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The Latest: Schumer says Trump 'backed off' deal

WASHINGTON— The Latest on the budget battle in Congress:. Senate Minority Leader Chuck Schumer is accusing President Donald Trump of reneging on a deal he thought they had neared on immigration and spending. The New York Democrat said on the Senate floor that after a White House meeting Friday with Trump, he thought "in my heart" that senators could complete an...

Published on 20 January 2018 | 5:01 am


US rig count down by 3 to 936; Wyoming adds 3

Among oil- and gas-producing states, Wyoming gained three rigs, West Virginia increased by two and Louisiana, New Mexico, Pennsylvania and Texas each gained one. Colorado and Ohio each lost four rigs and Alaska, North Dakota and Utah each decreased by one. Arkansas, California and Oklahoma were unchanged.

Published on 19 January 2018 | 7:01 pm


Arkansas restricts controversial Monsanto, BASF farm chemical

CHICAGO, Jan 19- In a blow to manufacturers Monsanto Co and BASF SE, Arkansas state lawmakers voted on Friday to bar sprayings of a controversial weed killer after mid-April to protect farmers from potential crop damage. Arkansas will prohibit the use of herbicides based on a chemical known as dicamba from April 16 to Oct. 31, the strictest state limits imposed on...

Published on 19 January 2018 | 6:39 pm


The Latest: Senate Democrats derail bill to avert shutdown

WASHINGTON— The Latest on the budget battle in Congress:. Republicans control the Senate 51-49. The GOP needed 60 votes to prevail, but the tally was 50-48 as of 11 p.m. Eastern time. The Senate is awaiting a final vote from Majority Leader Mitch McConnell.

Published on 19 January 2018 | 12:42 pm


Tax law gives unexpected break to farmers who sell to co-ops

MINNEAPOLIS— Key senators and farm groups are trying to fix a provision in the federal tax overhaul that gave an unexpected tax break to farmers who sell their crops to cooperatives rather than regular companies. But it's not clear they can rework the legislation given the partisan divide on Capitol Hill. John Thune of South Dakota and John Hoeven of North...

Published on 18 January 2018 | 7:58 pm


Hospital groups creating company to make cheap generic drugs

TRENTON, N.J.— Several major not-for-profit hospital groups are trying their own solution to drug shortages and high prices: creating a company to make cheaper generic drugs. The not-for-profit drug company initially will be backed by four hospital groups— Intermountain Health, Ascension and two Catholic health systems, Trinity Health and SSM Health— plus the...

Published on 18 January 2018 | 6:38 pm


Pipeline protester accused in shooting reaches plea deal

BISMARCK, N.D.— A Denver woman accused of shooting at law officers during protests in North Dakota against the Dakota Access oil pipeline has reached a deal with prosecutors to avoid trial. Attorneys for Red Fawn Fallis said the decision was based on anti-protester sentiment in the area and unsuccessful attempts to have a judge order the prosecution to turn...

Published on 17 January 2018 | 2:08 pm


'Very strong' Democratic sentiment to oppose GOP budget bill

WASHINGTON— Top Senate Democrat Chuck Schumer said Wednesday there's "very, very strong" sentiment among Democrats in the chamber to oppose GOP- drafted legislation to keep the government's doors open, comments that could indicate the chances are increasing that the government could shut down at midnight Friday night. House GOP leaders unveiled the spending...

Published on 17 January 2018 | 6:12 am


Immigration deal distant as leaders try to avert shutdown

Conservative lawmakers have dampened GOP leaders' plans to prevent a government shutdown.

Published on 17 January 2018 | 5:33 am


Arkansas legislative panel backs proposal to ban herbicide

LITTLE ROCK, Ark.— Arkansas lawmakers recommended regulators move forward Tuesday with efforts to ban an herbicide that farmers in several states say has drifted onto their crops and caused damage, advancing the prohibition despite a lawsuit by a maker of the weed killer. Farmers have also complained about dicamba causing damage to their crops in other states,...

Published on 16 January 2018 | 10:27 pm


UPDATE 1-Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

Jan 16- A federal judge in Philadelphia on Tuesday rejected Wells Fargo& Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. District Judge Anita Brody said Philadelphia may pursue claims that the bank's alleged "reverse redlining" violated the federal Fair Housing...

Published on 16 January 2018 | 9:29 pm


Immigration deal distant as leaders try to avert shutdown

WASHINGTON— A deal between President Donald Trump and Congress to protect young immigrants from deportation remained distant Tuesday, as House Republicans leaders turned their attention to building support for a backup plan: a stopgap funding bill to stave off the threat of an election-year shutdown. The focus on a budget Plan B— another temporary measure...

Published on 16 January 2018 | 9:03 pm


UPDATE 1-U.S. Feb shale output expected to rise to 6.55 mln bpd -EIA

NEW YORK, Jan 16- U.S. oil output is expected to continue to rise in February with production from shale rising by 111,000 barrels per day to 6.55 million bpd, the U.S. Energy Information Administration said on Tuesday. The global oil market has been closely watching U.S. output, which may continue to contribute to global oversupply even as OPEC members, Russia and...

Published on 16 January 2018 | 8:39 pm


Wells Fargo loses bid to end Philadelphia predatory lending lawsuit

Jan 16- A federal judge in Philadelphia on Tuesday rejected Wells Fargo& Co's bid to dismiss that city's lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers. District Judge Anita Brody said Philadelphia may pursue claims that the bank's alleged "reverse redlining" violated the federal Fair Housing...

Published on 16 January 2018 | 8:25 pm


UPDATE 9-Oil prices drop off 3-year highs but strong demand supports

*OPEC/ Russia- led supply curbs prop up crude. NEW YORK, Jan 16- Oil prices dropped off three-year highs on Tuesday as traders booked profits but healthy demand underpinned prices near $70 per barrel, a level not seen since the market slump in 2014.. Prices have been driven up by oil production curbs in OPEC nations and Russia, and demand amid healthy economic growth.

Published on 16 January 2018 | 8:21 pm


North Dakota oil output cut back to meet gas capture rules

BISMARCK, N.D.— Fearing sanctions by the state, some North Dakota oil drillers have begun cutting output to control the amount of natural gas that's being burned off at well sites and wasted as a byproduct of crude production, industry and state officials say. Rebounding oil prices and technology advances in western North Dakota's oil patch have goosed crude...

Published on 16 January 2018 | 5:11 pm


RPT-ANALYSIS-U.S. oil industry set to break record, upend global trade

HOUSTON, Jan 16- Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day- toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. The U.S. government forecasts that the nation's production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world's...

Published on 16 January 2018 | 12:00 pm


ANALYSIS-U.S. oil industry set to break record, upend global trade

HOUSTON, Jan 16- Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day- toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. The U.S. government forecasts that the nation's production will climb to 11 million barrels a day by late 2019, a level that would rival Russia, the world's...

Published on 16 January 2018 | 6:00 am


UPDATE 2-Whoops! Last-minute change to U.S. tax overhaul splits grains sector

It was included during final revisions of the tax bill that passed the Republican-controlled Congress last month. The modification was introduced to compensate co-ops and their farmer owners when Congress eliminated a part of the tax code, known as Section 199, which had benefited them for more than a decade. Republican Senators John Hoeven of North Dakota...

Published on 12 January 2018 | 10:35 pm


UPDATE 2-U.S. Supreme Court takes up state online sales tax dispute

South Dakota fighting Wayfair, Overstock.com, Newegg. WASHINGTON, Jan 12- The U.S. Supreme Court on Friday agreed to decide whether to let states require online retailers to collect billions of dollars in sales tax, taking up South Dakota's dispute with three e-commerce companies. South Dakota, appealing a lower court decision that favored Wayfair Inc,...

Published on 12 January 2018 | 10:00 pm


Bank execs sing praises of new tax law as windfall looms

NEW YORK— Two of the nation's biggest banks— JPMorgan Chase and Wells Fargo— indicated Friday that they expect to see significant future benefits from the recently enacted GOP tax bill, through both lower taxes and increased business. JPMorgan Chase took a $2.4 billion charge tied to the tax bill, while Wells Fargo had a $3.35 billion benefit.

Published on 12 January 2018 | 8:55 pm


UPDATE 1-Whoops! Last-minute change to U.S. tax overhaul splits grains sector

It was included during final revisions of the tax bill that passed the Republican-controlled Congress last month. The modification was introduced to compensate co-ops and their farmer owners when Congress eliminated a part of the tax code, known as Section 199, which had benefited them for more than a decade. Republican Senators John Hoeven of North Dakota...

Published on 12 January 2018 | 8:52 pm


UPDATE 5-Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NEW YORK, Jan 12- Wells Fargo& Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday. The San Francisco- based company has been working to get to the bottom of its problems for more than a year, after...

Published on 12 January 2018 | 8:27 pm


UPDATE 11-Oil adds to rally, heads for fourth week of gains

*Russia's Novak: Oil market not balanced yet. NEW YORK, Jan 12- Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC- led deal to reduce production. Russian Energy Minister Alexander Novak said ministers from leading OPEC and non- OPEC...

Published on 12 January 2018 | 8:23 pm


UPDATE 1-U.S. Supreme Court takes up state online sales tax dispute

WASHINGTON, Jan 12- The U.S. Supreme Court on Friday agreed to decide whether to expand the ability of states to require online retailers to collect sales tax, taking up South Dakota's dispute with three e-commerce companies. South Dakota, appealing a lower court decision that favored Wayfair Inc, Overstock.com Inc and Newegg Inc, is asking the justices to...

Published on 12 January 2018 | 8:05 pm


Whoops! Last-minute change to U.S. tax overhaul splits grains sector

It was included during final revisions of the tax bill that passed the Republican-controlled Congress last month. The modification was introduced to compensate co-ops and their farmer owners when Congress eliminated a part of the tax code, known as Section 199, which had benefited them for more than a decade. Republican Senators John Hoeven of North Dakota...

Published on 12 January 2018 | 7:20 pm


UPDATE 10-Oil adds to rally, heads for fourth week of gains

*Russia's Novak: Oil market not balanced yet. NEW YORK, Jan 12- Oil prices rose for a sixth day on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC- led deal to reduce production. Russian Energy Minister Alexander Novak said ministers from leading OPEC and non- OPEC...

Published on 12 January 2018 | 6:46 pm


US rig count jumps by 15 to 939; Louisiana, New Mexico add 5

HOUSTON— The number of rigs exploring for oil and natural gas in the U.S. increased by 15 this week to 939.. Among oil- and gas-producing states, Louisiana and New Mexico each gained five rigs, Oklahoma increased by three, Colorado gained two and Alaska and Utah each increased by one. Arkansas, California, North Dakota, Ohio, Pennsylvania, West Virginia and Wyoming were...

Published on 12 January 2018 | 6:45 pm


US STOCKS-Wall St scales record highs on earnings optimism, robust data

*Consumer prices rise 0.3 pct in Dec. vs est. rise of 0.2 pct. Jan 12- Wall Street rose to record highs on Friday as fourth-quarter earnings season kicked off with solid results from JPMorgan and BlackRock and robust retail sales drove gains for consumer stocks. "There is optimism that earnings season is going to be relatively good and belief that the overall economy...

Published on 12 January 2018 | 6:17 pm


UPDATE 4-Wells Fargo sees no end yet to sales scandal costs, gets tax boost

NEW YORK, Jan 12- Wells Fargo& Co is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the bank's reputation and sideswiped its efforts to cut costs, Chief Executive Tim Sloan said on Friday. The San Francisco- based company has been working to get to the bottom of its problems for more than a year, after...

Published on 12 January 2018 | 5:57 pm








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