Energy industry

FILE - In this Nov. 26, 2018, file photo, a Pacific Gas & Electric lineman works to repair a power line in fire-ravaged Paradise, Calif. California regulators will consider suspending a $200 million fine against Pacific Gas & Electric for neglecting electrical equipment that killed more than 100 people. If PG&E is granted the waiver to help it emerge from bankruptcy, it will deprive California of desperately needed money as a pandemic-driven recession depletes state revenue from sales and income taxes. (AP Photo/Rich Pedroncelli, File)
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May 07, 2020 - 5:22 pm
BERKELEY, Calif. (AP) — California regulators on Thursday suspended a $200 million fine that Pacific Gas & Electric was supposed to pay as punishment for the utility's neglect of electrical equipment that ignited a series of deadly wildfires in Northern California. The waiver approved in a...
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1010 WINS Newsroom
May 07, 2020 - 2:58 pm
WASHINGTON (AP) — The U.S. is pulling two Patriot missile batteries and some fighter aircraft out of Saudi Arabia, an American official said Thursday, amid tensions between the kingdom and the Trump administration over oil production. The official said the decision removes two batteries that were...
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A boy affected by a chemical gas leak is carried for medical treatment in Vishakhapatnam, India, Thursday, May 7, 2020. Chemical gas leaked from an industrial plant in southern India early Thursday, leaving people struggling to breathe and collapsing in the streets as they tried to flee. Administrator Vinay Chand said several people fainted on the road and were rushed to a hospital. (AP Photo)
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May 07, 2020 - 8:59 am
HYDERABAD, India (AP) — A gas leak at a chemical factory owned by a South Korean company in southern India early Thursday left at least 11 people dead and about 1,000 struggling to breathe. The chemical styrene, used to make plastic and rubber, leaked from the LG Polymers plant in the city of...
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May 07, 2020 - 5:10 am
COPENHAGEN, Denmark (AP) — Norway’s central bank has cut its key policy rate by a quarter percentage point to 0% as the economy is slammed by the combination of the coronavirus pandemic and a recent plunge in the price of oil. “The uncertainty surrounding developments ahead is unusually high,”...
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1010 WINS Newsroom
May 06, 2020 - 9:55 pm
BAGHDAD (AP) — Iraq’s former spy chief was sworn in as prime minister by lawmakers early Thursday after weeks of tense political negotiations as the country faces a severe economic crisis spurred by plummeting oil prices and the coronavirus pandemic. The majority of 255 legislators attending the...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
May 06, 2020 - 4:36 pm
Stocks fell on Wall Street Wednesday, sending the market to its first loss in three days, after more depressing data rolled in on the devastation sweeping the global economy. The S&P 500 dropped 0.7%, and three out of four stocks in the index sank. But the market’s losses would have been much...
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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 6, 2020. Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. (AP Photo/Ahn Young-joon)
1010 WINS Newsroom
May 05, 2020 - 11:45 pm
Asian stock markets were mixed Wednesday as hopes for a global economic recovery rose after more governments eased anti-virus controls. Benchmarks in Shanghai and Sydney declined while Hong Kong, Seoul and Southeast Asia followed Wall Street higher. Japanese markets were closed for a holiday...
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1010 WINS Newsroom
May 05, 2020 - 5:35 pm
NEW YORK (AP) — Texas regulators are relaxing rules about where companies can store oil underground, raising concern among environmentalists about potential groundwater contamination and other dangers. The members of the Railroad Commission of Texas voted Tuesday to allow companies to store oil...
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People wearing face masks walk past a bank electronic board showing the Hong Kong share index Tuesday, May 5, 2020. Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies. (AP Photo/Vincent Yu)
1010 WINS Newsroom
May 05, 2020 - 12:13 am
BANGKOK (AP) — Shares advanced in Asia early Tuesday after Wall Street shook off a weak start and ended with modest gains thanks to another solid showing from big technology companies. Shares rose in Hong Kong, Sydney and Singapore. Markets in Shanghai and Tokyo were closed for a holiday. Wall...
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FILE - This Dec. 24, 2018, file photo shows the Federal Reserve building during a partial government shutdown in Washington. The Federal Reserve said Thursday, April 23, 2020, that it will provide monthly reports on several of its economic rescue programs supported by the $2 trillion rescue program passed by Congress. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
May 04, 2020 - 4:03 pm
WASHINGTON (AP) — With the U.S. economy sinking into a severe recession, the Federal Reserve is set to launch a high-risk program through which it will lend money to small and medium-sized companies outside the banking industry for the first time since the Great Depression. More than the eight...
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