TRIPOLI, Dec 7- Libya has lost more than $7 billion and faces new competition from Algeria and Nigeria in oil markets due to strikes at oilfields and ports drying up exports, Oil Minister Abdelbari al-Arusi said on Saturday. Arusi said Libya had lost 9 billion Libyan dinars in oil revenues after output had fallen to 250,000 barrels a day from 1.4 million bpd in July.» Read More
The National Retail Federation, the nation's largest retail trade group, now has a broader definition of holiday sales. Meanwhile, the trade group decided to broaden its definition to also include sales from retailers like Autozone and O'Reilly Auto Parts because they're becoming a fast-growing segment of the industry.
JUNEAU, Alaska-- The state of Alaska is asking a federal judge to block enforcement of rules intended to limit pollution from large ships. Alaska is suing the federal government over the new fuel standard, arguing it will result in higher freight rates and pricier cruises that will hurt the state's economy.
DENVER-- Court documents show Dallas- based Elm Ridge Exploration Co. has agreed to pay $275,000 to settle allegations that it violated emission standards at its Ignacio gas treating plant on the Southern Ute Indian Reservation in Colorado.
ANNAPOLIS, Md.-- A Maryland panel on Monday recommended raising the state's debt limit by $150 million in the next fiscal year. For example, the state's Board of Revenue Estimates recently increased revenue projections for the current fiscal year by $181 million. It also raised ongoing revenue estimates by $120 million to $185 million per year.
FRANKFORT, Ky.-- A settlement prompted by a federal court ruling on power plant emissions has cut the cost of a western Kentucky utility's pollution control plan by $225 million. The Kentucky Public Service Commission announced the settlement Monday.
TALLAHASSEE, Fla.-- Florida insurance regulators have announced they've received more than 100 filings from auto insurers doing business in the state and are expecting more by the close of business.
John Lynch says six New Hampshire companies have received job training grants this month that will help train 350 workers.
DETROIT-- General Motors says its U.S. sales rose 1.5 percent last month as a big jump in car sales was offset by falling truck sales. The company says new models boosted car sales by 29 percent. But sales of the Chevrolet Silverado, GM's top-selling vehicle, fell almost 17 percent from a year ago.
ST. PAUL, Minn.-- Minnesota farmers continue to make rapid progress on corn and soybean harvests, thanks to dry weather. According to the USDA's Minnesota crop-weather report, corn was 53 percent harvested as of Sunday. That's way ahead of last year's 5 percent, which is also the five-year average.
COLUMBUS, Ohio-- As casinos begin to open around Ohio, Tom Leksan provides a cautionary tale.
SALT LAKE CITY-- Utah regulators called Monday for stricter controls on industrial emissions to reduce sooty pollution that typically settles in the heavily populated Wasatch Front for weeks in bowl-shaped valleys that trap smog. Regulators opened a month-long public comment period Monday on three sets of comprehensive clean-air plans for northern Utah.
TRENTON, N.J.-- New Jersey would have to start paying unemployment to people who appeal denials but cannot get answers on them within eight weeks under a bill advanced Monday by a state Senate committee.
PRINCE FREDERICK, Md.-- Both sides asked a judge Monday to rule in their favor without trial in a fight over a proposal to build a multi-billion-dollar terminal in southern Maryland to export liquefied natural gas.
WASHINGTON-- The government is considering whether American International Group is large enough to threaten the broader financial system, a designation that would subject the bailed-out insurance giant to greater federal oversight.
LONDON-- Hopes that the U.S. economy is past its recent soft patch combined with optimism over a Spanish bailout request to shore up financial markets Tuesday. The monthly manufacturing survey from the Institute for Supply Management on Monday pointed to an improvement.
WASHINGTON-- President Barack Obama is designating the California home of labor leader Cesar Chavez as a national monument, a move likely to shore up support from Hispanic and progressive voters just five weeks before the election.
Bidzina Ivanishvili, a onetime barefoot village boy turned eccentric billionaire philanthropist, is poised to become the new leader of Georgia, a strategic South Caucasus country that lives in the shadows of giant neighbor Russia.
BOSTON-- Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
NOVI, Mich.-- Cooper-Standard Holdings Inc. on Tuesday named Jeffrey Edwards as the next president and chief executive of the company and its main operating subsidiary. The Novi, Mich.- based auto parts company said that Edwards will succeed James McElya, its current president and CEO, when McElya retires on Oct. 15..
NEW YORK-- Shares of Fifth& Pacific slid Tuesday after the clothing maker cut its guidance due to weak sales of Juicy Couture. THE SPARK: Fifth& Pacific Cos. lowered its profit outlook for the year late on Monday.