Business News | KXNet.com North Dakota

Swedish bank Carnegie buys troubled competitor

Thu, 02 Sep 2010 21:23:00 GMT

Swedish investment bank Carnegie says it is buying competitor HQ Bank, which had its banking license revoked by the financial watchdog last week. Carnegie says it has signed an agreement to buy HQ for 268 million kronor ($37 million). The

Outer banks feeling Earl...Jobless figures expected to be glum...

Thu, 02 Sep 2010 20:55:00 GMT

Hurricane Earl is making itself felt from the Outer Banks into southeastern Virginia. Forecasters say powerful gusts and driving rains stretch about 140 miles inland in North Carolina and up to the southern tip of the Chesapeake Bay in Virginia.

Update on the latest in business:

Thu, 02 Sep 2010 20:41:00 GMT

Stock prices edged higher in the latest session, ahead of today's key report on the job market. That marked an extension of gains from the previous day after reports on housing, manufacturing and jobs all indicated that the economy continues to

Euro steady ahead of US jobs report

Thu, 02 Sep 2010 19:52:00 GMT

The euro is barely changed against the dollar as markets focus on the upcoming release of a closely watched U.S. jobs report. The euro bought $1.2815 in Friday morning European trading, close to its level of $1.2812 in New York late Thursday.

Outer banks buffeted by Earl...No one hurt in rig fire...

Thu, 02 Sep 2010 19:52:00 GMT

The Outer Banks of North Carolina are experiencing tropical storm conditions from Hurricane Earl. Earl had weakened throughout the day but winds are still 105 mph around the eye. National Weather Service forecasters say the eye will stay well east

BP says cost of Gulf of Mexico spill hits $8 bln

Thu, 02 Sep 2010 19:52:00 GMT

BP says it has so far spent $8 billion responding to the disastrous oil well blowout in the Gulf of Mexico. The company said Friday that the total included $399 million paid to settle 127,000 claims from businesses and other affected by the oil

Japan approves economic sanctions against Iran

Thu, 02 Sep 2010 19:24:00 GMT

Iran is facing fresh economic sanctions over its controversial nuclear enrichment program. Japan has imposed new restrictions at the request of the United Nations. The measures include an asset freeze on 88 entities, 15 banks and 24 indivi

Daylight will tell more of Earl's tale...Glum jobless forecast...

Thu, 02 Sep 2010 18:56:00 GMT

Federal, state and local authorities are waiting for daybreak to begin patrolling the North Carolina coast to check for damage from Hurricane Earl. But National Weather Service meteorologist Chris Collins says Earl has produced little storm surge and

Storm approaches NC...Oil platform fire...Jobless report due...

Thu, 02 Sep 2010 18:07:00 GMT

Federal, state and local authorities will wait until daybreak to check for damage on North Carolina's Outer Banks. The string of barrier islands are being buffeted by Hurricane Earl. Its winds have weakened to 105 mph but officials say the storm is s

Oil platform catches fire in Gulf; workers OK

Thu, 02 Sep 2010 18:07:00 GMT

A company official says the incident aboard a Mariner Energy oil platform in the Gulf of Mexico is considered a fire, not an explosion. The Coast Guard says there was no leak, and no one was killed. The Coast Guard initially reported that a

Seattle teachers OK 3year contract

Thu, 02 Sep 2010 17:34:00 GMT

Seattle's teachers have approved a new three-year contract, which means classes will begin as scheduled Sept. 8. Shortly after the contract vote Thursday, members of the Seattle Education Association voted "no confidence" in Seattle Public Schoo

Oil leak update

Thu, 02 Sep 2010 16:59:00 GMT

Only about 226 barrels of oil were spilled west of Killdeer.... According to a press release issued by Debury Onshore The well is being killed and they have encountered no further problems... The frac fluid that leaked is a fresh water soluti

Earl's assault...Oil platform explosion...Volcano eruptions...

Thu, 02 Sep 2010 16:52:00 GMT

Forecasters say Hurricane Earl is weakening as it passes over North Carolina's Outer Banks but is still packing powerful winds as it heads up the Eastern Seaboard. A new tropical storm warning has been issued for New England from the coasts of Massach

Earl moving closer...Platform fire...Mideast talks

Thu, 02 Sep 2010 15:14:00 GMT

It's winds have diminished to about 110 mph but officials warn Hurricane Earl is still dangerous. It's starting to brush North Carolina's Outer Banks. It's hurricane force winds extend more than 70 miles and tropical force winds extend about 200 mile

Helms Reacts to Oil Spill

Thu, 02 Sep 2010 14:26:00 GMT

Helms talked more about oil well safety at a lunch at the Minot Air Force Base today. He says it appears that the regulations that were in place at this well site helped in a big way to stop what could have been a major environmental nightmare. Every

Oil Spill in Western ND

Thu, 02 Sep 2010 14:26:00 GMT

Crews are working to control an oil leak at a well site just southwest of Killdeer. According to Director of Mineral Resources Lynn Helms, more than two-thousand barrels of oil has spilled onto the ground since Wednesday's leak. Helms says it appea

ClearOne's attorney fees for CEO undecided

Thu, 02 Sep 2010 14:04:00 GMT

An appellate court ruled that ClearOne Communications Inc.'s agreement to pay attorneys fees for its former CEO came with conditions, including that she not break the law. The 10th U.S. Circuit Court of Appeals in Denver overturned a Utah judge

Earl weakens...Rig blast cause unknown...3 dead in Calif. plane...

Thu, 02 Sep 2010 14:04:00 GMT

Hurricane Earl is a little weaker, but officials are warning coastal residents not to let their guard down. The National Hurricane Center says Earl's winds are now about 110 mph and could weaken further. The first bands of rain have hit North Carolin