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Author Archives: Ben Karkela

Ukraine marks 30 years since Chernobyl

Ukraine marks 30 years since Chernobyl

KIEV, Ukraine (AP) — With flowers, candles, anger and tears, Ukraine on Tuesday marked the 30th anniversary of the explosion at the Chernobyl nuclear plant, the world’s worst nuclear accident. Some survivors said the chaos of that time is etched in their minds forever. Ukrainian President Petro Poroshenko led a ceremony in Chernobyl, where work is underway to complete a ...

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ExxonMobil loses AAA credit rating as debt increases

ExxonMobil loses AAA credit rating as debt increases

Standard & Poor stripped ExxonMobil of its AAA credit rating due to a plunge in oil prices and weak forecast. The Texas-based company was downgraded to an AA+ credit rating. The ratings agency cited “low commodity prices, high reinvestment requirements, and large dividend payments.” The decision comes as Exxon’s debt has increased substantially. “The company’s debt level has more than ...

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Core issues: NY considers aid for struggling nuclear plants

Core issues: NY considers aid for struggling nuclear plants

ALBANY, N.Y. (AP) — New York’s four nuclear plants, which generate more than a quarter of the state’s electricity, are going through turbulent times amid slumping power prices. And depending on how things play out, one or more could shut down entirely, affecting jobs, power reliability, electricity bills and carbon emissions. Though opposed by many environmentalists, New York’s nuclear plants ...

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Kerry: US won’t block foreign business under nuclear deal

Kerry: US won't block foreign business under nuclear deal

NEW YORK (AP) — The Obama administration is trying to address Iranian complaints that U.S. financial regulations are denying Iran the sanctions relief it deserves under last year’s landmark nuclear deal. Meeting with Iran’s foreign minister on Friday, Secretary of State John Kerry said the United States would not stand in the way of foreign banks or firms doing business ...

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US stocks fall in global slump as energy companies skid

US stocks fall in global slump as energy companies skid

NEW YORK (AP) — U.S. stocks are skidding Monday morning as global stocks also took losses. Energy companies are falling the farthest although the price of oil is little changed. Companies including Xerox and drugmaker Perrigo are down after reporting disappointing earnings. KEEPING SCORE: The Dow Jones industrial average fell 137 points, or 0.8 percent, to 17,866 as of 10:40 ...

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175 states signing landmark Paris deal on climate change

175 states signing landmark Paris deal on climate change

UNITED NATIONS (AP) — Leaders from at least 175 countries were signing the Paris Agreement on climate change Friday as the landmark deal took a key step forward, potentially entering into force years ahead of schedule. U.S. Secretary of State John Kerry, holding his young granddaughter, joined dozens of world leaders for a signing ceremony that set a record for ...

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Saudi Arabia outlines sweeping economic reform plans

Saudi Arabia outlines sweeping economic reform plans

RIYADH, Saudi Arabia (AP) — Saudi Arabia on Monday approved a long-awaited plan laying out reform priorities for the next decade and a half, setting in motion what is likely to be a period of significant economic change in the oil-rich kingdom. The project, which includes plans to float a stake in the world’s largest oil company and set up ...

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West Virginia, Japanese leaders talk natural gas partnership

CHARLESTON, W.Va. (AP) — West Virginia Gov. Earl Ray Tomblin, U.S. Sen. Joe Manchin and natural gas industry executives have met with Japanese business leaders to discuss investment opportunities. A Tomblin news release says executives from Energy Corporation of America and MarkWest Energy Partners joined for the meeting Friday in New York City. The release says almost 100 people attended, ...

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