If the pipeline isn't built, some experts say, "the most toxic fossil fuel on the planet" will still find its way to the surface. NBC News reports.» Read More
WASHINGTON, April 16- The U.S. Navy on Wednesday said it would delay the commissioning of the North Dakota, a new Virginia-class submarine that was due to enter active service on May 31, to carry out more design work and resolve quality problems with certain components.
April 16- Bank of America Corp's financial crisis hangover is lasting longer than expected, leading some investors to wonder if the massive litigation expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items.
SAN FRANCISCO— Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.
April 16- Fiat Chrysler Automobiles will announce an agreement by the end of April to allow production of Jeep models in China, the head of the Jeep brand, Mike Manley, said on Wednesday.
*First-quarter revenue falls 4 pct to $22.5 bln. April 16- IBM Corp reported its lowest quarterly revenue in five years on Wednesday as the company struggles with falling demand for its storage and server products. Total revenue fell 4 percent to $22.5 billion in the first quarter, below analysts' average estimate of $22.91 billion.
SUNNYVALE, California— Yahoo co-founder David Filo is vying to rejoin the Internet company's board after an 18- year absence. The other nominees to the board are Charles Schwab, the founder of a stock brokerage that still bears his name, and H. Lee Scott Jr., the former CEO of Wal-Mart Stores Inc. Yahoo Inc. CEO Marissa Mayer is on Wal-Mart's board.
NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.
NEW YORK/ HOUSTON, April 16- Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting that better training and equipment are helping avert spills like one in March.
Why high oil prices are actually good for airlines. NEW YORK— Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. The average cost of a roundtrip domestic ticket grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.
PHILADELPHIA— A popular Philadelphia chocolate maker and candy store has been shuttered by the city days before Easter. WPVI-TV said Wednesday the Department of Revenue revoked the business license of the Blasius Chocolate Factory in the city's Kensington neighborhood.
NEW YORK— Online dating service Zoosk is filing for an initial public offering worth as much as $100 million. The San Francisco company wants to list its shares on the New York Stock Exchange under the symbol "ZSK." Zoosk lost $20.7 million in 2012 and pared its deficit to $2.6 million in 2013, while its revenue grew 63 percent to $178.2 million.
NEWBURGH, N.Y.— State police say a fake hand grenade in a passenger's luggage has disrupted operations at an airport in New York's Hudson Valley. Troopers say Stewart Airport in Newburgh was closed just after 10:30 a.m. Wednesday when the souvenir grenade was found during security screening.
April 16- General Motors Co said on Wednesday that it has set up a new fast-track ordering system to accelerate the shipment of parts needed to fix an ignition switch defect that has forced the automaker to recall 2.6 million of its compact cars.
WASHINGTON— Only one-fifth of its track will be equipped with mandatory safety technology to prevent the most catastrophic kinds of collisions and derailments by the deadline set by Congress, the freight railroad industry said Wednesday.
April 16- The New York attorney general is probing more than half a dozen high-speed trading firms, a person familiar with the matter said on Wednesday, as part of his wide-ranging probe into alleged unfair technology advantages on Wall Street.
Ford Motor Co. rose$. 23 or 1.5 percent, to $16.07. General Motors Co. rose$. 61 or 1.8 percent, to $33.97. Honda Motor Co. rose$. 48 or 1.4 percent, to $34.56.
Barrick Gold Corp. fell$. 22 or 1.2 percent, to $18.32. Gold Fields rose$. 03 or. 7 percent, to $4.06. Newmont Mining Corp. fell$. 09 or. 4 percent, to $23.75.
Delta Air rose $1.71 or 5.4 percent, to $33.62. JetBlue Airways Corp. rose$. 49 or 5.9 percent, to $8.80. Southwest Airlines Co. rose$. 64 or 2.8 percent, to $23.54.
Birner Dental Management Services Inc.: Approximately shares changed hands, a 98.2 decrease from its 65- day average volume. The shares fell$. 06 or. 6 percent to $9.87. First South BanCorp. Inc.: Approximately shares changed hands, a 99.9 decrease from its 65- day average volume.
DR Horton rose$. 18 or. 8 percent, to $21.86. Hovnanian Enterprises Inc. fell$. 02 or. 4 percent, to $4.48. Lennar Corp. fell$. 02 or. 1 percent, to $38.77.