Utility reaches $2B settlement over failed nuclear plants
Troubled utility SCANA has reached a $2 billion settlement with the South Carolina customers who sued after they were charged high rates to pay for the company's failed nuclear construction project.
Outgoing Michigan governor pushing for Great Lakes pipeline
Michigan Gov. Rick Snyder hopes to use the final weeks of his tenure to lock in a deal allowing construction of a hotly debated oil pipeline tunnel beneath a channel linking two of the Great Lakes — a plan his successor opposes but may be powerless to stop.
Gas prices fall before Thanksgiving -- but there's a catch
Gas prices have fallen amid a record-setting slump in the U.S. oil market.
Brazil police issue 22 arrest warrants in corruption probe
Brazil's federal police have issued 22 arrest warrants as part of a probe into a corruption and money laundering scheme involving the construction of the new headquarters of the state oil company in the northeastern city of Salvador.
Business Highlights
___ Black Friday shoppers ditch their computers, flock to stores NEW YORK (AP) — Retailers are offering much of their Black Friday deals online, but shoppers still showed up at malls and stores around the country looking for discounts — and to take in the scene.
S&P 500 slides into 'correction' for second time this year
Energy companies led a broad slide on Wall Street early Friday as the price of U.S. crude oil tumbled to its lowest level in more than a year.
South Africa to invest $1 billion in South Sudan oil sector
South Sudan's oil minister says South Africa will invest $1 billion into the war-torn country's oil sector in what would be the largest investment in the East African country's history.
Company plans 13-turbine wind farm in west Oahu
A subsidiary of Eurus Energy American Corp. is planning to build a wind farm on the eastern slope of the Waianae range on Oahu.
Oil prices in biggest one-day slump since July 2015
Oil prices slumped more than 6 percent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider cutting output.
Tesla, Concho Resources fall; Overstock jumps
Stocks that moved substantially or traded heavily Friday: Rockwell Collins Inc., up $11.86 to $141.54 Chinese regulators have conditionally approved the sale of the maker of communications and aviation electronics systems to United Technologies Corp. Tesla Inc., down $12.36 to $325.83
VW to appeal German court ruling ordering diesel car buyback
German automaker Volkswagen says it will appeal a court ruling that orders it to buy back a six-year-old diesel vehicle at the original sales price.
Asian stocks fall on risks, while US closes for Thanksgiving
Share prices were mostly higher in Asia in narrow trading ahead of the Thanksgiving holiday.
Caricom to waive taxes on oil as Petrotrin refinery closes
A Caribbean trade bloc is removing taxes on imported oil and petroleum products for the region as a major refinery on the island of Trinidad prepares to close.
Asian stocks fall on fears of softening US economic growth
Stocks in the U.S. are higher Wednesday morning after two days of steep losses, and major European indexes are also recovering.
Correction: Chevron-Ecuador-Lawyer story
A New York attorney who won a landmark oil pollution judgment against Chevron in Ecuador's court system only to have his law license suspended at home for malpractice never got a fair hearing and should be allowed to defend himself against disbarment, a legal referee has ruled.
Fair weather, falling gas prices help Thanksgiving travelers
Thanksgiving travelers got help from favorable weather in most of the U.S Tuesday, but flight delays piled up at airports around the country by day's end.
Business Highlights
___ Retailers aim to pick up business from defunct, dying rivals NEW YORK (AP) — Companies like Target and online mattress company Casper are creating playbooks to pick up market share left behind by defunct or dying retailers.
Markets Right Now: US stocks climb following a 2-day rout
The latest on developments in financial markets (all times local): 9:35 a.m.
Company can be ordered to drill to end 14-year-old oil leak
A federal regulatory board has ruled that a New Orleans company can be required to perform more underwater drilling and excavation work to end a 14-year-old oil leak in the Gulf of Mexico.
Oil-rich South Sudan seeks investment in fragile new peace
South Sudan is making its first big foreign investment pitch since declaring an end to civil war, but the oil-rich nation faces hesitation from some companies that want to make sure the fragile new peace deal holds.











