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Fonterra posts revenue jump; cuts forecast payout

The Associated Press  |  posted 17 minutes ago
New Zealand dairy giant Fonterra posted record revenue Wednesday but signaled a tougher year ahead for farmers by cutting its projected payout to them.
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Wharf fire disrupts Los Angeles-area sea ports

Christopher Weber, Associated Press  |  posted 37 minutes ago
A fire that raged overnight on the underside of an old wooden wharf was finally quelled Tuesday but not before all container terminals at the Port of Los Angeles and several in adjacent Long Beach harbor were shut down because of worries about unhealthy smoke.
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Things to know about $8B wind energy proposal

The Associated Press  |  posted 47 minutes ago
An alliance of four companies has proposed an $8 billion project to supply the Los Angeles area with large amounts of electricity from a wind farm in Wyoming. Here are a few things to know about the ambitious project:
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US, California release roadmap for solar projects

Ellen Knickmeyer, Associated Press  |  posted 47 minutes ago
State and federal officials sought Tuesday to bring order to California's boom for renewable-energy plants in the Mojave and other southern California deserts, releasing a roadmap covering 22.5 million acres that designates some areas for large-scale solar, wind and geothermal plants and others for conservation of desert habitat and animals.
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Citizens Financial sets IPO at $21.50 a share

The Associated Press  |  posted Sep 23rd - 6:21pm
Citizens Financial Group Inc. has raised about $3 billion in its initial public offering of stock that was priced at $21.50 a share, below the expected range.
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Wind energy proposal would light Los Angeles homes

Michael R. Blood, Mead Gruver, Associated Press  |  posted Sep 23rd - 6:10pm
An alliance of four companies proposed an $8 billion project Tuesday that within a decade could send wind power generated on the plains of Wyoming to households in Southern California.
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Ban sought on children working on tobacco farms

Frederic J. Frommer, Associated Press  |  posted Sep 23rd - 5:51pm
Thirty-five House Democrats are urging the Obama administration to prohibit children from working on tobacco farms, citing concerns about ill health effects.
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Meters eyed as possible cause of Nevada fires

Scott Sonner, Associated Press  |  posted Sep 23rd - 5:50pm
Nevada utility officials said Tuesday they will turn over all data demanded by state regulators investigating whether smart electricity meters pose a fire danger.
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Lawyer: Offers made for closed Revel casino

Wayne Parry, Associated Press  |  posted Sep 23rd - 5:30pm
The lawyer for a Florida developer who has offered $90 million for the former Revel Casino Hotel in Atlantic City says multiple offers have been received for it, and an auction will be held Wednesday.
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45 more infants exposed to TB at Texas hospital

Juan Carlos Llorca, Associated Press  |  posted Sep 23rd - 5:00pm
Health officials say an additional 45 infants may have been exposed to a West Texas hospital worker infected with tuberculosis, bringing the total number of children potentially exposed to the disease to 751.
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San Diego philanthropist launches newspaper bid

Elliot Spagat, Associated Press  |  posted Sep 23rd - 5:00pm
An octogenarian philanthropist launched a bid to buy San Diego's dominant newspaper and turn it into one of the nation's largest nonprofit news organizations, while another major Southern California publisher ceased publication of its Los Angeles newspaper after only five months.
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Oil near its low for the year despite turmoil

Jonathan Fahey, Associated Press  |  posted Sep 23rd - 4:31pm
The oil market has lost its jitters.
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Senate OKs Philly schools cigarette tax measure

Peter Jackson, Associated Press  |  posted Sep 23rd - 4:30pm
After months of legislative squabbling, Pennsylvania lawmakers approved a bill Tuesday designed to provide crucial revenue for the cash-strapped Philadelphia School District.
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Prosecutor: Convicted developer hoarded cash

Larry O'Dell, Associated Press  |  posted Sep 23rd - 4:10pm
A former developer has been sentenced to 20 years in prison for fraudulently obtaining tax credits and then plotting to flee the country while he was supposed to be liquidating assets to raise money to repay his victims.
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Prosecutor: Convicted developer hoarded cash

Larry O'Dell, Associated Press  |  posted Sep 23rd - 4:10pm
A former developer was sentenced to 20 years in prison Tuesday for fraudulently obtaining tax credits and then plotting to flee the country while he was supposed to be liquidating assets to raise money to repay his victims.
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