Chevron hit with violation notice

Chevron hit with violation notice

salt lake city

State regulators have slapped Chevron with a violation notice over a March fuel spill near a northern Utah bird refuge.

The Utah Division of Water Quality is asking Chevron to provide a report on cleanup operations and a response plan for the pipeline rupture that leaked about 21,000 gallons of diesel fuel.

The split in the pipeline running between Salt Lake City and Spokane, Wash., spilled diesel at Willard Bay State Park and near the Bear River Migratory Bird Refuge.

Division Director Walt Baker said his agency is working with the attorney general’s office to ensure that Chevron is held accountable for the spill and its impacts.

School of economics blasts BBC tactics

london

One of Britain’s leading academic institutions, the London School of Economics, is accusing the BBC of putting students at risk by using them as cover for a covert reporting trip to North Korea.

The school says the BBC’s decision to send three TV journalists to the secretive communist state in March to shoot a documentary without governmental permission to work there by posing as members of a student trip could have caused grave trouble for the students, if the deception had been uncovered by North Korean authorities.

The squabble between two powerful British institutions comes at a time of uncertainty caused by North Korea’s bellicose threats to launch a new medium-range missile at its enemies.

Cyprus president chides bank chief

nicosia, cyprus

Cyprus’ president on Sunday chided the central bank chief to not act in ways that catch the government by surprise, but to move to stabilize the bailed-out country’s troubled banking sector.

President Nicos Anastasiades’ didn’t say what Central Bank Governor Panicos Demetriades did to raise his ire. But he suggested Demetriades’ actions led to Friday’s resignations of three Central Bank Board members.

Lawmakers have criticized Demetriades over his role in talks with the country’s eurozone partners and the International Monetary Fund that culminated in a $30 billion rescue package.

Deal reportedly near for Thermo Fisher

new york

Thermo Fisher Scientific Inc. is reportedly nearing a deal to buy Life Technologies Corp., a maker of genetic testing equipment, for almost $12 billion.

Thermo Fisher’s bid for Life Technologies topped $70 a share, beating out bids from other suitors, including the Blackstone Group, the Carlyle Group and other private equity firms, according to published reports.

Life Technologies’ stock closed Friday at $68.

Vindicator wire services

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .70, 32.825 .08

Avalon Holdings,3.74.00

Clear Channel, .33 31.75 —.10

Cortland Bancorp, 10.25.00

Farmers Nat., .126.46 —.04

First Energy, 2.20, 45.72.25

FirstMerit Corp., .64,16.68 .07

First Niles Financial, .32,7.25.00

First Place Fin., .0023.00

FNB Corp., .48,11.62—.08

General Motors,29.63—.09

General Electric, .76,23.46—.13

Motors Liquidation, .0422.00

Huntington Bank, .16, 7.39—.08

JP Morgan Chase, 1.52,49.01—.30

Key Corp, .20,9.84—.19

LaFarge, 16.027 —.28

Macy’s, .80, 44.43.12

Parker Hannifin, 1.72, 89.04—.92

PNC, 1.60,65.81—1.06

RTI Intl. Metals,29.28.88

Simon Prop. Grp.,4.60,173.66—.61

Stoneridge 7.31 —.07

United Community Fin. 4.26—.01

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.