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Renewable energy shows record growth in power sector, but few gains in heating and transport

Wed, 06/17/2015 - 6:02pm
The growth of renewable energy outpaced that of fossil fuels in the electricity sector last year, with a record 135 gigawatts of capacity added from wind, solar, hydropower and other natural sources, a new study shows.
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LePage derides 'piggy projects' as he vows to veto several hundred items in state budget

Wed, 06/17/2015 - 5:47pm
Republican Gov. Paul LePage pledged Wednesday to use his line-item veto power to strike out "several hundred" items in the $6.7 billion budget that lawmakers sent to his desk just after midnight, blasting Democrats and Republicans alike for securing money in the spending plan for their own pet projects instead of funding his priorities.
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Democrat joins GOP calls for Office of Personnel Management chief to resign after data breach

Wed, 06/17/2015 - 5:42pm
A Democrat who serves on the House Homeland Security Committee is calling for the head of the Office of Personnel Management to resign.
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How the Dow Jones industrial average and other major indexes fared on Wednesday

Wed, 06/17/2015 - 5:35pm
Stocks closed higher on Wednesday after the Federal Reserve kept its benchmark interest rate unchanged at historic lows.
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Delaware bankruptcy judge tentatively OKs sale of Standard Register assets to Taylor Corp.

Wed, 06/17/2015 - 5:34pm
A Delaware bankruptcy judge has tentatively approved the sale of Standard Register Co.'s assets to a company run by billionaire businessman Glen Taylor, owner of the NBA's Minnesota Timberwolves and the Minneapolis Star Tribune newspaper.
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Figures on government spending and debt

Wed, 06/17/2015 - 5:28pm
Figures on government spending and debt (last six digits are eliminated).
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FedEx, Hill-Rom, Actuant, Kythera and La-Z-Boy are big market movers

Wed, 06/17/2015 - 5:02pm
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE FedEx Corp., down $5.40 to $176.73 The package delivery company reported a fiscal fourth-quarter loss and the results fell short of Wall Street expectations.
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Oracle Revenue Falls, Hurt by Stronger Dollar

Wed, 06/17/2015 - 5:01pm
Oracle Corp. said revenue fell a disappointing 5% in the May quarter, hurt in part by the stronger dollar and even though the software maker continued to see growth in its cloud-based products.
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Planes simultaneously taking off on intersecting runways halted at Chicago's Midway Airport

Wed, 06/17/2015 - 4:48pm
Two passenger jets simultaneously began to take off on intersecting runways at Chicago's Midway International Airport, forcing controllers to order one to halt to avoid a collision.
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Goldman Sachs prepares to loan money to consumers, aiming to catch boom in online lending

Wed, 06/17/2015 - 4:45pm
Wall Street's most iconic investment bank has decided to open its doors to Main Street.
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Yosemite National Park picks new firm to run hotels, camps, activities in $2 billion contract

Wed, 06/17/2015 - 4:05pm
Officials at Yosemite National Park say they have selected a new company to run hotels, restaurants and outdoor activities under the park system's largest single contract for services.
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Yellen: Focus on 'Path' of Hikes Not Timing

Wed, 06/17/2015 - 4:01pm
For anyone who hasn’t been paying attention, the path of rate hikes is going to be gradual.
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U.S. Stocks End Higher As Fed Signals Gradual Tightening

Wed, 06/17/2015 - 4:01pm
U.S. stocks ended Wednesday's choppy session with modest gains after the Federal Reserve left key interest rates unchanged and as Fed Chairwoman Janet Yellen reiterated policy makers' commitment to watch the economic data.
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Report: BIA regulations lead to missed opportunities for tribes to develop energy resources

Wed, 06/17/2015 - 3:42pm
A new report from the investigative arm of Congress largely blames the U.S. Bureau of Indian Affairs for hindering energy development on tribal lands.
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NYC Council members: Suicide after 3 years in jail with no conviction spurs bail reform effort

Wed, 06/17/2015 - 3:31pm
New York City Council members say the death of a 22-year-old man who hanged himself after spending three years in jail without ever being convicted is spurring them to push for bail reform.
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Global airline association scraps recommendation for smaller carry-on luggage

Wed, 06/17/2015 - 3:31pm
A global airline association has scrapped its recommendation to reduce the size of carry-on bags for air travelers after an "intense" response in North America.
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Obama to meet with pro-trade Democrats from Senate and House amid steps to salvage fast-track

Wed, 06/17/2015 - 3:10pm
President Barack Obama has scheduled a White House meeting with pro-trade Democrats to discuss how to salvage his ability to complete trade negotiations with 11 Pacific Rim nations.
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The full text of the Federal Reserve's statement after its meeting Wednesday

Wed, 06/17/2015 - 2:50pm
Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in April suggests that economic activity has been expanding moderately after having changed little during the first quarter.
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Fed Funds Futures Pricing In a 22% Chance Of Liftoff In September

Wed, 06/17/2015 - 2:50pm
Fed funds futures are now pricing in a 22% chance that the Federal Reserve will raise its benchmark interest rate in September for the first time since 2006, and a 0% chance of a rate hike at the July meeting of Federal Reserve policy makers, and only , according to the CME Group's FedWatch tool.
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Target says it will eliminate 140 jobs and 50 open positions after larger rounds of cuts

Wed, 06/17/2015 - 2:37pm
The retailer Target is cutting another 140 jobs at its headquarters and eliminating 50 other unfilled jobs.
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