The rise and fall of states on CNBC's Top States for Business ranking is a reflection of economic trends. The biggest Cinderella story: Nevada.» Read More
NEW YORK, July 23- The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move that could impact railroads, drillers, refiners and railcar makers amid an energy boom.
WASHINGTON— Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable liquids through America's towns and cities.
NEW YORK— What I find fascinating about Amazon's Fire phone isn't the gizmos such as the 3- D imagery or the camera scanner that helps you get more information about products. Rather, I like that Amazon is thinking a lot about how phones ought to work. The Fire phone uses Android, but Amazon has modified it to the point that it's barely recognizable.
BISMARCK, N.D.— North Dakota's congressional delegation is pressing Canadian Pacific Railway to provide details of its backlog of grain shipments, saying farmers need detailed information with fall harvest fast approaching. But Sen John Hoeven, R- N.D., Sen. Heidi Heitkamp, D- N.D., and Rep.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
SIOUX FALLS, S.D.— Tests this summer on Pierre Shale that stretches across much of the Great Plains could help build the case for an underground lab and, if feasible, lead to energy production or underground storage in the rock formation.
JACKSON, Wyo.— National parks and monuments boosted the economies of surrounding communities in Wyoming, Montana and Idaho by a combined $1.15 billion last year, according to a new study. Wyoming saw $723.3 million in spending by visitors to parks and monuments run by the National Park Service; Montana, $397.3 million; and Idaho, $29.4 million.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
The California cities of San Jose, Vallejo and San Diego all saw a heightened threat, as new fault lines have been recently discovered, the report said. It also upgraded the risks facing parts of the central and eastern United States, singling out areas near New Madrid, Missouri, and Charleston, South Carolina.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
DETROIT, July 17- General Motors Co last month recalled millions of vehicles with three different designs of ignition switches that could accidentally turn off the engine and disable air bags in a crash.
OMAHA, Neb.— CSX is optimistic about its long-term performance, but the railroad's profit during this quarter will likely be relatively flat. The company discussed its second-quarter results Wednesday after edging out Wall Street profit expectations.
LONDON, July 16- As U.S. and EU policymakers have imposed targeted sanctions on Russian individuals and firms in response to the crisis in Ukraine, Western companies have sought to insulate their own projects from the political imbroglio and continue developing the country's vast oil and gas resources.
BILLINGS, Mont.— The Montana Supreme Court ruled that three-time Tour de France winner Greg LeMond holds a legitimate damages claim in a property dispute at the members-only Yellowstone Club but left unresolved the question of just how much the claim is worth.
SEATTLE— Two environmental groups are asking the U.S. Department of Transportation to immediately ban shipments of volatile crude oil in older railroad tank cars, citing recent explosive oil train wrecks and the department's own findings that those accidents pose an "imminent hazard."
NEW YORK, July 14- A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.
July 13- Whiting Petroleum Corp said on Sunday it would acquire Kodiak Oil& Gas Corp for $3.8. Bakken/ Three Forks oil formations. The formations, within the Williston Basin in North Dakota and Montana, are among the largest oil plays in the United States.
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.
July 13- Whiting Petroleum Corp on Sunday said it would acquire Kodiak Oil& Gas Corp in an all-stock deal valued at $6 billion, and thereby become the largest producer in the Bakken/ Three Forks oil formations.
Billions of dollars are riding on how these rules are written, and lobbyists from the railroads, tank car manufacturers and the oil, ethanol and chemical industries have met 13 times since March with officials at the White House and the Pipeline and Hazardous Materials Safety Administration.