Category Archives: Economy
Reports: Hedge fund execs to pay billions in tax settlement
NEW YORK (AP) — Executives at a New York hedge fund have agreed to pay as much as $7 billion to settle a long-running dispute with the U.S. tax authorities, according to reports Thursday.
Manchin seeks ‘strategic pause’ on Biden bill, opposes $3.5T
WASHINGTON (AP) — Centrist Sen. Joe Manchin said Thursday that Congress should take a “strategic pause” on more spending, warning that he does not support President Joe Biden's plans for a sweeping $3.5 trillion effort to rebuild and reshape
Ida-hit oil industry port sustains less damage than feared
BATON ROUGE, La. (AP) — A critical port that serves as the primary support hub for the Gulf of Mexico’s deepwater offshore oil and gas industry sustained less damage from Hurricane Ida's direct hit than initially feared and should be
Alaska governor adds nursing, telehealth issues to agenda
JUNEAU, Alaska (AP) — Alaska Gov. Mike Dunleavy on Thursday expanded the special session agenda to include bills dealing with nursing and telehealth amid a surge in COVID-19 cases in the state.
Limo operator avoids prison time in crash that killed 20
SCHOHARIE, N.Y. (AP) — The operator of a limousine company was spared prison time Thursday in a 2018 crash that killed 20 people when catastrophic brake failure sent a stretch limo full of birthday revelers hurtling down a hill in
EXPLAINER: How California could recall Gov. Gavin Newsom
LOS ANGELES (AP) — California’s Sept. 14 recall election could remove first-term Democratic Gov. Gavin Newsom from office. Just over 5 million mail-in ballots — the form of voting most Californians use — already have been returned out of 22
Judge OKs settlement with US Steel over 2017 Indiana spill
HAMMOND, Ind. (AP) — A federal judge has approved a revised settlement with U.S. Steel, more than four years after one of the steelmaker's Indiana plants discharged wastewater containing a potentially carcinogenic chemical into a Lake Michigan tributar...
Biden says Ida, wildfires show ‘climate crisis’ has struck
WASHINGTON (AP) — President Joe Biden on Thursday pledged robust federal help for the Northeastern and Gulf states battered by Hurricane Ida and for Western states beset by wildfires — with the catastrophes serving as deadly reminders that the “climate...
Pollution cleanup from sunken Alaska ship costing millions
JUNEAU, Alaska (AP) — Costs to contain pollution from a ship that sank near Kodiak Island more than 30 years ago have reached about $3 million in the weeks since authorities were notified of an oily sheen from the wreckage,
US envoy Kerry says China crucial to handling climate crisis
BEIJING (AP) — China needs to expand its efforts to reduce carbon emissions to help hold back the rise in global temperatures, U.S. climate envoy John Kerry said Thursday.
