New York City to get first major natgas line in 40 years

NEW YORK (Reuters) - The bright lights of New York City may burn a little cleaner next year, when the first major natural gas pipeline in a generation is built to connect the largest U.S. metropolis to new energy-producing regions across the country. Spectra Energy's controversial $1.2 billion pipeline, which received approval from the Federal Energy Regulatory Commission (FERC) on Monday, has met with stiff opposition from local communities, but is seen as a key to reduce New York's reliance on dirtier oil-based fuels. ...

Gupta on Rajaratnam's "important people" list: witness

NEW YORK (Reuters) - Former Goldman Sachs director and McKinsey & Co executive Rajat Gupta was on a list of "important people" that now-imprisoned hedge fund manager Raj Rajaratnam was willing to be disturbed to take their phone calls, his onetime secretary testified at Gupta's insider-trading trial on Tuesday. Former Galleon Group employee Caryn Eisenberg, testifying for the prosecution, also told the Manhattan federal court jury that she saw Gupta "many times" in the firm's 34th floor Madison Avenue office in 2008 and 2009. ...

Next Up: Obama Changes Lines of Succession for Federal Departments

Attention doomsday prophets: President Obama has initiated an executive-branch shakeup that could be consequential in the event of a nuclear apocalypse. This week, Obama altered the lines of succession at the Departments of Commerce and Agriculture, the Environmental Protection Agency, the Office of Management and...