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Oklahoma company seeks approval

for pipeline

to cross Kansas

WICHITA, Kan. | An Oklahoma-based energy company is seeking approval for a pipeline that would carry volatile gas liquids through the Kansas county that is home to Wichita.

Williams Companies Inc. met with Sedgwick County officials Wednesday about the 187-mile Bluestem pipeline that would run from McPherson County, Kansas, to Kingfisher County, Oklahoma, the Wichita Eagle reported.

The line would carry pressurized gas liquids, such as propane and butane, across mostly farmland in Sedgwick County, according to pipeline officials. But the plans also call for the line to pass through the city of Cheney.

Sedgwick County officials would need to issue permits for the Bluestem pipeline to cross county roads.

Travelers stranded after Icelandic airline collapses

REYKJAVIK, Iceland | Icelandic budget airline WOW Air collapsed under its financial problems on Thursday, leading it to ground planes and leave passengers stranded across two continents.

The airline, a small carrier that specialized in ultra-cheap travel between the United States and Europe, told passengers there would be no further flights and advised them to check with other airlines for ways to reach their destinations.

The airline flew to cities including Washington, New York, Paris, London and its Reykjavik hub.

WOW saw deals fall through to sell to its main rival, the national flag-ship carrier Icelandair, and later to Indigo Partners, an American company operating the airline Wizz.

Average 30-year mortgage rate plunges to 4.06%

WASHINGTON | Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve’s decision last week to put its interest rate hikes on hold for now.

Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged to 4.06 percent this week, down from 4.28 percent last week. That’s the steepest weekly drop in a decade.

The average 15-year mortgage rate also fell, to 3.57 percent from 3.71 percent. The fee was unchanged at 0.4 point.

Fewer people signed contracts to buy homes in February compared with the previous month, suggesting home sales will cool off a bit after January’s big jump. But economists expect sales will continue to improve this year after last year’s slowdown.

— From AP reports