Energy in America

Italian energy firm Eni to drill more off Cyprus coast

Eni's chief executive says the Italian company will proceed with more exploratory drilling south of Cyprus over the next 20 months, affirming a "strong engagement and commitment" in a hydrocarbons search off the east Mediterranean island nation.

Asian stocks slip following sell-off on Wall Street

U.S. stocks are higher Tuesday morning as investors applaud strong first-quarter results from companies including machinery maker Caterpillar, appliance maker Whirlpool and Fifth Third Bancorp.

Business Highlights

___ Sell-off in industrial, tech stocks sends Dow down 400 NEW YORK (AP) — After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year.

Power-sucking Bitcoin 'mines' spark backlash

Bitcoin "miners" who use rows of computers whirring at the same time to produce virtual currencies began taking root along New York's northern border a couple of years ago to tap into some of the nation's cheapest hydroelectric power, offering an air of Silicon Valley sophistication to this often-snowy region.