S&P 500 Closes Lower for a Third Session; Dow Ekes Out Gain
Kansas
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A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars.
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OVERLAND PARK, Kan.-- Sprint Nextel Corp. and Japan's SoftBank said Thursday that Softbank's acquisition of a majority stake in the wireless company has cleared all necessary state regulatory hurdles. Softbank has a $20.1 billion deal with Sprint to buy 70 percent of the company. Sprint's shares rose 1 cent to $7.31.
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MOORE, Okla.-- With its single-story design and cinder-block walls, Plaza Towers Elementary School may have seemed sturdy when it was built a couple of generations ago. Unlike several other schools in the Oklahoma City area, Plaza Towers had no "safe room" in which students and teachers could seek protection from a twister.
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Problems at regional refineries, declining gasoline stockpiles and delays of shipments into the region from the Gulf Coast helped boost prices last week, prompting market players to hoard what fuel they had. In Minneapolis, the average price per gallon has fallen to $4.26 from an all-time high of $4.32.
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LINCOLN, Neb.-- A plan aimed at attracting wind-energy farms to Nebraska is headed to a final vote in the Legislature. One firm, TradeWind Energy, has expressed interest in developing a wind farm in Dixon County, near the Iowa and South Dakota border.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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*Hot weather last week stressed Kansas wheat. CHICAGO, May 21- Tornadoes, high winds, rain and hail that cut a swath across the midsection of the United States on Sunday and Monday did only minimal harm to the winter wheat crop in top producers Kansas and Oklahoma, agricultural experts said. I'm in Phillips County now, in northwest Kansas, and the crop looks terrible.
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NEW YORK, May 21- Southern Star Central Gas Pipeline Inc on Tuesday said a portion of its natural gas pipeline near Moore, Oklahoma, was impacted after a tornado struck the region late Monday. Southern Star next-day gas prices, not typically tracked by Reuters but listed on ICE, traded down 3 cents on the day at $3.99, one of the only losers on the ICE gas price list.
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LONDON, May 21- U.S. farmers are withdrawing unsustainable volumes of groundwater to irrigate their crops, resulting in an accelerating decline in aquifers across the central and western United States, according to a new report by the U.S. Geological Survey.
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OSHA found it violated the whistleblower protections of the Energy Reorganization Act, OSHA said Monday. "Professionals who work in the nuclear power industry have a right and responsibility to express their professional opinion and report safety-related concerns," OSHA acting regional administrator Marcia Drumm said in a news release. "
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TULSA, Okla.-- Laredo Petroleum is selling its holdings in the Anadarko Basin to EnerVest Ltd. for $438 million. The Anadarko Basin runs through the western part of Oklahoma and into the Texas Panhandle and extends into western Kansas and southeast Colorado. Shares of Laredo Petroleum Holdings Inc. closed at $19.17 Monday.
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WASHINGTON, May 20- Water levels in U.S. aquifers, the vast underground storage areas tapped for agriculture, energy and human consumption, between 2000 and 2008 dropped at a rate that was almost three times as great as any time during the 20th century, U.S. officials said on Monday.
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CONCORD, N.H.-- Gas prices have risen in New Hampshire, but they're still below the national average. The website Gasbuddy.com says the average retail price for a gallon of gas rose 1.9 cents in the last week, averaging $3.45 in New Hampshire on Sunday.
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WICHITA, Kan.-- Starwood Hotels& Resorts Worldwide Inc. says it plans to hire about 180 people later this year for a new customer contact center in Wichita, Kan.. Officials of the Kansas Department of Commerce and Starwood Hotels announced plans for the center Thursday.
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May 16- Areas of severe drought continue to shrink across many key agricultural areas of the central United States, though it may be too late for some wheat farmers who are preparing for harvest. Nebraska and Texas, also key wheat producing states, also saw drought area shrink.
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ENID, Okla.-- Koch Industries Inc. on Wednesday announced plans to build a urea plant at its Koch Nitrogen plant in Enid, Oklahoma and to renovate the existing facility.
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A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars.
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A federal judge in Kansas City, Kansas, ordered Dow Chemical Co on Wednesday to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars.
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Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food-exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.
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Plains states rose 20 percent in the first quarter from a year earlier, with acreage commanding record prices because of red-hot demand for cropland in the world's biggest food exporting nation, the Federal Reserve Bank of Kansas City said on Wednesday.