News archive from 14 March 2012

Nstar makes merger settlement in Conn.

Nstar and Northeast Utilities announced a settlement today with Connecticut regulators for their proposed $4.7 billion merger, clearing their last major hurdle. The deal calls for a $25 million rate credit and a freeze on base distribution rates until...

 

Nstar makes merger settlement in Conn.

Nstar and Northeast Utilities announced a settlement today with Connecticut regulators for their proposed $4.7 billion merger, clearing their last major hurdle. The deal calls for a $25 million rate credit and a freeze on base distribution rates until...

 

The Nasdaq composite's journey back above 3,000

The last time the Nasdaq composite index closed above 3,000 points, Bill Clinton was in the White House. Wall Street's torrid affair with startup companies that did business using that newfangled technology, the Internet, was ending badly. The date...

 

Quinn says state will 'vigorously appeal' denial of federal aid for Harrisburg

Gov. Pat Quinn said Tuesday he will “vigorously appeal” a decision by the federal government to deny the state’s request for aid following a deadly tornado that struck southern Illinois earlier this month. The Federal Emergency Management Agency...

 

Detroit Mayor Dave Bing on consent agreement proposal: 'I'm tremendously disappointed'

Detroit Mayor Dave Bing released a statement today responding to Gov. Rick Snyder's proposed consent agreement. Here is what he wrote: I’m tremendously disappointed that this consent agreement proposed by Governor Snyder does not represent the...

 

NCAA president eager to greet Obama in Dayton

INDIANAPOLIS -- North Carolina's postseason football ban may be the start of the NCAA's new, get-tough approach to rule-breakers. Just hours before the men's basketball tournament was scheduled to tip off in Dayton, Ohio, NCAA President Mark Emmert...

 

In shadows of hype, dialogue of 'too much' at SXSW

AUSTIN, Texas-At South By Southwest's 2012 interactive conference, there was, as usual, no shortage of eagerness for new developments and excitement for gadgetry. What's the future of online scrapbook Pinterest? Will the location technology of apps...

 

Prepaid debit card firms test new fee disclosures

WASHINGTON-Three major issuers of prepaid debit cards said Tuesday they will test a new fee-disclosure box designed to help people understand the costs of using cards to access their money. The disclosure box, designed by a non-profit group focused on...

 

Cruise industry leaders re-emphasize safety

MIAMI-Cruise industry leaders are re-emphasizing their commitment to safety and expressing optimism about the future. Thousands who work in the cruise and travel industries were in Miami Beach Tuesday for this year's annual industry convention. It's...

 

Oakland places Anderson on 60-day DL

In a move that's hardly surprising, the Oakland Athletics placed pitcher Brett Anderson on the 60-day disabled list Tuesday as he continues to rehab from Tommy John surgery. Anderson underwent the successful ulnar collateral ligament replacement...

 

US stocks surge after strong retail report

NEW YORK-Strong February retail sales are driving stocks higher. The Nasdaq is pushing above 3,000 for the first time in two weeks. The Commerce Department said Tuesday that U.S. retail sales rose 1.1 percent last month, the biggest gain since...

 

Florida Gulf Coast's long-awaited NCAA trip awaits

FORT MYERS, Fla. -- More 3-pointers made than any team in the country. One of only four teams ranked among the nation's top 15 in both points scored and points allowed per game. Owners of the third-longest current winning streak in women's basketball,...

 

Citibank, 3 others fail Fed stress test; 15 pass

WASHINGTON-Four major U.S. banks failed to show they have enough capital to survive another serious downturn, the Federal Reserve said Tuesday. The list included Citigroup, the nation's third-largest bank. The Fed said 15 of the19 major banks tested...

 

Valentine laughs off Guillen profanity

TAMPA, Fla. -- Red Sox manager Bobby Valentine laughed off Miami counterpart Ozzie Guillen's profane reference toward him, commenting: "Isn't that his standard comment on everything?" Guillen was ejected from Monday's spring training game...

 

Dollar rises against euro, yen after Fed statement

NEW YORK-The dollar rose against the euro, and hit and 11-month against the yen, after the Federal Reserve said that the economy has been improving since its last meeting in January. The Fed also said it expects the job market to improve steadily. The...

 

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