HARTFORD, Conn. (AP) — Kinder Morgan Inc., the energy giant proposing gas pipelines in Northeast that have drawn opposition, is weathering another challenge — financial woes linked to falling energy prices and a steep drop in its stock price forcing it to find new sources of capital.
The Houston-based company announced Tuesday a 75 percent cut in its quarterly dividend to 12.5 cents per share to conserve cash for financing portions of its expansion projects. In addition to a $3.3 billion pipeline through western Massachusetts and southern New Hampshire sought by a Kinder Morgan subsidiary, it's also proposing a Northeast pipeline network in Connecticut, Massachusetts, New Hampshire, New York and Pennsylvania.
BOSTON (AP) — Boston University trustees have voted to revoke an honorary degree awarded to Bill Cosby.
The university said in a statement Monday that the entertainer's treatment of women "brought significant and lasting discredit upon himself" and was inconsistent with the school's values.
