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Puerto Rico continues crackdown on business tax debtors

August 6, 2016 • BusinessComments (0)

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s government says it has raided three more businesses with a combined tax debt of over $500,000, the latest of 132 firms collectively owing $48.9 million that are being targeted in a campaign started last year. Treasury Secretary Juan Zaragoza announced the raids in a statement Friday night. [&hellip...

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Norfolk men launch the ‘Uber of power tools’ business

August 6, 2016 • BusinessComments (0)

NORFOLK, Neb. (AP) — Four young entrepreneurs have launched a new startup called T’Work — a peer-to-peer tool rental marketplace. Zach Davy, Kyle King and Kent Seevers, all of Norfolk, and Cody Leach, of Lincoln, launched T’Work for Norfolk on...

Empire, Liberty file papers with Missouri regulators

August 6, 2016 • BusinessComments (0)

JOPLIN, Mo. (AP) — The proposed $2.4-billion merger of a Joplin-based utility with another utility may have moved a step forward. Empire District Electric Co. and Liberty Utilities Co., a subsidiary of Canada-based Algonquin Power & Utilities Corp.,...

Airport authority touts ‘captive audience’ in casino pitch

August 5, 2016 • BusinessComments (0)

HARTFORD, Conn. (AP) — The Connecticut Airport Authority touted how a casino at a Bradley International Airport terminal and new transportation center could “capitalize on a captive audience” in a pitch to Connecticut’s federally...

Berkshire Hathaway profit jumps 25 percent

August 5, 2016 • BusinessComments (0)

In this Tuesday, June 14, 2016, file photo, Berkshire Hathaway Chairman and CEO Warren Buffett addresses the White House Summit on the United State of Women in Washington. Berkshire Hathaway reports financial results Friday, Aug. 5, 2016. (AP Photo/Cliff...

Treasurer: Oklahoma downturn now longer than Great Recession

August 5, 2016 • BusinessComments (0)

OKLAHOMA CITY (AP) — Oklahoma’s tax collections were down for the 17th month in a row during July — largely due to depressed energy prices and ill-timed tax cuts — extending a losing streak that’s lasted longer than the nation’s Great...

Feds, Pennsylvania settle Consol Energy water pollution suit

August 4, 2016 • BusinessComments (0)

PITTSBURGH (AP) — Consol Energy has agreed to pay $3 million to settle a claim that its Bailey coal mining complex in southwestern Pennsylvania repeatedly polluted nearby streams beyond what’s permitted under federal and state law. The Justice...

Wynn to start work on $2 billion Boston-area casino

August 4, 2016 • BusinessComments (0)

EVERETT, Mass. (AP) — Wynn officials say they’ll be adding hundreds more construction workers as the building of a $2 billion Boston-area casino starts after years of legal fights. Wynn Boston Harbor President Robert DeSalvio and other project leaders...

Amtrak: New locomotives have cut delays nearly 25 percent

August 4, 2016 • BusinessComments (0)

In this May 13, 2013, file photo one of the new Amtrak Cities Sprinter Locomotive makes a demonstration run during unveiling ceremonies at the Siemens Rails Systems factory in Sacramento, Calif. The introduction of 70 new locomotives on Amtrak’s most...

Fed fines Goldman $36.3M for use of confidential material

August 3, 2016 • BusinessComments (0)

WASHINGTON (AP) — The Federal Reserve fined Goldman Sachs $36.3 million for what it called the use and disclosure of confidential materials that the U.S. uses in its supervision of banks. The Fed ordered the big Wall Street bank on Wednesday to put in place...