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North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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Stocks flit from gains to losses after Fed minutes released

NEW YORK (AP) — Stocks are flitting between gains and losses on Wednesday after minutes from the Federal Reserve’s last meeting suggested that policymakers may raise interest rates next month if the economy continues to improve. Bond yields jumped, sending bank stocks even higher, while utilities and other high-dividend stocks fell. Retailers dropped after Target reported weak sales. KEEPING SCORE: ...

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Bristol Compressors to lay off about 120 employees

BRISTOL, Va. (AP) — Bristol Compressors says it plans to lay off about 120 employees as part of a restructuring plan. Local media outlets report the company made the announcement Monday. Bristol Compressors CEO Ed Gniewek said in a statement that the cutbacks are due to lower global oil prices and budget cuts by the oil producing governments. Workers have ...

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Stocks lower in morning after sizable gains the day before

stocks

NEW YORK (AP) — Stocks are mostly falling Tuesday morning as investors sift through new economic reports and earnings results. Utilities, consumer goods companies and banks fell the most after the market made sizable gains the day before. Wal-Mart Stores and JPMorgan Chase each dropped 1 percent, among the biggest declines in the Dow Jones industrial average. KEEPING SCORE: The ...

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US industrial production jumps by most since November 2014

Industrial production

WASHINGTON (AP) — U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged, the Federal Reserve said Tuesday. Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months. Fueling the improvement was utility production, which surged 5.8 percent in April. It was ...

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US stocks climb in broad rally as crude oil rises

NEW YORK (AP) — A jump in oil prices and some deal news helped send stocks up broadly Monday, breaking a three-day losing streak. Investors bought from the start of trading, pushing oil drillers and other energy stocks up sharply. A bullish oil report from Goldman Sachs helped send benchmark U.S. crude up 3.3 percent to its highest close in ...

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Justices won’t touch $236M verdict in Exxon Mobil pollution

Exxon Mobil, Supreme Court

CONCORD, N.H. (AP) — The U.S. Supreme Court said Monday it will not hear Exxon Mobil’s appeal of a $236 million judgment for its use of a gasoline additive that contaminated groundwater in New Hampshire. The court’s order leaves in place a jury verdict involving contamination by the chemical MTBE. Exxon Mobil wanted the judgment thrown out because New Hampshire ...

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US stocks gain in morning trading as crude oil rises

NEW YORK (AP) — Stocks rose on Wall Street Monday morning, led by gains in energy companies as the price of crude oil increased sharply. Marathon Oil jumped 6 percent and offshore driller Transocean rose 5 percent. Major U.S. stock indexes have fallen for three weeks in a row. KEEPING SCORE: The Dow Jones industrial average rose 125 points, or 0.7 ...

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Williams sues to maintain sale to Energy Transfer Equity

DALLAS (AP) — Williams Cos. has gone to court to pressure rival pipeline company Energy Transfer Equity to go through with the planned $32.6 billion purchase of Williams. In a lawsuit filed in state court in Delaware, Williams suggested that Energy Transfer is trying to get out of the deal. Energy Transfer’s spokeswoman did not immediately return phone and email ...

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Justices won’t touch $236M verdict in Exxon Mobil pollution

WASHINGTON (AP) — The Supreme Court will not hear Exxon Mobil’s appeal of a $236 million judgment for its use of a gasoline additive that contaminated groundwater in New Hampshire. The court’s order Monday leaves in place a jury verdict involving contamination by the chemical MTBE. Exxon Mobil wanted the judgment thrown out because New Hampshire was not required to ...

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