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New Mexico

Nuclear power plant may face millions in repairs

PHOENIX - The nation's largest nuclear power plant, a portion of which is owned by Public Service Company of New Mexico, may be facing repair issues involving millions of dollars.

Nuclear Regulatory Commission officials said Thursday that they will begin a special inspection of the Palo Verde Nuclear Generating Station's core safety injection valves next week.

NRC officials have scheduled a Nov. 20 meeting with the executives of the triple-reactor plant west of Phoenix to discuss ongoing repair issues. Palo Verde already is being watched by federal regulators, largely from a 2004 safety violation that had the potential to disrupt the water flow to the core's emergency cooling system.

Nation

Sports betting company barred from U.S. wagers

ST. LOUIS - A federal prosecutor has reached a settlement with online gambling company BetOnSports PLC that permanently bars the London-based company from accepting any bets from the U.S.

The settlement ends a massive civil case U.S. Attorney Catherine Hanaway filed this summer. It does not effect a criminal case still pending against several BetOnSports employees. CEO David Carruthers faces 22 counts of fraud and racketeering charges.

Former HP exec pleads `not guilty' in spy probe

SAN FRANCISCO - Kevin Hunsaker, former ethics chief for Hewlett-Packard Co., has pleaded not guilty to four felony charges for allegedly directing the company's boardroom spying probe, authorities said.

Hunsaker was arraigned Tuesday in an unannounced hearing in Santa Clara County Superior Court, weeks ahead of his scheduled Dec. 6 court date.

Hunsaker, who refused to resign from HP and was fired, is one of five people charged for HP's investigation into the source of a boardroom leak to the media. The probe involved obtaining the private phone records of journalists and board members through a shady practice known as "pretexting."

Time magazine's price to rise by $1 to $4.95

NEW YORK - Time Inc. has said it will raise the price of its flagship Time magazine by $1 to $4.95, and reduce the number of copies guaranteed to advertisers.

The price hike will take effect with the Nov. 20 edition, Time Inc., a unit of Time Warner Inc., said in a news release. Time plans to cut its guaranteed paid circulation per issue to 3.25 million from 4 million.

The company also said beginning in January it will switch to an audience selling model like the one used by TV networks, rather than a rate base. Advertisers will be able to buy ads based on the new, targeted rate base or Time's guarantee of 19.5 million readers per issue.

Biz people

Angela Schackel Bordegaray has been hired as a new water planner for the State Engineer's office in Santa Fe.

Bordegaray most recently worked at Los Alamos National Laboratory, where she provided planning and technical support regarding water issues.