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Feds reject Exxon Mobil bid to block shareholder proposal

Exxon sign by Mike Mozart via Flickr

ALBANY, N.Y. (AP) — The Securities and Exchange Commission has rejected Exxon Mobil’s bid to block a shareholder proposal that would require it to disclose how its business will be affected by a 2-degree target limit on global warming. The SEC Office of Chief Counsel said it disagrees with the Irving, Texas-based oil company that the proposal is “so inherently ...

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Crews tearing down iconic Rochester-area power plant

Russell Station power generation plant in Rochester, New York. (Image: rchappo2002 via Flickr)

GREECE, N.Y. (AP) — The Russell Station power generation plant, an iconic landmark near the Lake Ontario shoreline outside Rochester, is being torn down. Crews have begun demolishing the facility located in the Monroe County town of Greece. The plant opened in the late 1940s and was shut down by Rochester Gas and Electric eight years ago because of costly ...

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Stocks edge higher, led by media companies and retailers

Stocks edge higher, led by media companies and retailers

NEW YORK (AP) — Stocks closed mostly higher in quiet trading, led by gains in consumer companies. Media stocks rose Monday, as did hotel companies, but energy companies lost ground along with the price of oil. Starwood and Marriott climbed as Chinese insurance company Anbang Insurance Group made another effort to buy Starwood. Avon Products jumped 8 percent after reaching ...

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Cuomo: 112,000 energy efficiency projects done since 2012

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ALBANY, N.Y. (AP) — Some 112,000 homes, hospitals, schools and commercial buildings in New York state have completed or begun energy efficiency projects through state programs intended to encourage clean energy. Gov. Andrew Cuomo announced the total on Wednesday. It includes 90,000 homes and 22,000 apartment buildings, hospitals, schools and commercial sites. All told, the projects will save consumers $341 ...

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NY millionaires write to governor asking for higher taxes

New York tax

ALBANY, N.Y. (AP) — A group of more than 40 millionaires in New York state has written to Democratic Gov. Andrew Cuomo and top lawmakers calling on them to consider raising taxes on the state’s wealthiest residents to help address poverty and rebuild failing infrastructure. The letter, a copy of which was given to The Associated Press, proposes new, higher ...

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The Latest: Fed still expects benefits of cheaper gas

The Washington news conference of Federal Reserve Chair Janet Yellen is shown on a television screen on the floor of the New York Stock Exchange, Wednesday, March 16, 2016. The Fed is keeping short-term interest rates unchanged at a range between 0.25 percent and 0.5 percent, citing the risks posed by global economic and financial turmoil. (AP Photo/Richard Drew)

WASHINGTON (AP) — The latest on the U.S. Federal Reserve’s two-day policy meeting, which ended Wednesday. The central bank kept interest rates steady amid uncertainty about the global economy and financial markets. (All times local) 4:00 Federal Reserve officials are still waiting for cheaper oil and gas to boost consumer spending and perk up the economy. Fed Chair Janet Yellen ...

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US factories increase output in February

US factories increase output in February

WASHINGTON (AP) — U.S. factories produced more machinery, appliances and other goods last month, the second-straight increase in output and a sign manufacturing may be stabilizing after a difficult year. The Federal Reserve said Wednesday that factory production rose 0.2 percent in February, after rising 0.5 percent the previous month. The increases in the past two months follow four declines ...

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80k acres off Long Island coast dedicated for wind energy

View of an offshore wind energy farm at sunset. (Image: Aaron via Flickr)

NEW YORK (AP) — Federal officials say 81,130 acres off the coast of Long island will be dedicated for the development of commercial wind energy. Interior Secretary Sally Jewell said Wednesday that New York state has “tremendous” wind potential. Officials say the area is large enough to make major renewable energy contributions. An environmental assessment will now be completed to ...

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Manufacturing in New York finally expanded in March

FILE - In this Tuesday, July 7, 2015, file photo, the Statue of Liberty stands in New York harbor with the New York City skyline in the background. On Tuesday, March 15, 2016, the Federal Reserve of New York releases its March survey of manufacturers. (AP Photo/Kathy Willens, File)

WASHINGTON (AP) — Factory activity in New York expanded in March for the first time since last summer, and measures of new orders and shipments also posted robust gains. The New York Federal Reserve said Tuesday its Empire State manufacturing index rose to 0.6 in March from minus 16.6 the previous month. It was the first positive reading since July. Any reading ...

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1 dead, 2 missing after tugboat crash on Hudson River

A New York State Police boat passes near the site of a fatal collision in the water underneath the Tappan Zee Bridge in Tarrytown, N.Y., Saturday, March 12, 2016. A tugboat crashed into a barge on the Hudson River north of New York City early Saturday killing at least one crew member and leaving two still missing. (AP Photo/Seth Wenig)

NEW YORK (AP) — A tugboat crashed into a barge on the Hudson River north of New York City early Saturday, killing one crew member and leaving two missing and presumed dead. The 90-foot tugboat named Specialist hit a barge around 5:20 a.m. near where the new Tappan Zee Bridge, which connects two counties north of New York City, is being built, police ...

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