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  • CALGARY, Alberta— Energy company TransCanada Corp. says it lost US $1.79 billion in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary- based company reported Thursday that it took a US $2.08 billion non-cash charge related to Keystone XL, which President Barack Obama blocked late last year. TransCanada has launched a...

  • WASHINGTON, Feb 11- Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities...

  • ALBANY, N.Y.— Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. Morgan Stanley said it previously reserved funds for all related amounts. The Justice Department said the $2.6...

  • WASHINGTON, Feb 11- Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday.

  • Excluding a C $2.9 billion after-tax impairment charge related to the Keystone XL pipeline, profit was 64 Canadian cents per share, higher than the average analyst estimate of 61 Canadian cents. President Barack Obama rejected the proposed Keystone XL oil pipeline from Canada in November, in a victory for environmentalists who campaigned against the...

  • Feb 11- TransCanada Corp, Canada's second-largest pipeline company, reported a quarterly loss as it recorded a C $2.9 billion after-tax impairment charge related to the proposed Keystone XL pipeline. The company reported a net loss attributable to shareholders of C $2.46 billion, or C $3.47 per share, in the fourth quarter ended Dec. 31, from a profit of C $458...

  • WASHINGTON— 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...

  • The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...

  • WASHINGTON, Feb 10- The U.S. Senate voted unanimously on Wednesday to toughen sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. Lawmakers said they wanted to make Washington's resolve clear not just to Pyongyang, but to the United Nations and other...

  • WASHINGTON, Feb 10- The U.S. Senate voted overwhelmingly on Wednesday for legislation broadening sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. As voting continued, the vote for the "North Korea Sanctions and Policy Enhancement Act" was 93-0....

  • NEW ORLEANS— Louisiana's U.S. senators and environmental groups are blasting the White House for proposing to help Alaska deal with rising seas by taking money away from similar efforts along the Gulf Coast. In its proposed budget for 2017, the White House said Tuesday that it wanted to repeal a 2006 provision that establishes a formula for sharing revenues...

  • WASHINGTON— The Obama administration asserted Wednesday that a Supreme Court order delaying enforcement of its new clean-power rules will ultimately have little impact on meeting the nation's obligations under the recent Paris climate agreement. They are concerned that any significant pause in implementing mandated reductions in carbon dioxide...

  • The same conservatives who forced John Boehner out as speaker are making life difficult for Ryan, signaling they'll refuse to vote for an upcoming GOP budget plan that endorses the higher spending numbers from last year. The Wisconsin Republican has built a congressional career as the Republican Party's budget savant, but Ryan is perhaps in his career's most...

  • Bernie wins! We owe millennials an apology Wednesday, 10 Feb 2016 | 11:44 AM ET
    Supporters of U.S. Democratic presidential candidate Bernie Sanders.

    After Bernie's victory in New Hampshire, it's time we said "sorry" to millennials, says Jake Novak.

  • NEW YORK, Feb 10- The U.S. Supreme Court's decision to block federal regulations to curb carbon dioxide emissions failed to give a sustained boost to shares of the long-battered coal sector on Wednesday. After initially trading higher, Consol Energy Inc stock slipped 2.3 percent, and Peabody Energy Corp fell 0.9 percent. The states, led by coal producer West...

  • WASHINGTON— A Senate committee is backing President Barack Obama's nominee to head the Office of Personnel Management. By voice vote, the Senate Homeland and Governmental Affairs Committee has approved the nomination of Beth Cobert to head the agency. Cobert's nomination now moves to the full Senate.

  • New Hampshire provided clarity for Democrats Wednesday, 10 Feb 2016 | 11:11 AM ET
    Democratic candidates Bernie Sanders and Hillary Clinton.

    The New Hampshire primary may have muddied the Republican waters but it provided clarity for the Democrats, say these two GOP strategists.

  • President Barack Obama' s budget would raise $319 billion over 10 years from the phased introduction of an oil fee equivalent to $10.25 per barrel on crude oil, according to budget documents published on Tuesday. The Office of Management and Budget has not shared its revenue-modelling assumptions or proposal for how the fee would be administered.

  • NEW YORK, Feb 10- Long-battered shares of coal companies jumped on Wednesday after the U.S. Supreme Court put on hold federal regulations to curb carbon dioxide emissions mainly from coal-fired power plants. The court's 5-4 ruling on Tuesday delivered a major blow to President Barack Obama, by blocking the centerpiece of his administration's strategy to...

  • Feb 10- Health insurer Humana Inc, which is being bought by rival Aetna Inc, on Wednesday said that it had set aside 74 cents per share in the fourth quarter to cover anticipated shortfalls in its 2016 individual health plan business. Wall Street analysts had estimated last month that the set aside would be about 70 cents per share. Humana said that many of its high...