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Author Archives: Ben Karkela

US stocks, dollar slide after weak jobs report

stocks

U.S. stocks moved lower in early trading Friday after a key government jobs report showed hiring slowed in May, a sign of economic weakness that could dissuade the Federal Reserve from raising interest rates this month. The dollar fell sharply against most major currencies, while bond prices surged as investors sought safety in U.S. government-backed debt. Financial and consumer stocks ...

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Alaska Legislature passes compromise state operating budget

JUNEAU, Alaska (AP) — The Alaska Legislature on Tuesday passed a compromise state operating budget that restored funding for public schools, reduced a proposed cut to the university system and aimed to prevent layoff warnings being sent to state workers. The vote came after House and Senate negotiators reached a deal late Monday. Lawmakers also passed a separate, pared-down state ...

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Top Eagle Ford news stories: May 27 – June 3

Eagle Ford news

Review the top Eagle Ford news stories, all in one place. Headlines this past week included details on the highest-paid CEOs in each state, OPEC’s inability to show resolve, and a new way to study energy production. 5. The highest-paid CEOs by state Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, ...

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Colorado’s new, higher oil and gas fines are biting industry

Colorado

DENVER (AP) — Colorado is imposing heftier fines on energy companies as the state struggles to resolve conflicts between growing cities and big oilfields at their doorstep, an Associated Press analysis shows. Regulators say the tougher penalties for breaking health, safety and environmental rules are prompting energy companies to be more careful. Others say it’s too early to call them ...

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Survey finds modest economic growth in many regions

economic growth

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors. The Fed’s latest survey of business conditions found that half of its 12 regions described growth as modest, ...

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Construction starts on southwestern Michigan solar project

solar, Michigan

WATERVLIET TOWNSHIP, Mich. (AP) — Construction is starting on an Indiana Michigan Power solar power project in southwestern Michigan. The utility says an estimated 50,000 solar panels are planned for a 35-acre site in Berrien County’s Watervliet Township. A groundbreaking ceremony is scheduled Wednesday afternoon. Plans call for it to generate enough electricity to power about 650 homes annually. Local ...

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