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Top News & Analysis North Dakota

  • Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. The Senate approved Joseph Otting by a vote of 54- to-43, with the confirmation expected. Otting spent more than 30 years as a banker with stints at U.S. Bank and Union Bank, and was most recently chief executive officer of OneWest, the California lender started by Mnuchin after the...

  • The mostly party-line 227-205 vote masked more ominous problems in the Senate. The Senate bill was approved late Thursday by the Finance Committee and sent to the full Senate on a party-line 14-12 vote. Elimination of the so-called individual mandate would add an estimated $338 billion in revenue over 10 years that the Senate tax-writers used for other tax...

  • CHICAGO/ NEW YORK, Nov 15- State and local governments could suffer hits to revenue collections under the tax reform bills being considered in the U.S. Senate and House because of the potential loss of a federal subsidy applied to bond issues and because a proposed increase in the standard taypayer deductions would affect some states. The future federal subsidy...

  • CHICAGO/ NEW YORK, Nov 15- States and local governments face additional revenue risks under U.S. House and Senate Republican tax reform bills from a potential loss of a federal subsidy and increases in standard taxpayer deductions that would cut cash to some state coffers. Now, the U.S. House of Representatives bill, which was unveiled Nov. 2, could knock out a...

  • Recently unsealed court documents indicate the government last spring sought evidence that might implicate Sophia Wilansky of federal crimes dealing with homemade explosives by searching her Facebook account. "There is probable cause to believe that violations have been committed by Sophia Wilansky," FBI Special Agent Brian VanOosbree said in an...

  • A coalition of a dozen national and Midwestern agricultural groups sued on Wednesday to overturn a California decision that could force the popular weed-killer Roundup to carry warning labels that it can cause cancer. It claims California's decision violates constitutional due-process and free-speech rights and should be superseded by federal...

  • WASHINGTON, Nov 15- Oil drilling in a vast Alaskan wildlife refuge could move a step closer to reality on Wednesday as a Senate panel votes to open part of the reserve coveted by conservationists. Republicans, who control Congress and the White House, have long wanted to prise open a portion of the Arctic National Wildlife Refuge on the north coast known as the 1002...

  • Nov 14- Wells Fargo& Co has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally, the U.S. Department of Justice said on Tuesday. Wells Fargo was also fined $20 million in September 2016 by the Office of the Comptroller of the Currency in a related case. In a statement, Wells Fargo spokeswoman Natalie Brown said...

  • Nov 14- Wells Fargo& Co has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally, the U.S. Department of Justice said on Tuesday. Other violations covered by that settlement were discovered later, leading to the latest payout, the Justice Department said. The San Francisco- based bank was also fined $20 million...

  • BISMARCK, N.D.— An appeals court ruled Tuesday that a federal judge in North Dakota was correct in not barring police from using harsh methods against Dakota Access pipeline protesters. District Judge Daniel Hovland refused the request and they appealed, putting on hold the rest of their lawsuit, which seeks unspecified damages for alleged police brutality...

  • Among major oil- and gas-producing states, Oklahoma gained six rigs, New Mexico increased by four and Alaska and Utah each gained one. Texas lost two rigs and West Virginia decreased by one. Arkansas, California, Colorado, Louisiana, North Dakota, Ohio, Pennsylvania and Wyoming were unchanged.

  • MINOT, N.D.— Trinity Health has received approval from the Ward County Commission to issue up to $380 million in bonds to finance a new hospital and medical park in southwestern Minot. The County Commission in August also approved up to $63 million for Trinity Health to refinance existing long-term debt at a lower interest rate, and to cover preliminary...

  • WASHINGTON, Nov 7- Republicans in the U.S. House of Representatives forged ahead on Tuesday with legislation to reshape the U.S. tax code, while a top credit-ratings agency said the bill would balloon the budget deficit and give only a temporary boost to the economy. As the House tax committee weighed amendments to a bill that Democrats have blasted as a give-away...

  • DENVER— Opponents of some Obama-era oil and gas regulations say a decision by a federal appeals court in Denver could allow those rules to go into effect temporarily, even though the Trump administration plans to revoke them. Colorado, North Dakota, Utah and Wyoming asked the court reconsider. Two industry groups— the Independent Petroleum Association of...

  • WASHINGTON, Nov 7- During the eight years of the Obama administration, business lobbyists often found the gates to the White House closed tight. And it is occurring despite White House dysfunction and distraction. The Trump White House is listening to them, they say.

  • Nov 6- Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets. Wells Fargo first said it was preparing to launch the robo-adviser, called Intuitive Investor, in February. The robo-adviser, developed with...

  • Nov 6- Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets. "Technology enables us to address the investing needs of millions of next-generation Wells Fargo customers many of whom are digitally savvy and...

  • Independence Blue Cross, a health insurer in Pennsylvania, has commissioned a tractor trailer truck to bring insurance consultants out to shopping centers and other neighborhood spots around Philadelphia. Centene Corp, best known for its Medicaid health insurance, is expanding TV and print advertising for Obamacare as it ventures into three new states:...

  • Nov 3- Wells Fargo& Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday. Wells Fargo disclosed the litigation in its third-quarter financial filing with the U.S. Securities and Exchange Commission. Wells Fargo's problems came to light...

  • HOUSTON, Nov 3- U.S. shale producers are telling investors impatient for better returns that they can keep boosting oil output aggressively and do so while still making money for shareholders. For the Organization of the Petroleum Exporting Countries, slower shale production gains would have been welcome. At least seven of the largest U.S. shale companies,...