• Appeals court denies bid to halt ruling on Navajo Mine

    Yesterday

    FLAGSTAFF, Ariz. (AP) — A federal appeals court has denied a request to keep a review on the effects of burning coal from a Navajo Nation mine from moving forward. The Navajo Transitional Energy Co. LLC sought an emergency stay on a ruling by U.S. District Court Judge John Kane while it appealed the decision. The 10th Circuit U.S. Court of Appeals denied the request Thursday. Kane blocked efforts to expand operations within the Navajo Mine in northwestern New Mexico. He said the federal Office of Surface Mining violated federal law by not considering the impacts of coal combustion and sent the tribe's permit revision application back to the agency. The Navajo company argued the ruling could jeopardize the sustainabili

  • Gauge of US economy rises 0.2 percent in March

    Yesterday

    WASHINGTON (AP) — An index designed to predict the future health of the economy slowly crept upward for the third straight month, a sign that the pace of growth has been weakening since the start of 2015. The New York-based Conference Board says its index of leading indicators rose 0.2 percent in March, after gains of 0.1 percent in February and 0.2 percent in January. Building permits were the weakest part of the index, while slowdowns in average working hours and new factory orders have also been in a drag over the past six months. Conference Board economists say that the modest gains may be signaling a continued decline in growth over the coming months.

  • US stock indexes open lower following a slump in Europe

    Yesterday

    NEW YORK (AP) — Stocks are opening lower in the U.S. following steep declines in Europe and some disappointing results from big companies. American Express slumped 4 percent early Friday, the most in the Dow Jones industrial average, after reporting revenue that missed analysts' forecasts. Honeywell fell 2 percent after its revenue also fell short. The Dow was down 180 points, or 1 percent, to 17,929 in the first few minutes of trading. The Standard & Poor's 500 index lost 13 points, or 0.6 percent, to 2,091. The Nasdaq composite fell 39 points to 4,966. European markets fell. The DAX slumped 1.8 percent in Germany. Bond prices fell after the U.S. government reported a slight increase in inflation la

  • Reynolds American 1Q profit tops Street, cigarette prices up

    Yesterday

    WINSTON-SALEM, N.C. (AP) — Reynolds American's first-quarter profit climbed, helped by increased cigarette prices. Its adjusted profit beat analysts' expectations. The parent of the Camel and Pall Mall cigarette brands earned $389 million, or 73 cents per share, for the three months ended March 31. A year earlier it earned $363 million, or 67 cents per share. Earnings, adjusted for non-recurring costs, were 86 cents per share. The results beat Wall Street's view. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. Reynolds American said its performance also benefited from higher moist-snuff pricing. Its revenue amounted to $2.06 billion in the

  • Trade talks in Tokyo get push from 'fast-track' deal in US

    Yesterday

    TOKYO (AP) — Top Japan and U.S. trade officials plan to meet this weekend, seeking to close gaps over autos and farm trade before Prime Minister Shinzo Abe visits Washington later this month. Economy minister Akira Amari announced plans for the talks with U.S. Trade Representative Michael Froman late Friday. The U.S. and Japan must agree on market-opening measures before the 12 countries involved can reach a long-delayed final accord on the U.S.-led Trans-Pacific Partnership, a Pacific Rim trade pact. An agreement by U.S. lawmakers Thursday to propose legislation allowing President Barack Obama to negotiate trade accords for overall congressional review appeared to help move things along.

  • Higher US gas prices spark modest inflation in March

    Yesterday

    WASHINGTON (AP) — Rising gas prices in March led to a slight increase in inflation, a sign that some of the broader economic impact from cheaper oil is fading. The Labor Department says the consumer price index rose 0.2 percent in March. Inflation moved at that same pace in February, which ended three straight monthly declines caused largely by falling oil and gasoline prices. Gas prices remain about 33 percent lower than a year ago, but they bounced up 3.9 percent from March to February. Over the past 12 months, consumer prices have slumped 0.1 percent. Outside food and energy, core prices also rose 0.2 percent in March. The cost of clothes, housing, cars, and medical care increased, while food and airfare decreased.

  • March increase in gas costs fuel a 0.2 percent rise in US consumer prices

    Yesterday

    WASHINGTON (AP) — March increase in gas costs fuel a 0.2 percent rise in US consumer prices.

  • Stocks mostly fall on Greece, China up on stimulus hope

    Yesterday

    SEOUL, South Korea (AP) — Global stock markets mostly fell on Friday amid concerns over Greece, while stocks in mainland China extended gains on expectations of further policy easing. KEEPING SCORE: European markets traded lower, with Britain's FTSE 100 down 0.7 percent at 7,008.19 and France's CAC 40 shedding 1.2 percent to 5,162.69. Germany's DAX was down 1.7 percent at 11,793.37. Futures showed that Wall Street was headed for weak open. S&P 500 futures were down 0.6 percent and Dow futures 0.7 percent lower. GREEK WORRY: Sentiment in Europe remains weighed down by worries over Greece. The country and its creditors are still struggling to find a deal on that can keep it from defaulting on its debts.

  • PSC considering proposed pipelines in northwest North Dakota

    Yesterday

    WILLISTON, N.D. (AP) — North Dakota regulators are deciding on two energy pipelines proposed in McKenzie and Williams counties. The state Public Service Commission says Hess North Dakota Pipelines LLC wants to build a crude oil pipeline and a natural gas liquids pipeline. Officials say they would connect Bakken production fields south of Lake Sakakawea to existing processing and truck facilities north of the lake. The estimated cost of the oil pipeline is $105 million. An estimate is not available for the gas pipeline. The PSC scheduled a hearing in Williston on Friday to give the public a chance to weigh in on the proposal.

  • Breakaway Turkish Cypriots pick leader as peace talks loom

    Yesterday

    NICOSIA, Cyprus (AP) — Uncertainty reigns as Turkish Cypriots vote for a new leader this weekend: There's no clear favorite and no way of knowing whether the winner can bring talks on reunifying Cyprus to a successful conclusion. The Sunday vote in the island's breakaway Turkish side is expected to head into a runoff a week later. Polls suggest none of the leading candidates — including incumbent Dervis Eroglu and main challengers Sibel Siber and Mustafa Akinci — have enough votes to win outright. That's because traditionally strong allegiances of large chunks of voters to political parties have weakened.

  • TVA completes purchase of Mississippi natural gas plant

    Yesterday

    KNOXVILLE, Tenn. (AP) — The Tennessee Valley Authority has purchased a 700-megawatt natural gas plant in Ackerman, Mississippi. According to the utility, TVA has bought electricity from the plant since 2008. The board of directors voted in February to pursue purchasing the plant itself from Quantum Choctaw Power, and that transaction was completed on Tuesday. The high-efficiency plant uses two gas turbines and one steam turbine to produce energy. It is the sixth combined-cycle gas facility TVA has built or purchased since 2007, with two more under construction. The facility will be renamed Ackerman Combined Cycle Plant. TVA is the nation's largest public utility with about 9 million customers in seven states.

  • 'Open carry,' fracking bills return after technical delay

    Yesterday

    AUSTIN, Texas (AP) — Two of the Texas legislative session's most-watched bills are again scheduled for debate and likely passage — three days after a technicality raised by Democrats temporarily derailed them. The Texas House had been poised to vote Tuesday on allowing licensed Texans to wear handguns in plain sight, overturning a Civil War-era ban on "open carry." Also up was a bill banning municipalities from passing ordinances limiting hydraulic fracturing and other oil and gas exploration activities. But San Antonio Democratic Rep. Trey Martinez Fischer raised a House rules objection that returned both bills to committee. They're both back on the House floor Friday — and Democrats will raise more technic

  • China stocks up on stimulus hope, other markets subdued

    Updated: Thu, Apr 16, 2015

    SEOUL, South Korea (AP) — Stock markets in China and Hong Kong extended gains on Friday on expectations of further policy easing, but other stock markets in the region were subdued. KEEPING SCORE: Shanghai Composite index gained 1.1 percent to 4,241.57 while Hong Kong's Hang Seng rose 0.3 percent to 27,821.62. South Korea's Kospi inched up 0.1 percent at 2,141.53. Japan's Nikkei 225 fell 0.5 percent to 19,785.71 and Australia's S&P ASX 200 was down 0.9 percnet to 5,895.80. CHINA STIMULUS: Stocks in Shanghai and Hong Kong continued their gains after data showed that China's economy grew at the slowest pace since 2009 during the first quarter. The report stoked expectations that the country would introduce further stimulus me

  • 'Suge' Knight is ordered to stand trial, taken to hospital

    Updated: Thu, Apr 16, 2015

    LOS ANGELES (AP) — Former rap music mogul Marion "Suge" Knight was hospitalized again on Thursday after a judge ordered him to stand trial on murder and attempted murder charges filed after he ran over two men in a parking lot. Knight's condition and the cause of his latest health problem were not immediately known, but it was the fifth time the Death Row Records co-founder had been taken from a courthouse to a hospital during proceedings in the case. The latest trip came after Superior Court Judge Ronald Coen rejected Knight's argument that he acted in self-defense when he was viciously attacked by men outside a Compton burger stand. Authorities contend Knight intentionally hit the men, killing Terry Carter, 55, and

  • Steve Wynn caught in middle of ex-wife, board proxy fight

    Updated: Thu, Apr 16, 2015

    LAS VEGAS (AP) — Elaine Wynn said Thursday she has her ex-husband Steve Wynn's endorsement in her battle to remain on the board of the casino-hotel company they co-founded. Elaine Wynn cited statements the Wynn Resorts Ltd. CEO made on Charlie Rose's interview show this week that he didn't agree with the board's decision not to re-nominate her. Steve Wynn said in an emailed statement, though, that his comments "should not be misconstrued" and added that he's obligated to vote for Elaine Wynn as part of a shareholder agreement between the two. A show transcript shows he further explained the uncomfortable position of being caught in the middle. He told Rose he has recused himself on the issue.

  • $267K worth of drill bits stolen from oil and gas site

    Updated: Thu, Apr 16, 2015

    GREELEY, Colo. (AP) — Authorities are investigating after someone stole $267,000 worth of drill bits from an oil and gas site near Milliken. Cpl. Sean Standridge with the Weld County Sheriff's Office tells The Denver Post the bits were recently taken from a site operated by Canada-based Ensign Energy Services Inc. The Greeley Tribune reports each of the seven stolen bits weighs about 300 pounds and would have required two people to move. The thieves also would have likely removed the bits from the scene by pickup truck.

  • Congressman admits relationship with airline lobbyist

    Updated: Thu, Apr 16, 2015

    WASHINGTON (AP) — The chairman of the House committee that handles aviation legislation acknowledged Thursday that he has a "private and personal relationship" with an airline industry lobbyist. Rep. Bill Shuster, R-Pa., chairman of the House Transportation and Infrastructure Committee, said Shelley Rubino, a vice president for global government affairs at Airlines for America, a trade association for major U.S. airlines, doesn't lobby him or his staff. "Ms. Rubino and I have a private and personal relationship, and out of respect for her and my family that is all I will say about that," Shuster said. Rubino said in an email: "My personal relationship is separate and unrelated to my work, as it always has been.

  • Missouri Senate leaders uncertain on transportation gas tax

    Updated: Thu, Apr 16, 2015

    JEFFERSON CITY, Mo. (AP) — A proposal to raise Missouri's fuel tax for the first time in two decades appears unlikely to move forward this session, Missouri Senate leaders said Thursday, despite warnings from transportation officials about the future of the state's infrastructure. A bill that would raise the current 17-cent gas tax by 2 cents stalled earlier this week in the Senate. Senate Majority Leader Ron Richard said he doesn't want to waste more time on the measure and that the Legislature was apparently not going to address the problem. Senate President Pro Tem Tom Dempsey, who supports the increase, said there's no alternative out there. "We don't have another solution that we feel confident can make it through," De

  • Court monitor: Apple antitrust cooperation has 'declined'

    Updated: Thu, Apr 16, 2015

    NEW YORK (AP) — Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" recently, a court-appointed monitor says. The monitor, Michael Bromwich, said in a report made public Thursday that the technology giant's cooperation with the monitoring team "sharply declined" this year. Bromwich was appointed to review the Cupertino, California company's antitrust compliance policies and training after the judge concluded in a case in New York that Apple violated antitrust laws when it entered the e-book market in 2010. Bromwich said Apple was making progress before

  • Airline flight delayed when snoring passenger poked

    Updated: Thu, Apr 16, 2015

    CHICAGO (AP) — A passenger aboard a Southwest Airlines flight from Chicago to Manchester, New Hampshire was removed after allegedly poking a snoring passenger with a pen. Airline officials say the woman was removed Thursday for "causing a disturbance." Southwest spokeswoman Brandy King said in a statement the man was not injured in the incident. The Chicago Fire Department was called to evaluate the man. He was able to continue on the flight to New Hampshire, which was scheduled to leave Chicago's Midway International Airport at 1:15 p.m., but didn't depart until 3:04 p.m. King said the unidentified passenger who was removed was accommodated on another flight.




Advertisement