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Top News & Analysis United States

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  • GOLDEN VALLEY, Minn.— General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025— not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining the plan to The Associated Press ahead of the company's official announcement Tuesday, said General Mills is compelled to act because climate...

  • TRENTON, N.J.— The $225 million settlement between ExxonMobil and New Jersey reached this week confirms the oil giant must clean up more than 1,500 contaminated properties from gas stations to refineries— but exactly how much they'll spend or how long it'll take remains murky. Tuesday's settlement between New Jersey's Department of Environmental...

  • ALBUQUERQUE, N.M.— Republican presidential candidate Donald Trump's call for mass deportation of millions of immigrants living in the U.S. illegally, as well as their American-born children, bears similarities to a large-scale removal that many Mexican-American families faced 85 years ago. During that time, immigrants were rounded up and sent to Mexico,...

  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...

  • *Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...

  • LOS ANGELES— A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. At the third annual VRLA, a gathering of VR creators and enthusiasts in Southern California, the immersive technology transported more than 2,000 attendees beyond the walls of the Los Angeles Convention Center to other countries,...

  • *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

  • Stanley Fischer

    U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to hike rates slowly, Vice Chairman Stanley Fischer said.

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...

  • JACKSON HOLE, Wyo., Aug 29- Bank of England Governor Mark Carney said on Saturday that a slowdown in China's economy could push down further on inflation but it did not change, for now, the central bank's position on when and how it might increase interest rates. Their evolution needs to be monitored, not taken for granted, "he said, before adding the direct exposure of...

  • JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday. The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy...

  • Resident Jack Fotheringham and his business partners have been trying to open a Subway sandwich shop since 2006, all while fighting with the town over a law passed that same year barring chain restaurants. Fotheringham believes the 2006 ordinance was written specifically to keep the Subway from opening. Springdale Mayor Stan Smith said the ordinance was...

  • WASHINGTON— Federal Reserve Vice Chairman Stanley Fischer left the door open Saturday for a Fed rate increase in September, saying the factors that have kept inflation below the central bank's target level have likely begun to fade. Investors have been trying to determine whether the Fed might still be on course to raise interest rates after its Sept. 16-17...

  • Harvesting machinery is expensive, and there is no plant in Oregon to process the plants into fiber, seed and oil. This is the first year Oregon farmers can grow hemp, following the Legislature's approval in 2009. Growing hemp without a federal permit was banned in 1970 due to its classification as a controlled substance and relation to marijuana.

  • GEORGIA, Vt.— The two cottages on the shore of Lake Champlain will someday be passed down to her children but Enid Letourneau worries the algae that turns the shoreline pea-soup green each August means they won't amount to much of an inheritance. The algae, which can be toxic to humans and dogs, prompted the town of Georgia to reduce the property values $50,000 each...

  • In reversal, abundant grain trains available for harvest Saturday, 29 Aug 2015 | 10:33 AM ET

    The reversal is attributed to unprecedented spending on track upgrades, political pressure from politicians in agriculture-rich states and a drastic decrease in trains hauling crude and freight to and from western North Dakota's oil-producing region. "There had been some uncertainties but it has gradually gotten better," said Josh Mardikian, grain...

  • WASHINGTON— With melting glaciers and rising seas as his backdrop, President Barack Obama will visit Alaska next week to press for urgent global action to combat climate change, even as he carefully calibrates his message in a state heavily dependent on oil. The unambiguous goal of the president's trip is to use dramatic and alarming changes to Alaska's...

  • AMSTERDAM, Aug 29- The Dutch public employees' pension fund, the world's third largest, has sold all its shares in pharmaceuticals maker Mylan after it emerged that one of the company's products is in stock at a U.S. prison where death sentences are carried out. The move by ABP, which had $416 billion in assets in 2014 according to consultancy Towers Watson, is thought...

  • BEIJING, Aug 29- China on Saturday defended the recent revamp of its foreign exchange regime that led to a sharp devaluation of the yuan, calling it a "normal adjustment". On Aug. 11, in a move that stunned markets, China devalued the yuan by nearly 2 percent. China allows the yuan to rise or fall a maximum of 2 percent from a day's midpoint.