• Enbridge delays ND oil pipeline at least a year

    Updated: 39 min ago

    BISMARCK, N.D. (AP) — A Canadian company that wants to build the largest oil pipeline yet from western North Dakota's booming oil patch is delaying the project for at least a year due to permitting problems in Minnesota. Calgary, Alberta-based Enbridge Energy Partners LP disclosed the delay of the $2.6 billion Sandpiper pipeline in a filing Tuesday with the U.S. Securities and Exchange Commission. Enbridge is trying to build the 612-mile pipeline to carry 225,000 barrels of oil a day through northern Minnesota to a hub in Wisconsin. The pipeline was expected to be ready in early 2016, but because of a "longer than expected permitting process" in Minnesota, it likely won't be in service until 2017, Enbridge spokeswoman Katie

  • Shares of companies testing Ebola vaccines rise

    Updated: 56 min ago

    NEW YORK (AP) — Shares of some companies that are studying potential vaccines for Ebola climbed after federal officials announced that the first case of the disease has been diagnosed in the U.S. The Centers for Disease Control said a patient being treated at a hospital in Dallas tested positive for the disease. Ebola is believed to have sickened more than 6,500 people in West Africa, and more than 3,000 people have died. The World Health Organization has worked to speed up the use of some experimental vaccines and companies are ramping up testing. Earlier this month NewLink Genetics said it would start safety testing of a vaccine within a few weeks, while Inovio Pharmaceuticals said it would start human trials of a D

  • Michelin Guide knocks Daniel down to 2 stars

    Updated: 1 hr ago

    The Michelin Guide's latest roster of top New York City restaurants says Brooklyn and Queens are hot, but Daniel Boulud has lost a little sizzle. For the past three years, the same seven restaurants have held a virtual lock on the organization's coveted three-star rating: Daniel, Per Se, Masa, Le Bernardin, Eleven Madison Park, Jean Georges and Chef's Table at Brooklyn Fare. But this year, only six maintained the honor for the guide's 10th edition, which goes on sale Wednesday. Daniel, Boulud's flagship Upper East Side restaurant, was bumped down to two stars. "We obviously prefer to give stars than to take them away.

  • FTC to retailers: Drop your caffeinated drawers

    Updated: 1 hr ago

    PORTLAND, Ore. (AP) — If you purchased caffeine-infused underwear because of promises it will make you thinner, federal regulators say you were hoodwinked — but at least you can get your money back. The Federal Trade Commission announced this week that two companies have agreed to refund $1.5 million to consumers who purchased "shapewear" that supposedly can reduce cellulite and fat because it's infused with caffeine, vitamin E and other things. The FTC says there's no scientific evidence to back up those claims. In a settlement, Norm Thompson Outfitters of Oregon, and Wacoal America Inc. of New Jersey agree not to make claims that their products cause weight loss or a reduction of body size.

  • Judge eyes Trump Entertainment pension obligations

    Updated: 1 hr ago

    WILMINGTON, Del. (AP) — A Delaware bankruptcy judge will hold a hearing Thursday on a request by Trump Entertainment Resorts to be relieved of its pension obligations under a collective bargaining agreement with workers at the Taj Mahal casino. The judge had previously scheduled a mid-October hearing on Trump's request for permission to terminate the labor agreement as part of an effort to reorganize and avoid closing the casino in Atlantic City, New Jersey. But company attorneys have been unable to persuade the union to agree to replace the pension plan with a 401(k) plan. They said Tuesday that they need a quick decision on the pension liability because it could torpedo efforts to reorganize.

  • Windows 10 tries blending new with familiar

    Updated: 1 hr ago

    SAN FRANCISCO (AP) — Microsoft is trying to soften an unpopular redesign of Windows by reviving features from older versions while still attempting to nudge desktop users into a world of touch screens and mobile devices. The company on Tuesday gave an early preview of the new Windows 10 software, which it aims to begin selling by the middle of next year. Although the current version is called Windows 8, Microsoft says it's skipping ahead to Windows 10 to emphasize its effort to move forward. "Windows 10 represents the first step in a whole new generation of Windows," said Terry Myerson, executive vice president of Microsoft's operating systems group. Windows 8 was introduced two years ago as an answer to the growing d

  • SEC charges 2 with insider trading of Herbalife

    Updated: 1 hr ago

    NEW YORK (AP) — The Securities and Exchange Commission said Tuesday that it charged two men with insider trading after they learned that hedge fund manager Bill Ackman was betting against Herbalife Ltd.'s stock. The SEC said Filip Szymik, 28, was told by his roommate, then an analyst at Ackman's hedge fund, Pershing Square Capital Management, that Ackman was going to announce a negative view of Herbalife Ltd. The roommate was not named by the SEC because he is not accused of wrongdoing. The SEC said that Szymik then told another friend, 30-year-old Jordan Peixoto, that Ackman was going to announce a negative view of Herbalife. Ackman has bet heavily against the weight loss and nutritional company and described it as a

  • Exxon fracking report responds to shareholders

    Updated: 1 hr ago

    NEW YORK (AP) — Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation. Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to reveal more about how it manages the risks involved with the drilling technique, known as fracking.

  • 2nd bidder named in auction of failed Revel casino

    Updated: 1 hr ago

    ATLANTIC CITY, N.J. (AP) — A Canadian asset management firm that owns casinos in Las Vegas and the Bahamas has been identified as a second bidder in the ongoing bankruptcy auction of the failed Revel Casino Hotel in Atlantic City. In a court filing Tuesday, Revel's attorneys identified Brookfield Asset Management as a bidder. That firm is vying with Florida developer Glenn Straub for the right to buy the $2.4 billion Revel for pennies on the dollar. Straub's attorney says there are apparently only two bidders, and that Straub's offer of $95 million is the current high bid. Brookfield owns the Hard Rock Hotel & Casino in Las Vegas, and the Atlantis Paradise Island in the Bahamas.

  • Brain injury group: Concussion award scheme flawed

    Updated: 1 hr ago

    PHILADELPHIA (AP) — A national brain injury group has condemned the proposed payout scheme for NFL concussion claims as "deeply flawed," saying it excludes many former players suffering from mood swings, depression, aggression and other related problems. The Brain Injury Association of America said the plan favors former players with memory problems and certain neuromuscular diseases but leaves out those with other symptoms that can stem from brain trauma. "Many of the physical, neurological and neurobehavioral consequences of TBI (traumatic brain injury) are missing from the list of qualifying diagnoses," the association said in a court filing on Tuesday. "The settlement's approach ... is deeply flawed.

  • Former NBA player George seeks new fraud trial

    Updated: 1 hr ago

    NEWARK, N.J. (AP) — A former NBA player convicted of wire fraud in an alleged real estate Ponzi scheme is seeking to have his conviction thrown out and claiming prosecutorial misconduct, among other allegations. Tate George said in a recent court filing that his conviction last fall should be reversed for several reasons, including that the government used a witness who lied on the stand and that prosecutors never proved that investors suffered losses due to any illegal actions by him. George also claimed his attorney didn't try to present documents and testimony into evidence that could have proved his innocence. Attorneys were scheduled to make oral arguments on George's motion Tuesday in Trenton, but the hearing was post

  • Judge rules against investors in gov't dispute

    Updated: 1 hr ago

    WASHINGTON (AP) — A federal judge on Tuesday ruled against investors who are trying to collect billions of dollars in profits of government-chartered mortgage companies Fannie Mae and Freddie Mac. The decision by U.S. District Judge Royce Lamberth to dismiss the investors' lawsuits was a victory for the government. "There can be no doubt" that the investors understood the risks involved in investments in closely regulated companies such as Fannie Mae and Freddie Mac, Lamberth wrote, and therefore have no reasonable expectation of profiting. During the recent mortgage crisis, the government pumped $187 billion into the troubled companies, which have since recovered and now have quarterly profits running into the billio

  • Drug and device firms paid $3.5B to care providers

    Updated: 1 hr ago

    WASHINGTON (AP) — From research grants to travel junkets, drug and medical device companies paid doctors and leading hospitals billions of dollars last year, the government disclosed Tuesday in a new effort to spotlight potential ethical conflicts in medicine. The value of industry payments and other financial benefits totaled nearly $3.5 billion in the five-month period from August through December 2013, according to the Centers for Medicare and Medicaid Services, which released the data. The massive trove of information named companies and many of the recipients. Also listed were types of payments, with details down to travel destinations. Some 546,000 clinicians and 1,360 teaching hospitals received benefits.

  • Stocks slip, leaving S&P 500 down for September

    Updated: 2 hr ago

    NEW YORK (AP) — A suddenly stormy month on the stock market came to a quiet end on Tuesday. Major indexes drifted to a slight loss, leaving the Standard & Poor's 500 down 1.6 percent for September, its third monthly drop this year. The market spent Tuesday wavering between minor gains and losses, but there were big moves beneath the surface. Crude oil prices plunged, dragging down Chevron and other oil and gas companies. Ford Motor fell after cutting its profit forecast, while eBay jumped after announcing plans to spin off PayPal. Trading has turned choppy over recent weeks. Lingering concerns over conflicts around the world, corporate profits and the strength of the global economy have all played a role, said Robert Pavlik

  • A look at California's landmark plastic bag ban

    Updated: 2 hr ago

    SACRAMENTO, Calif. (AP) — California Gov. Jerry Brown on Tuesday signed the nation's first statewide ban on single-use plastic shopping bags, following the lead of more than 100 California cities and counties. The fight between environmentalists and manufacturers is not over, as plastic bag makers vow to take their opposition to the ballot box. Here are some key things to know about the landmark legislation: WHAT DOES THE LAW DO? SB270 targets plastic bags provided at check-out counters at grocery stores, pharmacies, convenience stores and liquor shops. It does not apply to non-food retailers such as clothing and electronics shops, nor does it apply to the plastic bags provided at grocery stores for produce and meat.

  • Texas city sued over fracking moratorium

    Updated: 2 hr ago

    DENTON, Texas (AP) — A group of mineral royalty owners has sued the city of Denton over its temporary ban on hydraulic fracturing, claiming the ban violates property rights. City leaders halted fracking as they consider making their city the first in the state to permanently ban the practice. Denton lawyer Charles Chandler Davis filed a lawsuit in Denton County earlier this month on behalf of Arsenal Minerals and Royalty, NASA Energy Corp. and his son's trust fund, claiming more than $1 million in damages. City spokeswoman Alison Ream said Tuesday it's the first time Denton has been sued on the issue. Other royalty owners and former state officials have threatened Denton with a cascade of suits if an outright fracking

  • Colorado's pot market getting new competition

    Updated: 2 hr ago

    DENVER (AP) — Colorado's new marijuana industry is in for a brand new element Wednesday — competition. The state gave medical marijuana dispensaries and growers a nine-month exclusive on the new recreational pot business, fearing an unmanageable explosion of new businesses. The grandfathering period expires Wednesday, meaning pot shops and growers who weren't in business before voters approved recreational pot in 2012 are just now able to enter the market. "There's going to a price war coming. It's inevitable," predicted Toni Fox, a marijuana grower and owner of a Denver pot shop. Fox has received a license for a second shop opening Wednesday in Salida. Colorado is issuing licenses for 46 more pot shops, in ad

  • Montpelier gets boost in eliminating fossil fuels

    Updated: 2 hr ago

    MONTPELIER, Vt. (AP) — A long-term plan to eliminate the state capital city's dependence on fossil fuels is getting a boost from two new projects: one to install more solar panels at an insurance company and another to meet more heating needs with a new biomass heating facility. On Tuesday, Gov. Peter Shumlin and officials with National Life Group insurance and financial services company marked the beginning of construction of the 500-kilowatt solar array that coupled with an existing array will provide 15 percent of the company's power and 3 percent of the city's power.

  • USC among recipients of federal innovation grant

    Updated: 2 hr ago

    LOS ANGELES (AP) — The University of Southern California is among 24 colleges and universities picked by the U.S. Education Department for a federal "First in the World" grant to foster innovation, officials said Tuesday. The $3.2 million will go toward expanding a role-playing video game called "Mission: Admission" that is designed to help students learn to navigate the college application process, USC researcher Zoe Corwin said. The university started the Facebook game to make the process less intimidating for low-income students who are often the first in their families to go to college. The game allows young people to have fun while familiarizing them with the language and rules of the college application process, Corwi

  • What's PayPal's first solo move?

    Updated: 2 hr ago

    NEW YORK (AP) — PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challenger Apple Pay. For eBay, the challenge will be how to drive revenue without its fastest-growing division. The move marks a 180-degree turn for eBay Inc. CEO John Donahoe, who had been adamant in spurning activist investor Carl Icahn's call months ago to spin off PayPal. Donahoe, who will step down after the split is finalized in the second half of next year, said he now agrees that it's the right path for both companies.