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CNBC's John Harwood reports members of both parties are coming up with their strategies on the debt ceiling; and Gov. Gary Herbert, (R-UT), explains how uncertainty over the debt ceiling is affecting Utah's efforts to balance the budget.
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SALT LAKE CITY-- A Utah mining company has started laying off some of its 2,100 workers after a landslide filled the bottom of a large open copper mining pit west of Salt Lake City. Kennecott Utah Copper Corp. says the company won't divulge how many employees are being laid off until all of those workers are notified.
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SALT LAKE City, May 23- After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc CEO Lloyd Blankfein claimed success in putting his bank and his legacy back on track.
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SALT LAKE City, May 23- After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs CEO Lloyd Blankfein is claiming a victory in getting his bank, and his legacy, back on track.
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SALT LAKE CITY-- The U.S. Interior Department has awarded more than $20 million in grants for water conservation projects in 11 Western states, including several in Utah, Nevada and California. It should result in a savings of 448 acre feet of water annually in the Colorado River, which provides supplies for southern Nevada, California and Arizona.
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LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed factory activity in top metals consumer China shrank for the first time in seven months. China is the world's biggest consumer of industrial metals, taking 40 percent of the global supply of refined copper.
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But the Mountain States of Arizona, Colorado, Idaho, Nevada and Utah saw rates fall by 30 percent or more. In 22 states, teen Hispanic birth rates plunged at least 40 percent, which was described as "just amazing," by the report's lead author, Brady Hamilton of the Centers for Disease Control and Prevention.
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*Coming Up; U.S. jobless claims 1230 GMT. LONDON, May 23- Copper reversed the week's gains, sliding as much as 3 percent on Thursday after a survey showed China's manufacturing sector contracted, but a shutdown at one of the world's biggest mines in Indonesia helped cap losses.
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SINGAPORE, May 23- London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns the United States may pull back on its bond-buying program.
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*Gold falls as Bernanke cautions about low US rates. *Copper hits 6- week high after no word on Grasberg restart. Copper hit a six-week high on a continued production outage at Indonesia's Grasberg copper mine after a tunnel collapse that killed 28 workers at the world's second-largest copper mine.
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SAN FRANCISCO-- California- based chicken producer Foster Farms is recalling about 6,165 pounds of its ready-to-eat grilled chicken breast strips because the strips contain wheat and soy _ known allergens _ which are not listed on the labels of its packages, federal agriculture officials said.
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CHEYENNE, Wyo.-- The last of five defendants charged with defrauding investors of more than $4 million by promoting non-existent wind farm projects in Wyoming and South Dakota pleaded guilty Tuesday to felony charges.
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WASHINGTON, May 22- Major U.S. trade legislation appears increasingly likely to clear Congress this year despite an intensely partisan atmosphere made worse by scandals plaguing President Barack Obama's administration.
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LONDON, May 22- Copper hit a six week high on Wednesday as a production outage at the world's second-largest copper mine looked set to continue, though gains were capped as investors digested comments on monetary easing from the U.S.
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ALBUQUERQUE, N.M.-- Oil production in New Mexico has increased by nearly 50 percent over the last three years, making it one of five western states that have helped boost national production over the last three years. North Dakota and Texas have been the driving forces, but New Mexico along with Oklahoma, Wyoming, Colorado and Utah account for 15 percent of the growth.
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CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
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*Freeport death toll rises, mine remains shut. LONDON, May 22- Copper rose to its highest level in two weeks on Wednesday, as the dollar weakened and a production outage at world's second-largest copper mine in Indonesia after a tunnel collapse looked set to continue indefinitely.
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JAKARTA, May 22- Freeport McMoRan Copper and Gold Inc said it will not restart production at the world's second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine's safety.
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We score all the states on 55 measures of competitiveness and 10 categories, from the cost of doing business to technology and innovation.
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*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and did not deliberately mislead lawmakers last year when they did not reveal the practice.