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Detroit River tunnel operator avoids bridge battle

July 1, 2012 • BusinessComments Off

FOR RELEASE SUNDAY, JULY 1, 2012, AT 12:01 A.M. EDT – FILE – This Thursday, June 16, 2011 file photo shows an unfinished elevated ramp, upper right, next to the Ambassador Bridge in Detroit. Operators of an underwater, commuter tunnel connecting the United States to Canada are staying out of the fray over a planned [&hellip...

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NYC budget uncertainty could lead to cuts later

July 1, 2012 • BusinessComments Off

FILE – In this file photo of Oct. 4, 2011, a New York City taxi driver, displaying signs objecting to legislation that would allow livery cabs to pick up street hails in the outer boroughs, drives by a rally outside of New York Gov. Andrew Cuomo’s...

Gas under graveyards raises moral, money questions

July 1, 2012 • BusinessComments Off

This photo made June 29, 2012 shows the entrance to the cemetery in Lowellville, Ohio. Trustees there received a proposal earlier this year to lease cemetery mineral rights for $140,000 plus a percentage of any royalties for any oil and gas, raising a tricky...

Some Dems still skittish on health care; GOP riled

July 1, 2012 • BusinessComments Off

Spectators watch a copy of H.R. 3200, an unsuccessful bill known as America’s Affordable Health Choices Act of 2009, burn during a ceremony organized by RetakeOurGov to protest the U.S. Supreme Court upholding President Barack Obama’s health care...

Brief relief, long-term questions on student loans

July 1, 2012 • BusinessComments Off

FILE – In this April 17, 2012, file photo, House Transportation Committee Chairman Rep. John Mica, R-Fla. speaks on Capitol Hill in Washington. Congress on Friday, June 29, 2012 emphatically approved legislation preserving jobs on transportation...

Prices of Facebook stock since long-awaited IPO

June 30, 2012 • BusinessComments Off

FILE – In this Friday, May 18, 2012 file photo, electronic screens show the price of Facebook shares after they began trading in New York. A flood of analyst reports from the banks that led Facebook’s initial public offering gave the...

Judge: Resolve Port of Portland dispute by Tuesday

June 30, 2012 • BusinessComments Off

The Port of Portland’s Terminal 6 is shown Friday, June 29, 2012, in Portland, Ore. A federal judge has set a Tuesday deadline for a deal to end a dispute that has slowed the flow of cargo at the Port of Portland. At a hearing Friday, former Gov. Ted...

Christie signs $32B state budget, vetoes spending

June 30, 2012 • BusinessComments Off

In this photograph provided by the governor’s office, New Jersey Gov. Chris Christie signs the 2013 Budget in his office at the Statehouse in Trenton, N.J. on Friday, June 29, 2012. Christie took a veto pen to the state budget Friday, slashing $361...

Peter Madoff pleads guilty in NYC, blames brother

June 30, 2012 • BusinessComments Off

Peter Madoff leaves Federal Court on Friday, June 29, 2012 in New York after pleading guilty to criminal charges. Peter Madoff, the younger brother and business partner of disgraced financier Bernard Madoff pleaded guilty Friday to charges he doctored...

NJ company buys 60-year-old Salem power plant

June 30, 2012 • BusinessComments Off

FILE – This Dec. 16, 2011 file photo shows Dominion’s Salem Harbor Power Station along the waterfront in Salem, Mass. New Jersey-based power company Footprint Power LLC on Friday, June 29, 2012 announced it acquired the 61-year-old coal- and...