LONDON, April 16- United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008..» Read More
Paul LePage has a new video about Maine's energy future, and renewable energy in particular. The three-minute video, Energy: Maine's Economic Barrier, appeared Tuesday on the Office of the Governor website. It finds fault with Maine's Renewable Portfolio Standard, the state law that sets minimums for power generated from renewable energy sources.
BEIJING-- In the simplistic narrative of U.S. presidential politics, China is a Hollywood villain, a monetary cheat that is stealing American jobs.
NEW YORK-- BlackRock Inc. said Wednesday that its third-quarter net income rose 7.9 percent, boosted by an influx of investor cash into its low-cost iShares exchange-traded funds.
MONTPELIER, Vt.-- Maple syrup producers will get a chance to weigh in on whether Vermont should do away with the term fancy for its maple syrup. The proposed changes to the maple grading system would unify the classification system across the United States and Canada.
JACKSON, Miss.-- Health experts are gathering Wednesday in Jackson to discuss ways to reduce Mississippi's infant mortality rate, which is the highest in the nation.
THE QUARTER: Knight Capital Group said it lost $764.3 million in the third quarter because of a software glitch that flooded the market with trades, causing dozens of stocks to fluctuate wildly. THE ERROR: Early on Aug. 1, dozens of stocks started rising and falling sharply for no apparent reason.
CHATHAM, Va.-- A multi-agency working group examining various aspects of uranium mining is heading to Southside Virginia for a public meeting. The Uranium Working Group is scheduled to meet Wednesday night in Chatham for its fifth public forum.
CHARLESTON, W.Va.-- Gasoline prices have fallen nearly 3 cents per gallon on average in West Virginia over the past week. AAA East Central says the price for a gallon of regular, unleaded gas in the state is $3.87. Prices range from $3.80 in Weirton to $3.96 in Martinsburg.
SALT LAKE CITY-- The FBI has arrested a man accused of disrupting a Delta Air Lines Inc. flight and damaging the airplane by running up the aisle shortly after landing and attempting to open an emergency exit.
NEW YORK-- Just the mention of her name, J.K. Rowling, had the audience screaming and on its feet. The "Harry Potter" author spoke for just over an hour before a capacity crowd Tuesday night at Manhattan's Lincoln Center in her sole U.S. public appearance to promote her first novel for grownups, "The Casual Vacancy."
NEW YORK-- The Bank of New York Mellon's net income rose 11 percent in the third quarter, as the company slashed expenses and collected more fees for managing investments. BNY Mellon's net income in the quarter ended Sept. 30 rose to $720 million, or 61 cents per share, from $651 million, or 53 cents per share in the same period a year earlier.
BOSTON-- Another step on the long road to casino gambling in Massachusetts is being taken as a 90- day window opens for developers to submit preliminary applications to the state. The Massachusetts Gaming Commission plans to make applications available on Wednesday to companies interested in bidding for the sole license to operate a slot parlor.
LAREDO, Texas-- A company owned by Los Angeles Dodgers pitcher Josh Beckett is suing a pipeline builder on claims that habitat for the endangered ocelot was destroyed on a South Texas ranch. The lawsuit filed Tuesday in Laredo says Eagle Ford Midstream LP violated the federal Endangered Species Act by clearing land to build a natural gas pipeline.
NEW YORK-- Stocks are opening flat on Wall Street as investors look over key corporate earnings reports. IBM stock is down $9 at the open at $202. Wall Street was expecting a loss.
PROVIDENCE, R.I.-- Textron Inc. said Wednesday that its third-quarter net income rose 6 percent on higher demand for Bell helicopters and a strong performance from its industrial unit. Excluding income from discontinued operations, Textron earned 48 cents per share.
Shares fell $8.67, or 4.1 percent, to $202.33 in premarket trading. Revenue in its region that includes Europe declined 9 percent, more than any other part of the world. That's because sales made in Europe are converting into fewer U.S. dollars than a year ago.