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Mexican President Enrique Pena Nieto, center, is applauded by Senate leader Raul Cervantes Andrade, left, and House Speaker Jose Gonzalez Morfin at a ceremony to mark the signing of a historic energy reform bill, at the National Palace in Mexico City, Monday, Aug. 11, 2014. The law will open the state-run oil, gas and electricity industries to foreign and private companies. Mexico is hoping for tens of billions of dollars in outside investment in deep-water oil drilling and shale gas production. (AP Photo/Rebecca Blackwell)

Mexico opens gas, oil to foreign, private firms

Associated Press

Mexican President Enrique Pena Nieto signed into law on Monday new rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.

Kinder Morgan to combine its family of companies

- Associated Press

The group of oil and gas pipeline and storage companies controlled by Kinder Morgan but traded separately will combine and become the 4th biggest U.S. energy company by market value.

Starbucks: We don't fund Israel

- The Washington Times

Starbucks is assuring customers that it does not provide any type of financial support to Israel or the Israeli army after an "uptick in false rumors" said otherwise.

Kansas Gov. Sam Brownback speaks to the crowd at a Johnson County Republican's election watch party Tuesday, Aug. 5, 2014, in Overland Park, Kan. (AP Photo/Charlie Riedel)

New Kansas figures show shortfalls

Associated Press

New budget projections from the Kansas Legislature's nonpartisan research staff show a state budget shortfall developing by July 2016.

** FILE ** In this Tuesday, Jan. 14, 2014, photo, a Bank of America sign is displayed in Philadelphia. (AP Photo/Matt Rourke)

US regulators: Banks' failure plans inadequate

Associated Press

WASHINGTON (AP) — Federal regulators have told the biggest banks in the U.S. that their plans for unwinding their operations in case of failure are inadequate to prevent the sort of financial disaster that struck in 2008 and led to a massive government bailout.

FILE - Sign above a Walgreens entrance, is seen in this, Sept. 28, 2009 file photo taken in Gloucester, Mass. The nation's largest drugstore chain says it will buy the remaining stake in Alliance Boots that it does not already own, but it will not pull off an inversion with the Swiss health and beauty retailer. (AP Photo/Lisa Poole, File)

Walgreens stock plunges as it opts to stay in U.S.

- The Washington Times

Pharmacy giant Walgreens did the patriotic thing this week in rejecting a plan to move its tax residency overseas, a move praised by politicians but panned by investors, who promptly dumped the stock Wednesday and shaved billions of dollars off the company's market capitalization.

FILE - This July 1, 2013 file photo smoke rises from the Colstrip Steam Electric Station, a coal burning power plant in in Colstrip, Mont.  The Supreme Court on Monday placed limits on the sole Obama administration program already in place to deal with power plant and factory emissions of gases blamed for global warming. The justices said that the Environmental Protection Agency lacks authority in some cases to force companies to evaluate ways to reduce carbon dioxide emissions. This rule applies when a company needs a permit to expand facilities or build new ones that would increase overall pollution. Carbon dioxide is the chief gas linked to global warming. (AP Photo/Matthew Brown, File)

GRAY: A cost-benefit analysis from EPA lacking in common sense

In a world of finite resources, rigorous cost-benefit analysis is essential to deciding what federal regulations are worthwhile. Thus, in a 2011 executive order, President Obama mandated that federal agencies "propose or adopt a regulation only upon a reasoned determination that its benefits justify its costs."

Older Oklahomans starting new small businesses

- Associated Press

After spending a career in public schools across northeast Oklahoma, Cindy Snodgrass decided to continue following her passion for helping students on her own terms.

President Obama in a speech Thursday that U.S. businesses should be concerned not just with profits but also with being "good corporate citizens," and he called on Congress to close corporate tax loopholes. (Associated Press)

Obama urges Congress to close corporate tax loopholes

- The Washington Times

With other pieces of his economic agenda such as a minimum wage increase stalled, President Obama turned his attention to corporate taxes Thursday and said U.S. businesses should be concerned not just with profits but also with being "good corporate citizens."

Rescue workers survey the wreckage of TransAsia Airways flight GE222, which crashed while attempting to land in stormy weather on the Taiwanese island of Penghu. Experts say the airline industry will stay healthy despite several recent tragedies. (Associated Press)

Airlines optimistic despite a year of several tragedies

- The Washington Times

It hasn't been a good news cycle for the aviation business — a commercial plane shot down over Ukraine, the closure of Israel's main airport over terrorism fears and Wednesday's deadly crash of another plane in East Asia — but the travel-by-air business is not likely to see an economic crash landing.