Energy in America

Efforts to move top US land managers west gain a strong ally

From its headquarters in Washington, D.C., the U.S. Bureau of Land Management oversees some of the nation's most prized natural resources: vast expanses of public lands rich in oil, gas, coal, grazing for livestock, habitat for wildlife, hunting ranges, fishing streams and hiking trails.

Business Highlights

___ Dow turns 567 point loss into 567 point gain as stocks rally NEW YORK (AP) — After a plunge at the open and huge swings higher and lower, stocks finish with sharp gains Tuesday as technology companies, retailers and industrial firms power higher.

Settlement reached over clean coal fiasco in Mississippi

Years of contention and threatened electric rate increases ended Tuesday as utility regulators approved a settlement declaring how much Mississippi Power Co. customers should pay for their share of a troubled $7.5 billion power plant.

BP's profits surge as it leaves downturn behind

BP's profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn.

Business Highlights

___ Dow plunges 1,175 points in worst day for stocks since 2011 NEW YORK (AP) — The stock market ended a wild day with its biggest drop in six and a half years as the Dow Jones industrial average briefly plunged nearly 1,600 points.

PennEast proposal to use land for gas pipeline rejected

New Jersey's attorney general rejected a proposal for use of state-controlled land for a $1.1 billion natural gas pipeline, slowing the years-long effort by the company to break ground on a project strongly opposed by environmental groups.

Northam announces compromise on electric rate overhaul

Virginia Gov. Ralph Northam is endorsing a major overhaul of electricity regulations that's been sought by utilities, despite warnings from the state's attorney general that customers will end up paying more than they should.

Correction: Iran story

Iran says President Donald Trump's hostility to the 2015 nuclear deal is dampening foreign investment in the energy sector despite the lifting of sanctions.