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Work to resume on Panama Canal expansion PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 07:25

PANAMA CITY (AP) — The administrator of the Panama Canal says work will resume Thursday on a major expansion of the canal two weeks after it was halted over a disagreement with a contractor on $1.6 billion in cost overruns.

It says the European-led construction consortium will go back to work even though they haven't reached a final agreement on how to finance the remaining work on a set of new locks

The dispute that began in January threatens to further delay completion of the $5.25 billion expansion project that will allow extra-large tankers and container ships to use the canal and cut travel time between Asia and the eastern U.S.

The consortium led by Spain's Sacyr blames poor planning for the cost overruns. Panama says the company is responsible for any unforeseen costs.


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 This material may not be published, broadcast, rewritten or redistributed.

 
Report: Detroit owed $82M for parking tickets PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 20 February 2014 07:21

DETROIT (AP) — A TV station's review of public records has found that Detroit is owed $82 million in fines and late fees for unpaid parking tickets.

WDIV-TV reported (http://bit.ly/NdzAsc ) the figure and says some of the overdue money is more than 10 years old and can't be collected.

The city is trying to get payments for some of what's owed. James Canty of Detroit's parking division says the city is putting holds on driver's licenses when they come up for renewal, taking motorists who owe money to court and reporting them to credit agencies.

Detroit is trying to get its finances and city services in order, and is going through the largest municipal bankruptcy in U.S. history.

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Information from: WDIV-TV, http://www.clickondetroit.com


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 This material may not be published, broadcast, rewritten or redistributed.

 
What would the iCar look like? It's fun to dream PDF  | Print |  E-mail
Written by BREE FOWLER, AP Technology Writer   
Thursday, 20 February 2014 07:24

NEW YORK (AP) — Rumors have been swirling since news broke this week of a possible meeting between Apple's top executive for acquisitions and the CEO of electric car maker Tesla.

 

Citing a person familiar with the matter, The San Francisco Chronicle reported Sunday that the get-together between Adrian Perica and Elon Musk took place last spring. The companies haven't commented on the report.

With $158.8 billion in cash on its balance sheet, Apple certainly has the money to buy Tesla, which has a market cap of about $24 billion.

Although a pairing of the two companies is a likely long shot and far off at best, it's kind of fun to think about a car made the company that brought us the iPhone and iPad. Here are a few ideas:

Read more...
 
Keystone pipeline faces new obstacle in Nebraska PDF  | Print |  E-mail
Written by GRANT SCHULTE, Associated Press   
Thursday, 20 February 2014 07:10

LINCOLN, Neb. (AP) — Just as pressure was building on President Barack Obama to make a decision on the Keystone XL pipeline that would carry oil from Canada to refineries in Texas, the project ran into another obstacle — and it came again from Nebraska.

A judge's decision Wednesday to overturn a Nebraska law that allowed the pipeline guarantees the legal fight will continue for at least several more months. It also could leave Nebraska's decision in the hands of the state Public Service Commission, a little-known board that regulates natural gas lines, grain warehouses and recreational vehicles.

The ruling was a victory for pipeline opponents, including environmentalists who say Keystone XL would carry "dirty oil" that contributes to global warming and Nebraska ranchers and farmers who fear it could hurt their water supply.

TransCanada Corp.'s pipeline is critical in Canada's efforts to export its growing oil sands production. Supporters say it will create thousands of jobs and move the U.S. toward North American energy independence.

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