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Pennsylvania reinstates $11M fine against Uber after appeal

Uber, Pennsylvania

HARRISBURG, Pa. (AP) — Pennsylvania utility regulators reconsidered — and then reinstated — a record-setting $11.4 million fine imposed on ride-hailing company Uber, which says it’ll go to court to challenge it. Thursday’s 4-1 vote by the Public Utility Commission comes four months after the original vote to fine San Francisco-based Uber for operating in Pennsylvania for six months in ...

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California moves to add methane limits to climate agenda

cattle, methane, climate change

SACRAMENTO, Calif. (AP) — California Democrats are taking further steps to advance the state’s ambitious climate-change agenda, agreeing to regulate methane emissions from landfills and dairy farms for the first time and approving $900 million in spending on environmental programs. The approval came in the final hours of the two-year legislative session Wednesday following a flurry of negotiations involving Gov. ...

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Race for Facebook data center raises tax-break questions

Facebook data center, solar energy

SALT LAKE CITY (AP) — The race between a small town on the Rio Grande in New Mexico and a Salt Lake City suburb to entice a new Facebook data center with millions of dollars in tax breaks and subsidies is raising questions about public investments in a booming cloud-computing economy that typically brings few local jobs. In West Jordan, ...

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FAA forecast: 600,000 commercial drones within the year

WASHINGTON (AP) — There will be 600,000 commercial drone aircraft operating in the U.S. within the year as the result of new safety rules that opened the skies to them on Monday, according to a Federal Aviation Administration estimate. The rules governing the operation of small commercial drones were designed to protect safety without stifling innovation, FAA Administrator Michael Huerta ...

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Buffett’s company buys more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company now controls more than 15 percent of Phillips 66 stock after buying another 414,065 shares of the oil refiner this week. Berkshire Hathaway disclosed the latest purchases in a filing with the Securities and Exchange Commission on Wednesday. Berkshire now owns about 79.5 million shares of Phillips 66, which represents 15.2 percent of ...

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Tired of the Ups and Downs of the Contracting Business? Spray Foam May Be the Boost your Bottom Line Needs

Owning a contracting business has its ups and downs.  And when the “downs” outnumber the “ups,” it can be a little frightening. Keeping your cash flow steady and your employees busy is what makes a business successful, but when economic conditions, weather, or simply a slowdown in new business all hit at the same time, it can present a challenge. ...

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The hidden risk to the economy in corporate balance sheets

corporate debt, US economy

NEW YORK (AP) — America has a debt problem, but it’s not what you think. Yes, the federal government owes trillions of dollars more than it did a few years ago. Yes, Americans are still struggling to pay off mortgages and student loans. But it’s the buildup in debt elsewhere that is most worrying some experts, and the big borrower ...

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Parent of Circle K buying Texas-based CST Brands for $4.4B

Circle K, CST Brands, acquisition

SAN ANTONIO (AP) – The parent company of the Circle K convenience store and gas station chain has agreed to buy San Antonio-based CST Brands in a $4.4 billion deal. Canada-based Alimentation Couche-Tard and CST Brands announced the agreement Monday following approval by their respective boards. The deal is expected to close in early 2017, subject to approval of CST ...

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Stocks end mostly lower in quiet trade; oil prices decline

oil prices, financial markets, wall street

NEW YORK (AP) — Stocks closed slightly lower in quiet trading Monday after drifting most of the day between gains and losses. Energy companies fell along with the price of oil while biotechnology and drug companies rose after Pfizer announced it was buying a cancer drug maker. Trading remained subdued, as it has been for most of the month, with ...

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