Veteran U.S. Senator Thad Cochran of Mississippi narrowly defeated challenger Chris McDaniel in a runoff election.» Read More
The Labor Department said Monday that unemployment rates fell in eight states in July and were unchanged in 12. At the same time, hiring rose in 36 states, fell in 13, and was unchanged in Iowa. Mississippi had the highest unemployment rate in July, at 8 percent, its first month with the highest since the 2008-2009 Great Recession.
PROVIDENCE, R.I.— Rhode Island's unemployment rate fell slightly to 7.7 percent in July, down two-tenths of a percentage point from June, when it was tied with Mississippi as having the highest unemployment rate in the nation, according to new numbers released by the state Department of Labor and Training on Thursday.
JACKSON, Miss.— Mississippi Power Co. says a key part of its $5.5 billion Kemper County power plant is operational. It comes even as Mississippi Power completes the permanent fuel source, a part of the plant that will turn lignite coal into synthetic gas.
"The government wants this fish removed in large volumes, and this is the way to do it," said Gray Magee, chief executive of the company, which began processing the carp in April atop a bluff near Grafton, a tiny tourist hamlet perched along the banks where the Mississippi and Illinois rivers meet.
Aug 14- U.S. cropland prices in the central Plains and southern Midwest were stable in the second quarter of 2014 compared with the previous quarter even though farm income was lower due to falling crop prices, according to Federal Reserve Bank quarterly surveys issued on Thursday.
CHICAGO, Aug 14- The price of quality farmland in the southern U.S. Midwest and Delta region were steady to softer during the second quarter compared to the previous quarter, reflecting lower farm income, the Federal Reserve Bank of St. Louis said on Thursday.
JACKSON, Miss.— Struggling biofuel firm KiOR says in a financial filing that it will run out of money by September and that bankruptcy could follow. The Mississippi Development Authority has agreed to delay payments until the end of October to give KiOR time to raise new money or sell the company.
NEW YORK— Oil and natural gas distributor Martin Midstream Partners said Monday it will pay $120 million to get full ownership of Cardinal Gas Storage Partners, which helps run four natural gas storage facilities in North Louisiana and Mississippi.
CAMARILLO, Calif.— The average U.S. price of gasoline has dipped 6 cents a gallon in the past two weeks and prices in California have fallen 9 cents in the same time period. According to the Lundberg Survey released Sunday, the average nationwide for a gallon of regular is now $3.52. In California, prices for a gallon of regular dropped 9 cents to $3.86.
NEW YORK, Aug 10- The average price of a gallon of gasoline in the United States fell by six cents in the past two weeks as crude prices have continued a broad decline, according to the Lundberg survey released on Sunday. Prices fell to an average of $3.52 per gallon for regular grade gasoline, according to the survey conducted Aug. 8.
BOISE, Idaho— Idaho residents have among the lowest personal incomes in the nation but spend a higher percentage of their money on food, housing and other essentials compared with most others, according to data released Thursday by the U.S. Bureau of Economic Analysis.
Jason Furman, the chairman of the White House Council of Economic Advisers, shrugged off the import ban's impact as negligible, in contrast to Western sanctions on Russian individuals, businesses and economic sectors that he said have sent investors fleeing Russia and made a weak Russian economy even weaker.
Exports of American poultry to Russia account for a relatively small amount. Mike Cockrell, the treasurer and chief financial officer for Sanderson Farms, said other markets have emerged to handle any losses— including the countries of Angola, Mexico, the Philippines and South Korea, among others.
The report from the Bureau of Economic Analysis, which for the first time provided data on spending on a state-by-state basis, shows the Garden State's per-capita spending was $42,654 in 2012, up from $39,165 in 2009.. Only residents in the District of Columbia, Connecticut, Massachusetts and North Dakota spent more.
PROVIDENCE, R.I.— Consumer spending in Rhode Island has rebounded since the depths of the Great Recession, but new numbers released by the federal government Thursday show the state still lags behind New England and the nation.
In Nevada, smacked hard by the housing bust, consumers barely increased their spending. Americans spend the most, per person, on housing in Washington, D.C., and the least in West Virginia. The next-largest increases were in South Dakota, Texas and West Virginia.
Aug 4- Russia's threatened ban on U.S. poultry imports, the latest move in a sanctions skirmish over Moscow's support of rebels in Ukraine, has agriculture companies alert to the risks of a conflict that's already roiled trading of crops ranging from soy, beef and fruit to California pistachios.
LONDON, July 10- Fossil fuels will remain an indispensable part of the global energy supply for at least the next 50 years, so a means must be found to burn them without pumping carbon dioxide into the atmosphere.
July 9- State Street Corp has reached $70 million in settlements to end three lawsuits claiming it inflated its share price by overcharging clients on foreign exchange services and falsely representing that its investments in mortgage-backed securities were safe.
*California is one of the biggest markets in U.S. for Honda. *Move comes after Honda learned of air bag incident in California. "While this case does not match the areas that NHTSA has determined, Honda is adding California into the areas in which it is conducting a regional recall in order to investigate the cause," the Honda spokeswoman said.