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Top News & Analysis North America

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  • FORT SMITH, Ark. _ ArcBest Corp. on Monday reported second-quarter net income of $20 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. ArcBest shares have decreased 29 percent since the beginning of the year.

  • FP&L is the state's largest electric utility, and NextEra operates in 26 other states and Canada. Now, NextEra is opening its own coffers to support Right to Rise, the super PAC formed to help Bush's bid for the presidency. Kristy Campbell, a Bush campaign spokeswoman, denied any conflict of interest in Bush's relationship with NextEra.

  • WASHINGTON— President Barack Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than previously expected, while granting states more time and broader options to comply. The tweaks to Obama's unprecedented emissions limits on power plants, to be unveiled at the White House on Monday, aim to address a bevy of concerns raised by both...

  • WASHINGTON— A new Associated Press-GfK poll finds most Americans think of water as a limited resource that can be depleted if people use too much. When asked to rate priorities when water is scarce during a drought, more said agriculture should be a top or high priority over residential needs, wildlife and industry. Here is a look at some of the poll's key findings:.

  • To Cheryl Hendricks in parched California, it's simple: To put food on the table "we rely on agriculture." She and her husband are taking shorter showers and removing lawn in response to California's four-year drought, but for growers and ranchers "it's more important for them to have it. In California, for example, agriculture accounts for 80 percent of all water...

  • While New York City riders have increasingly more choices in how to get from here to there with the rise of e-hailing apps— and lawmakers grapple with how to regulate the booming industry— the drivers who keep cars moving are stuck in the middle. "In three years, there will be no taxis on New York City streets," Uber driver Michael Keflom predicted as he prowled the...

  • NEW YORK, Aug 3- For U.S. coffee shops, business usually cools down as the weather heats up. Others have jumped on board, including the nation's largest coffee chain, Starbucks, which launched cold brew at 2,800 stores this summer. "One day, there will be no regular iced coffee," Mai said, while pouring a nitrogen-infused cold brew made by Brooklyn- based Gillies Coffee...

  • HONG KONG, Aug 3- Gaming revenue in Macau fell 34.5 percent in July from the previous year, hovering around five-year lows as wealthy Chinese punters stayed away from the world's biggest gambling hub. Gambling revenue fell year-on-year to 18.6 billion patacas, according to data released by the Macau government on Monday. Macau is the only legal casino hub in...

  • SAN JUAN, Puerto Rico— Most tables are empty at Walter Martin's coffee shop in San Juan's colonial district. But Puerto Rico's entrenched economic crisis is leading people to either cut their personal spending to the basics or flee to the mainland to search for jobs, contributing to the struggles of those left on the island. Nearly 10 years into a deep economic...

  • NEW YORK— AT&T is unveiling a new package that combines traditional TV and wireless services as it seeks to broaden its offerings following its $48.5 billion purchase of satellite TV company DirecTV about a week ago. The package announced Monday largely amounts to a $10- a-month discount for getting TV and wireless services at any level on the same bill.

  • Aug 3- The No. 2 U.S. wireless carrier AT&T Inc said it will bundle its wireless service with DirecTV's pay-TV offerings after the $48.5 billion deal was approved last month. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp Corp.. The company said it would serve more than 55 million customers in the United States, Latin America and the...

  • *Wheat near 6- week low on plentiful world supplies. Wheat lost ground to hover near last week's six-week low as the market continued to struggle due to abundant global supplies. Wheat touched $4.93-3/ 4 a bushel on Thursday, the lowest since June 22.

  • HONG KONG, Aug 3- An index of Asian shares outside Japan fell close to this year's lows thanks to a deepening selloff in commodities and concerns over slowing growth in China, while the dollar held its ground against a basket of currencies. "We believe the stock market panic in early July chilled economic activity, which is what the manufacturing PMIs picked up," ING...

  • With most commodities priced in U.S. dollars, the strength of the greenback, and the slowdown in China is leading a rout in commodity markets. "If Saudi Arabia and Iraq keep running full tilt and Libya and Iran get their oil production back on track, crude prices could languish below $60 for the next three years," said Morgan Stanley analyst, Martijn Rats in a research...

  • WASHINGTON, Aug 2- President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters. The White House said its revised Clean Power Plan will increase the required...

  • *Chicago Board Of Trade March soybeans fell 0.4 percent to $9.36-1/ 4 a bushel, near the session low of $9.36 a bushel- the lowest since July 28. *Wheat under pressure from constrained demand for U.S. supplies amid plentiful global supplies and cheaper offerings from competitors in the Black Sea region. *Crop scouts on the U.S. Wheat Quality Council's annual...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- U.S. crude posted its biggest monthly drop since the 2008 financial crisis on Friday after a string of losses in July triggered by China's stock market slump and signs that top Middle East producers were pumping crude at record levels.

  • UNITED NATIONS, Aug 2- The United Nations 193- member states agreed on Sunday on an agenda for the world's sustainable development over the next 15 years that pledges to leave no-one behind and is now due to be formally adopted by world leaders at a summit in September. "The sheer size, the depth and the complexity of this agenda challenges all of us, challenges the...

  • SAN FRANCISCO, Aug 2- Janet Yellen made her reputation as an early spotter of the looming slump seven years ago when she highlighted some unorthodox indicators of decline in consumer spending: tummy tucks, gourmet dining and country club memberships. As chief of the San Francisco Fed back in 2008, Yellen joked to colleagues at a somber policy-setting meeting...

  • NEW YORK, Aug 2- Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the unions have been in talks with Verizon over the company's plans to cut costs by controlling healthcare and pension-related benefits over a...