Porter Ranch homebuyers not told of gas field risk until after leak
People buying homes in Porter Ranch signed documents saying they'd been advised of many potential hazards in the community before closing their deals -- high winds, wild animals, fire danger, even distant airport noise. But none of those disclosures warned prospective residents they were moving next door to one of the nation's largest underground natural gas storage fields. The Aliso Canyon storage field has been in operation in one form or another since the 1930s -- long before the first home..>> view originalB. Riley Financial (RILY) to Acquire United Online (UNTD) in $170M Deal
B. Riley buying United Online for $11/share ($170M)Seeking Alpha>> view originalConsumer Agency Moves to Assert Bank Customers' Right to Sue
Richard Cordray, director of the Consumer Financial Protection Bureau, pointed out what a major change his agency was poised to bring about. “Many banks and financial companies avoid accountability by putting arbitration clauses in their contracts that block groups of their customers from suing them,” he said in a statement.The rule would apply only to the consumer financial companies that the agency regulates. It would not apply to arbitration clauses tucked into contracts for cellphone servic..>> view originalECB Corporate Bond Buying Likely to Boost US Issuance in Europe
A giant new buyer in the corporate-bond market—the European Central Bank—is set to cement a trend of American companies issuing debt on the continent. So great may be the flood, some analysts estimate, that it could dampen U.S. bond issuance and provide a lift for U.S. bond prices. American companies have flocked to Europe’s bond markets in recent times to borrow at rock bottom rates. The ECB plans to start buying corporate...>> view originalKatzenberg, Comcast execs seek to reassure DreamWorks Animation staff
Comcast Corp. executives sought to calm nerves among employees at DreamWorks Animation's headquarters Wednesday as the cable giant prepares to acquire the Glendale-based animation studio. The deal's announcement last week raised questions over the future of the animation studio founded and led by Jeffrey Katzenberg, who will step down as chief executive if the transaction closes. Comcast's Universal Pictures already has a successful animation unit in "Despicable Me" producer Illumination Studi..>> view originalHealthy job gains expected despite weak report
The Labor Department is due to release its April jobs report on Friday.(Photo: Jeri Clausing, AP)Several top analysts expect the government to report strong job growth on Friday despite a disappointing private-sector survey, a development that would reinforce the belief that the economy is poised to pick up after two weak quarters.Payroll processor ADP said Wednesday that businesses added 156,000 jobs in April, well below the 195,000 economists expected and a possible red flag that the sluggish ..>> view originalGroups sue EPA for failure to update oil, gas industry waste regs
Three environmental organizations filed a lawsuit Wednesday against the Environmental Protection Agency in a push for updated oil and gas industry waste regulations. They say outdated rules have led to an increase in earthquakes, groundwater contamination and other health and safety issues. Adam Kron, senior attorney at the Environmental Integrity Project, said the EPA has failed to protect the environment and the public because laws surrounding oil and gas industry waste haven’t been updated f..>> view originalHere's Why TripAdvisor Shares Are Diving
TripAdvisor’s quarterly revenue fell 3%, missing analyst estimates, as a rise in hotel bookings on its websites hurt revenue from referrals to third-party sites. TripAdvisor trip has been allowing users in the U.S. and the U.K. to reserve hotels directly on its websites since 2014, charging hotels a fee for the bookings. The feature was rolled out globally in the first quarter. The company, whose profit also fell more than expected, said on Wednesday that referral revenue dropped 13.3% t..>> view originalMTA: 1 ½-year or 3-year shutdown for L train repairs
By Associated Press May 5 at 1:09 AM NEW YORK — The lone subway tunnel connecting some of Brooklyn’s hippest, youngest neighborhoods to New York City’s commercial heart in Manhattan will either be closed entirely for 18 months, or see extremely limited service for three years, under two possible plans for repairing damage caused by Superstorm Sandy. The Metropolitan Transportation Authority, which operates the city’s subway system, is trying to decide which of the two potentially painful sce..>> view original
Thursday, May 5, 2016
Porter Ranch homebuyers not told of gas field risk until after leak and other top stories.
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