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Enbridge says gap opens beneath Great Lakes oil pipeline

Enbridge says gap opens beneath Great Lakes oil pipeline

TRAVERSE CITY, Mich. (AP) — Erosion has created a gap beneath an oil pipeline in a key Great Lakes channel that's wider than allowed under an agreement with the state of Michigan, oil transport company Enbridge Inc. said Wednesday.
The Canadian company said the opening between the pipe and the bottom of the Straits of Macki ... (full story)


Investing for your kids

Investing for your kids

Q: Are stocks, bonds or CDs best when I'm investing for my kids? -- H.S., Fort Wayne, Indiana
A: It depends on factors such as their ages and your goals. Are your kids still very young and more than a decade away from college? Are they 16 and headed to college soon? Are they 21 and hoping to buy a home in a few years?
For long ... (full story)


Alaska's oil money headaches: 'We did this to ourselves'

JUNEAU, Alaska (AP) — Daniel Bowen came to Alaska in 2011, looking for adventure and opportunity. He and his wife eventually settled on the Kenai Peninsula south of Anchorage, a salmon fishing haven calling itself "Alaska's Playground."
But the Bowens, both teachers, recently returned to their native Michigan. Aft ... (full story)


Liz Weston: How to mess up a variable annuity

Variable annuities are complex insurance products — so complex that what people actually buy and what they think they're buying may be quite different. Those misunderstandings can end up costing them, or their heirs, a lot of money.
For the uninitiated: Variable annuities are insurance company contracts that allow people to ... (full story)


Adidas' Greg Thomsen talks outdoors

Adidas' Greg Thomsen talks outdoors

NEW YORK (AP) — When 40-year outdoor industry veteran Greg Thomsen launched Adidas's U.S. outdoors business back in 2010, he faced some big challenges.
The outdoors market was overcrowded, and retailers were skeptical of the German company's youthful, brightly colored designs that contrasted with the muted tones then offere ... (full story)