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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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McCain: 'Why the hell' do iPhone apps need updating?

 

Sen. John McCain of Arizona

CNN Political Unit


(CNN) -- After questioning Apple CEO Tim Cook in a congressional hearing Tuesday, Sen. John McCain ran out of time and didn't get to ask one pressing question on his mind.

"What I really wanted to ask is why the hell I have to keep updating the apps on my iPhone all the time and why you don't fix that," McCain, an active Tweeter, said--prompting some laughs in the room.

"Sir, we're trying to make them better all the time," Cook responded in kind.

Lawmakers grilled Apple executives over their company's tax strategy, examining why Apple shifts income to an Irish subsidiary to avoid paying U.S. taxes.

Apple officials said the company moved the money to its overseas operations, such as those in Ireland, not to avoid taxes but because of the growth of Apple's sales overseas.

Michigan Sen. Carl Levin, chairman of the Senate's Permanent Subcommittee on Investigations, and McCain, the committee's ranking member, both started the hearing with withering criticism of Apple's tax practice.

-- CNN's Ashley Killough and CNNMoney.com's Senior Writer Chris Isidore contributed to the report.

 

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