News / 

Another record Dow high...Venezuela sanctions...SC nuclear reactor project scrapped

By The Associated Press | Posted - Jul. 31, 2017 at 3:50 p.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — The Dow Jones industrial average continues to build on its record highs. It rose 60 points Monday. Gains for banks and media companies mostly outweighed losses. Charter Communications jumped 6 percent following reports that Japanese technology company SoftBank might make an offer for it. Scripps Networks Interactive, which operates HGTV, rose 0.6 percent after agreeing to be acquired by Discovery Communications. The S&P edged down 1 point and the Nasdaq fell 26 points

WASHINGTON (AP) — The Trump administration has slapped financial sanctions on Venezuelan President Nicolas Maduro on after a weekend election that gave the South American country's ruling party virtually unlimited powers. The sanctions freeze any assets Maduro may have in U.S. jurisdictions and bar Americans from doing business with him. They were outlined in a brief notice by the Treasury Department's Office of Foreign Assets Control.

COLUMBIA, S.C. (AP) — Billions of dollars spent on two new nuclear reactors in South Carolina have evaporated. Customers of the two utilities — Santee Cooper and South Carolina Electric & Gas — may get little to nothing refunded of the billions they've already paid for the now-abandoned project. The reactors were set to be among the first built in the U.S. in decades but suffered years of delays and cost overruns. Pulling the plug will deal a severe blow to the nuclear industry.

MADISON, Wis. (AP) — Conservationists are opposing Republican plans to eliminate key environmental regulations as part of the incentives package luring a $10 billion Foxconn electronics plant to southeastern Wisconsin. Gov. Scott Walker's incentives bill would exempt Foxconn from environmental impact statements and state permits for filling wetlands and building on lake beds. Opponents say the bill would leave people in the dark about how the plant would affect the landscape and result in the loss of wetlands.

SAN FRANCISCO (AP) — The State Bar of California has proposed lowering the minimum score on the most recent licensing exam for attorneys amid an alarming decline in people passing the test that is considered one of the toughest in the U.S. The passage rate on the July bar exam fell from nearly 62 percent in 2008 to 43 percent in 2016. Some observers have blamed the falling success rate nationally on a dip in law school applications that has forced institutions to accept applicants who have not done as well academically.

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

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast