Company bids less than a penny per ton in coal sale
BILLINGS, Mont. (AP) — A Navajo tribe-owned company bid $186,000 to lease 167 million tons of coal on federal lands in southeastern Montana in the nation’s biggest coal sale in more than a decade. The offer from the Navajo Transitional Energy Co. equates to one-tenth of a penny per ton, underscoring coal’s diminished value even [...]
Social Security head named new IRS CEO
WASHINGTON (AP) — Social Security Administration Commissioner Frank Bisignano was named to the newly created position of CEO of the IRS, making him the latest member of the Trump administration to be put in charge of multiple federal agencies. As IRS CEO, Bisignano will report to Treasury Secretary Scott Bessent, who currently serves as acting [...]
WTO raises forecast for growth in goods trade
GENEVA (AP) — The World Trade Organization is sharply raising its forecast for trade growth in goods this year after an unexpectedly strong first half due to rising AI-related purchases, front-loaded imports in the United States over tariff fears and robust developing-world trade. The Geneva-based trade body said its economists are increasing their prediction of [...]
Verizon names board member as new CEO
Verizon Communications is tapping the former CEO of PayPal for its top role, taking over the post from Hans Vestberg. Dan Schulman, who has served as a Verizon board member since 2018 and is its lead independent director, will become CEO of the New York company immediately. Vestberg will serve as a special adviser through [...]
Nvidia, Fujitsu to partner on AI robots
TOKYO (AP) — American technology company Nvidia has agreed to partner with Fujitsu, a Japanese telecommunications and computer maker, on artificial intelligence to deliver smart robots and a variety of other innovations using Nvidia’s computer chips. “The AI industrial revolution has already begun. Building the infrastructure to power it is essential in Japan and around [...]
FBI cuts ties with Southern Poverty Law Center, ADL
WASHINGTON (AP) — FBI Director Kash Patel says the bureau is cutting ties with two organizations that for decades have tracked domestic extremism and racial and religious bias, a move that follows complaints about the groups from some conservatives. Patel said the FBI would sever its relationship with the Southern Poverty Law Center, asserting that [...]
Fears of battery fires spark local opposition to storage projects
Big arrays of lithium-ion batteries are increasingly being hooked up to electrical grids around the country to store power that can be discharged in times of high demand. As more energy storage is added, however, residents in some places are pushing back due to fears that the systems will go up in flames, as a [...]
CBS buys commentary website
NEW YORK (AP) — Paramount says it has bought the commentary website The Free Press and installed its founder, Bari Weiss, as the editor-in-chief of CBS News, a newly created position. The announcement, while anticipated, is viewed as a bold move for the television news network initiated by new corporate leader David Ellison. Weiss’ experience [...]
Fifth Third to purchase Comerica for $10.9 billion
Cincinnati-based Fifth Third Bancorp is buying Comerica for $10.9 billion in an all-stock deal, combining two big regional banks. The buyout will create the ninth largest bank in the country with approximately $288 billion in assets, the companies said earlier this week. The combined company will have operations in the Southeast, Texas and California, and [...]