Top News & Analysis North Dakota

More

  • Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained 15, California was up by two and New Mexico gained one. Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

  • NEW YORK, July 22- U.S. independent refiners such as Valero Energy Corp and Phillips 66 look set to post another quarter of disappointing earnings, putting the industry on track for its worst year since the U.S. shale boom began in 2011.. High volumes of imports, combined with refiners switching to maximum gasoline output earlier than usual, resulted in...

  • July 21- Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo& Co, offering cheaper rates for loans to Amazon customers who pay for a "Prime Student" subscription. That's what they want out of this deal, " John Rasmussen, head of Wells Fargo's Personal Lending Group, said in an interview. Wells Fargo charges between 3.39 percent and...

  • BISMARCK, N.D.— Fuel tax collections for North Dakota's Transportation Department are tanking with fewer vehicles on the road due to the state's economic slowdown, the agency's director said Thursday. North Dakota has a 23- cents- a-gallon tax on motor fuel, which has not been raised since 2005 and is a nickel less than the national average. Each penny of North...

  • July 21- Amazon.com Inc is entering the student loan business in a partnership with Wells Fargo& Co, the companies announced Thursday. That's what they want out of this deal, " John Rasmussen, head of Wells Fargo's Personal Lending Group, said in an interview. Wells Fargo charges between 3.39 percent and 9.03 percent for a variable-rate student loan, and from 5.94...

  • In addition to a $61 million penalty, the deal requires spending on measures to prevent future spills, detect leaks and prepare for emergencies across Enbridge's Lakehead network, a web of 14 pipelines extending more than 2,000 miles across seven states. Additionally, Enbridge pledged to replace 300 miles of a pipeline, pay $1 million for a separate 2010 spill...

  • WASHINGTON, July 18- U.S. oil refiners Tesoro Corp and Par Hawaii Refining reached a $425 million settlement with the United States on Monday to resolve air quality violations at six refineries in Western states, the government announced on Monday. The accord requires the companies to invest $403 million in new equipment to better control air emissions at...

  • WASHINGTON, July 18- U.S. oil refiners Tesoro Corp and Par Hawaii Refining reached a $425 million settlement with the United States on Monday to resolve air quality violations at six refineries in Western states, the government announced Monday. The accord requires the companies to invest $403 million in new equipment to better control air emissions at...

  • WASHINGTON, July 18- U.S. oil refiner Tesoro Corp said on Monday it has reached a $10.4 million settlement with the United States for air quality violations at refineries in six Western states. Under the settlement, Tesoro will also invest $400 million in technology to better control air emissions at operations in Alaska, Northern California, North Dakota, Utah,...

  • SEATTLE— The Justice Department and the U.S. Environmental Protection Agency on Monday announced a $425 million settlement with two companies to reduce air pollution at six petroleum refineries in the West. It covers five refineries that Tesoro operates in Kenai, Alaska; Anacortes, Washington; Salt Lake City, Utah; Mandan, North Dakota; and Martinez, California.

  • CHICAGO— Fracking may worsen asthma in children and adults who live near sites where the oil and gas drilling method is used, according to an 8- year study in Pennsylvania. Fracking and improved drilling methods led to a boom in production of oil and gas in several U.S. states, including Pennsylvania, North Dakota, Oklahoma, Texas and Colorado.

  • LONDON, July 18- Wells Fargo has agreed to buy an 11- storey office development project in London's City financial district from HB Reavis, the U.S. bank said on Monday, one of the largest UK real estate deals since Britain voted to leave the European Union. The purchase of the building at 33 Central, King William Street-- close to the Bank of England and the River Thames--...

  • BISMARCK, N.D.— North Dakota's Republican majority leaders say they are not entirely opposed to postponing construction of a new $5 million governor's mansion due to the state's budget problems— if only for "appearances." Jack Dalrymple on Wednesday summoned the Legislature to return to Bismarck for a three-day special session beginning Aug. 2 to deal with a...

  • FARGO, N.D.— Officials with a North Dakota electric power cooperative said Friday that the group's Stanton power plant has become too costly to operate and will shut down within the next 12 months. It continues to operate the Coal Creek station, northeast of Stanton, and the Spiritwood station, near Jamestown. Great River is also the majority owner of Midwest...

  • In a decision that could end 15 years of litigation, the 2nd U.S. Circuit Court of Appeals in Manhattan said U.S. District Judge John Koeltl met a high legal standard in finding that borrowers whose mortgages had been owned or serviced by The Money Store and HomEq Servicing could not sue as a group. Borrowers accused The Money Store and HomEq of improperly charging...

  • Even as the San Francisco- based lender extended more loans, its profits fell 3.5 percent because it has started setting aside more money for possible losses in the future. Wells Fargo's shares fell 3 percent in afternoon trading following the results. At least five analysts asked Chief Executive John Stumpf and Chief Financial Officer John Shrewsberry about...

  • The bank, the biggest U.S. mortgage lender, said its net income applicable to common shareholders fell to $5.2 billion in the second quarter, from $5.4 billion a year earlier. Earnings per share slipped to $1.01 from $1.03, matching the average analyst forecast, according to Thomson Reuters I/B/E/S. Wells Fargo's $950.8 billion worth of average loans during the...

  • The bank, which is also the biggest U.S. mortgage lender and a major lender to the energy sector, said its net income applicable to common shareholders fell to $5.17 billion in the second quarter ended June 30, from $5.36 billion a year earlier. Earnings per share slipped to $1.01 from $1.03, matching the average analyst forecast, according to Thomson Reuters...

  • Wells Fargo on Friday reported second-quarter earnings of $5.56 billion, down from $5.72 billion in the same period a year earlier. On a per share basis, the San Francisco- based bank earned $1.01 per share, down from $1.03 per share a year earlier. Analysts surveyed by FactSet expected $1.01 per share, while 12 analysts surveyed by Zacks Investment Research were...

  • Sarah Paulson was nominated as best actress in a limited series for playing the lead prosecutor, Marcia Clark, and Courtney B. Vance was nominated for his performance as defense attorney Johnnie Cochran, who led Simpson's "Dream Team" of lawyers in winning his acquittal. The FX crime drama " Fargo," loosely based on Joel and Ethan Coen's motion picture of the same name,...