President Obama is resisting calls to visit the border during his two-day fundraising trip to Texas.» Read More
ATLANTIC CITY, N.J.— Atlantic City's crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September. Trump Entertainment Resorts told The Associated Press that no final decision has been made on the Boardwalk casino.
CHICAGO— United Airlines is the latest carrier to say it will reduce flights to Venezuela over a dispute about money trapped by tight currency controls in the South American country. American Airlines Group Inc., Delta Air Lines Inc. and several foreign airlines have previously announced cutbacks.
NEW YORK, July 11- Wells Fargo& Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other major U.S. carriers who have reduced service because of problems repatriating their revenue through the country's foreign exchange controls.
WASHINGTON, July 11- The U.S. Commerce Department on Friday set duties on South Korean steel pipe used in the oil and natural gas industry, reversing itself in one of the most contentious trade disputes in years after hefty lobbying from U.S. producers and lawmakers.
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.
Three people charged in a deadly salmonella outbreak traced to a southwest Georgia peanut plant five years ago will go on trial two weeks later than initially planned, a judge decided Friday.
ALBANY, N.Y.— New York's homeland security agency is refusing requests from freight railroads to further restrict public information about their crude oil shipments, concluding it's not sensitive security information and will be given to local emergency planners.
The U.S. Attorney's Office in Los Angeles said that 37- year-old Gilbert Myers Jr. of Atlanta remained in custody Friday on $75,000 bond after pleading not guilty to mail-fraud charges. Officials said Myers was arrested earlier this week at a hotel in Beverly Hills, California, after agreeing to meet a ticket buyer who turned out to be an undercover FBI agent.
NEW YORK— Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy. Halliburton said the companies have worked together for seven years. Halliburton Co. shares lost 59 cents to $68.76 in midday trading.
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— The Senate on Thursday confirmed President Barack Obama's housing chief as the new director of the White House budget office, completing a second-term Cabinet shuffle. Jeff Sessions of Alabama, who said Donovan was unqualified and hadn't proved he understood fiscal and budgetary issues.
LONDON, July 11- Global oil demand growth will accelerate next year as the world economy expands and will again be met by rising supplies from the United States and Canada, further eroding OPEC's market share, the West's energy watchdog said on Friday.
MANDAREE, N.D.— The snaking, nearly 2- mile trail of saltwater that an underground pipeline spewed in the rugged hills of western North Dakota's badlands left a 200- yard-long stretch of dead vegetation, a company official said, though she added there is no evidence yet that the spill has contaminated a nearby bay.
WASHINGTON— Ace Cash Express Inc. has agreed to pay $10 million in a settlement with federal regulators who accused the payday lender of illegally harassing borrowers to collect debts and get them to take out additional loans. The Consumer Financial Protection Bureau announced the agreement with Ace, one of the biggest payday lenders in the U.S.
WASHINGTON, July 10- The U.S. consumer watchdog on Thursday said payday lender ACE Cash Express must pay $10 million to settle accusations that it had used unfair debt collection practices, such as threatening to sue borrowers, to pressure them into taking out new loans.
IRVING, Texas— Retail gasoline prices across Texas have declined 2 cents this week to reach $3.48 per gallon. AAA Texas on Thursday reported that compares to the nationwide price at the pump of $3.64 per gallon, which is down 3 cents from a week ago. Drivers in El Paso have the most expensive gasoline in Texas this week at $3.54 per gallon.
NEW YORK— Unilever said Thursday it sold its Slim-Fast brand to the private equity firm Kainos Capital. Unilever said it will keep a minority stake in Slim-Fast, which sells weight loss and nutrition products in North America, the U.K., and Ireland. U.S. shares of Unilever lost 65 cents to $44.61 in afternoon trading.
NEW YORK— Southwest Airlines has been downgraded by S&P Capital IQ, which cited a recent run-up in the company's share price and its history of flight delays. Southwest, which also operates AirTran Airways, reported this week that a key revenue figure jumped more than 8 percent in the second quarter, compared with a year earlier.