Utah

FDA to target nicotine levels in cigarettes

For the first time, the federal government is proposing cutting the nicotine level in cigarettes so they aren’t so addictive. U.S. Food and Drug Administration chief Scott Gottlieb on Friday directed the agency’s staff to develop new regulations on nicotine. The FDA has had the power since 2009 to regulate nicotine levels but hasn’t done so. Stocks of cigarette makers plunged after the announcement. As part of the new strategy, the FDA is giving e-cigarette makers four more years to comply with ...


Stocks sag after weak profit reports

New York • Stock markets around the world sagged on Friday after Amazon and other big companies reported quarterly results that underwhelmed investors. The Standard & Poor’s 500 index lost 3.32 points, or 0.1 percent, to 2,472.10 and closed a week packed with corporate earnings reports almost exactly where it started. It set a record during the middle of it. The Dow Jones industrial average gained 33.76 points, or 0.2 percent, to 21,830.31 and set another all-time high. The Nasdaq composite fel...


U.S. rig count increased by eight this week to 958

Houston • The number of rigs exploring for oil and natural gas in the U.S. increased by eight this week to 958. Utah’s number was unchanged, Houston-based oilfield services company Baker Hughes said Friday. Its weekly report said 766 rigs sought oil and 192 explored for natural gas this week. A year ago, just 463 rigs were active. Among major oil- and gas-producing states, New Mexico gained four rigs, Oklahoma three and Louisiana, Ohio, West Virginia and Wyoming each gained one. Texas declined ...


Southwest 2Q profit’s fall, revenue outlook weak

Dallas • Shares of Southwest Airlines fell 5 percent Thursday after the company offered a weak forecast for a key revenue figure in the third quarter. Southwest gave more evidence that the effort by U.S. airlines to push average fares higher may be faltering. Bolstered by high profits, the airlines could soon be adding seats faster than demand is growing, leading to more price-slashing. That is good news for travelers. But it is troubling for airline shareholders, who are worried that revenue co...


Yellowstone to punish workers for misconduct

Billings, Mont. • As many as 10 workers in Yellowstone National Park’s maintenance division will be disciplined after an investigation found female employees were subjected to sexual harassment and other problems. The move comes as widespread reports of harassment, bullying and other misconduct have tarnished the image of the National Park Service and its parent agency, the U.S. Interior Department. Investigators have uncovered problems at many of the nation’s premier parks — Yellowstone, Yosemi...