More Business Articles

  • Shell, Alaska Natives to share in offshore profits

    ANCHORAGE, Alaska (AP) — An Alaska Native regional corporation and six Native Village corporations have signed an agreement with a Shell Oil subsidiary that aims to share the profits from offshore drilling off Alaska's northern coast. Shell and the Arctic Slope Regional Corp. announced the...

  • AP PHOTOS: Mansion or shack? It's the $1M question

    SAN FRANCISCO (AP) — Swimming pool with a hot tub. Four bedrooms and four-car garage. Granite countertops and stainless-steel appliances. That's what $ 1 million will buy you in the Phoenix suburb of Mesa. What will the same seven-figure price tag get you in San Francisco? Not much. The Bay...

  • Marathon Petroleum 2Q profit rises 44 percent

    FINDLAY, Ohio (AP) — Marathon Petroleum Corp. (MPC) on Thursday reported earnings that rose by 44 percent in its second quarter, and topped analysts' expectations. The Findlay, Ohio-based oil refiner said net income rose to $855 million, or $2.95 per share, from $593 million, or $1.83 per...

  • NY Fed: Puerto Rico should seek economic reforms

    SAN JUAN, Puerto Rico (AP) — New York's Federal Reserve Bank warned on Thursday that Puerto Rico needs to improve its financial health soon or face a "painful adjustment." The report came as the island's power company once again reached an agreement with lenders to extend a deadline to make...

  • Medicare drug premiums to rise for 2nd year

    WASHINGTON (AP) — Medicare says premiums for prescription drug plans will rise in 2015 for the second year in a row. Officials said Thursday that Medicare's average monthly drug premium will rise next year to $32. The modest increase of $1 a month comes amid worries over the future impact of...

  • Coal dust limit to try to combat black lung

    CHARLESTON, W.Va. (AP) — The Obama administration's push to reduce black lung disease by limiting coal dust in mines will begin to take effect on Friday. The U.S. Department of Labor's Mine Safety and Health Administration coal dust rule will be phased in, with requirements including increased...

  • Tesla says decision on battery factory months away

    DETROIT (AP) — Electric car maker Tesla Motors says it is preparing a site near Reno, Nevada, as a possible location for its new battery factory, but is still evaluating other locations. In a statement, Tesla says it broke ground on the Nevada site in June, and adds that it will decide on the...

  • SeaWorld, Southwest Airlines ending partnership

    ORLANDO, Fla. (AP) — Southwest Airlines and SeaWorld Entertainment are ending their 25-year-old marketing partnership, officials with both companies said Thursday, as the airline has been urged by animal rights activists to terminate the relationship. The partnership won't be renewed at the end...

  • Debit overdraft fees often exceed cost of purchase

    WASHINGTON (AP) — The fees that banks charge debit-card users who overdraw their accounts usually cost more than the items being bought. That's the result of a study that the Consumer Financial Protection Bureau released Thursday. Large banks have generally charged a $34 penalty when people...

  • Testimony, advocates clash at EPA coal hearings

    PITTSBURGH (AP) — Union miners and others opposed to stricter pollution rules for coal-burning power plants proposed by the Environmental Protection Agency clashed inside and outside the city's federal building on the first of two days of public hearings on the new regulations. About 5,000...

  • Figures on government spending and debt

    WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.

  • Target taps outsider as CEO for needed shakeup

    NEW YORK (AP) — Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers. The Minneapolis-based company said Thursday that it named PepsiCo executive Brian Cornell to the top spot, replacing Chief Financial Officer John...

  • Twitter: Govt. requests for user data increased

    NEW YORK (AP) — Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users. More than half of the requests came from the United States, as has been the case since Twitter began issuing its...

  • Network planned to bring shale power to East Coast

    HARRISBURG, Pa. (AP) — PPL Corp. said Thursday it wants to spend billions of dollars to build a 725-mile system of electric transmission lines that will bring energy from the booming Marcellus Shale natural gas fields to customers on the heavily populated Eastern Seaboard. The Allentown-based...

  • Montana prairie reserve tops 300,000 acres

    BILLINGS, Mont. (AP) — A privately funded conservation reserve taking shape on north-central Montana's open prairie now spans more than 300,000 acres — or almost 470 square miles — with the addition of a large parcel south of Malta that was disclosed Thursday. American Prairie Reserve manager...



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