Monthly Archive: April 2018

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Plowing a path: State to buy farms to help new farmers

PROVIDENCE, R.I. — Rhode Island is launching a program to buy farms and sell them to new farmers for dirt cheap. A farm bought for $500,000, for example, could then be sold for $100,000. It is an unconventional approach to ensure that farming remains viable. The National Farmers Union knows of no other state that […]

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Australian competition regulator gives OK to Saputo deal for Murray Goulburn

MONTREAL — Australia’s competition regulator has signed off on Quebec dairy giant Saputo Inc.’s proposed purchase of dairy processor Murray Goulburn Co-Operative Co. after the Canadian company agreed to sell a key plant. The regulator had raised concerns the acquisition would give Saputo control of the two largest dairy plants in southwest Victoria and southeast […]

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NYC bracing for major subway line shutdown next year

NEW YORK — Residents and businesses are already bracing for the shutdown of one of New York City’s busiest subway lines a year from now. The New York Times says the “L” train between Brooklyn and Manhattan will be halted for 15 months to repair Superstorm Sandy damage to an East River tunnel. Vehicle traffic […]

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House panel says Facebook’s Zuckerberg to testify April 11

WASHINGTON — Facebook CEO Mark Zuckerberg will testify before a House oversight panel on April 11 amid a privacy scandal that has roiled the social media giant, the panel announced Wednesday. Reps. Greg Walden, R-Ore., and Frank Pallone, D-N.J., said the House Energy and Commerce Committee hearing will focus on the Facebook’s “use and protection […]

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Survey: US businesses add a healthy 241,000 jobs in March

WASHINGTON — U.S. companies hired 241,000 new workers in March, a private survey found, a solid total that suggests the already-low unemployment rate may be headed lower in the coming months. Payroll processor ADP said Wednesday that the gains were strong across different industries, with construction, manufacturing and professional services such as accounting showing healthy […]

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Bahrain’s largest oil find estimated at 80 billion barrels

DUBAI, United Arab Emirates — The small island-nation of Bahrain on Wednesday announced the discovery of 80 billion barrels of shale oil, its largest oil and gas find ever. Bahrain’s oil minister and energy executives detailed the find at a press conference, saying the tight oil was discovered in the offshore Khalij al-Bahrain Basin, which […]

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US targets waiver letting California steer emissions limits

SAN FRANCISCO — Scott Pruitt, administrator of the U.S. Environmental Protection Agency, turned his sights this week on a nearly half-century-old federal waiver that allows California to pursue its own, tough tailpipe emission standards, and allows other states to opt in to California’s standards rather than federal ones if they choose. The waiver has allowed […]