Oct 29, 2017

Puerto Rico to cancel Whitefish Energy contract

Whitefish Energy contractors at work in Puerto Rico. Photo: Ramon Espinosa / AP

Puerto Rico Gov. Ricardo Rossello Sunday called on a government board to cancel a $300 million contract with the Montana company Whitefish Energy to rebuild the hurricane-ravaged island's power grid. Rossello said the contract became a distraction after members of Congress and FEMA raised concerns. Whitefish had only two full-time employees when Maria made landfall, and the company's largest project before this was a $1.3 million contract in Arizona.

Update: Puerto Rico's power authority says it will end the contract once ongoing work is completed. [Go deeper: A breakdown of the contract]

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The NFL warms up to betting

Photo: Jim McIsaac/Getty Images

Starting this season, NFL teams in states with legal sports betting will be allowed to have in-stadium betting lounges and accept sponsorships from sportsbooks and betting operators, per multiple reports.

One caveat: There will not be any physical betting windows in the lounges, so they're more "hangout spots for bettors" than an actual "places to make bets."

Go deeperArrow55 mins ago - Sports

Situational awareness

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images

Coronavirus shakes the global economy

Health workers spray disinfectant in Seoul on Feb. 24. Photo: Chung Sung-Jun/Getty Images

New cases of the novel coronavirus have rocked asset prices in Japan, South Korea and Italy, as those nations and others have ratcheted up emergency efforts to contain the outbreak.

What's happening: Asian stock markets continued to tank overnight, as South Korea's Kospi dropped nearly 4%, Australia's ASX fell by 2.3% and Hong Kong's Hang Seng declined by 1.8%. MSCI’s index of Asia-Pacific stocks outside Japan touched its lowest since early February.