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
NEW YORK, Aug 1- Trustees involved in JPMorgan Chase& Co's proposed $4.5 billion settlement with investors in money-losing mortgage bonds accepted the bank's offer on Friday for the vast majority of the trusts holding the securities.
HOUSTON, Aug 1- Baghdad wants to settle a high-stakes dispute over $100 million worth of Kurdish crude oil in Iraq's courts, although the oil is sitting in a tanker off the coast of Texas, a U.S. court filing said on Friday.
Lance Gilman knows the bidding war with Texas, California, New Mexico and Arizona has just begun now that the electric-car maker has confirmed the first stage of preparation for a "gigafactory."
Frank Perkins Hixon Jr., 55, was sentenced in federal court in Manhattan by Judge Ronnie Abrams. The government said Hixon generated a $260,000 profit by trading on information he knew because he headed an Evercore team advising on a deal by a liquid storage company to sell off some assets. Evercore fired Hixon in January after investigating his trades.
HOUSTON, Aug 1- An asphalt maker in New Jersey became the second U.S. company to publicly confirm buying Kurdish crude oil, saying on Friday it had imported a cargo just weeks before an Iraqi lawsuit over a separate $100 million shipment offshore Texas.
Frank Perkins Hixon Jr., a former senior manager at the bank, was also ordered to pay $810,000 in fines and forfeitures to the government and $1.2 million in restitution to Evercore by U.S.
WASHINGTON— House Republicans passed legislation late Friday to address the crisis on the U.S.- Mexico border by sending migrant youths back home without hearings, winning over conservatives with a companion bill that could lead to deporting more than half a million immigrants whom the Obama administration granted temporary work permits.
WASHINGTON, Aug 1- Few people in Washington believe Republicans will try to impeach President Barack Obama.
*Ohio refinery to undergo turnaround in 4 Q. Aug 1- PBF Energy Inc is taking some crude by rail at its Ohio refinery via a third party, but the company may build its own offloading facility there, Chief Executive Officer Tom Nimbley told analysts on Friday.
NEW YORK, Aug 1- Summer jobs: The very mention brings up memories of low pay, long hours and sweaty, clueless teenagers who don't really know what they're doing. JASON MRAZ, SINGER AND SONGWRITER. "My dad was a fence contractor in Mechanicsville, Virginia, so my first paying gig was building fences.
ALBANY, Ga.— A Georgia peanut plant linked to a deadly salmonella outbreak cut corners and sent fake lab results to customers, endangering consumers nationwide, federal prosecutors said Friday as they opened a rare case seeking criminal punishment for corporate workers over food poisoning.
WASHINGTON— One of the country's largest overseers of troubled home loans, Nationstar Mortgage Holdings Inc., is quietly trying to sell a $100 million insurance agency that doesn't appear to exist. Harwood Service Co. has no website, no independent offices and only a single registered agent.
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.
*Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, Aug 1- U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground. "As long as we have job growth going in the right direction and the labor market tightening up, we are still in a good place," said Robert Dye, chief economist at Comerica in Dallas.
LONDON, Aug 1- After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good.
PALO ALTO, Calif.— Electric car maker Tesla Motors widened its loss in the second quarter as it prepared for the launch of a new SUV and started work on a massive new battery plant. But the company is still considering sites in California, New Mexico, Arizona and Texas, and won't make a final decision for several months.
HOUSTON/ ISTANBUL, July 31- Efforts by Iraqi Kurdistan to boost its finances through bulk oil sales suffered a setback on Thursday as its main U.S. customer swore off more purchases and Baghdad vowed to block delivery from oil-laden vessels like one the Kurds were loading for export.
RENO, Nev.— Electric car maker Tesla Motors said Thursday that it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other sites. Tesla said it broke ground on the Nevada site in June. California, New Mexico, Arizona and Texas are also in the running.
Three days after new Housing and Urban Development Secretary Julian Castro was sworn in, President Barack Obama paid a rare visit Thursday to the agency's colossal concrete headquarters to welcome Castro aboard.
WASHINGTON, July 31- The U.S. Energy Department on Thursday approved Oregon LNG to export liquefied natural gas, as the Obama administration works through applications to export fuel from the domestic drilling boom to markets in Asia and Europe.