A federal amendment expired, paving the way for Dallas Love Field to offer flights again and setting the stage for an airfare war.» Read More
-Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information. Schwab accused Morgan Stanley of maliciously organizing an "actionable raid" of the branch.
NEW YORK, Aug 6- New England power generators need to lock into more natural gas pipeline capacity to avoid a supply squeeze and record prices seen last winter, Spectra Energy Corp's chief executive officer said on Wednesday.
Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.
Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.
Farm real estate values, which includes land and buildings, averaged $2,950 per acre in 2014, up 8.1 percent from 2013, the USDA said in its annual report based on surveys of 11,000 land parcels and taken during the first two weeks of June.
Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.
July 28- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co..
July 28- Tyson Foods Inc, the biggest U.S. meat processor, said on Monday it would sell its Mexican and Brazilian poultry businesses to bigger global rival JBS SA's Pilgrim's Pride for $575 million.
Tyson outbid Pilgrim's Pride Corp with its $63 per share offer for Hillshire, valuing the Jimmy Dean sausages maker at $8.55 billion. The Cherokee plant will close on Sep. 27, while the Buffalo and Santa Teresa plants are expected to stop operating in the first half of 2015, the company said.
The Cherokee, Iowa, plant will close on Sep. 27, while the Buffalo, New York, and Santa Teresa, New Mexico plants are expected to cease operations in the first half of 2015, the company said.
WASHINGTON, July 23- U.S. regulators and 15 states announced a wave of lawsuits on Wednesday against law firms and mortgage assistance companies they said have scammed borrowers since at least 2011 by falsely promising home loan modifications and other foreclosure relief.
CHICAGO, July 8- Federal regulators widened the recall of salmonella-tainted chicken produced by Foster Farms to include products believed to have been sent to military bases in five states to feed personnel and their families, according to U.S. Department of Agriculture on Tuesday.
SAN FRANCISCO, June 25- A bill that would impose insurance requirements on ridesharing companies in California passed a state Senate committee 9-1 on Wednesday, although with somewhat lower costs to the industry than previously written into the bill.
The Land of Enchantment’s low costs might be charming, but the regulatory climate is not. Compared to its neighbors, the state’s economy is lagging.
NEW YORK, June 24- The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998..
Federal Reserve advanced in the Senate on Tuesday, along with two other nominees to the U.S. central bank, setting the table for their expected confirmation later this week.
SAN FRANCISCO, June 10- Google Inc said on Tuesday it is acquiring satellite company Skybox Imaging for $500 million in cash, the Internet company's second high-profile acquisition of an aerospace company this year. Google said that Skybox's satellites will provide images for Google's online mapping service.
DETROIT, June 3- Tesla Motors Inc is now looking at three sites, instead of two, to begin construction for its lithium-ion battery plant in the United States, Chief Executive Elon Musk said on Tuesday.
May 23- Parsley Energy Inc's shares rose as much as 21.5 percent in their U.S. market debut, valuing the oil and natural gas producer at about $2.51 billion. The company's initial public offering raised $925 million after its upsized offering of 50 million Class A shares was priced $18.50 per share, slightly above the top end of its expected price range of $15- $18.
As drought bakes nearly half the country, an expert says we may have to return to the days of WWII to ease the pain.