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PG&E says shareholders will bear cost of penalties
May 25, 2013
SAN FRANCISCO (AP) — Customers will not be paying the massive fines being sought by state regulators in the deadly 2010 pipeline explosion in San Bruno, but PG&E's shareholders will cover that cost, an official at Pacific Gas & Electric said Saturday. On Friday the utility said it thought the record $2.25... Read More
Feds won't prosecute wind farm for condor deaths
May 25, 2013
MOJAVE, Calif. (AP) — A Southern California wind farm has been assured by federal authorities that they won't prosecute if the company's whirring turbine blades kill any endangered California condors. The wind farm operated by Alta Windpower Development in the Tehachapi Mountains has been granted a right of way... Read More
Political landscape changes with improving economy
May 25, 2013
WASHINGTON (AP) — Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats. Amid a series of... Read More
May 25, 2013
WASHINGTON (AP) — Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats. Amid a series of... Read More
Lawmakers round the turn and come down the stretch
May 25, 2013
CARSON CITY, Nev. (AP) — Nevada lawmakers are rounding the final turn and heading down the backstretch of the final full week of the 2013 session. But there's still plenty of jockeying going on as lawmakers and lobbyists jostle and maneuver in a mad dash toward the June 3 finish line. Here are five things to... Read More
Automaker Tesla takes fight to North Carolina
May 25, 2013
RALEIGH, N.C. (AP) — Tesla Motors is fighting a bill in North Carolina that would effectively ban the company from selling its electric cars in the state, pitting it against auto dealers who say the car maker has an unfair advantage selling directly to consumers online. It's the latest such battle for... Read More
Radiation leak at Japan lab; small impact expected
May 25, 2013
TOKYO (AP) — An atomic research lab in northern Japan has reported a radiation leak that may have affected about 55 people, though none were hospitalized and no impact was expected outside the facility, the lab's operator said Saturday. The Japan Atomic Energy Agency said the accident occurred Thursday in its... Read More
May 25, 2013
TOKYO (AP) — An atomic research lab in northern Japan has reported a radiation leak that may have affected about 55 people, though none were hospitalized and no impact was expected outside the facility, the lab's operator said Saturday. The Japan Atomic Energy Agency said the accident occurred Thursday in its... Read More
New England editorial roundup
May 25, 2013
The Standard-Times of New Bedford (Mass.), May 24, 2013 Have you seen the TV ads skewering Sen. Kelly Ayotte, R-N.H., for voting against recent bipartisan legislation that would have expanded background checks on those who buy guns? "Senator Ayotte voted with the Washington gun lobby and, in doing so, disregarded... Read More
Malloy seeks review of Conn. trash authority
May 25, 2013
HARTFORD, Conn. (AP) — Gov. Dannel P. Malloy's administration is offering a bill in the final days of the legislative session that would require Connecticut's largest regional trash authority to undergo an extensive audit so the state can get a better handle on the organization's troubled finances. The... Read More
North Dakota oil production continues record pace
May 25, 2013
BISMARCK, N.D. (AP) — The Department of Mineral Resources says North Dakota oil drillers continue to pump crude at a record pace. The agency says the state produced an average of about 782,000 barrels per day in March. That's more than double the amount of barrels produced for the same month in 2011. The agency... Read More
Trustee opposes $20M payout to American Air CEO
May 24, 2013
The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed by bankruptcy law. Horton became CEO when American filed for Chapter 11 protection in November 2011. The proposed merger of US Airways Group Inc. and American calls... Read More
FDA warns of infections tied to Tennessee pharmacy
May 24, 2013
WASHINGTON (AP) — Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy. The Food and Drug Administration said Friday the problems involve seven patients who received steroid... Read More
Dollar and precious metals at a glance
May 24, 2013
NEW YORK (AP) — Key currency exchange rates Friday, compared with late Thursday in New York: Read More
Business Highlights
May 24, 2013
___ Summer travel forecast: Better, but no blowout NEW YORK (AP) — This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds. The good news: At some U.S. campgrounds these days you get live bands, air guitar... Read More
Business Highlights
May 24, 2013
___ Summer travel forecast: Better, but no blowout NEW YORK (AP) — This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds. The good news: At some U.S. campgrounds these days you get live bands, air guitar... Read More
Summary Box: Stocks little changed, end week down
May 24, 2013
WEEKLY LOSS: Major stock indexes ended the week lower for the first time since the week ending April 19. A disappointing manufacturing report out of China and a sharp fall in Japan's stock market rattled investors' nerves this week. But anxiety over the Federal Reserve's bond-buying program was the main culprit.... Read More
Southern Co. team weighing changes from renewables
May 24, 2013
ATLANTA (AP) — The Southern Co. is brainstorming ways it could more widely incorporate renewable energy, particularly solar power, into its traditional business model, CEO Thomas Fanning said this week. The southeast utility has assembled a brainstorming team tasked with considering how renewable energy... Read More
Pharmaceutical co. ISTA pleads in NY federal case
May 24, 2013
BUFFALO, N.Y. (AP) — ISTA Pharmaceuticals Inc. pleaded guilty on Friday in a federal case involving its eye drug Xibrom, admitting it promoted the drug for unapproved uses and agreeing to pay $33.5 million in fines and fees. ISTA, which was acquired by Rochester-based Bausch & Lomb Inc. last year, also pleaded... Read More
BC-Markets-At-A-Glance
May 24, 2013
NEW YORK (AP) — A snapshot of major stock and commodities market indicators Friday: 1,363 advances, 1,266 declines Most Active: Bk of Amer 13.24 +0.03 Comp Sales: 2,702,263,752 Arca Comp Sales: 967,056,513 1,273 advances, 1,172 declines Most Active: Facebook 24.313 —0.747 Nasdaq Sales: 1,422,359,076 DJ... Read More
US Treasury bond market at a glance
May 24, 2013
Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested: ___ 1. Bond Buyer index of 40 actively traded municipal bonds. Read More
Metals and agricultural futures prices slip
May 24, 2013
Metals prices are ending slightly lower, as are agricultural futures. Crude oil ended the week down 2 percent. Gold for June delivery fell $5.20 to $1,386.60 an ounce Friday. Prices for silver, platinum, palladium and copper also fell. Crop prices were also slightly lower. In July contracts, wheat fell 5.75... Read More
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