WASHINGTON, July 31- The biggest U.S. banks' borrowing cost advantage over smaller competitors appears to have been reduced or eliminated since the 2007-2009 financial meltdown but could return in a crisis situation, a U.S. government official said on Thursday. Lawrance Evans, director of financial markets at the U.S.» Read More
Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. Friday's decline in the price of oil eroded some of the gains from earlier this week, when tensions between Syria and Turkey raised worries about supplies.
Hundreds of workers and a lot of heavy machinery is involved in the project, but Thursday's accident was the first serious one reported since construction began in 2009, said Mark Littman, spokesman for the Los Angeles County Metropolitan Transportation Authority, which is overseeing the project.
FOXBOROUGH, Mass.-- New England Patriots linebacker Brandon Spikes says he was joking when he tweeted that he was "homophobic." Coach Bill Belichick was not scheduled to speak with reporters on Thursday. Before the NFL officials' lockout ended, Spikes posted a tweet that compared replacement officials to Foot Locker employees.
Max Baucus and Jon Tester said residents of Libby have grown frustrated waiting for a pending risk study to be completed. The company mined asbestos-containing vermiculite in Libby for decades. They blasted Grace for weighing in against the EPA proposal and alleged company officials had "traded profits for lives" in Libby.
OLYMPIA, Wash.-- The group fighting to overturn Washington's gay marriage law started running its first TV ads in the state on Thursday. Referendum 74 asks voters to either approve or reject the state's gay marriage law that was passed by the Legislature and signed by Gov.
NEW YORK-- Shares of Lexicon Pharmaceuticals Inc. rose Friday after the company reported new clinical study data for its potential drug telotristat, which treats a condition caused by tumors in the gastrointestinal tract. Lexicon shares gained 12 cents, or 5 percent, to $2.51 in morning trading.
THE PURCHASE: Ecolab Inc. is buying specialty chemical company Champion Technologies in a cash-and-stock deal valued at approximately $2.2 billion. THE DETAILS: The cleaning, food safety and pest-control services company said Friday that it will pay approximately $1.7 billion in cash and issue about 8 million shares of its stock as part of the acquisition.
Two people familiar with the negotiations said F1 was in talks with NBC for U.S. broadcast rights and the contract would not be renewed with Speed. NBC did not immediately respond to a request for comment, nor did a spokesman for Speed.
NEW ORLEANS-- A landfill executive awaiting trial on charges he conspired with his brother-in-law to embezzle nearly $1 million from a New Orleans- based construction management company was indicted Thursday on new charges stemming from an alleged tax fraud scheme.
HONOLULU-- A rail project shut down by court order will cost Honolulu more than $114 million, according to the head of the Honolulu Authority for Rapid Transportation.
TOPEKA, Kan.-- Kansas' former labor secretary tangled with Gov. The emails obtained by The Associated Press this week through an open records request are the first evidence to come to light afterward that Brownlee was at odds with another high-ranking administration official.