Duke Energy says dam breached at North Carolina plant and coal ash may be flowing into Cape Fear River

Duke Energy says dam breached at North Carolina plant and coal ash may be...

Duke Energy dam containing a lake in North Carolina was breached Friday, possibly causing coal ash to flow into the nearby Cape Fear River, the company said. Floodwaters topped a dike at Sutton Lake, an 1,100-acre reservoir at the L.V. Sutton Power Station. That water caused breaches in the dam on the south end of…
Red state Democratic Sen. Claire McCaskill faces Trump barrage as she opposes Kavanaugh nomination

Red state Democratic Sen. Claire McCaskill faces Trump barrage as she opposes Kavanaugh nomination

McCaskill had a clear fundraising advantage of Hawley as of July 18. Her campaign had $6.6 million on hand, versus $2.3 million in the bank for Hawley, according to Federal Election Commission records. Hawley has received slightly more of a boost from outside groups than his opponent. Those organizations have spent more than $16 million…
Michael Cohen is talking to special counsel Robert Mueller’s team about Trump’s dealings with Russia: Report

Michael Cohen is talking to special counsel Robert Mueller’s team about Trump’s dealings with...

ABC News additionally reported that investigators have asked Cohen whether the president or his associates had discussed a possible pardon for the lawyer, who pleaded guilty last month to federal criminal charges. In addition to Russian attacks on the election, and possible Trump campaign collusion, Mueller is known to be probing whether Trump has obstructed…
Amazon just showed how serious it is about owning the smart home — and made Apple look slow

Amazon just showed how serious it is about owning the smart home — and...

Besides the seemingly endless number of new products introduced on Thursday, Amazon's launch event revealed two other things about the company: it is serious about owning the smart home space and is capable of running a more exciting event than Apple. Amazon announced 15 new Alexa-enabled products on Thursday, including a microwave, a clock, an…
Under right terms, Kavanaugh accuser may testify after all

Under right terms, Kavanaugh accuser may testify after all

Judiciary Chairman Chuck Grassley, R-Iowa, has scheduled a hearing for Monday morning, and he and Senate Majority Leader Mitch McConnell, R-Ky., have indicated it would be Ford's only chance to make her case. Republicans are anxious to move ahead to a vote by the committee, where they hold an 11-10 majority, and then by the…
Tesla loses another exec: VP of supply chain management Liam O’Connor

Tesla loses another exec: VP of supply chain management Liam O’Connor

Tesla is losing another executive -- its vice president of global supply management Liam O'Connor, is said to be leaving the electric vehicle maker. News of his departure was first reported by Bloomberg. Select company insiders also knew he had resigned, according to a person familiar with the matter. Neither Tesla nor O'Connor responded to…
JPMorgan: An economic cold war may be coming

JPMorgan: An economic cold war may be coming

Beijing is in the middle of a years-long effort to transition the country towards relying on consumption for growth, rather than manufacturing. The government has also launched a "Made in China 2025" program to encourage domestic technological innovation. "I see China as five years ahead of the U.S. when it comes to the extent to…
Former Google CEO predicts the internet will split in two by 2028 — and one part will be led by China

Former Google CEO predicts the internet will split in two by 2028 — and one...

Eric Schmidt, who has been the CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the U.S. and the other by China. Schmidt shared his thoughts at a private event in San Francisco on Wednesday night convened by…
There will soon be a new way to play FANG stocks

There will soon be a new way to play FANG stocks

Starting Monday, investors who have played the momentum in FANG stocks may find some of that juice in a new communications services sector formed by S&P Dow Jones Indices. Three of the four FANG stocks will become part of the new sector, which will replace telecom, as one of the 11 major S&P industry groups.…
Adobe confirms it’s buying Marketo for $4.75 billion

Adobe confirms it’s buying Marketo for $4.75 billion

Adobe on Thursday announced that it's acquiring Marketo, a company that sells marketing software, from Vista Equity Partners for $4.75 billion. Adobe executives will hold a conference call with investors and analysts at 5 p.m. Eastern to discuss the deal. The move could have implications for other competitors like HubSpot, Oracle, SAP and Salesforce. Earlier…

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