Tag: AP

Aug 2

Ohio utility that paid federal penalty says it’s now being investigated by a state commission

Article content COLUMBUS, Ohio (AP) — An Ohio-based utility company says it’s being investigated by a state office focused on organized crime in connection with payments the company made to the state’s former House speaker and a top utility regulator, a news outlet reported Wednesday. FirstEnergy said in a financial report filed Monday that it […]
Aug 1

Fitch downgrades US credit rating, citing mounting debt and political divisions

Article content WASHINGTON (AP) — Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. Article content The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. […]
Jul 29

India cuts rice exports, triggering panic-buying of food staple by some Indian expats in the US

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Bobby Caina Calvan Published Jul 29, 2023  •  3 minute read Join the conversation Article content NEW YORK (AP) — Chatter on one of Prabha Rao’s WhatsApp groups exploded last week when India announced that it was severely curtailing some rice exports to […]
Jul 28

Montana train derailment report renews calls for automated systems to detect track problems

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Josh Funk And Sam Metz Published Jul 28, 2023  •  6 minute read Join the conversation Article content Federal investigators renewed their recommendation that major freight railroads equip every locomotive with the kind of autonomous sensors that could have caught the track flaws […]
Jul 28

Trucking company Yellow Corp. is reportedly preparing for bankruptcy. Here’s what you need to know

Breadcrumb Trail Links PMN Business Author of the article: The Associated Press Wyatte Grantham-philips Published Jul 28, 2023  •  Last updated 19 minutes ago  •  5 minute read Join the conversation Article content NEW YORK (AP) — The fate of U.S. trucking company Yellow Corp. isn’t looking good. After years of financial struggles, Yellow is reportedly […]