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Author Archives: Zach Koppang

Applications for US jobless aid rise from 4-decade low

In this Wednesday, March 30, 2016, photo, job recruiters work their booths at a job fair in Pittsburgh. On Thursday, April 28, 2016, the Labor Department reports on the number of people who applied for unemployment benefits in the previous week. (AP Photo/Keith Srakocic)

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits climbed last week, but remained near the lowest level in four decades, a sign that the slumping economy isn’t boosting layoffs. THE NUMBERS: The Labor Department says weekly applications for unemployment aid rose 9,000 to a seasonally adjusted 257,000. Applications fell in the previous week to the lowest since ...

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Federal board dismisses Montana coal railroad application

BILLINGS, Mont. (AP) — A federal transportation panel has dismissed a proposal for a $400 million railroad that would have hauled coal from a mine near the Montana-Wyoming border. Tuesday’s action by the Surface Transportation Board comes five months after the backers of the Tongue River Railroad suspended their application for the 42-mile line. The board also turned down a ...

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AP Interview: Saudi tourism plan unveiled by prince

DUBAI, United Arab Emirates (AP) — Saudi Arabia has plans to issue select visas to welcome tens of thousands of tourists a year as part of a sweeping national reform plan aimed at showcasing the country’s rich heritage, including pre-Islamic sites, and encouraging Saudis to spend some of their tourist money at home. A day after Saudi Arabia outlined its ...

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Statoil swings to Q1 profit partly offset by cost cuts

COPENHAGEN, Denmark (AP) — Norwegian oil and gas company Statoil ASA has swung to a profit of $611 million in the first quarter as reduced costs helped offset low crude prices. The figure reported Wednesday compares with a loss of $4.57 billion in the same period last year, when Norway’s biggest oil producer had large write-downs. Revenue at the partly ...

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