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Stocks slide...GAO: Gov't is wasting natural gas...Brine leaks in North Dakota



Estimated read time: 2-3 minutes

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NEW YORK (AP) — Stocks are broadly lower in afternoon trading on Wall Street after some weak U.S. economic reports and mixed corporate earnings results. Eight of the 10 industry sectors of the Standard and Poor's 500 index were lower, led by telecommunications companies. Yields on U.S government bond yields rose to their highest level in two months and oil prices continued to climb.

WASHINGTON (AP) — A congressional investigation has found that significant amounts of natural gas on federal lands are being wasted, costing taxpayers tens of millions of dollars each year and adding to greenhouse gas emissions. In a report obtained by The Associated Press, the Government Accountability Office says it has been urging the Bureau of Land Management to update guidelines for the burning or venting of natural gas since at least 2010, when it found 40 percent of it could be captured economically and sold. BLM has yet to do so.

POWERS LAKE, N.D. (AP) — An official with North Dakota's Department of Health says about 63,000 gallons of brine have leaked from a pipeline and some has reached a lake via a tributary. The state water quality director says it's unclear how much of the saltwater has entered Smishek Lake northeast of Williston, but he calls the 1,500-barrel leak "significant." Brine is an unwanted byproduct of oil production and is considered an environmental hazard by the state. It's many times saltier than sea water.

COLUMBUS, Ohio (AP) — A drugmaker is asking states to return supplies of the company's drugs that could be used for lethal injection. Illinois-based Akorn says it strongly objects to the use of its products in capital punishment and demands the return of the drugs in question, midazolam (mih-DAY'-zoh-lam), a sedative, and hydromorphone, a painkiller. It's unclear what triggered Akorn's request.

ATHENS, Greece (AP) — Cash-strapped Greece has managed to scrape together a 200 million-euro ($222 million) repayment to the International Monetary Fund. But Greece has a much larger commitment of about 770 million euros to make to the IMF next Tuesday. All indications are it will struggle to make that payment as well as meet some pensions and salaries due later that week. But the Greek finance minister and his Italian counterpart are reporting some progress in the long-stalled bailout negotiations.

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The Associated Press

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