Among the difficult questions posed by the ongoing border crisis is whether illegal immigrants are a boon or bust to the US economy.» Read More
SINGAPORE, July 31- Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the buyer and where the two tankers are headed. Iraqi Kurdistan is locked in a bitter legal and diplomatic struggle with Baghdad over international oil sales.
The 80- year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30, but critics led by Texas congressman Jeb Hensarling have decried it as corporate welfare.
TOKYO, July 31- U.S. crude oil futures fell under $100 in early Thursday trade, putting the contract on course for its steepest monthly slide in nine months, as concerns over weak demand rose while fears over supply shortages in the Middle East and North Africa waned.
SAN ANTONIO— Tesoro Corp. on Wednesday reported profit that declined by 1.3 percent in its second quarter, and missed analysts' expectations. The San Antonio- based company said earnings fell to $224 million, or $1.70 per share, from $227 million, or $1.64 per share, in the same quarter a year ago.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
HARRISBURG, Pa.— Sunoco Logistics got a setback Wednesday to its plans to pump propane and ethane in its 300- mile Mariner East pipeline across southern Pennsylvania. The judges said the buildings cannot be exempt because Sunoco Logistics' Mariner East pipeline service does not constitute public utility service.
CHICAGO, July 30- Cargill Inc, one of the nation's largest beef processors, said on Wednesday it plans to close its Milwaukee, Wisconsin, beef-processing plant on Friday, because the size of the U.S. herd has fallen to its smallest in 63 years.
IRVING, Texas— In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. Exxon Mobil says it'll follow new anti-bias rules.
WASHINGTON— Eager to begin a monthlong break, Congress leavened its customary heavy partisanship on Wednesday with a pinch of compromise, advancing legislation to repair the deeply troubled Department of Veterans Affairs and working to clear funds for highway construction at home and missile defense in Israel.
NEW YORK— Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
ALBANY, Ga.— The trial of three people charged in a deadly salmonella outbreak linked to a southwest Georgia peanut plant could keep jurors tied up for more than two months, the trial judge said Wednesday.
WASHINGTON— In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found that 20 percent of Americans with credit records have no debt on file.
SAN ANTONIO— Valero Energy Corp. on Wednesday reported earnings that climbed by 26 percent in its second quarter, and fell short of analysts' expectations. The San Antonio- based company said net income increased to $588 million, or $1.10 per share, from $466 million, or 85 cents per share, in the same quarter a year ago.
NEW YORK— Jacquie Whitt's trip to the Galapagos with a group of teenagers was memorable not just for the scenery and wildlife, but also for the way the kids preserved their memories. For this generation, "digital devices are now part of the interpretive experience," said Whitt, co-founder of Adios Adventure Travel.
ALBANY, N.Y.— Finger Lakes winemakers and other business owners asked Gov. Opponents of Houston- based Crestwood Midstream's project said at a news conference in Albany that it would endanger drinking water, the local economy and the region's wine and tourism industry.
The Oakland Raiders are exploring whether to relocate the team to San Antonio, according to a report.
DETROIT— A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches. The lawsuit filed Tuesday in U.S. District Court in Manhattan in New York City names 29 people who were killed in crashes and 629 who were hurt.
BOSTON— Opponents of expanding a natural gas pipeline through northwestern Massachusetts rallied on Boston Common on Wednesday, asking Gov.
ISTANBUL/ LONDON, July 30- Iraqi Kurdistan's attempts to export oil independently of Baghdad hit another obstacle on Wednesday, as a Turkish energy official and industry sources said the autonomous region's pipeline to the Mediterranean has been shut for the past week.
*Twitter rallies after blockbuster results. *Biotechs rally on Amgen results, Regeneron trial data. Twitter Inc surged on heavy volume, jumping 25 percent to $48.25 in its biggest one-day advance ever after reporting that monthly active users had risen a better-than-expected 24 percent in the second quarter.