• Contractor to continue cleanup of federal 'legacy' wells

    Updated: 13 hr ago

    ANCHORAGE, Alaska (AP) — A contractor will begin work this month remediating six "legacy" wells drilled by the federal government decades ago in the National Petroleum Reserve-Alaska. The Bureau of Land Management and the Army Corps of Engineers are overseeing remediation work. The Corps awarded a $10 million contract to Marsh Creek, LLC to plug Umiat Wells 1, 3 and 11 and to remove wellheads at Umiat Wells 4, 8, and 10. The Navy and the U.S. Geological Survey drilled more than 130 exploratory wells between 1944 and 1982. BLM took over management of the petroleum reserve in 1976. The agency says it has plugged 18 wells and remediated four reserve pits at a cost of nearly $86 million since 2002.

  • Nasdaq composite closes above 5,000 for first time since peak of dot-com bubble 15 years ago

    Updated: 13 hr ago

    NEW YORK (AP) — Nasdaq composite closes above 5,000 for first time since peak of dot-com bubble 15 years ago.

  • Energy company says it has secured funding for wind farm

    Updated: 13 hr ago

    PROVIDENCE, R.I. (AP) — The energy company planning an offshore wind farm near Block Island says it has secured more than $290 million in financing to move forward with the project. Deepwater Wind announced Monday that its subsidiary Deepwater Wind Block Island has reached financial close on the Block Island Wind Farm, which is already under construction. The company says Societe Generale of Paris, France, and KeyBank National Association of Cleveland, Ohio. are providing the project financing. The company says this is in addition to the $70 million in equity funding already provided by the company's existing owners, an entity of the D.E. Shaw Group.

  • Curt Schilling fires back after offensive Twitter posts

    Updated: 13 hr ago

    PROVIDENCE, R.I. (AP) — Former Boston Red Sox pitcher Curt Schilling is firing back at cyberbullies who posted offensive comments about his daughter on Twitter. Schilling congratulated his daughter on Twitter last week after she was accepted into Salve Regina University, where she'll play softball next year. Multiple people posted vulgar and sexually explicit comments about her. Schilling wrote on his blog Sunday the ignorance and lack of morals and integrity are astounding. He reposted Tweets and has identified some of the people responsible. He says it's never OK for a man to talk about a woman like that and it's time for it to stop. Schilling also played for the Philadelphia Phillies and the Arizona Diamondba

  • Next Google Maps adventure: Soaring through Amazon jungle

    Updated: 13 hr ago

    SAN FRANCISCO (AP) — For its next technological trick, Google will show you what it's like to zip through trees in the Amazon jungle. The images released Monday are the latest addition to the diverse collection of photos supplementing Google's widely used digital maps. The maps' "Street View" option mostly provides panoramic views of cities and neighborhoods photographed by car-mounted cameras, but Google also has found creative ways to depict exotic locations where there are no roads. In its latest foray into the wilderness, Google teamed up with environmental protection group Amazonas Sustainable Foundation, or FAS, to explore a remote part of an Amazon rainforest in Brazil. Google Inc.

  • Judge: Ethanol plant must pay sex harassment victim's wages

    Updated: 14 hr ago

    IOWA CITY, Iowa (AP) — An Iowa ethanol company must pay an additional $1.1 million in wages and attorneys' fees to a former employee who was already awarded $1.4 million in damages for sexual harassment, a judge ruled Monday. Homeland Energy Solutions must also amend its employment policies and procedures to prevent harassment and discrimination and train employees on the changes within 90 days, District Judge John Bauercamper ruled. The rulings come in a civil lawsuit filed by Tina Haskenhoff, who worked as a laboratory manager at the company's ethanol plant in the tiny northeastern town of Lawler. A Chickasaw County jury awarded Haskenhoff $1.

  • Longtime ban on cellphones at NYC public schools is lifted

    Updated: 14 hr ago

    NEW YORK (AP) — A longtime ban on cellphones at New York City public schools has been lifted. Mayor Bill de Blasio had promised during his 2013 mayoral campaign to overturn the ban. The city had announced in January that the ban would be lifted. The change went into effect Monday. De Blasio called it "a common-sense action" that would give parents peace of mind. Each school will have an individualized policy determined by its principal, with input from parents and teachers. It could include allowing students to use their phones during lunch or in designated areas and storing them in their backpacks during class. The ban was put in place by former Mayor Michael Bloomberg.

  • Judge puts Mississippi AG's investigation of Google on hold

    Updated: 14 hr ago

    JACKSON, Miss. (AP) — The Mississippi attorney general's attempt to investigate Google is on hold for at least four more months. U.S. District Judge Henry T. Wingate on Monday granted Google's request for a preliminary injunction, preventing Attorney General Jim Hood from going through with a subpoena meant to examine whether Google is facilitating others' illegal activities on its sites. The injunction will also bar Hood from filing civil or criminal charges for now. The Internet giant, based in Mountain View, California, argued that Hood's investigation is blocked by a 1996 federal law that says Internet services are immune from lawsuits over what third parties say using the services.

  • Duke Energy says it will drop nuclear fee off Florida bills

    Updated: 15 hr ago

    TALLAHASSEE, Fla. (AP) — One of Florida's largest power companies says it will go ahead and drop a nuclear power fee now charged to customers. State regulators last October ordered Duke Energy Florida to refund $54 million it collected from ratepayers to pay for a failed nuclear plant in Levy County. Duke on Monday filed a request that asks state regulators to approve a proposal to drop an average $3.45 a month charge from bills. A spokesman for Duke said the charge could be removed as soon as this summer. Duke announced in 2013 it was abandoning plans to build the plant in Levy County on Florida's Gulf coast. Some of Duke's billing practices have created an outcry.

  • Costco strikes credit card deal with Citi, Visa

    Updated: 15 hr ago

    NEW YORK (AP) — Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network. The deal is subject to Citi buying the company's co-branded credit card portfolio, Costco said. Costco and American Express ended their partnership after failing to reach an agreement on renewal terms. American Express said earlier this month that the relationship, which goes back 16 years, is set to expire March 31, 2016. Costco says the deal with Visa and Citigroup Inc. would take effect the next day. The deal means that Visa will be the only credit cards accepted at Costco stores.

  • US consumer spending, adjusted for inflation, rose in Jan.

    Updated: 16 hr ago

    WASHINGTON (AP) — U.S. consumers spent less for a second consecutive month in January, but the weakness came from a big decline in gas prices. Excluding price changes, consumer spending was up in January and analysts expect strong income gains will fuel further solid increases in spending in the months ahead. Consumer spending declined 0.2 percent in January following a 0.3 percent drop in December, the Commerce Department reported Monday. But the weakness in both months was heavily influenced by big declines in gas prices. Excluding price changes, consumer spending rose 0.3 percent in January and would have been down a smaller 0.1 percent in December. Income grew 0.3 percent in January as wages and salaries increased a st

  • HP's big deal: Tech giant buys Aruba Networks for $2.7B

    Updated: 16 hr ago

    SAN FRANCISCO (AP) — Hewlett-Packard is buying wireless networking company Aruba Networks for about $2.7 billion, in what amounts to HP's first major acquisition since its disastrous purchase of a British software company in 2011. Aruba, based in Sunnyvale, California, makes Wi-Fi networking systems for shopping malls, corporate campuses, hotels and universities. Its business has grown as more people are using mobile devices at work, school and elsewhere. Aruba may help HP capitalize on that trend, which has cut into sales of traditional HP products such as desktop computers. The deal also could help HP compete with tech rivals such as Cisco Systems and gain new access to Asian markets, particularly in China.

  • Morgan Stanley expects lawsuit from NY Attorney General

    Updated: 16 hr ago

    NEW YORK (AP) — Morgan Stanley, which agreed to a $2.6 billion settlement with the federal government last week, says it expects to be sued by New York Attorney General Eric Schneiderman over subprime mortgage bonds. The investment bank says it was told about the lawsuit in January and that it will involve about 30 subprime securities. Morgan Stanley say the lawsuit will say that it misrepresented or omitted important information related to the loans, including Morgan Stanley's due diligence and the valuation of the loans in the bonds, as well as the properties securing them. Morgan Stanley disclosed the potential lawsuit in a form filed with the Securities and Exchange Commission. The New York Attorney General's office dec

  • Judge puts AG's attempt to investigate Google on hold

    Updated: 16 hr ago

    JACKSON, Miss. (AP) — The Mississippi attorney general's attempt to investigate Google is on hold for at least four more months. U.S. District Judge Henry T. Wingate on Monday granted Google's request for a preliminary injunction, preventing Attorney General Jim Hood from going through with a subpoena meant to examine whether Google is facilitating others' illegal activities on its sites. The injunction will also bar Hood from filing civil or criminal charges for now. The Internet giant, based in Mountain View, California, argued that Hood's investigation is blocked by a 1996 federal law that says Internet services are immune from lawsuits over what third parties say using the services.

  • Forbes List: 10 richest people in the world

    Updated: 16 hr ago

    NEW YORK (AP) — Bill Gates, the founder of technology company Microsoft Corp., topped Forbes' 2015 list of the world's top billionaires for the second straight year. In 2013, Mexican billionaire Carlos Slim Helu was on top. He ranked second this time. Forbes said it calculated each person's net worth based on stock prices and exchange rates on Feb. 13, 2014. Here's a list of the Top 10: 1. Bill Gates Net worth: $79.2 billion Source of wealth: Technology company Microsoft Corp. Nationality: American 2. Carlos Slim Helu Net worth: $77.1 billion Source of wealth: Telecommunications Nationality: Mexican 3. Warren Buffett Net worth: $72.

  • Norfolk Southern names James Squires as CEO

    Updated: 16 hr ago

    NEW YORK (AP) — Norfolk Southern named company President James Squires as its next CEO, the railroad company said Monday. Squires will replace 63-year-old Charles "Wick" Moorman on June 1. Moorman, who has been CEO for about nine years, will stay on as executive chairman of the company's board. Squires, 53, joined Norfolk Southern in 1992. He has held several positions in the law department. He was named president in 2013. Norfolk Southern operates about 20,000 miles of railroad around the country. It transports coal, auto and industrial products. In its fourth quarter, the company reported profit that was slightly lower from a year ago as coal demand weakened from utilities and export markets. Shares of Norfolk

  • PayPal to acquire mobile wallet provider Paydient

    Updated: 16 hr ago

    NEW YORK (AP) — EBay's PayPal payment unit is acquiring mobile wallet operator Paydient ahead of PayPal's spinoff as the mobile payment sector heats up. Paydient provides a mobile wallet platform for retailers and companies including Subway, Harris Teeter, Capital One and others. They also provide the mobile wallet platform for MCX, a mobile pay consortium whose members include many of the world's largest retailers, including Walmart, Target, Sears, CVS and many others. Competition in the mobile wallet sector is heating up with the launch of Apple Pay, Samsung offering Samsung Pay beginning this summer and Google teaming up with Verizon Wireless, AT&T and T-Mobile to have its Google Wallet payment service built into Android

  • Indian Point 3 shuts down for planned refueling

    Updated: 17 hr ago

    BUCHANAN, N.Y. (AP) — New York's Indian Point 3 nuclear power plant has been shut down for a planned refueling. Entergy said Monday that it's investing more than $50 million to complete the refueling and other projects at the plant known as Unit 3. A refueling usually takes about a month. Indian Point's Unit 2 plant will continue at full power. The Indian Point Energy Center, in Buchanan, supplies electricity for homes, businesses and public facilities in New York City and Westchester County.

  • US stocks head higher; Nasdaq touches 5,000 points

    Updated: 17 hr ago

    NEW YORK (AP) — The U.S. stock indexes headed higher as deals and economic news gave the market a lift. The Nasdaq briefly touched 5,000, the first time the tech-heavy index has hit that mark in nearly 15 years. The Dow Jones industrial average rose 124 points, or 0.7 percent, to 18,256 as of 11:45 a.m. Eastern time Monday. The Standard & Poor's 500 index rose eight points, or 0.4 percent, to 2,112. The Nasdaq composite gained 34 points, or 0.7 percent, to 4,997. Freescale Semiconductor jumped 10 percent after agreeing to be acquired by Dutch chipmaker NXP Semiconductors. The government reported that personal income edged up and spending rose in January when adjusted for inflation, reflecting a slide in ga

  • Rhode Island gas prices up 8 cents per gallon

    Updated: 17 hr ago

    PROVIDENCE, R.I. (AP) — Rhode Island gas prices have climbed another 8 cents per gallon in the past week. A weekly survey by AAA Northeast released Monday finds that the average price of a gallon of regular was up to $2.37. Rhode Island prices are 29 cents higher per gallon than a month ago and $1.18 lower than on the same date a year ago. The current price is 6 cents less than the national average. AAA says self-serve, regular is selling for as low as $2.27 and as high as $2.49 per gallon. AAA says prices are rising due to seasonal maintenance at refineries and volatile global crude oil prices, and will likely continue to rise this spring.




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