Money & Markets

AP PHOTO
President Donald Trump, flanked by Commerce Secretary Wilbur Ross, left, and Energy Secretary Rick Perry, is seen in the Oval Office of the White House in Washington Friday, during the announcing of the approval of a permit to build the Keystone XL pipeline, clearing the way for the $8 billion project.

Trump approves Keystone XL pipeline

WASHINGTON — President Donald Trump greenlighted the long-delayed Keystone XL pipeline on Friday, declaring it a "great day for American jobs" and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade ...

Mnuchin say focus will turn to tax reform

WASHINGTON — Now that the effort to overhaul the nation's health care system has collapsed, the Trump administration is turning its attention to tax reform. President Donald Trump and Treasury Secretary Steven Mnuchin said Friday that the administration will now focus on gaining ...

Oil Pipeline Belle Fourche Leak

N.D. oil spill 3 times larger than estimated

BISMARCK, N.D. — A December oil pipeline spill in western North Dakota might have been three times larger than first estimated and among the biggest in state history, a state environmental expert said Friday. About 530,000 gallons of oil is now believed to have spilled from the Belle ...

Kansas blaze caused $23M-$25M in damage

OVERLAND PARK, Kan. — Officials in a Kansas City suburb where a fire destroyed a multimillion-dollar apartment building under construction and spread to about two dozen homes estimate the blaze caused between $23 million and $25 million in damage. The Kansas City Star reports that Overland ...

US to approve Keystone XL pipeline

WASHINGTON — The Trump administration will approve the Keystone XL pipeline on Friday, senior U.S. officials said, ending years of delay for a project that has served as a flashpoint in the national debate about climate change. The State Department will recommend the pipeline is in U.S. ...

Ed Staley

Utah: Toughest drunken driving limit in the US

SALT LAKE CITY — Utah's governor signed legislation Thursday giving the predominantly Mormon state the strictest drunken driving threshold in the country, a change that restaurant groups and representatives of the ski and snowboard industry say will hurt tourism. Republican Gov. Gary Herbert ...

Senate kills privacy rules guarding your online info

NEW YORK — The Senate voted to kill Obama-era online privacy regulations , a first step toward allowing internet providers such as Comcast, AT&T and Verizon to sell your browsing habits and other personal information as they expand their own online ad businesses. Those rules, not yet in ...

AP PHOTO
Sears signage is shown at its department store in Brooklyn's Flatbush neighborhood, Wednesday, in New York. Sears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open. Company shares tumbled more than 12 percent Wednesday.

Hard times for Sears as retailer notes doubt about future

NEW YORK — Sears, a back-to-school shopping destination for generations of kids, has said that after years of losing money that there is "substantial doubt" it will be able to keep its doors open. But it also insisted that its actions to turn around its business should help reduce that ...

Australia pair first foreigners to own US radio stations

JUNEAU, Alaska — An Australian couple with roots in Alaska has bought more than two dozen radio stations in three states, marking the first time federal regulators have allowed full foreign ownership of U.S. radio stations. The Federal Communications Commission recently approved a request ...

Blairo Maggi

Brazil meat exports collapse after scandal

SAO PAULO — Brazil's meat exports effectively collapsed this week, the agricultural minister said Wednesday, as several countries halted imports from the South American country in the wake of a meat inspection scandal. Brazil is struggling to contain the scandal, in which investigators say ...

Kochs spending millions to stop GOP health bill

WASHINGTON — The conservative Koch network is promising to spend millions of dollars to defeat the health care overhaul backed by President Donald Trump and top House Republicans. The network's leading organizations, Americans for Prosperity and Freedom Partners, announced late Wednesday ...

AP PHOTO
Workers prep poultry at the meatpacking company JBS, in Lapa, in the Brazilian state of Parana, Tuesday. Brazil's president said Tuesday that a scandal over sale of expired meat is an "economic embarrassment".

Brazil’s president: Expired meat scandal is ‘economic embarrassment’

SAO PAULO — President Michel Temer called Brazil's scandal over the sale of expired meat an embarrassment Tuesday as more countries suspended some meat imports from the South American nation. On Tuesday, Hong Kong, Japan and Mexico announced that they were halting at least some Brazilian meat ...

OxyContin maker asks judge to toss case brought by city

SEATTLE — The maker of the pain medication OxyContin has asked a federal judge in Seattle to throw out a Washington city's lawsuit that seeks to hold the drugmaker responsible for allowing its pills to flood the black market and into Everett. Purdue Pharma argued in court documents filed ...

Earns FedEx

FedEx profits rise, miss Wall Street’s target

DALLAS — Income and revenue rose during the peak holiday season at FedEx, but higher fuel costs helped keep profit below Wall Street's forecast. Holiday-season package volume was the heaviest ever, as the big package-delivery company continues to benefit from the growth in online ...

Neiman Marcus to pay $1.6M over 2013 breach

DALLAS — Neiman Marcus Group Ltd. has agreed to pay $1.6 million to settle a class-action lawsuit over a 2013 security breach that exposed the credit and debit card data of about 350,000 shoppers. Court documents show the Dallas-based luxury retailer filed the settlement agreement Friday ...

Workers of the Municipal Sanitary Surveillance confiscate hot dogs to be analzsed at a supermarket in Rio de Janeiro, Brazil, Monday, March 20, 2017. The European Union's spokesman in Brazil says the union is temporarily halting some imports of Brazilian meat amid an investigation into a massive scheme of meat adulteration, which involved some of the country's largest producers. (AP Photo/Silvia Izquierdo)

Brazil meat scandal deepens

RIO DE JANEIRO — A scandal over alleged bribery in Brazil's meat-packing industry to allow the sale of expired meat deepened Monday as the European Union, China and Chile decided to halt some meat imports from Latin America's largest nation. The developments represent a major blow to ...

President of embattled Uber leaves after 6 months on job

SAN FRANCISCO — Jeff Jones, president of the embattled ride-hailing company Uber, has resigned just six months after taking the job, the company confirmed Sunday. In a brief statement, Uber didn't say why Jones left. "We want to thank Jeff for his six months at the company and wish him all ...

AP PHOTO
Japanese Finance Minister Taro Aso, left, and U.S. Treasury Secretary Steven Mnuchin meet for talks ahead of the G-20 Finance Ministers meeting in Baden-Baden, southern Germany, Friday.

US, global partners wrestle over free trade stance

BADEN-BADEN, Germany — Top finance officials including new U.S. Treasury Secretary Steven Mnuchin are debating what stance to take on free trade at a meeting that will help set the tone for the global economy. The gathering of finance ministers and central bank heads from the Group of 20 ...

Tribal Solar Energy Plant

Tribal land solar power plant powers up

LAS VEGAS — Elected officials and tribal leaders helped Friday to power up a sun-to-electricity array that, in 2012, was the first utility-scale power production plant approved by the U.S. Interior Department on Indian land. The 250 megawatts generated at the Moapa Southern Paiute Solar ...

Wal-Mart buys online clothing seller ModCloth

NEW YORK — Wal-Mart has bought trendy clothing seller ModCloth, part of a big push to pick up smaller online brands as it tries to make headway against Amazon. The company declined to specify the price on the deal that closed Friday, saying only that it was in the same range as its previous ...