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Dire warning in ship salvage lawsuit not repeated in court

Russ Bynum, Associated Press  |  Posted Feb 25th - 4:59pm

Officials for a salvage company suing to halt demolition of an overturned cargo ship on the Georgia coast appeared to back away Tuesday from claims that sawing the vessel into enormous chunks would cause an “environmental catastrophe.”

PG&E CEO blames past management for problems, promises fixes

Michael Liedtke, Associated Press  |  Posted Feb 25th - 4:43pm

PG&E Corp. CEO Bill Johnson blamed negligence by the company's past management for a cascade of catastrophes that killed nearly 140 people as he tried to persuade California regulators Tuesday that he is steering the utility to make safety its top priority.

Virgin Galactic reports high interest in its space flights

John Antczak, Associated Press  |  Posted Feb 25th - 4:01pm

Virgin Galactic has received nearly 8,000 online reservations of interest since its first successful test flight into space 14 months ago, the company said Tuesday as it nears commercial operation and prepares to reopen ticket sales.

'Criminal Minds,' 'Fresh Off the Boat' end on ratings high

David Bauder, Associated Press  |  Posted Feb 25th - 3:17pm

Two long-running series — CBS drama “Criminal Minds” and ABC's “Fresh Off the Boat” — ended their runs last week with modest bumps in the ratings.

Coronavirus poses tough challenge for economic policymakers

Paul Wiseman and Christopher Rugaber, Associated Press  |  Posted Feb 25th - 3:02pm

The fast-moving coronavirus isn’t just confounding health officials. It’s also bedeviling policymakers and central bankers who are struggling to assess the economic damage from an outbreak that's reached 37 countries and territories, infected 80,000 people and killed 2,700 worldwide.

Jury convicts ex-Microsoft worker in digital currency scheme

The Associated Press  |  Posted Feb 25th - 2:46pm

A jury on Tuesday convicted a former Microsoft worker of wire fraud and other charges in what prosecutors described as a scheme to steal $10 million in digital currency.

Dems thwart Senate Republicans on 2 abortion-related bills

Matthew Daly, Associated Press  |  Posted Feb 25th - 2:35pm

Senate Democrats on Tuesday blocked a pair of Republican bills that would ban most late-term abortions and threaten prison for doctors who don't try saving the life of infants born alive during abortions.

Disney CEO Bob Iger steps down in surprise announcement

Mae Anderson and Tali Arbel, Associated Press  |  Posted Feb 25th - 2:10pm

Disney CEO Bob Iger, who steered the company's absorption of Star Wars, Pixar, Marvel and Fox's entertainment businesses and the launch of a Netflix challenger, is stepping down immediately, the company said in a surprise announcement Tuesday.

The Walt Disney Co. names Bob Chapek CEO, replacing Bob Iger, effective immediately.

The Associated Press  |  Posted Feb 25th - 2:09pm

The Walt Disney Co. names Bob Chapek CEO, replacing Bob Iger, effective immediately.

Stocks slump again, driving the S&P 500 down 3%, as fears grow that the virus outbreak will slow the global economy

The Associated Press  |  Posted Feb 25th - 2:02pm

Stocks slump again, driving the S&P 500 down 3%, as fears grow that the virus outbreak will slow the global economy.

Migrant detention center to open after conditions stir anger

Cedar Attanasio, Associated Press  |  Posted Feb 25th - 1:27pm

A year after asylum-seekers and other migrants overwhelmed U.S. immigration authorities at the southern border, the Border Patrol is opening a processing facility in Texas that officials say could help it better care for detainees following outcry last year over young children and adults held in squalid, crowded conditions.

'Time is everything': World braces for spread of new virus

Carla K. Johnson, Associated Press  |  Posted Feb 25th - 1:26pm

“It’s not so much a question of if this will happen anymore, but rather more a question of exactly when this will happen — and how many people in this country will have severe illness,” said Dr. Nancy Messonnier of the U.S. Centers for Disease Control and Prevention.

Congresswoman: Science should guide nuclear storage decision

Susan Montoya Bryan, Associated Press  |  Posted Feb 25th - 12:57pm

A member of New Mexico's congressional delegation wants to ensure a “sound and robust” scientific review is done before federal regulators decide whether to sign off on plans for a multibillion-dollar temporary storage facility for spent nuclear fuel.

Opponents fault Trump proposal to cut environmental reviews

Ellen Knickmeyer, Associated Press  |  Posted Feb 25th - 12:38pm

Describing windows rattled by industrial blasts and windowsills covered in toxic ash, an African American resident of Texas’ oil hub joined Democratic lawmakers, state officials and others Tuesday in urging the Trump administration to drop a proposed rollback that they said would silence disadvantaged communities battling big polluters.

Earthquake risk prompts order to drain California dam

The Associated Press  |  Posted Feb 25th - 12:30pm

Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spilling into Silicon Valley.

Update on the latest in business:

The Associated Press  |  Posted Feb 25th - 11:52am

Stocks are falling sharply for a second day, as traders worry that the spreading coronavirus will threaten global economic growth. United Airlines and Mastercard joined a growing list of companies warning investors of the virus' impact on their finances. The steep sell-off on Monday erased all of the Dow Jones Industrial Average’s gains for the year. Energy companies fell as crude oil prices moved lower. U.S. government bond prices rose, sending yields even lower.

Mexico data confirm 0.1% economic contraction in 2019

Peter Orsi, Associated Press  |  Posted Feb 25th - 11:44am

Mexico’s economy entered a recession and contracted 0.1% in 2019, the first year of President Andrés Manuel López Obrador’s six-year term, according to fourth-quarter government figures reported Tuesday that confirmed preliminary data from last month.

Stocks sink, bonds soar as fears spread virus will stunt economy; S&P 500 sinks 2%, 10-year Treasury yield at record low

The Associated Press  |  Posted Feb 25th - 11:35am

Stocks sink, bonds soar as fears spread virus will stunt economy; S&P 500 sinks 2%, 10-year Treasury yield at record low.

No checkout needed: Amazon opens cashier-less grocery store

Joseph Pisani, Associated Press  |  Posted Feb 25th - 11:23am

Amazon wants to kill the supermarket checkout line.