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Friday, May 24, 2013 | 1:09 a.m.

Transportation

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Oil stays near $96 before crude stocks report, Fed

The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for July delivery was down 3 cents to $96.15 a ...

Gov. Snyder, GOP lawmakers agree to budget targets

Republican Gov. Rick Snyder and leaders of the GOP majority in the Legislature reached a budget agreement Tuesday for next fiscal year that doesn't include an expansion of government health insurance for low income-adults and puts Michigan's unexpected surplus toward funding roads and K-12 education. Lawmakers have an extra $700 ...

Metro North railroad employees use heavy equipment to repair tracks near Bridgeport, Conn., Monday, May 20, 2013. A train collision on Friday injured 72 people and disrupted rail service into New York City. (AP Photo/Mark Lennihan)

Conn. rail service to return to normal Wednesday

After a nearly four-hour commute Tuesday morning, Orlando Cordero was thrilled to hear train service was returning to normal as workers were finishing repair to tracks damaged by last week's train collision in Bridgeport. Regular commuter rail service from Connecticut to New York City, along with Amtrak service between Boston ...

Fla. Gov. visit to Chile marks 8th overseas trip

In just two-and-a-half years Florida Gov. Rick Scott has traveled overseas eight times - a record that eclipses his predecessor, Charlie Crist. Scott arrived early Tuesday in the South American country of Chile as part of a trade mission with more than 100 people, including top officials from the state's ...

United Tech CEO sees stronger economy, airlines

The chief executive of aerospace giant United Technologies Corp. is optimistic about an improving economy and airline industry. CEO Louis Chenevert (Shen-eh-VAIR) told analysts Tuesday that airline profitability looks better for 2013 than in recent years. And he said the Hartford, Conn., conglomerate's $18.4 billion purchase of Goodrich Corp. and ...

Oil price down to near $96 as traders wait for Fed

The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile ...

FBI: Agents fell to deaths training off Va. coast

Two FBI agents who died while training off the Virginia Beach coast fell to their deaths when a helicopter had trouble during a "maritime counterterrorism exercise," an agency spokeswoman said Monday night. Special Agents Christopher Lorek and Stephen Shaw were killed when they fell into the water Friday. Both were ...

Metro-North employees work at the site of Friday's train derailment in Bridgeport. Conn. on Sunday, May 19, 2013. Crews will spend days rebuilding 2,000 feet of track, overhead wires and signals following the collision between two trains Friday evening that injured 72 people, Metro-North President Howard Permut said Sunday. (AP Photo/The Connecticut Post,Brian A. Pounds ) MANDATORY CREDIT

Conn. lawmakers to seek hearings on derailment

Commuters navigated a patchwork of cars, trains and buses along Connecticut's shoreline Monday, encountering lengthy delays as authorities probed the cause of a train collision that disrupted one of the nation's oldest and most heavily traveled railways. Rail service from Connecticut to New York City, along with Amtrak between Boston ...

Highlights from around the Capitol

The future of University of Texas President Bill Powers dominated Monday's confirmation hearing for three members of the system's Board of Regents, with one lawmaker saying he believes the board is "on a mission" to oust the popular leader of the Austin campus. The Senate is considering Gov. Rick Perry's ...

Oil rises on falling dollar; gasoline at $3.65

The price of oil rose Monday, taking its cue from the stock market and the dollar. Benchmark oil for June delivery gained 69 cents to close at $96.71 a barrel on the New York Mercantile Exchange. Oil moved higher as U.S. stock markets reversed early losses around midday. Although stocks ...

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