Financial
Natural gas industry struggles to keep promises PDF  | Print |  E-mail
Written by JONATHAN FAHEY, AP Energy Writer   
Tuesday, 11 March 2014 06:43

HOUSTON (AP) — America's plan to use more natural gas to run power plants, make chemicals, drive vehicles and heat homes may not go as smoothly as expected.

There's plenty of natural gas in the ground, everyone seems to agree. But the harsh weather this winter shows there are obstacles to producing it, and more pipelines have to be built.

The bitter temperatures boosted demand for natural gas to heat homes and businesses. But wells in some places literally froze, making it difficult for some drillers to keep gas flowing. And the high demand clogged pipelines, so even when there was enough production, the gas couldn't get where it needed to go.

Shortages cropped up, and prices in some places soared to record levels. Californians and Texans were asked to reduce their power consumption because utilities were running low on gas to run power plants. Montana State University in Billings had to cancel classes for a day because of a natural gas shortage.

Read more...
 
Colorado collects $2M in recreational pot taxes PDF  | Print |  E-mail
Written by KRISTEN WYATT, Associated Press   
Tuesday, 11 March 2014 06:18

DENVER (AP) — Colorado made roughly $2 million in marijuana taxes in January, state revenue officials reported Monday in the world's first accounting of the recreational pot business.

The tax total reported by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold from 59 businesses. The state collected roughly $2.01 million in taxes.

Colorado legalized pot in 2012, but the commercial sale of marijuana didn't begin until January. Washington state sales begin in coming months.

The pot taxes come from 12.9 percent sales taxes and 15 percent excise taxes. Including licensing fees and taxes from Colorado's pre-existing medical marijuana industry, the state collected about $3.5 million from the marijuana industry in January.

Read more...
 
Los Angeles Register newspaper to launch April 16 PDF  | Print |  E-mail
Written by Associated Press   
Tuesday, 11 March 2014 06:42

LOS ANGELES (AP) — Freedom Communications Inc. said Monday that it has set April 16 as the launch date for its latest newspaper venture, the Los Angeles Register.

The new publication is part of an ambitious expansion driven by Aaron Kushner and Eric Spitz, who bought Freedom in 2012. The pair bulked up on newsroom staff at the Orange County Register, launched a new daily newspaper in Long Beach in August and bought the Press-Enterprise in Riverside in October.

It'll be the first incursion for the newspaper company into the heart of the metropolis long dominated by the 132-year-old Los Angeles Times. So far, Freedom has been focused on the suburbs.

Freedom said Monday that the "community building" newspaper will cost $1.50 on weekdays and $2 on Saturday and Sunday and be distributed at 7,500 locations around Los Angeles County. That's roughly the same price as the Times, which costs $1.50 Monday through Saturday and $2 on Sunday.

Read more...
 
Man charged in $7M shoplifting case remains jailed PDF  | Print |  E-mail
Written by Associated Press   
Monday, 10 March 2014 12:54

CHICAGO (AP) — A federal judge in Chicago says the head of a suburban family accused of shoplifting $7 million in goods must remain behind bars after deeming him a flight risk.

The ruling came Monday at a detention hearing for a father, mother and daughter accused of going on regular excursions nationwide to steal.

Prosecutor Renato Mariotti says Branko Bogdanov claims he's $28,000 in debt. But Mariotti says Bogdanov actually owns a $1.3 million Northbrook home and 12 vehicles, including a 2003 Chevy Corvette.

Mariotti also told the court the 58-year-old emigrated in 1973 from the former Yugoslavia and is in the U.S. illegally.

The judge didn't immediately rule on the detention of the mother and daughter. All three are charged with interstate transportation of stolen property. They haven't entered pleas.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
<< Start < Prev 71 72 73 74 75 76 77 78 79 80 Next > End >>

Page 72 of 221