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Texas leases more land, but gets lower prices amid oil slump

The Associated Press  |  Posted  Jan 17th - 3:31pm

The demand to lease Texas' publicly held land for energy exploration has increased since last summer, despite low oil prices — but it generated lower average prices.

Rates rise on short-term bills at weekly auction

The Associated Press  |  Posted  Jan 17th - 3:21pm

Interest rates on short-term Treasury bills rose in Tuesday's auction, with rates on three-month rates rising to their highest level since late December.

New legislators weigh ending Minnesota's Sunday booze ban

Kyle Potter and Brian Edwards, Associated Press  |  Posted  Jan 17th - 3:21pm

A ban on Sunday liquor sales that has been Minnesota law for more than eight decades could face a more aggressive challenge than usual this year due to an influx of new legislators and a push by one of the state's most powerful politicians.

Tiffany feels the Trump effect on 5th Avenue

The Associated Press  |  Posted  Jan 17th - 3:21pm

Security barricades, protesters and a perpetual media encampment in and around Trump Tower since the election tarnished sales at Tiffany, the posh jeweler whose flagship store is just steps from the president-elect's front door.

The Latest: Tillerson committee vote expected Monday

The Associated Press  |  Posted  Jan 17th - 3:21pm

The Latest on Congress (all times EST):

McConnell introduces bill to fund coal miner health plans

Andrew Taylor, Associated Press  |  Posted  Jan 17th - 3:20pm

Top Senate Republican Mitch McConnell on Tuesday introduced legislation to maintain health benefits for retired union coal miners whose companies have declared bankruptcy in recent years.

New York Times correspondent denied entry into Turkey

The Associated Press  |  Posted  Jan 17th - 3:14pm

The New York Times reported that one of its correspondents was briefly detained by border officials in Turkey as he arrived Tuesday at Istanbul's Ataturk Airport, then was forced to take a flight back to London with no explanation for why he had been refused entry into the country.

Richard Davis, longtime CEO of US Bank, to retire

Ken Sweet, Associated Press  |  Posted  Jan 17th - 3:12pm

U.S. Bank Chairman and CEO Richard Davis announced Tuesday that he will retire from his job as head of one of the nation's largest regional banks.

CSX Corp.'s fourth-quarter profit declines 2 percent

Josh Funk, Associated Press  |  Posted  Jan 17th - 3:11pm

CSX Corp.'s fourth-quarter profit declined 2 percent as the railroad worked to limit its costs while shipping demand remained weak.

Judge lets federal flaring rules take effect during lawsuit

Mead Gruver, Associated Press  |  Posted  Jan 17th - 3:03pm

New nationwide rules to curtail the practice of burning off excess natural gas from oil and gas wells on federal land took effect as scheduled Tuesday after a judge said he saw no urgent reason to block them while a lawsuit moves ahead.

State finishes safety review at site of major gas blowout

The Associated Press  |  Posted  Jan 17th - 3:01pm

A Southern California Gas Company facility where a blowout spewed methane for nearly four months has completed a safety review and could resume reduced operations after a series of public hearings, state officials said Tuesday.

Official: Puerto Rico govt could collapse if no steps taken

Danica Coto, Associated Press  |  Posted  Jan 17th - 2:53pm

The administration of Puerto Rico's new governor warned on Tuesday that the government of the U.S. territory could shut down if dramatic measures to offset its financial crisis aren't taken soon.

In Price's Ga. district, what happens after health repeal

Bill Barrow, Associated Press  |  Posted  Jan 17th - 2:51pm

Carla Dent is a restaurant owner who steers her employees to federal health insurance exchanges. Eden Purdy helps poor and working-class Georgians navigate the health care marketplace. Bryson Boech is a grocery cashier recently diagnosed with multiple sclerosis, what the insurance industry calls a pre-existing condition.

Business officials: 'Dry port' could make Utah a freight hub

The Associated Press  |  Posted  Jan 17th - 2:51pm

Some of the Utah's top business leaders and officials say building an inland port could provide a major boost to the local economy as cargo is ferried from West Coast seaports to the rest of the country.

18 million more uninsured if Obamacare killed, not replaced

Alan Fram, Associated Press  |  Posted  Jan 17th - 2:50pm

Insurance premiums would soar for millions of Americans and 18 million more would be uninsured in just one year if Republicans scuttle much of President Barack Obama's health care overhaul without a replacement, Congress' budget analysts said Tuesday.

Trump takes on House GOP tax, health care plans

Erica Werner, Associated Press  |  Posted  Jan 17th - 2:50pm

It came as news to most congressional Republicans, but turns out President-elect Donald Trump isn't crazy about their tax plan and has a dramatically different goal for health coverage than they do.

Bad day for bank stocks drags down indexes; dollar drops

Stan Choe, Associated Press  |  Posted  Jan 17th - 2:42pm

A bad day for bank stocks pulled the Dow Jones industrial average to its third straight loss Tuesday as many of the patterns that have propelled markets since Election Day last year snapped into reverse.

Small nuclear reactor design submitted for federal approval

Keith Ridler, Associated Press  |  Posted  Jan 17th - 2:40pm

An Oregon-based company is asking federal officials to approve its design for a small commercial nuclear reactor that a Utah energy cooperative wants to build in eastern Idaho.

Interior nominee Zinke disputes Trump on climate change

Matthew Daly, Associated Press  |  Posted  Jan 17th - 2:40pm

Donald Trump's choice to head the Interior Department on Tuesday rejected the president-elect's claim that climate change is a hoax, saying it is indisputable that environmental changes are affecting the world's temperature and human activity is a major reason.