• Halliburton and Apollo Education trade higher, Baidu skids

    Updated: Mon, May 2, 2016

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq stock market: NYSE Halliburton Inc., up 74 cents to $42.05 The oilfield services company and rival Baker Hughes called off their planned merger, which was once valued at $34 billion. Sysco Corp., up $2.54 to $48.61 The food distributor delivered stronger results than analysts expected in its fiscal third quarter. GNC Holdings Inc., up $1.66 to $26.02 The nutritional supplement company said it started a strategic review and will consider a possible sale. Helmerich & Payne Inc., down $3.07 to $63.05 The oil and gas well-drilling contractor disclosed a larger adjusted

  • Christie vetoes bill supporting windmills off Atlantic City

    Updated: Mon, May 2, 2016

    TRENTON, N.J. (AP) — New Jersey Gov. Chris Christie vetoed a bill supporting a proposed windmill farm off the coast of Atlantic City. Christie on Monday rejected the bill that would permit, but not require, the state Board of Public Utilities to approve the wind farm off the coast, to be built by Fishermen's Energy. He says the legislation would "usurp" the board's authority by compelling it to receive applications. An environmental group that strongly supports the plan says New Jersey has the greatest potential to develop offshore wind energy of any northeastern U.S. state. Concerns that large subsidies might be needed have led the BPU to reject the proposal three times.

  • Halliburton, Baker Hughes eye future after merger scuttled

    Updated: Mon, May 2, 2016

    DALLAS (AP) — Halliburton and Baker Hughes, whose planned merger is the latest big deal to be shot down by antitrust regulators, now must pick up the pieces and shore up their companies during a severe slump in oil and gas drilling. The two Houston companies are key components of the U.S. energy-exploration business. So big and so important, the Justice Department decided, that letting Halliburton buy Baker Hughes would have hurt competition and driven up prices. Attorney General Loretta Lynch said the companies' decision Sunday to abandon the deal was a victory for the economy and all Americans.

  • Markets Right Now: U.S. stock indexes post solid gains

    Updated: Mon, May 2, 2016

    NEW YORK (AP) — The latest on global financial markets (all times local): 4:00 p.m. Stocks are closing solidly higher as the market claws back some of the ground it lost the week before. Casino operator Wynn Resorts jumped 7 percent Monday, one of several consumer stocks to post big gains. Apollo Education, which runs the University of Phoenix, jumped 12 percent Monday after a group of investors raised their bid for the company. Halliburton rose 2 percent after its long-planned deal to acquire rival oilfield services company Baker Hughes was called off because of antitrust concerns. The Dow Jones industrial average climbed 117 points, or 0.7 percent, to 17,891. The Standard & Poor's 500 index g

  • Dalrymple likely to seek spending reductions in next budget

    Updated: Mon, May 2, 2016

    BISMARCK, N.D. (AP) — Gov. Jack Dalrymple likely will ask state agencies to identify potential reductions when drafting spending plans for the next two-year spending cycle due to depressed oil prices and a downturn in drilling activity, the state's top budget writer said Monday. "I expect we will be asking for a reduced budget," said Pam Sharp, North Dakota's budget director. Dalrymple, who is not seeking re-election, is slated to address agency directors on Wednesday at the state Capitol. The Republican governor's guidelines will be used by North Dakota departments to write spending plans for the 2017-19 budget cycle.

  • Tulsa's Midstates Petroleum files for bankruptcy reorganization

    By Adam Wilmoth Energy Editor awilmoth@oklahoman.com | Published: Mon, May 2, 2016

    Energy company cites more than $2 billion in debt.

  • Gas prices up 7 cents per gallon in Rhode Island

    Updated: Mon, May 2, 2016

    PROVIDENCE, R.I. (AP) — Gas prices are up an average of seven cents per gallon in Rhode Island. AAA Northeast says its weekly survey released on Monday found the average price of self-serve, regular gas was $2.22 per gallon, up from $2.15 last week. It's the highest price since the fall. AAA says the national average also stands at $2.22 per gallon. Prices are still significantly lower than at this time last year, when the average price of gas in Rhode Island was 38 cents higher, at $2.60 per gallon.

  • Gas jumps by a nickel per gallon in Massachusetts

    Updated: Mon, May 2, 2016

    BOSTON (AP) — The cost of a gallon of gasoline in Massachusetts is up a nickel, the ninth consecutive week of higher prices. AAA Northeast in its weekly price survey released Monday found self-serve, regular gas selling for an average of $2.17 per gallon, the highest price since late September. Gas is now 19 cents per gallon higher than it was a month ago. But it remains 5 cents below the national average and 43 cents lower than it was a year ago. AAA found self-serve, regular selling as low as $1.99 per gallon and as high as $2.49.

  • No mayday call before fatal helicopter crash in Norway

    Updated: Mon, May 2, 2016

    HELSINKI (AP) — The oil-rig helicopter that crashed in western Norway, killing 13 people, gave no mayday call or indicated it was in trouble, Norwegian investigators said Monday. Norway's Accident Investigation Board said the process of retrieving data from the flight and cockpit recorders had been completed and the quality of the data was good. It was being sent back to Norway from Britain, where investigators had extracted the information. Kare Halvorsen of the Norwegian agency said the information so far does not indicate a problem on board, but acknowledged that investigators were aware of "videos on the Internet" that seemed to show a helicopter rotor that was propelled through the air immediately before the crash on a

  • Gas prices still increasing in northern New England

    Updated: Mon, May 2, 2016

    CONCORD, N.H. (AP) — Retail gas prices are still on the rise across northern New England. GasBuddy surveys show the average retail price in New Hampshire is $2.17 per gallon, up 6.4 cents per gallon from last week. Prices are even higher in Maine and Vermont. The average price per gallon in Maine is $2.28, a 5.7 cent-per gallon increase in the last week. In Vermont, it's $2.25, up 5.2 cents per gallon from a week ago. The national average of $2.22 has increased nearly 16 cents per gallon during the last month and stands 39.3 cents per gallon lower than this day one year ago.

  • Colorado Supreme Court strikes down attempts by two cities to ban or delay fracking

    Updated: Mon, May 2, 2016

    DENVER (AP) — Colorado Supreme Court strikes down attempts by two cities to ban or delay fracking .

  • Oil and saltwater spill cleaned up at McKenzie County well

    Updated: Mon, May 2, 2016

    BISMARCK, N.D. (AP) — North Dakota's Oil and Gas Division says an equipment failure led to the spill of nearly 11,000 gallons of oil and saltwater at an oil well in McKenzie County. Buckhorn Energy Services LLC reported Friday that 840 gallons of oil and 10,080 gallons of saltwater were released, contained and recovered at the site about 5 miles northwest of Watford City. A state inspector has been to the site.

  • 6 of 9 families return home after natural gas explosion

    Updated: Mon, May 2, 2016

    GREENSBURG, Pa. (AP) — Six of nine families have been allowed to return to their homes two days after a natural gas pipeline exploded into a fireball in western Pennsylvania. Spectra Energy Corp. of Houston is working with three other families whose homes were too badly damaged by Friday's explosion to return after the evacuation order was lifted Sunday. That happened after crews drained pressurized gas from three nearby pipelines owned by the same company. That's a precaution needed for crews to begin determining how the fourth line blew up about 8:15 a.m. Friday in Salem Township. Twenty-six-year-old James Baker's home was damaged and he was burned trying to escape the area. He remained in critical condition Monday

  • Alabama governor, senator urge TVA to sell unfinished nuke

    Updated: Mon, May 2, 2016

    BIRMINGHAM, Ala. (AP) — Alabama Gov. Robert Bentley and Sen. Richard Shelby are among those urging TVA to sell its unfinished Bellefonte Nuclear Plant. Comments released publicly by the Tennessee Valley Authority show Bentley and Shelby along with local officials, some environmental groups and others want the Tennessee Valley Authority to get rid of the facility in northeast Alabama near Hollywood. Documents also show an out-of-state, alternative energy company is interested in purchasing Bellefonte for use as an energy plant. An executive with the firm, Phoenix Energy of Nevada, says it wants to use a new technology to generate electricity at the site. Several environmental groups are urging the federal utility to ke

  • Ohio gas prices climb to average price per gallon of $2.29

    Updated: Mon, May 2, 2016

    COLUMBUS, Ohio (AP) — Gas prices around Ohio continue going up as the price per gallon starting into the workweek climbed to $2.29. The state average was up 12 cents from $2.17 the previous week in Monday's survey from auto club AAA, the Oil Price Information Service and WEX Inc. The average price in Ohio on Monday was 28 cents higher than what it was this time last month. But the average remained below the $2.43 cents reported this time last year. The national average price in Monday's survey was $2.22, compared with $2.06 a month ago. The national average price this time last year was $2.61. ___ Online: AAA Daily Fuel Gauge Report: http://fuelgaugereport.aaa.

  • AAA Michigan: Statewide average gas prices rise 13 cents

    Updated: Mon, May 2, 2016

    DEARBORN, Mich. (AP) — AAA Michigan says gas prices statewide have risen by about 13 cents a gallon in the past week. The Dearborn-based auto club says Sunday the average price for self-serve regular unleaded gasoline was about $2.30 per gallon. That's about 22 cents less than it was at the same point last year. AAA says relatively inexpensive gas prices are boosting driving and 2016 could be a record year for gasoline consumption and annual miles traveled. The lowest average price was about $2.23 per gallon in the Marquette area, while the highest average was about $2.37 per gallon in the Jackson and Lansing areas. AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state. ___ On

  • Companies crucial to energy exploration abandon $34B merger

    Updated: Mon, May 2, 2016

    WASHINGTON (AP) — Two companies crucial to the business of U.S. energy exploration have abandoned their planned $34 billion merger, according to the Justice Department. The department filed suit April 6 to block the merger of Halliburton and Baker Hughes. It claims the transaction would unlawfully eliminate significant competition in almost two dozen markets crucial to the exploration and production of oil and natural gas in the United States. "The companies' decision to abandon this transaction — which would have left many oilfield service markets in the hands of a duopoly — is a victory for the U.S. economy and for all Americans," Attorney General Loretta E. Lynch said in a statement on Sunday.

  • Feds approve plan to build gas pipeline for power plant

    Updated: Mon, May 2, 2016

    SHAMOKIN DAM, Pa. (AP) — Federal officials have signed off on a plan to build a 34-mile pipeline through five central Pennsylvania counties that will carry natural gas to a power plant being built along the Susquehanna River. Federal energy regulators approved the Sunbury Pipeline Project on Friday. The pipeline would service the power plant being built in Shamokin Dam, about 40 miles north of Harrisburg, and will travel through Lycoming, Montour, Northumberland, Union and Snyder counties. UGI Energy Services Inc. spokesman Kenneth Robinson says they are pleased with the approval. Construction should begin after state environmental regulators issue the necessary permits.

  • New England seen as having ample summer electricity supply

    Updated: Sun, May 1, 2016

    HOLYOKE, Mass. (AP) — The operators of New England's power grid are confident the region will have enough resources to meet demand over the summer months. Electricity demand typically spikes during in the summer because of air conditioning use. Holyoke-based ISO New England, which oversees the region's wholesale electricity markets, says supplies should be sufficient even during an extended heat wave. One possible fly in the ointment: ISO says construction and maintenance work scheduled on natural gas pipeline infrastructure could restrict delivery of natural gas to some gas-fired power plants in the region. But the company says it has contingency plans to maintain power system reliability.

  • Qatar bank says some leaked customer data may be accurate

    Updated: Sun, May 1, 2016

    DUBAI, United Arab Emirates (AP) — Qatar's largest bank acknowledged Sunday that some personal customer data that was leaked online may be authentic, and said it has hired an outside expert to review potential vulnerabilities to its computer systems. Files dumped online last week appeared to contain sensitive information involving thousands of Qatar National Bank customers, including bank logins, passwords, security questions and answers, credit card numbers, national identification numbers, phone numbers and email addresses. The bank previously said only that it was investigating an alleged breach.




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