By Edward McAllister and Joshua Schneyer NEW YORK (Reuters) - The U.S. Department of Transportation on Wednesday proposed new safety rules for hauling crude oil by rail after a string of explosive accidents, in a move that could impact railroads, drillers, refiners and railcar makers amid an energy boom. Among the proposed rules released by the DOT are new speed limits for trains carrying oil, enhanced safety features for new railcars to carry oil and ethanol, and a quick phasing-out of older cars deemed unsafe. The regulator's move has been widely anticipated by safety advocates and industries involved in energy shipments, including drillers and refiners who are wary that restrictions could hamper their shipments, and tank car manufacturers, who may benefit from big new tank car orders. Over the last 18 months, at least a dozen trains carrying crude oil have derailed, six of which led to oil spills and major fires and one of which caused the death of 47 people in Quebec, Canada.
WASHINGTON (AP) — Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.
PORTLAND, Ore. (AP) — Low-income Oregon residents were supposed to be big winners after the state expanded Medicaid under the federal health care overhaul and created a new system to improve the care they received.
FLORENCE, Ariz. (AP) — The highest courts in Arizona and the nation have cleared the way for the state to carry out its third execution in the last year Wednesday, following a closely watched First Amendment fight over the secrecy surrounding lethal injection drugs.
By John Clarke ANNAPOLIS Md. (Reuters) - Gunmaker Beretta USA Corp is moving its manufacturing business from Maryland to Tennessee because of Maryland's strict new firearms law, the company said. The Italian-owned company will shut down its manufacturing plant at Accokeek, Maryland, and move to a new one it is building in Gallatin, Tennessee.
ATLANTA (AP) — Within hours of David Perdue's GOP Senate nomination, the real battle began with supporters of the new Republican nominee and Democrat Michelle Nunn launching attack ads in a general election matchup that will help settle control of the Senate.
NASHVILLE, Tenn. (AP) — A man left profanity-filled voicemails with Tennessee's homeland security office threatening to kill President Barack Obama and other officials, saying in one that he would "light Nashville up," according to court documents.