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Jay Timmons, president and CEO of the National Association of Manufacturers, said President Obama's new ozone regulations may be "the most expensive ever imposed on industry in America."  (AP Photo/ Evan Vucci)

Business, environmental lobbies break sharply over EPA ozone rule

- The Washington Times

Braced for months for far-reaching action from the Obama administration, both business and environmental groups were quick to react Wednesday after the Environmental Protection Agency formally announced its plans to set new lower guidelines to cut smog pollution.

Saudi oil minister Ali al-Naimi is surrounded by journalists during the Organization of Arab Petroleum Exporting Countries (OAPEC) meeting Saturday in Cairo, Egypt. OPEC oil ministers downplayed expectations of, but didn't dismiss outright, an immediate output cut as they faced a third test in as many months of their ability to engineer a rebound in oil prices. (Associated Press)

Saudis suggest no need for OPEC output cut

Associated Press

Top OPEC producer Saudi Arabia suggested Wednesday there is no need for the cartel to cut its output ceiling despite a plunge in prices that has poorer members of the organization hurting.

In this photo provided by the Texas Parks And Wildlife Department Wednesday, Sept. 17, 2014, Texas Game Warden boats watch from the rear as the 155-foot Kinta S, a 40-year-old freighter, sinks in 75 feet of water in the Gulf of Mexico near Corpus Christi. The ship was scuttled to create a new artificial reef that will provide habitat for saltwater fish as well as a destination for underwater divers. (AP Photo/Texas Parks And Wildlife Department, Earl Nottingham)

Dutch seek to harness energy from salt water mix

- Associated Press

Dutch researchers are seeking to add a new, largely untapped renewable energy source to the world's energy mix with the opening of a "Blue Energy" test facility on Wednesday.

President Barack Obama addresses the crowd on issues surrounding the protests in Ferguson, Mo., after meeting with community leaders about the executive actions he is taking to fix the immigration system Tuesday, Nov. 25, 2014, in Chicago. (AP Photo/Charles Rex Arbogast)

White House veto threat shelves possible tax plan

- Associated Press

A White House veto threat appears to have put on ice a congressional effort to permanently renew a handful of tax breaks for businesses and individuals. Officials say that the plan, brewing behind closed doors on Capitol Hill, favored corporations over the working class.

In this Thursday, Sept. 27, 2012, photo, a home for sale is shown in Miami Lakes, Fla.  Mortgage buyer Freddie Mac said on Thursday, Oct. 11, 2012, that the rate on the 30-year loan increased to 3.39 percent from 3.36 percent. The previous week's rate was the lowest since long-term mortgages began in the 1950s. (AP Photo/Alan Diaz)

More-confident US households step up borrowing

- Associated Press

Americans are slowly but steadily borrowing more money, bringing to an end a five-year effort to cut household debt that has slowed consumer spending and the economy.

FILE - In this April 4, 2013 file photo, a mechanized shovel loads coal onto a haul truck at the Cloud Peak Energy's Spring Creek mine near Decker, Mont. Montana tax authorities argue Tuesday, Nov. 25, 2014, before the state Supreme Court that a Wyoming mining company owes $3.4 million for selling coal to an affiliate at less than market value. At issue is whether coal should be valued for tax purposes at the time the fuel is mined and shipped or when a sale is negotiated. (AP Photo/Matthew Brown, File)

Montana authorities take on coal-industry sales

- Associated Press

Montana authorities charged Tuesday that coal sales between mining companies and their own affiliates are subject to manipulation and need to be treated differently from other sales.

In this Dec. 13, 2009, file photo, oil personnel work at the Rumaila oil refinery, near the city of Basra, Iraq. OPEC's purpose is to coordinate oil output to keep prices high and stable, to maximize member countries’ revenue but make sure global demand for oil stays strong. A steep, coordinated cut in output could stop and possibly reverse what has been a 30 percent decline in price over five months. (AP Photo/Nabil al-Jurani, File)FILE

Guessing game: What are OPEC nations thinking?

- Associated Press

Does Saudi Arabia have it out for frackers in the U.S.? Or Iran? Or Russia? Will low oil prices make it easier to fight the Islamic State? Or harder?

In this Oct. 14, 2014 file photo, an oil pump works at sunset in the desert oil fields of Sakhir, Bahrain. The price of oil took another sharp tumble Thursday, Nov. 13, 2014, as it appeared increasingly unlikely that OPEC members will cut production to staunch a plunge in prices that is entering its fifth month. (AP Photo/Hasan Jamali, File)

As OPEC faces tough test, lower oil prices loom

- Associated Press

These are the moments OPEC exists for: A sharp drop in global oil prices has reduced the amount of money OPEC countries take in by nearly $1 billion a day.

US home price gains slow for 10th straight month

- Associated Press

U.S. home prices rose in September at the slowest pace in more than two years, reflecting modest sales gains and a rising number of available homes.

Federal Reserve Chair Janet Yellen (AP Photo/Susan Walsh)

What's QE, anyway? A look at central bank stimulus

Associated Press

It's the stimulus measure with the long, baffling name. Quantitative easing, or QE — the large-scale purchase by a central bank of government bonds and other securities — has been used by the U.S. Federal Reserve, Bank of England, and the Bank of Japan.

Aereo files for Chapter 11 bankruptcy protection

Associated Press

Online streaming service Aereo says that it has filed for Chapter 11 bankruptcy protection, saying an unfavorable ruling by the U.S. Supreme Court was too difficult to overcome.

May Berenbaum, of the University of Illinois at Urbana-Champaign, shakes President Obama's hand as he awarded her the National Medal of Science during a ceremony at the White House on Thursday. The president presented this year's top national awards for science, technology and innovation. (Associated Press)

Feds invest $28M more for STEM education

- The Washington Times

President Obama announced a new partnership Thursday with an array of organizations to invest $28 million to increase the number of math, science and technology teachers in classrooms across the country, at a White House ceremony where the president presented this year's top national awards for science, technology and innovation.

In this Oct. 27, 2014 photo, a realty sign hangs in front of a home for sale in Los Angeles. The National Association of Realtors reports on sales of existing homes in October on Thursday, Nov. 20, 2014. (AP Photo/Nick Ut)

US home sales rise in October

- Associated Press

Americans bought homes in October at the briskest pace this year, a sign that the sluggish housing market is turning around.

In this Oct. 6, 2014 file photo, construction crews work on a home in the Brunswick Forest neighborhood in Leland, N.C. The Commerce Department releases housing starts for October on Thursday, Nov. 19, 2014. (AP Photo/The Star-News, Mike Spencer, File)FILE

US home construction drops 2.8 percent in October

- Associated Press

Construction of new homes fell slightly in October after a big surge in the previous month, but the weakness was largely driven by the volatile apartment sector.

An unidentified customer leaves a Lowe's home improvement store in Charlotte, N.C., Tuesday, Nov. 18, 2014. Lowe's reports quarterly financial results on Wednesday, Nov. 19, 2014. (AP Photo/Chuck Burton)

Lowe's rides improving housing market to strong 3Q

Associated Press

Lowe's third-quarter earnings jumped 17 percent as home improvement retailers continue to rebound from a tough start to the year, reaping gains from a nascent recovery in the housing market.