• Masco spinning off installation division

    Updated: 20 hr ago

    TAYLOR, Mich. (AP) — Building products maker Masco is spinning off its installation and other services division in a series of moves aimed at boosting shareholder value. Shares of the maker of Delta faucets, Behr paint and Merillat cabinets climbed more than 8 percent in Tuesday premarket trading. The installation and other services unit includes Masco Contractor Services, an insulation installer, and Service Partners, a distributor of residential insulation products and related accessories. Once the separation takes place, Masco will remain headquartered in Taylor, Michigan. The company will continue to be listed on the New York Stock Exchange under the "MAS" ticker symbol.

  • 'This Changes Everything' tackles global warming

    Updated: 21 hr ago

    "This Changes Everything: Capitalism vs. the Climate" (Simon & Schuster), by Naomi Klein Cutting the vast amounts of man-made pollution that feed global warming is an enormous challenge for societies that gobble up coal, oil and gas. But in "This Changes Everything," Naomi Klein argues that those fuels aren't the root problem — capitalism is. That message is likely to motivate fans of Klein's earlier books, such as "No Logo" and "The Shock Doctrine," but it also leads to a tough question. Is blaming capitalism for climate change just rhetorical hot air — or a brutal and uncomfortable truth? Whatever side you take, Klein deserves credit for not sugarcoating the problem.

  • EBay to split PayPal business off into separate company next year

    Updated: 22 hr ago

    SAN JOSE, Calif. (AP) — EBay to split PayPal business off into separate company next year.

  • Albania borrows $150 million to improve power grid

    Updated: 23 hr ago

    TIRANA, Albania (AP) — The World Bank is lending Albania $150 million (€118 million) to help overhaul its dysfunctional state-run power sector and pay for electricity imports from other Balkan states. The Energy Ministry said Tuesday the loan will also be used to boost the efficiency of bill collection from power consumers — some 400,000 of whom have been cut off over the past year for outstanding debts. The two state companies responsible for electricity generation — mostly through hydroelectric plants — and distribution lost $550 million (€433 million) this year, largely due to unpaid bills. Because of poor infrastructure maintenance and widespread electricity theft, only about 58 percent of all power ente

  • Climate plan faces test in Montana coal country

    Updated: 23 hr ago

    BILLINGS, Mont. (AP) — Gov. Steve Bullock's assertion that Montana can meet the Obama administration's climate goals without shutting down power plants will get its first public test in the heart of coal country. State officials plan a Tuesday public meeting in Colstrip on the U.S. Environmental Protection Agency proposal to cut greenhouse emissions. The town is home to one of the largest coal-fired power plants in the West — a 2,100-megawatt facility that churns out more greenhouse gases than any other source in Montana. But it's also a regional economic driver with 360 workers. Hundreds more are employed at the nearby Rosebud mine. Bullock says the state can keep such plants open.

  • Parnell, Walker clash on spending, gas line

    Updated: Mon, Sep 29, 2014

    JUNEAU, Alaska (AP) — Republican Gov. Sean Parnell clashed with his major rival, independent Bill Walker, on state spending and a gas-line project during a debate in Juneau on Monday. Parnell also sniped at Walker teaming up with Byron Mallott, who abandoned his Democratic bid for governor to be Walker's running mate in order to create a ticket deemed to be more competitive with Parnell. Parnell said voters were disenfranchised by the partnership, which followed the August primary and resulted in the candidates' initial running mates stepping aside. A judge has upheld the pairing. Walker, who lost the GOP primary to Parnell in 2010, said he wants a nonpartisan administration and to have a true team effort, with Mallot

  • Dominion natural gas exports plan gets federal OK

    Updated: Mon, Sep 29, 2014

    WASHINGTON (AP) — Dominion Energy received federal approval late Monday to export liquefied natural gas from its Cove Point terminal on the Chesapeake Bay in Maryland. In its decision, the Federal Energy Regulatory Commission concluded that the project, as approved with conditions, would minimize potential adverse impacts on landowners and the environment. FERC has approved three other LNG export projects, but this is the first one on the East Coast. The others are in the Gulf of Mexico. "We are pleased to receive this final approval that allows us to start constructing this important project that offers significant economic, environmental and geopolitical benefits," said Diane Leopold, president of Richmond, Virginia

  • Boston City Council members weigh $25K pay raise

    Updated: Mon, Sep 29, 2014

    BOSTON (AP) — Boston City Council members kicked off a discussion Monday on possibly giving themselves each a $25,000 raise to bring their salaries more in line with their counterparts in New York and other major U.S. cities, even as questions arise over whether the proposal violates Massachusetts law. The full-time council has not had a pay raise since 2006, and City Council President Bill Linehan, who introduced the proposal earlier in September, said it is long overdue. The proposal calls for a nearly 29 percent pay hike, from $87,500 a year to $112,500 — roughly the same salary as council members in New York, the nation's most populous city with about 8.4 million residents. Boston has a population of about 645,000.

  • Gov't settles with newspaper over seized notes

    Updated: Mon, Sep 29, 2014

    WASHINGTON (AP) — The Obama administration is ordering a review of training for Coast Guard criminal investigators as part of settlement in a federal lawsuit over the 2013 seizure of a reporter's notes. The Washington Times and former newspaper reporter Audrey Hudson sued the government last year after her notes were seized during a search of her home by the Maryland State Police. The search was part of a weapons investigation focused on Hudson's husband. John Solomon, editor and vice president for content and business development for the newspaper, says the settlement also includes some legal fees for the newspaper and Hudson. The Washington Times first reported the settlement late Monday.

  • Judge holds Argentina in contempt over bond orders

    Updated: Mon, Sep 29, 2014

    NEW YORK (AP) — A judge, calling civil contempt a rarity, ruled that Argentina was in contempt of court on Monday for its open defiance of his orders requiring that U.S. hedge funds holding Argentine bonds be paid the roughly $1.5 billion they are owed if the majority of the South American nation's bondholders are paid interest on their bonds. U.S. District Judge Thomas P. Griesa made the announcement after a lawyer for U.S. hedge funds led by billionaire hedge fund investor Paul Singer's NML Capital Ltd. argued that Argentina has openly defied Griesa's court orders for more than a year. The judge reserved decision on sanctions pending further proceedings.

  • Liquefied natural gas facility in Md. authorized

    Updated: Mon, Sep 29, 2014

    WASHINGTON (AP) — The Federal Energy Regulatory Commission has authorized Dominion Resources to build a liquefied natural gas facility in southern Maryland. The agency said in a news release posted Monday on its website that Dominion can build the facility in Calvert County. The $3.8 billion project will be constructed at its existing Cove Point terminal on the Chesapeake Bay. Numerous environmental groups had objected to Dominion's proposal, claiming the project would hurt the bay and increase air pollution.

  • Qantas puts world's largest plane on longest route

    Updated: Mon, Sep 29, 2014

    FORT WORTH, Texas (AP) — Qantas is putting the world's biggest passenger plane on the world's longest airline route. A Qantas Airbus A380 touched down Monday at Dallas-Fort Worth International Airport about 15 hours after leaving Sydney, Australia, on the 8,578-mile journey. The double-deck, four-engine jet was greeted with a water-cannon salute, then taxied to a two-story gate that was configured just for the behemoth. The inaugural flight carried a full load of 484 passengers, according to a Qantas spokesman. DFW is a large airport with connecting flights throughout the U.S. and Latin America, making it ideal for the plane and the route. But the A380's size also limits its appeal.

  • Los Angeles won't require skyscraper helipads

    Updated: Mon, Sep 29, 2014

    LOS ANGELES (AP) — New skyscrapers will no longer be required to have rooftop helicopter landing pads under a change in city rules allowing alternative safety measures that will enable architects to design buildings with something other than the flat tops mandated since the 1950s. The reform of Fire Department "Regulation No. 10" was announced Monday by Mayor Eric Garcetti and other officials during a news conference on the rooftop helipad of the downtown AT&T Center. "Every rule that we have is well-intentioned, well thought-out, but often outdated," the mayor said.

  • Another card system hack at Supervalu, Albertsons

    Updated: Mon, Sep 29, 2014

    NEW YORK (AP) — Card data of Supervalu and Albertsons shoppers may be at risk in another hack, the two supermarket companies said Monday. The companies said that in late August or early September, malicious software was installed on networks that process credit and debit card transactions at some of their stores. Albertsons said the malware may have captured data including account numbers, card expiration dates and the names of cardholders at stores in more than a dozen states. Supervalu said the malware was installed on a network that processes card transactions at several chains, but it believes data was only taken from certain checkout lanes at four Cub Foods stores in Minnesota.

  • State cites Patriot Coal in W.Va. mine accident

    Updated: Mon, Sep 29, 2014

    CHARLESTON, W.Va. (AP) — Patriot Coal committed serious violations by failing to ensure walls and roofs were properly supported before a severe accident called a coal burst killed two West Virginia miners in May, according to state mining officials. Just three days before the deadly accident, there was a similar collapse at the Brody Mine No. 1, according to a state Office of Miners' Health, Safety and Training investigation report. The office cited the company in several "notices of violation." No one was seriously hurt in the earlier incident, which went unreported, and underground mining continued the next day, the state report says. A coal burst involves the violent failure of a roof, pillar or wall of coal inside a min

  • Wal-Mart: Morgan wasn't wearing seatbelt in crash

    Updated: Mon, Sep 29, 2014

    NEWARK, N.J. (AP) — Actor-comedian Tracy Morgan and other people in a limousine struck from behind by a Wal-Mart truck on a highway in June are at least partly to blame for their injuries because they weren't wearing seatbelts, the company said in a court filing Monday. The filing was made in federal court in response to a lawsuit Morgan filed in July over the accident, which killed his friend James McNair, who was accompanying the former "Saturday Night Live" and "30 Rock" star back from a show in Delaware. Morgan spent several weeks in rehab with rib and leg injuries. Wal-Mart Stores Inc.

  • Oregon cops: Suspect drove fast, had strong smell

    Updated: Mon, Sep 29, 2014

    LEBANON, Ore. (AP) — Officers in western Oregon say a suspect they tried to collar at a traffic stop drove too fast for pursuing officers, but eventually he was just too fragrant. The Albany Democrat-Herald reports (http://bit.ly/1ywUlp0) that the driver gave officers in Linn County the slip in a high-speed chase before dawn Sunday, doing better than 100 mph in a red Honda Prelude whose hood flew off. But Lebanon police later saw the car parked and launched a search by foot. That's when officers caught a "strong scent of cologne" in the darkness and soon found their suspect hiding in shrubbery. Thirty-five-year-old Charles V. Agosto was jailed on charges including probation violation and trying to elude officers

  • Senators ask for more oil train notifications

    Updated: Mon, Sep 29, 2014

    PORTLAND, Ore. (AP) — Four West Coast senators are asking the federal government to expand a recent order for railroads to notify state emergency responders of crude oil shipments. The letter, sent Monday to U.S. Transportation Secretary Anthony Foxx, says railroads should supply states with advanced notification of all high-hazard flammable liquid transports — including crude from outside the Bakken region of North Dakota and Montana, as well as ethanol and 71 other liquids. The letter was signed by Oregon senators Ron Wyden and Jeff Merkley, and California senators Dianne Feinstein and Barbara Boxer.

  • Answers about lingering delays at Chicago airports

    Updated: Mon, Sep 29, 2014

    NEW YORK (AP) — Traffic at Chicago's two busiest airports was slowly returning to more normal levels Monday, three days after a fire at a regional air traffic control center disrupted much of the nation's air-travel system. The Federal Aviation Administration has temporarily assigned other controllers to oversee the airspace normally covered by the crippled suburban facility, but full service may not be restored for two weeks. A closer look at some key questions surrounding the many delays and cancellations: Q: How many flights have been canceled? A: Since Friday morning, more than 3,700 flights have been canceled at O'Hare Airport, the nation's second-largest airport by passengers, and Midway Airport, the nation's 21st lar

  • Fed report: IRS bungles hunt for unpaid taxes

    Updated: Mon, Sep 29, 2014

    WASHINGTON (AP) — The IRS failed to take all required steps for collecting unpaid taxes from people it can't locate in over half the cases that investigators studied, potentially costing the government a pile of lost revenue, according to a federal report released Monday. The study does not estimate exactly how much money the IRS might collect if its workers were conducting all the research they are supposed to perform to find the taxpayers. The investigators wrote that in 2012, the IRS declared $6.7 billion in unpaid taxes to be uncollectable — involving nearly 483,000 tax returns — because it couldn't find the taxpayers. Of that total, the investigators estimated that $1.