CNBC's Jane Wells looks at the strong demand for legal weed in Colorado. Wells says the state of Colorado has 485,000 monthly users, but tax collection is way below estimates.» Read More
LAFAYETTE, La.— Lafayette- based home nursing firm LHC Group will buy 14 home health agencies from a Tennessee company for $10 million in cash. Life Care Home Health Inc.' s agencies are spread across seven states. The Life Care agencies are in Arizona, Colorado, Massachusetts, Rhode Island, Tennessee, Utah and Washington.
Camel cigarette maker Reynolds American Inc.' s $25 billion deal to buy Newport maker Lorillard Inc. creates a formidable No. 2 tobacco company in the U.S. behind Marlboro maker Altria.
BOULDER, Colo.— A few commuters in Boulder, Colorado, may have arrived at work dripping wet because they observed Tube To Work Day. But the Daily Camera reports safety concerns because of the volume of water forced it to be pushed to July this year. Information from: Daily Camera, http://www.dailycamera.com/.
While delivery services have existed for years to supply medical marijuana patients, the rise of similar businesses geared toward serving recreational users in Washington and Colorado highlights how the industry is outpacing the states' pot laws.
ALBANY, N.Y.— A judge has dismissed two lawsuits challenging the state's delay in finishing its health and environmental analysis of the potential impact of shale gas development in New York, state Attorney General Eric Schneiderman said Monday.
WASHINGTON, July 14- Citigroup Inc has agreed to pay $7 billion to resolve claims it misled investors about shoddy mortgage-backed securities in the run-up to the financial crisis, in a deal that includes the largest civil fraud penalty ever levied by the U.S. Justice Department.
Whiting Petroleum said it would acquire Kodiak Oil& Gas for $3.8 billion, becoming the largest producer in North Dakota's Bakken shale play.
GENEVA— Swiss chocolate maker Lindt& Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum. Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expand our North American chocolate business."
July 13- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil& Gas Corp for $3.8 billion in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc..
DENVER— Whiting Petroleum Corp. said Sunday it is buying Kodiak Oil& Gas Corp. for $6 billion in stock, worth $13.90 per share, in a deal that will make it the largest producer in the booming Bakken region of North Dakota and Montana. The combined company had over 107,000 barrels of oil equivalent production per day in the first quarter.
WASHINGTON, July 12- Phil Falcone's Harbinger Capital Partners has filed suit against the U.S. government, accusing it of reneging on an agreement regarding bankrupt Harbinger-backed wireless company LightSquared LP, the Wall Street Journal reported.
PITTSBURGH— Pennsylvania's former health secretary says the state has failed to seriously study the potential health impacts of one of the nation's biggest natural gas drilling booms.
CATTARAUGUS RESERVATION, New York— The Seneca Indian Nation is strengthening its roots to the land with a new commitment to use only indigenous plants and trees in public landscaping.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,875.. Of the major oil- and gas-producing states, Alaska, Kansas, Louisiana, Pennsylvania and Texas gained two rigs each. Arkansas, Colorado, New Mexico and Utah had unchanged rig counts.
But I feel like I'm changing one or two minds here or there, "said Felice Pete, a nurse anesthetist and a member of the state party's Black Advisory Board. The swing state, one of 11 where the Republican National Committee has hired staff to reach black voters, hosts one of the country's most important Senate races in November's midterm elections.
DENVER— Colorado sold less recreational pot in May than in April, the first month-to-month sales decline for the drug that became legal at the beginning of the year. Tax collections reported by the state Department of Revenue this week showed Colorado sold about $21 million of recreational pot in May.
AUGUSTA, Maine— As many college graduates grapple with poor job prospects and crushing student debt, Maine officials hope a new database will help prospective students make more informed choices about what degree to pursue and how much they can afford to borrow for their education.
WASHINGTON, July 10- A surge of Republican pressure is bringing the Federal Reserve's long-held independence into question again, as conservative lawmakers seek to place the U.S. central bank under tougher scrutiny.
A surge of Republican pressure is bringing the Fed's long-held independence into question again.
With Democrats controlling the Senate since the 2008 financial crisis, the bank and its supporters have had the luxury of shrugging off Fed-related laws from the Republican-controlled House of Representatives.