month for their electricity. The Missouri Public Service Commission says bills will be going up starting in September to account for higher fuel costs for the Kansas City-based utility. It says typical residential customers in the Kansas City service area will pay an additional $2.44 a month while customers in the St. Joseph service area will pay an additional $1.20 a month. KCP&L's Greater Missouri Operations Co. serves about 313,000 electric customers in the state.

  • Utility and national company to talk energy

    Updated: 3 hr ago

    ESSEX, Vt. (AP) — Officials from Vermont's largest utility and a national renewable energy company are going to announce plans for a project that they say would make the state as a leader in the movement toward cost-effective sustainable energy solutions. Gov. Peter Shumlin, officials from Green Mountain Power and NRG Energy will be making the announcement on Tuesday in Essex. The dean of the University of Vermont school of engineering will also attend the event.

  • Hearing set on power plant tax payment proposal

    Updated: 4 hr ago

    NEWBURGH, N.Y. (AP) — The owners of a reopening Hudson Valley power plant are seeking approval of a payment in lieu of taxes agreement. The Danskammer power plant in Newburgh is being converted from coal to natural gas. The owners say they'll save Hudson Valley ratepayers $100 million a year when it reopens in the fall. The Poughkeepsie Journal (http://pojonews.co/1vBeaZO ) reports that Danskammer Energy wants the Orange County Industrial Development Agency to grant a payment in lieu of taxes, or PILOT, under which they'd pay Marlboro School District and others based on the current $15 million assessed value of the property for 10 years. A public hearing on the matter is set for Wednesday morning in Newburgh Town Hall

  • Detroit's historic bankruptcy trial to begin

    Updated: 5 hr ago

    DETROIT (AP) — Lawyers for Detroit will attempt to convince a federal judge at the city's bankruptcy trial that its plans to wipe out billions of dollars in debt should be approved. After some delays, the start of the trial Tuesday in U.S. District Court comes just over 13 months after Detroit became the largest U.S. city to file for bankruptcy. Detroit expects to cut $12 billion in unsecured debt to about $5 billion, which is "more manageable," according to Bill Nowling, a spokesman for emergency manager Kevyn Orr. Most creditors, including more than 30,000 retirees and city employees, have endorsed the plan of adjustment put together by Orr and his restructuring team.

  • Buyer's remorse on Common Core for policymakers?

    Updated: 5 hr ago

    COLUMBUS, Ohio (AP) — Millions of students will sit down at computers this year to take new tests rooted in the Common Core standards for math and reading, but policymakers in many states are having buyer's remorse. The fight to repeal the standards has heated up in Ohio, with state Rep. Andy Thompson, a Republican, saying it's kind of "creepy the way this whole thing landed in Ohio with all the things prepackaged." It's playing out in Louisiana, where GOP Gov. Bobby Jindal is in a nasty feud involving his former ally, Education Superintendent John White. Jindal has sued the Obama administration, accusing Washington of illegally manipulating federal grant money and regulations to force states to adopt the Common Core educat

  • 50-state look at how Common Core playing out in US

    Updated: 6 hr ago

    A state-by-state look at the Common Core standards: ___ ALABAMA The state school board folded Common Core into the state's College and Career Ready Standards for public schools and has been defending the decision ever since. Legislators introduced bills in 2013 and 2014 to repeal the standards. The repeal movement drew support from tea party groups, but Senate President Pro Tem Del Marsh, a Republican, blocked the bills with the support of one of the state's most powerful business groups, the Business Council of Alabama. By Phillip Rawls. ___ ALASKA The state did not adopt Common Core, although several Alaska school districts did.

  • Achievers: Oklahoma City metro-area achievers

    Published: Tue, Sep 2, 2014

    Achievers: Oklahoma City metro-area achievers for Sept. 2.

  • Nonsurgical heart treatment helps seniors in Oklahoma City

    By Jim Killackey, For The Oklahoman | Published: Tue, Sep 2, 2014

    Integris Heart Hospital in Oklahoma City, and other state hospitals, offer a heart procedure for people including older men who may not be candidates for surgery.

  • Top South America hackers rattle Peru's Cabinet

    Updated: 7 hr ago

    LIMA, Peru (AP) — The Peruvian hackers have broken into military, police, and other sensitive government networks in Argentina, Colombia, Chile, Venezuela and Peru, defacing websites and extracting sensitive data to strut their programming prowess and make political points. Their latest stunt may be their most consequential. Emails that the LulzSecPeru hackers stole from the Peruvian Council of Ministers' network and dumped online last month fueled accusations that top Cabinet ministers have acted more like industry lobbyists than public servants. They helped precipitate a no-confidence vote last week that the Cabinet barely survived. The hackers are a compact, homegrown version of the U.S. and U.

  • Civil disobedience expected in fast-food pay fight

    Updated: 12 hr ago

    NEW YORK (AP) — McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the industry's workers. Kendall Fells, an organizing director for Fast Food Forward, said workers in a couple of dozen cities were trained to peacefully engage in civil disobedience ahead of this week's planned protests. Fells declined to say what exactly is in store for the protests in around 150 U.S. cities. But workers involved in the movement recently cited sit-ins as an example of strategies they could use to intensify their push for higher pay and unionization.

  • Inquiries begin into nude celebrity photo leaks

    Updated: 13 hr ago

    LOS ANGELES (AP) — The FBI said Monday it was addressing allegations that online accounts of several celebrities, including Oscar-winner Jennifer Lawrence, had been hacked, leading to the posting of their nude photographs online. The agency did not say what actions it was taking to investigate who was responsible for posting naked photos of Lawrence and other stars. Apple said Monday it was looking into whether its online photo-sharing service had been hacked to obtain the intimate images. Lawrence, a three-time Oscar nominee who won for her role in "Silver Linings Playbook," contacted authorities after the images began appearing Sunday. Naked images purporting to be of other female stars were also posted, although th

  • US eating habits improve a bit _ except among poor

    Updated: 14 hr ago

    CHICAGO (AP) — Americans' eating habits have improved — except among the poor, evidence of a widening wealth gap when it comes to diet. Yet even among wealthier adults, food choices remain far from ideal, a 12-year study found. On an index of healthy eating where a perfect score is 110, U.S. adults averaged just 40 points in 1999-2000, climbing steadily to 47 points in 2009-10, the study found. Scores for low-income adults were lower than the average and barely budged during the years studied. They averaged almost four points lower than those for high-income adults at the beginning; the difference increased to more than six points in 2009-10.