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Pipeline ruptures lead to settlement with Oklahoma company

The Associated Press  |  Posted  Jan 19th - 12:41pm

A subsidiary of Magellan Midstream Partners will complete $16 million in upgrades to pipelines and pay a $2 million fine as part of a federal settlement following pipeline ruptures in three states.

Dow erases gain for 2017 as stocks fall, bond yields climb

Stan Choe, Associated Press  |  Posted  Jan 19th - 12:34pm

The Dow Jones industrial average erased its gain for the year on Thursday, part of a pullback for stock indexes as Treasury yields continued their upward march.

Capitol renovation lawsuit thrown out by Cheyenne judge

Bob Moen, Associated Press  |  Posted  Jan 19th - 12:31pm

A state judge has dismissed a lawsuit contesting how a $300 million project to renovate the Wyoming Capitol is being managed, but one of the people who sued said the decision will be appealed.

Democrats want GOP committee head to open up ethics meeting

Mary Clare Jalonick, Associated Press  |  Posted  Jan 19th - 12:31pm

Democrats want all members of the House Oversight and Government Reform Committee to participate in a private meeting with the director of the Office of Government Ethics, and are frustrated that the Republican chairman has targeted the official for raising questions about President-elect Donald Trump's possible conflicts of interest.

Treasury pick defends foreclosure actions, asset disclosure

Martin Crutsinger, Associated Press  |  Posted  Jan 19th - 12:23pm

Steven Mnuchin, President-elect Donald Trump's pick as Treasury secretary, clashed with Democrats during a lengthy confirmation hearing Thursday over his handling of thousands of mortgage foreclosures and his failure to initially disclose to the committee $100 million in assets and interests in a Cayman Islands corporation.

The Latest: Partisan fight over meeting with ethics official

The Associated Press  |  Posted  Jan 19th - 12:21pm

The Latest on Congress (all times EST):

Costco agrees to pay $12M over lax pharmacy practices

The Associated Press  |  Posted  Jan 19th - 12:11pm

Costco Wholesale Corp. has agreed to pay nearly $12 million to settle Justice Department allegations of lax pharmacy controls over a four-year period.

Company that HHS pick invested in faced criminal penalty

Eric Tucker, Associated Press  |  Posted  Jan 19th - 12:11pm

A medical device company in which Rep. Tom Price purchased stock last year has faced years of legal problems and agreed in December to a $17 million Justice Department criminal penalty in a foreign bribery case.

US ends probe of Tesla Autopilot crash without seeking recall

The Associated Press  |  Posted  Jan 19th - 12:00pm

U.S. safety regulators have closed an investigation into a fatal crash involving Tesla Motors' Autopilot system without seeking a recall.

In Minnesota, rainy-day fund may help cover insurance hikes

Kyle Potter, Associated Press  |  Posted  Jan 19th - 11:51am

Minnesota lawmakers are working to offset massive health insurance premium increases for more than 100,000 residents who buy their own coverage.

Hotelier Schrager says pardon by Obama will bring closure

The Associated Press  |  Posted  Jan 19th - 11:45am

Hotelier and real estate developer Ian Schrager says his presidential pardon will bring important closure for him and his family.

The Latest: WTO chief frets over trade war talk

The Associated Press  |  Posted  Jan 19th - 11:43am

The Latest on the World Economic Forum in Davos, Switzerland (all times local):

In bipartisan nod, GOP-led Mississippi Senate commends Obama

Emily Wagster Pettus, Associated Press  |  Posted  Jan 19th - 11:30am

The Republican-led Mississippi Legislature has resisted much of President Barack Obama's agenda. But in a bipartisan gesture of goodwill, the state Senate is calling the Democrat "one of the most consequential presidents in recent history."

Perry says he regrets call to eliminate Energy Department

Matthew Daly, Associated Press  |  Posted  Jan 19th - 11:20am

Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, said Thursday he regrets his infamous statement about abolishing the federal agency and insisted it performs a critical function.

GOP lawmakers try to end Kansas governor's business tax cut

John Hanna, Associated Press  |  Posted  Jan 19th - 11:11am

With political support for an income tax break championed by Kansas Gov. Sam Brownback having eroded, fellow Republicans in the GOP-controlled Legislature are spearheading an effort to end it.

US lawsuit says preschool wrongly expelled disabled child

The Associated Press  |  Posted  Jan 19th - 11:11am

A company that runs a New Jersey preschool is defending itself against a federal complaint that it violated the Americans with Disabilities Act when it expelled a child with Down syndrome because she wasn't potty-trained.

US ends probe of Tesla fatal crash without seeking recall

Tom Krisher, Joan Lowy and Dee-Ann Durbin, Associated Press  |  Posted  Jan 19th - 11:10am

U.S. safety regulators have closed an investigation into a fatal crash involving electric car maker Tesla Motors' Autopilot system without seeking a recall, but they criticized the way the company markets the semi-autonomous driving feature.

War of words over Trump plans to expand Scottish resort

Bernard Condon and David Koenig, Associated Press  |  Posted  Jan 19th - 11:10am

Donald Trump has vowed his company will do "no new foreign deals" while he is president. But he's left "new" and "deals" open to interpretation.

Gubernatorial candidate says Otter's tax claim is misleading

Kimberlee Kruesi, Associated Press  |  Posted  Jan 19th - 11:01am

Idaho gubernatorial candidate Russ Fulcher says Gov. C.L. "Butch" Otter is being misleading when he claims that he's cut $1 billion in tax relief over the past 11 years.

Federal watchdog sues TCF Financial over overdraft fees

Jeff Horwitz, Associated Press  |  Posted  Jan 19th - 10:55am

Federal consumer finance regulators said Thursday they were suing TCF Financial Corp., alleging the bank deceived consumers so it could charge them exorbitant overdraft fees.