Latest Corporate News

Mexico launches new oil refinery, denies solar permits

Jul. 01, 2022 20:35 PM EDT

MEXICO CITY (AP) — The office of Mexican President Andrés Manuel López Obrador said Friday that the new Gulf coast oil refinery he ordered built is “a dream come true." López Obrador “inaugurated” the partially finished Olmeca oil refinery in Dos Bocas, a city in his home...

Trump social media firm subpoened by feds, stock regulators

Jul. 01, 2022 20:12 PM EDT

NEW YORK (AP) — Donald Trump's social media company and some of its employees received subpoenas from both a federal grand jury and securities regulators, according to a public disclosure Friday, possibly delaying or even killing a deal promising a cash infusion needed to take on Twitter. ...

Prosecutor won’t sue Texas AG Paxton over Jan. 6 records

Jul. 01, 2022 20:09 PM EDT

AUSTIN, Texas (AP) — A prosecutor's office said Friday that it won't move forward with a lawsuit against Texas Attorney General Ken Paxton over his refusal to release his communications relating to his appearance at a pro-Donald Trump rally that preceded the deadly riot at the U.S. Capitol last...

California man will plead guilty in cannabis pen fraud

Jul. 01, 2022 19:40 PM EDT

LOS ANGELES (AP) — A Southern California man who once competed on the Philippines national decathlon team has agreed to plead guilty to bilking investors out of more than $28 million with a phony scheme to market cannabis vape pens, federal prosecutors announced Friday. David...

New Mexico customers to save monthly with coal plant closure

Jul. 01, 2022 18:43 PM EDT

ALBUQUERQUE, N.M. (AP) — The largest electric provider in New Mexico on Friday outlined the savings that customers will see from the closure of a coal-fired power plant as part of a filing mandated by state utility regulators. The document was required to be submitted by July 1 as...

Police: Child left in hot car by father dies in N. Carolina

Jul. 01, 2022 17:25 PM EDT

MEBANE, N.C. (AP) — A 1-year-old North Carolina child died Friday after being left inside a hot car by the father after he went to work, police said. The Mebane Police Department said officers responded to a call from a manufacturing plant after 12:20 p.m. following a report of...

Chip shortage keeps driving up auto prices, cutting sales

Jul. 01, 2022 16:26 PM EDT

DETROIT (AP) — U.S. new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry. Yet demand still outstripped supply from April through June, even with $5 per...

Closing prices for crude oil, gold and other commodities

Jul. 01, 2022 15:52 PM EDT

Benchmark U.S. crude oil for August delivery rose $2.67 to $108.43 a barrel Friday. Brent crude for September delivery rose $2.60 to $111.63 a barrel. Wholesale gasoline for August delivery rose 15 cents to $3.69 a gallon. August heating oil rose 11 cents to $3.94 a gallon. August...

California adds laws targeting ghost guns, sales to minors

Jul. 01, 2022 14:33 PM EDT

SACRAMENTO, Calif. (AP) — California, which already has some of the nation's toughest gun laws, has added new restrictions on untraceable “ghost guns” and on marketing firearms to minors, Gov. Gavin Newsom said Friday. "As the Supreme Court rolls back important gun safety...

EPA extends comment period on proposed mine restrictions

Jul. 01, 2022 13:37 PM EDT

JUNEAU, Alaska (AP) — The U.S. Environmental Protection Agency is extending by two months the public comment period on its proposed restrictions that would block plans for a copper and gold mine in Alaska’s Bristol Bay region. The agency in a statement said its regional office...