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Today's Financial News

California breeder who had 20,000 dead, dying reptiles, rats must pay $190,000 in restitution

2 days ago

RIVERSIDE, Calif. (AP) — A Southern California exotic pet breeder who had 20,000 dead and dying rats and reptiles in a warehouse has avoided jail time but was ordered to pay more than $190,000 in restitution. He owned Global Captive Breeders in Lake Elsinore, 70 miles southeast of Los Angeles, which sold exotic snakes and reptiles, along with rats for reptile food.

US puts off decision on contentious Keystone XL pipeline, likely until after Election Day

2 days ago

WASHINGTON (AP) — The Obama administration is putting off its decision on the Keystone XL oil pipeline, likely until after the November elections, by extending its review of the controversial project indefinitely. Nebraska's Supreme Court isn't expected to hear an appeal to that ruling until September or October, and there could be more legal maneuvering after the high court rules. So President Barack Obama will almost surely have until after the November congressional elections to make the final call about whether the pipeline carrying oil from Canada should be built.

Bankruptcy judge rules against American Airlines' bid to quickly end retiree benefits

2 days ago

DALLAS (AP) — A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees. American wants retirees who wish to keep their benefits to pay all the cost. Now the dispute could go to negotiations or a trial. On Friday, U.S. Bankruptcy Court Judge Sean Lane in New York rejected a request made by American's former parent, AMR Corp., for the right to immediately eliminate retiree benefits for former pilots, flight attendants and other union workers. Lane granted AMR's request for a group of nonunion workers.

Judge sides with North Dakota, finds part of Minnesota renewable energy law unconstitutional

2 days ago

MINNEAPOLIS (AP) — A federal judge ruled Friday that part of a Minnesota law designed to promote the use of renewable energy is unconstitutional because it attempts to control business that takes place outside state borders — and she barred Minnesota officials from enforcing it. "I will defend the state of Minnesota's right to protect the quality of the air our citizens breathe," Dayton said in a statement.

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