Washington's fight against ISIS may not have enough funding, reports the Fiscal Times.» Read More
WASHINGTON, Sept 23- A U.S. court has temporarily shut down Butterfly Labs, a Missouri company the Federal Trade Commission alleges deceptively marketed computers designed to produce bitcoins, the "virtual currency" payment system. In an emailed statement on Tuesday, Butterfly Labs said the commission had overreached with "heavy-handed actions."
BISMARCK, North Dakota, Sept 23- Hess Corp and other major North Dakota oil producers told the state's top energy regulators on Tuesday that existing field practices used to prepare Bakken crude for rail transport are safe, and tighter standards could do more harm than good.
NEW YORK— The oil market has lost its jitters. The price has fallen by $15 per barrel since mid-summer despite escalating violence in Iraq, OPEC's second largest exporter, and multiple rounds of sanctions by Western nations against Russia, the biggest exporter outside of OPEC, over its involvement in Ukraine. At the same time, demand in China and Europe has slipped.
NEW YORK, Sept 23- The dollar held steady against other major currencies on Tuesday after a flurry of profit-taking that also helped lift the battered euro. The euro, which traded near $1.40 in May, was up 0.06 percent in late New York dealings at $1.286 after trading as high as $1.29, in part on data suggesting improved economic growth in Germany.
WASHINGTON— The Obama administration says consumers in most states will have more insurance options next year under the president's health care law. The Health and Human Services department on Tuesday reported a net increase of 63 insurers joining the market in 44 states. Indiana will see a net gain of five insurers, while California faces a net loss of two.
NEW YORK— Millennial Media Inc., a mobile advertising company, said Tuesday that it plans buy privately-held Nexage for about $107.5 million in cash and stock to broaden its offerings to clients. Millennial Media said it will pay about $22.5 million in cash and about $85 million in stock for Nexage.
PHOENIX— The American Civil Liberties Union of Arizona says a new state law making so-called "revenge porn" illegal is so broad it criminalizes booksellers, artists and even historians.
U.S. companies' borrowing to spend on capital investment rose in August, the Equipment Leasing and Finance Association said. Washington- based ELFA, a trade association that reports economic activity for the $827 billion equipment finance sector, said credit approvals totaled 79.5 percent in August, down slightly from 80.3 percent in July.
NEW YORK, Sept 23- U.S. stocks were down on Tuesday, with the S&P 500 on track for its third straight daily decline as investors digested signs of slowing global growth. Wall Street's losses tracked Europe, which was down after data showed a contraction in French business activity and slower growth in German manufacturing this month.
SAN FRANCISCO— Interior Secretary Sally Jewell on Tuesday unveiled a proposed roadmap for developing massive solar and wind projects in California's Mojave Desert while trying to minimize damage to desert habitat and animals.
David Cicilline, D- R.I., and Rep. Matt Cartwright, D- Pa., made their plea in a letter to Labor Secretary Thomas E. Perez. A copy of the letter was obtained by The Associated Press Tuesday.
MINNEAPOLIS— Amazon.com Inc. will begin to collect sales taxes from Minnesota customers next week, indicating the online retailer is expanding in the state, according to experts. Amazon may be starting a local operation that requires it to do so in accordance with a state law passed in July 2013, the Star Tribune reported.
RUPERT, Idaho— A south-central Idaho man has died in an explosion at a dairy. Authorities tell The Times-News that the explosion occurred at about 6 a.m. Monday as 30- year-old Dayne A. Hansen of Rupert did welding work on a trailer. Information from: The Times-News, http://www.magicvalley.com.
*Action may deter Pfizer from returning to bid for AstraZeneca. WASHINGTON/ NEW YORK, Sept 23- Tough new U.S. rules on corporate "inversions" on Tuesday sent a chill through the market for the tax-avoidance deals, both pending and potential, with share prices falling sharply in nearly a dozen companies on both sides of the Atlantic.
The American Beverage Association, whose members include Coca-Cola Co, PepsiCo Inc, and Dr. Pepper Snapple Group Inc, and the Alliance for a Healthier Generation, announced the plan at the Clinton Global Initiative annual meeting in New York.
NEW YORK, Sept 23- New York's Metropolitan Transportation Authority, operator of one of the world's largest public transport networks, said ahead of a board meeting on Wednesday that it is facing a $15.2 billion shortfall for its infrastructure needs.
NEW YORK/ LONDON, Sept 23- Gold rose on Tuesday after the first U.S.-led airstrikes against Islamic State and other militants inside Syria, but early gains evaporated amid a lack of followthrough buying.
SIOUX FALLS, S.D.— A couple that moved their dairy operation from Northern Ireland to South Dakota says a visa program that has become an issue in a U.S. Senate race helped them start off stronger financially. Four foreign investors put up money through the EB-5 visa program, which Dorothy Elliott and her husband used to build a larger barn to accommodate more cows.
Sept 23- Deere& Co, the world's largest farm equipment maker, said it was exploring strategic options for its low-margin crop insurance business and had hired Citigroup as its adviser.
WATERBURY, Conn.— Webster Financial, the parent company of Webster Bank, announced Tuesday that it agreed to buy JPMorgan Chase's health-savings account business.