• Clinton says Puerto Rican economy deserves 'fair shot'

    Updated: 10 hr ago

    WASHINGTON (AP) — Hillary Rodham Clinton on Tuesday said Congress and the Obama administration should help Puerto Rico restructure its debts under a Chapter 9 bankruptcy, saying the island commonwealth needs partners to "get on a path toward stability and prosperity." In a statement, the Democratic presidential candidate stopped short of supporting a federal bailout but said Congress should give the U.S. territory the same ability to restructure its debts as U.S. municipalities and public corporations under the bankruptcy code. "We're not talking about a bailout, we're talking about a fair shot at success," Clinton said.

  • Hull damage forces Shell Arctic support ship back to dock

    Updated: 10 hr ago

    ANCHORAGE, Alaska (AP) — An icebreaker carrying a key piece of equipment for Arctic drilling planned by Royal Dutch Shell off the northern coast of Alaska was forced to return to dock after a hole more than three feet long was discovered in its hull, the company said Tuesday. It was unclear if the mishap would delay Shell's plan for drilling this summer. The crew of the Fennica discovered the leak in a ballast tank on Friday as the ship was leaving the channel in Dutch Harbor, Alaska, on its way to the Arctic, Shell spokesman Curtis Smith said. The company had not determined if repairs can be made to the breach measuring about 39 inches long and a half-inch wide while the ship remains in Dutch Harbor or if it will hav

  • Wolf attacks GOP budget, while senator pins stalemate on him

    Updated: 11 hr ago

    HARRISBURG, Pa. (AP) — Gov. Tom Wolf stood behind his demand for a new state budget, while a top Republican lawmaker on Tuesday said the week-old stalemate will last as long as Wolf insists on an income and sales tax increase to prop up state spending. The first-term Democratic governor told KDKA-AM in Pittsburgh that it might have been popular or easy to sign a $30.2 billion document passed solely by Republican state lawmakers, but it also would have been irresponsible. "We can't put up with this," Wolf said. "We need to get serious about putting the finances of Pennsylvania in order.

  • The battle for control of the growing breast milk industry

    Updated: 11 hr ago

    TRENTON, N.J. (AP) — It could trade for 400 times more than the price of crude oil and 2,000 times more than iron ore. If sold off the shelf, it could cost more than 150 times the price of a gallon of cow's milk and 15 times more than coffee. Going for as much as $4 per ounce, breast milk is a hot commodity that is emerging as a surprisingly cutthroat industry, one that states are seeking to regulate amid a battle for control between nonprofit and for-profit banks that supply hospital neonatal units. The debate among the for-profit and nonprofit organizations can be sharp-elbowed.

  • Hawaiian, Alaska, Delta top rankings of on-time airlines

    Updated: 11 hr ago

    Here are the government's rankings of the leading airlines and their on-time performance for May. The federal government counts a flight as on time if it arrives within 14 minutes of schedule. 1. Hawaiian Airlines, 90.9 percent 2. Alaska Airlines, 88.0 percent 3. Delta Air Lines, 87.2 percent 4. US Airways, 84.5 percent 5. JetBlue Airways, 84.3 percent 6. SkyWest, 82.1 percent 7. Southwest Airlines, 78.6 percent 8. American Airlines, 78.3 percent 9. ExpressJet, 77.6 percent 10. Envoy Air, 77.1 percent 11. United Airlines, 76.6 percent 12. Virgin America, 76.0 percent 13. Frontier Airlines, 73.1 percent 14. Spirit Airlines, 61.2 percent Total for all

  • Peabody Energy still chafes at strip-mining protest song

    Updated: 12 hr ago

    CHEYENNE, Wyo. (AP) — More than 40 years after it was first recorded, a strip-mining protest song still rankles one of the nation's largest coal mining companies. Peabody Energy Corp., which operates major mines in Wyoming, asked a federal judge in Casper to strike lyrics of singer-songwriter John Prine's 1971 song "Paradise" from a federal lawsuit filed by a pair of environmental activists who claim they were jailed for demonstrating at a company shareholders meeting.

  • Carnival aims to launch Miami to Cuba cruises in May

    Updated: 12 hr ago

    The world's largest cruise company could be heading to Cuba. Starting in May, Carnival Corp. plans to offer trips from Miami to the Caribbean island nation, the company announced Tuesday. Carnival says it would become the first American cruise company to visit Cuba since the 1960 trade embargo. The trips will be through its new brand, fathom, which focuses on trips where passengers sail to a destination in order to volunteer there. CEO Arnold Donald called the Cuba plans "an important first step" for his company and for the cruise industry. "We're certain this is the tip of the iceberg in what's going to come in the years to come," Donald told The Associated Press. The weeklong cruises will be aboard the Adonia, w

  • EPA chief: Climate plan on track despite mercury ruling

    Updated: 12 hr ago

    WASHINGTON (AP) — A Supreme Court ruling that undermined a federal rule targeting mercury pollution will not affect the Obama administration's plan to limit greenhouse gas emissions to slow the effects of global warming, the head of the Environmental Protection Agency said Tuesday. EPA Administrator Gina McCarthy said she was disappointed with last week's court ruling, but said comparing the mercury rule to the nearly finalized climate plan is "comparing apples and oranges." The Supreme Court, in a 5-4 decision, ruled June 29 that the EPA should have considered the costs and benefits of its plan before deciding to impose limits on mercury and other hazardous air pollutants.

  • Carnival aims to launch Miami to Cuba cruises in May

    Updated: 13 hr ago

    The world's largest cruise company could be heading to Cuba. Starting in May, Carnival Corp. plans to offer trips from Miami to the Caribbean island nation, the company announced Tuesday. Carnival says it would become the first American cruise company to visit Cuba since the 1960 trade embargo. The trips will be through its new brand, fathom, which focuses on trips where passengers sail to a destination in order to volunteer there. CEO Arnold Donald called the Cuba plans "an important first step" for his company and for the cruise industry. "We're certain this is the tip of the iceberg in what's going to come in the years to come," Donald told The Associated Press. The weeklong cruises will be aboard the Adonia, w

  • Airlines boost on-time rating but storms create long delays

    Updated: 13 hr ago

    WASHINGTON (AP) — The latest government report shows airlines doing a little better at arriving on time. The Transportation Department said Tuesday that 80.5 percent of flights operated by the leading airlines were on time in May, up from 76.9 percent in May 2014. But the on-time rating was down slightly from April's 81.8 percent, and 16 flights were stuck on the tarmac longer than federal rules allow. Ten of those flights were on the same stormy day at Bush Intercontinental Airport in Houston. Hawaiian Airlines, Alaska Airlines and Delta Air Lines had the best on-time ratings, while Spirit Airlines had the worst.

  • Qatar offshore rig faces months of repairs after accident

    Updated: 13 hr ago

    DUBAI, United Arab Emirates (AP) — A newly built Qatari offshore rig will need several months of repairs and maintenance after an accident off the Gulf nation's coast, its owner said Tuesday. The accident involved the jack-up accommodation rig "Rumailah" and happened Sunday in the al-Shaheen oil field, off Qatar's northeastern coast, according to a statement from Doha, Qatar-based Gulf International Services. The rig is owned by the company's Gulf Drilling International division, while Denmark-based Maersk Oil operates the overall al-Shaheen field. Both GIS and Maersk said all personnel were safely evacuated, and no injuries were reported. GIS described the accident as a "punch through incident," but gave no ad

  • Pair escape house explosion; gas, fire crews investigating

    Updated: 13 hr ago

    NORTH BRADDOCK, Pa. (AP) — A man and his wife managed to escape an explosion that badly damaged their Pittsburgh-area home and knocked it off its foundation on Tuesday, but fire crews and utility workers couldn't immediately determine a cause. Robert Kosko Jr., 62, told reporters outside his ruined North Braddock home that he was upstairs and his wife, Deborah, was in the basement when the explosion occurred shortly before 11 a.m. "I'm still in shock," Kosko said. "We were in the house, we got out safely, but the house just folded in." Peoples Natural Gas spokesman Barry Kukovich said crews were working with the Allegheny County fire marshal to ensure there were no gas leaks in the neighborhood and to determine whethe

  • Legislative Democrats introduce bills for breast milk banks

    Updated: 13 hr ago

    LANSING, Mich. (AP) — Members of the Democratic minority in the Michigan Legislature have introduced bills setting out rules for sharing of human breast milk in the state. Rep. Erika Geiss of Taylor has sponsored a measure to create standards for human milk banks in Michigan. When she announced the legislation in March, Geiss said repeated research shows that feeding breast milk to premature infants has both short- and long-term benefits for the babies. She says that's regardless of whether the milk comes from the mother or another woman. Geiss says many women don't know that donated breast milk is an option. Sen. David Knezek of Dearborn Heights has introduced companion legislation in the Senate. __

  • Rubio jabs both parties in economic pitch

    Updated: 13 hr ago

    CHICAGO (AP) — Republican presidential contender Marco Rubio called for lower corporate tax rates, looser Internet regulation and broader college accreditation on Tuesday, in an economic policy speech that denounced the old ways of both political parties yet drew from the longstanding GOP belief that tax cuts are the key to growth. Rubio jabbed at fellow Republicans, primarily for letting government grow so much in the 2000s, and Democrats, for policies that he said stifle job growth and "snuff out innovation" — namely, their push for a higher minimum wage and for tax increases on the wealthy. "We need in this country a new president for a new age," the Florida senator declared from the downtown Chicago offices of a digit

  • Panama City Beach rebounds after turbulent spring break

    Updated: 13 hr ago

    Following a spring break filled with shootings, an alleged gang rape and other mayhem, Panama City Beach is having a record-breaking summer tourism season as experts say the community did a good job of reacting to the negative news by quickly passing laws to curtail the chaos. Panama City Beach tourism tax collections are up 13.5 percent so far this year over the same period in 2014. Hotels are at capacity and spending is at record highs this summer. The area has seen a steady increase in visitors each of the past four years. Panama City Beach found itself in the national news twice in March after a gunman wounded seven partygoers at a spring break house party and, in a separate event, three men allegedly gang raped a woman o

  • US job openings stay high, but actual hiring falters in May

    Updated: 14 hr ago

    WASHINGTON (AP) — Job openings stayed close to a 15-year high in May. It's a sign that companies are expecting continued economic growth, but the level of advertised jobs hasn't driven the same kind of increase in actual hiring. The Labor Department said Tuesday that the number of open jobs rose 0.5 percent to 5.36 million in May. April's total was revised down to 5.33 million from 5.38 million, which had been the highest total during the 15 years that the government has tracked the data The stronger confidence among employers has yet to boost an even stronger level of hiring and pay raises that would fuel faster economic growth.

  • General Mills plans major move toward cage-free eggs

    Updated: 14 hr ago

    MINNEAPOLIS (AP) — Food maker General Mills announced a major move toward cage-free eggs Tuesday as part of an updated animal welfare policy that now extends throughout its global supply chain. The Golden Valley-based company committed itself to 100 percent cage-free eggs for its U.S. operations, a move several other large companies also have taken recently. The company did not set a deadline but said it will work with its suppliers to determine a "reasonable timeline," given the disruption that bird flu has caused to the U.S. egg supply. Eggs are an important ingredient in many products for General Mills, whose brands include Betty Crocker, Pillsbury, Progresso soups, Yoplait yogurt and Hamburger Helper.

  • Horizon Pharma makes hostile, $2.1B bid for Depomed

    Updated: 16 hr ago

    Horizon Pharma has gone hostile with an all-stock offer for Depomed valued at about $2.1 billion after its target rejected friendly overtures to talk about a deal. The Dublin-based company said Tuesday that it will take an offer of $29.25 of its stock for each Depomed share directly to that company's shareholders. The tax-free bid represents about a 42 percent premium to Depomed's closing price Monday. Shares of Depomed jumped $7.51, or 36.4 percent, to $28.15 in Tuesday morning trading. Horizon said that it has been trying to discuss a deal with Depomed Inc. since March, but that company's board has rejected its proposal and declined to start discussions.

  • IMF: Financial risks growing at US insurers, mutual funds

    Updated: 16 hr ago

    WASHINGTON (AP) — The International Monetary Fund warned Tuesday that American stock prices are high and U.S. insurers and mutual funds are vulnerable to financial shocks. It also urged Congress not to weaken financial regulations passed in 2010. The IMF says that American banks are stronger but that risk has risen elsewhere. Its previous assessment of the U.S. financial system was conducted five years ago. Overall, banks and insurance companies have increased their capital defenses against losses. But the IMF expressed concern about risks outside the banking sector. It warned the U.S.

  • US stocks edge lower in early trade as Greece talks proceed

    Updated: 17 hr ago

    NEW YORK (AP) — U.S. stocks are edging lower in early trading as European leaders meet to discuss Greece's strained finances. Materials stocks fell more than the rest of the market. Mining company Freeport-McMorRan dropped 5 percent, the most in the S&P 500. KEEPING SCORE: The Dow Jones industrial average was down 112 points, or 0.6 percent, to 17,574 as of 10:07 a.m. Eastern time. The Standard & Poor's 500 index lost 12 points, or 0.6 percent, to 2,056, while the Nasdaq composite fell 48 points, or 1 percent, to 4,942. GREECE: Greece and its creditors are holding talks in Brussels on Tuesday to discuss how to keep the country from falling out of the euro. Analysts say Greece has little time left before its bank




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