• Utility estimates LA-area gas leak to cost at least $250M

    Updated: 19 hr ago

    LOS ANGELES (AP) — The Latest on the gas leak near Los Angeles that was stopped for the first time in nearly four months (all times local): 2:47 p.m. The utility that had a natural gas well leaking nearly four months says it expects the incident will cost at least $250 million to $300 million. Southern California Gas Co. said Thursday that the cost estimates don't include potential damages from more than two dozen lawsuits, penalties from government agencies and expenses to mitigate pollution. SoCalGas says the estimate is for the costs of relocating as many as 6,400 families for many weeks and paying to have the leak stopped and the old well sealed. The company says it got the leak under control earlier i

  • Congress gives final OK to banning local Internet taxes

    Updated: 19 hr ago

    WASHINGTON (AP) — Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service. On a vote of 75-20, the Senate gave final congressional approval to the wide-ranging bill, which would also revamp trade laws. The White House said President Barack Obama will sign it. "The Internet is a resource used daily by Americans of all ages," said Senate Majority Leader Mitch McConnell, R-Ky., who brokered an agreement with a Democratic leader earlier this week that helped clear the way for passage. "It's important that they be able to do all of this without the worry of their In

  • NY man arrested after waving gun-like object on live TV

    Updated: 20 hr ago

    NEW YORK (AP) — New York City police say a Brooklyn man caught on camera waving what appeared to be a handgun behind a television reporter during a live broadcast has been arrested. Thirty-three-year-old Simon Khanukov was arrested Thursday on menacing and harassment charges. Police say Khanukov waved the weapon-like object while standing behind a WNBC-TV reporter during a live broadcast in front of Brooklyn Supreme Court. Police did not say what the object was. Information on Khanukov's lawyer wasn't immediately available. It happened Wednesday afternoon as reporter Michael George was speaking about the trial of a police officer charged with fatally shooting a man in a Brooklyn housing complex.

  • Obama says climate rule on 'strong legal footing'

    Updated: 20 hr ago

    ATHERTON, Calif. (AP) — President Barack Obama says he is very confident his administration is on "strong legal footing" in its defense of a key piece of his climate-change agenda. Obama is telling political donors in California that the Supreme Court's decision to freeze a new rule reducing power plant emissions is only a temporary setback. The power plant rule would aim to reduce carbon dioxide emissions at existing power plants by about one-third by 2030. But the court this week put it on hold until after legal challenges are resolved. The decision signaled that the justices believe opponents have made strong arguments against it. Speaking at a fundraiser, Obama told donors not to "despair.

  • Eminent domain possible issue in pipeline's passage in Iowa

    Updated: 20 hr ago

    DES MOINES, Iowa (AP) — Iowa utilities regulators are considering whether to allow a Texas company to bury 346 miles of a crude oil pipeline under farmland and give it authority to use eminent domain to force unwilling landowners to sign easements. Iowa is the only state yet to approve the permit for the $3.78 billion Bakken pipeline, which will carry about a half-million barrels of oil per day from North Dakota to Illinois, crossing through Iowa and South Dakota. The pipeline, to be built by Dakota Access, would stretch diagonally across 1,300 parcels of land and 18 counties in Iowa at a cost of $1 billion. Thursday was the fourth day of meetings for the three-member Iowa Utilities Board, and it has set additional meetings

  • Bleisure: Zika casts a pall on some company getaways

    Updated: 20 hr ago

    NEW YORK (AP) — It seemed like such a great idea: A company planned a business trip this winter to a warm place that would bring the entire staff together. But now, concerns about Zika are keeping 10 of the company's 50 employees home. The company, Parse.ly, an analytics company that helps digital media sites understand their content trends, has employees working from different locations across the U.S., Canada and Europe. A trip to a resort in the Dominican Republic was intended "to get everybody in the same location" for team-building, R&R and casual facetime, said Parse.ly CEO Sachin Kamdar. In the past, Parse.ly had held retreats in Montreal, upstate New York, Savannah, Georgia, and Florida.

  • Garmin buys Maine-based GPS products company DeLorme

    Updated: 21 hr ago

    YARMOUTH, Maine (AP) — Swiss-based Garmin Ltd. is buying DeLorme, a Maine-based producer of maps and hand-held satellite communications devices. Garmin said Thursday that DeLorme will operate as a research and development facility and most of its 92 workers will be retained. Under the deal, DeLorme will continue producing its state-specific "Atlas and Gazetteer" series but will close its map store. The company's lobby, which features a 42-foot-tall rotating globe dubbed "Eartha," will remain open to the public. The deal is expected to close in 30 to 60 days. Terms were not disclosed.

  • Cruz app data collection helps campaign read minds of voters

    Updated: 21 hr ago

    WASHINGTON (AP) — Protecting the privacy of law-abiding citizens from the government is a pillar of Ted Cruz's Republican presidential candidacy, but his campaign is testing the limits of siphoning personal data from supporters. His "Cruz Crew" mobile app is designed to gather detailed information from its users' phones — tracking their physical movements and mining the names and contact information for friends who might want nothing to do with his campaign. That information and more is then fed into a vast database containing details about nearly every adult in the United States to build psychological profiles that target individual voters with uncanny accuracy.

  • Mylan and Bank of America slide, TripAdvisor and Cisco climb

    Updated: 21 hr ago

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market: NYSE Bank of America Corp., down 82 cents to $11.16 Bank stocks slid after France's Societe Generale warned about its profits, adding to investors' worries about low interest rates. Twitter Inc., down 67 cents to $14.31 The microblogging site reported no user growth for the fourth quarter. Prudential Financial Inc., down $6.06 to $58 The financial services company's fourth-quarter profit fell short of Wall Street estimates. Devon Energy Corp., down 38 cents to $21.25 Energy companies slumped as the price of U.S. crude continued to fall. Nasdaq<

  • Utility says it has stopped natural gas leak near Los Angeles after nearly 4 months

    Updated: 21 hr ago

    LOS ANGELES (AP) — Utility says it has stopped natural gas leak near Los Angeles after nearly 4 months.

  • Campaign signs get new life to help people with disabilities

    Updated: 21 hr ago

    DURHAM, N.H. (AP) — The oversized Carly Fiorina campaign signs along New Hampshire's Route 4 weren't enough to keep the Republican presidential hopeful's campaign alive past Tuesday's primary, but they could end up helping people with disabilities live their lives more independently. For the past four years, University of New Hampshire professor Therese Willkomm has been seeking donations of discarded campaign signs for use in her occupational therapy classes, where students cut up the corrugated plastic to create assistive items ranging from tabletop iPad stands to a clip that can hold a sandwich for someone who can't use his arms.

  • Alaska adopts new rules for dispersant use in oil spills

    Updated: 21 hr ago

    ANCHORAGE, Alaska (AP) — Alaska oil spill responders have adopted new rules for the rapid use of chemical dispersant but say dispersant will continue to be considered only rarely when mechanical cleanup is not practical. Chemical dispersant has been used on an oil spill just once in Alaska in the last 40 years — in tests during the 11-million gallon crude oil spill that followed the 1989 grounding of the Exxon Valdez oil tanker. The preferred method of cleanup is mechanical, usually using boom to corral oil and skimmers to lift it from the water. Chemical dispersant does not remove oil but breaks it into small droplets that spread throughout the water column, making it more available to natural degradation by oil-eating m

  • What a recession does to your money

    Updated: 21 hr ago

    NEW YORK (AP) — If we are indeed in the midst of a recession — and we won't know we're in one until well after it's begun — stocks likely still have a long way to go down. The Standard & Poor's 500 index has dropped 14 percent since peaking last summer, and it joined markets around the world in another slide on Thursday. Worries are high that the sharp slowdown in China's growth, falling U.S. corporate profits and other downward pressures will pull the economy back into a recession. If a garden-variety one is on the way, the stock market's drop isn't even halfway done. Stocks have lost an average of 33 percent from top to bottom around past recessions, going back to 1929, according to a review by strategists at Cr

  • Boeing stock plunges on report of SEC accounting probe

    Updated: 21 hr ago

    NEW YORK (AP) — Shares of the Boeing Co. plummeted Thursday after a report said the U.S. Securities and Exchange Commission is investigating the aircraft manufacturer's accounting. Shares of the Chicago-based company fell 12 percent at one point during the day, about an hour after Bloomberg News published a report that said the SEC was looking into the cost and sales forecasts related to the 787 Dreamliner and 747. Asked for comment, Boeing spokesman Chaz Bickers told The Associated Press "we typically do not comment on media inquiries of this nature." SEC spokesman Kevin Callahan declined to comment. The stock pared its losses after some analysts said the concerns about the SEC were overblown. Shares closed down $7.9

  • Correction: Earns-Rapid7 story

    Updated: 21 hr ago

    BOSTON (AP) — In a story Feb. 10 about Rapid7 earnings — generated by Automated Insights using data from Zacks Investment Research — The Associated Press reported erroneously the company's full-year earnings. The company reported a net loss of $99.1 million, or $4 per share attributable to common stockholders for the year. A corrected version of the story is below: Rapid7 reports 4Q loss Rapid7 reports fourth-quarter loss but tops expectations BOSTON (AP) — Rapid7 Inc. (RPD) on Wednesday reported a loss of $21.1 million in its fourth quarter. The Boston-based company said it had a loss of 53 cents per share. Losses, adjusted for stock option expense and amortization costs, were 31 cents per share.

  • Oklahoma budget hole jumps to $1.3 billion amid downturn

    Updated: 21 hr ago

    OKLAHOMA CITY (AP) — Oklahoma finance officials say the hole in next year's budget has increased to $1.3 billion, or nearly 20 percent of last year's spending, amid depressed oil prices. The Office of Management and Enterprise Services announced Thursday that plunging revenue collections have widened the shortfall from the original projection of $900 million in December. A state panel led by Gov. Mary Fallin will meet next week to certify how much legislators can spend in the fiscal year that begins July 1. Fallin's Secretary of Finance Preston Doerflinger (DOR'-fling-ur) says since the board's December certification, oil prices fell 21 percent and the state's economy has continued to contract.

  • The Latest: Taylor has no problem letting voters decide pot

    Updated: 21 hr ago

    COLUMBUS, Ohio (AP) — The Latest from a forum for journalists organized by The Associated Press (all times local): 2:50 p.m. Ohio's Republican lieutenant governor says she's not thought a lot about whether Ohio should legalize medical marijuana through legislative action or by ballot initiative. Lt. Gov. Mary Taylor told reporters Thursday at a forum sponsored by The Associated Press that she has no problem letting Ohioans vote on the issue. But as a former legislator, she said she doesn't want to take away the ability of the General Assembly to have its say. Taylor said Ohio must gather input on the issue from medical professionals.

  • Shares of travel websites Expedia and TripAdvisor soar

    Updated: 22 hr ago

    NEW YORK (AP) — Shares of Expedia and TripAdvisor soared Thursday, even though the travel website companies reported differing results for the fourth quarter. Expedia's results were worse than Wall Street expected as costs piled up related to its acquisition of Orbitz, the company reported late Wednesday. But Expedia, which also runs Travelocity, Hotwire and other travel-related websites, said the number of hotel room nights booked in the quarter rose 39 percent. Shares of Expedia Inc., based in Bellevue, Washington, rose $8.23 or 8.7 percent, to $102.

  • Canadian Pacific creates website to argue for rail merger

    Updated: 22 hr ago

    OMAHA, Neb. (AP) — Canadian Pacific has created a website to showcase all of its arguments for its proposed takeover of Norfolk Southern railroad. Most of what's on the www.cpconsolidation.com website is from Canadian Pacific's previous statements and reports on the proposed merger. But the site also lists the question Canadian Pacific plans to ask Norfolk Southern shareholders this spring. Canadian Pacific wants Norfolk Southern investors to vote on whether they want the two railroads to discuss a merger. Norfolk Southern has rejected all of Canadian Pacific's takeover offers. The latest one was worth roughly $30 billion. Norfolk Southern doesn't plan to create its own website about the proposed deal.

  • Double the chaos: Amped-up funds flourish amid turmoil

    Updated: 22 hr ago

    NEW YORK (AP) — That second scoop or slice makes everything so much better. So why not double the fun investing, too? Investors in search of supercharged returns are plugging more dollars into investments that aim to give double or even triple the daily returns of boring old index funds. But even the companies behind these investments warn that they're not for everyone. The industry calls these investments leveraged funds, and they use futures contracts and other trading techniques to amplify gains — and losses. "They're not for mom-and-pop investors," says Michael Sapir, chief executive of ProShare Advisors, one of the biggest players in this niche of investing. "These are advanced portfolio tools to incorporate in




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