Oil flowing again through Ill. pipeline

Oil flowing again through Ill. pipeline

ROMEOVILLE, Ill.

Officials have reopened an oil pipeline that was shut down after leaking hundreds of thousands of gallons of crude oil near Chicago.

Pipeline owner Enbridge Energy Partners said repairs were completed this week, and oil began flowing through the line early Friday.

The pipeline had been shut down since shortly after the leak was discovered Sept. 9 in an industrial park in Romeoville, about 30 miles southwest of Chicago.

Federal officials say more than 250,000 gallons of oil have been recovered from the site. The leak sent oil bubbling to the surface and into vegetation, a retention pond and a sewage treatment plant.

The shutdown interrupted the flow of oil to Midwest refineries and resulted in a sharp spike in regional gas prices.

Cookies recalled

TROY, Mich.

A Detroit-area company is recalling cookies sold in Michigan and Ohio because they contain undeclared walnuts.

Dough Masters Inc. of Troy said Friday it’s recalling all lots of its Oatmeal Raisin Cookies and Chocolate Chunk Cookies.

The company says people who have allergies to walnuts run the risk of a serious or life-threatening allergic reaction if they eat the cookies.

5 banks shut down

WASHINGTON

Regulators on Friday shut down three Georgia banks and one each in New Jersey and Ohio, boosting to 124 the number of U.S. bank failures this year amid the tough economic climate and growing loan defaults.

The Federal Deposit Insurance Corp. took over the Georgia banks: Bank of Ellijay, in Ellijay, with $168.8 million in assets; First Commerce Community Bank of Douglasville, with $248.2 million in assets; and Peoples Bank, based in Winder, with $447.2 million in assets.

The FDIC also seized ISN Bank in Cherry Hill, N.J., with $81.6 million in assets, and Bramble Savings Bank of Milford, Ohio, with assets of $47.5 million.

New Century Bank, based in Phoenixville, Pa., agreed to assume the assets and deposits of ISN Bank. New Century Bank does business as Customers Bank. The FDIC and New Century agreed to share losses on $64.8 million of ISN Bank’s loans and other assets.

Foundation Bank, based in Cincinnati, is assuming the assets and deposits of Bramble Savings Bank.

Associated Press