Top News & Analysis New Mexico

  • A 12,000 foot runway at Spaceport America.

    A $220 million, taxpayer-funded spaceport in New Mexico hopes to be home to big-time commercial space launches. Right now, it's pretty quiet.

  • Welcome to Spaceport America

    CNBC's Jane Wells reports from Spaceport America in New Mexico on the future of space transportation.

  • CHICAGO/ TAMPA, Fla., Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency said its decision to expand blood screening in the United States was based on concerns about more cases...

  • CHICAGO, Aug 26- The U.S. Food and Drug Administration recommended on Friday that all blood donated in the United States and its territories be tested for Zika virus, as it moves to prevent transmission of the virus through the blood supply. The agency said its move to expand blood screening in the United States was based on concerns about increasing cases of local...

  • Aug 25- Asset manager Blackstone Group LP will invest about $1.5 billion in the oil-rich Permian basin, in Texas and New Mexico. The company said it would partner with oil and gas company Jetta Operating Co Inc to create Jetta Permian, which will spend $1 billion on assets in the Delaware Basin, located in the larger Permian basin. Guidon Energy bought about 22,000...

  • Aug 17- Bankrupt coal company Peabody Energy won U.S. court approval on Wednesday for agreements with three states to partially cover $1.14 billion in potential environmental liabilities and for a bonus plan for its six top executives. Under the agreements, Wyoming can receive $127 million in cash if Peabody walks away from its mine cleanup obligations in the...

  • Aug 12- U.S. drillers this week added oil rigs for a seventh consecutive week, the longest recovery streak in the rig count in over two years, even as analysts revise down rig count growth forecasts and energy firms become more cautious the longer crude holds below $50 a barrel. U.S. crude futures were up almost 2 percent to over $44 a barrel, putting the contract on...

  • Aug 5- U.S. drillers this week added oil rigs for a sixth consecutive week, according to a closely followed report on Friday, despite crude prices falling to April lows below $40 a barrel this week. Energy firms continued to add most rigs in the Permian shale in west Texas and eastern New Mexico. Earlier in the week, U.S. crude dropped below $40, pushing it further away...

  • HOUSTON, Aug 4- A pact that 15 U.S. states signed to jointly investigate Exxon Mobil Corp for allegedly misleading the public about climate change sought to keep prosecutors' deliberations confidential and was broadly written so they could probe other fossil fuel companies. After numerous filings under sunshine laws, a copy of the agreement was obtained by the...

  • Aug 3- Occidental Petroleum Corp said it expects to grow 2016 production at the high end of its forecast of a 4-6 percent increase, while staying within its budget of $3 billion, helped by productivity and efficiency gains. Occidental said its production from U.S. fields increased to 302,000 barrels of oil equivalent per day in the second quarter from...

  • ALBUQUERQUE, N.M., July 29- The Federal Reserve should not overreact to Friday's weaker-than-expected U.S. "You can't overreact to any one data point... this number will get revised," Dallas Fed President Robert Kaplan told reporters in Albuquerque, New Mexico after speaking to a community bankers association. Earlier on Friday, the Commerce Department reported...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan on Friday played down the weaker-than-expected gross domestic product growth reported for the second quarter. "You can't overreact to any one data point... this number will get revised," Kaplan told reporters in New Mexico after speaking to a community bankers association.

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank's objectives. "I'd say we are making slow but... sluggish progress to meeting our objectives," Kaplan told a community bankers association in New Mexico. The Fed has a dual mandate of full...

  • Under agreements reached with Wyoming, New Mexico and Indiana, about 15 percent of Peabody's $1.2 billion in self-bonds will be secured by debtor-in-possession financing during its bankruptcy. Wyoming can receive $127 million cash if Peabody were to walk away from reclamation in that state while in bankruptcy, New Mexico $32 million and Indiana $17 million.

  • Small business with American flag

    States are dishing out billions in subsidies to attract big companies, but the deals are stiffing small-biz owners, says a watchdog group.

  • New Mexico Gov. Susana Martinez

    New Mexico once had the highest business taxes in the US. They have since cut taxes 22% to let the world know they are open for business.

  • Top States New Mexico

    The infrastructure is good, but the Land of Enchantment isn’t exactly running a solid offensive when it comes to regulation.

  • The SEC, which confirmed the verdict on Friday, said the jury after several days of deliberation had been unable to reach unanimous verdicts on its fraud or lying to auditor claims. The SEC sued Goldstone, Simmons and former Thornburg chief accounting officer Jane Starrett in 2012, alleging they hid the company's fast-deteriorating financial condition at...

  • June 24- U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices pull back after a recent rally to an 11- month high over $51 a barrel. Despite a decline in U.S. crude to below $48 a barrel on Friday after Britain voted to leave the European Union, several companies said...

  • NEW YORK, June 21- State budgets finally returned to their pre-recession peaks in fiscal 2016 after eight years, once adjusted for inflation, according to a survey published on Tuesday. Aggregate 50- state general fund spending and revenues have now surpassed the peaks they hit in fiscal 2008, the National Association of State Budget Officers reported in the...