Business

ABC News and Univision are teaming up to create an English-language news network for Hispanics in the United States.

The network doesn't have a name yet but it is expected to launch in 2013, with its digital offerings coming later this summer.

The Los Angeles Times reports:

If a preliminary report holds true, the number of road deaths fell again in 2011. The National Highway Traffic Safety Administration (NHTSA) estimated that 32,310 people died on highways last year, down almost 2 percent from the 32,885 people who died in 2010.

The Detroit News reports:

After two years in second place, Exxon Mobil is back on top of the Fortune 500.

With 2011 revenues of $452.9 billion, the oil and energy giant edged out Wal-Mart Stores, which brought in $447 billion, Fortune magazine just reported.

Wal-Mart took the top spot from Exxon Mobil two years ago and held on to it again last year. Soaring oil prices are a major factor in Exxon's move back to No. 1.

Transcript

STEVE INSKEEP, HOST:

Tax revenue coming from shale, oil, and gas development has many states very happy, but the boom is also putting a strain on regulators. There are not enough of them to inspect all the drilling sites. Colorado, for example, has 17 inspectors for more the 47,000 active oil and gas wells. Kirk Siegler reports from member station KUNC.

KIRK SIEGLER, BYLINE: Each day, Jim Precobb(ph) of the Colorado Oil and Gas Conservation Commission logs about 400 miles in his state-owned truck.

JIM PRECOBB: It is absolutely staggering.