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  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

  • Cardtronics misses 4Q profit forecasts Thursday, 4 Feb 2016 | 5:57 PM ET

    HOUSTON _ Cardtronics Inc. on Thursday reported fourth-quarter net income of $14.8 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Cardtronics expects full-year earnings in the range of $3 to $3.13 per share, with revenue in the range of $1.24 billion to $1.27 billion.

  • LAGOS, Nigeria— Nigeria's aviation regulatory agency is suspending operation of all Sikorsky model S-76C++ helicopters following two crashes in six months in the West African country, the director general said Thursday. Another Sikorsky nose-dived Aug. 10 into a lagoon in Lagos, the commercial capital, killing six of the 12 people on board including the...

  • HOUSTON, Feb 4- When it split off its Phillips 66 refining arm in 2012, ConocoPhillips said a rich and growing dividend payout would entice investors and set it apart from other exploration and production companies that typically offered lower shareholder returns. So on Thursday, when Conoco said it was slashing its payout for the first time in 25 years due to...

  • Occidental reports 4Q loss Thursday, 4 Feb 2016 | 7:33 AM ET

    HOUSTON _ Occidental Petroleum Corp. on Thursday reported a loss of $5.18 billion in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of $6.78. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

  • HOUSTON— ConocoPhillips posted a wider-than-expected loss in the fourth quarter and slashed its quarterly dividend by 66 percent as oil prices continue to drop. ConocoPhillips said it is lowering its dividend to 25 cents per share from 74 cents per share. ConocoPhillips lost $3.45 billion, or $2.78 per share, for the quarter.

  • Patterson-UTI reports 4Q loss Thursday, 4 Feb 2016 | 6:35 AM ET

    HOUSTON _ Patterson-UTI Energy Inc. on Thursday reported a fourth-quarter loss of $58.7 million, after reporting a profit in the same period a year earlier. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share. Eleven analysts surveyed by Zacks expected $323.1 million.

  • The craftsmen of Murano, an island near Venice, didn't have such technology, yet they still turned out museum-worthy pieces known for their artistry and beauty, using techniques that remained exclusive for centuries. Through years of researching Venetian glass collections at American and European museums and comparing the artifacts with more...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • Evolution Petroleum posts 2Q profit Wednesday, 3 Feb 2016 | 7:23 PM ET

    HOUSTON _ Evolution Petroleum Corp. on Wednesday reported fiscal second-quarter profit of $823,000. On a per-share basis, the Houston- based company said it had net income of 2 cents. Keywords: Evolution Petroleum, Earnings Report.

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow further as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only National Oilwell Varco but dozens of others...

  • NEW YORK— Richard Anderson, who oversaw Delta Air Lines' transformation into one of the world's most profitable airlines, will retire this May. His right-hand man, airline president Ed Bastian, will take over as CEO, the Atlanta- based airline said Wednesday. Delta also purchased a 49 percent ownership stake in Virgin Atlantic to gain much-needed access to London...

  • Geospace Technologies reports 1Q loss Wednesday, 3 Feb 2016 | 4:13 PM ET

    HOUSTON _ Geospace Technologies Corp. on Wednesday reported a loss of $11 million in its fiscal first quarter. Geospace Technologies shares have dropped 34 percent since the beginning of the year. Keywords: Geospace Technologies, Earnings Report.

  • HOUSTON, Feb 3- The latest blow to the energy industry's collective psyche has been inflicted by National Oilwell Varco Inc, with the giant oilfield equipment maker warning the pace of drilling and fracking will only slow more as 2016 drags on. A 70 percent drop in crude prices since mid-2014 has affected not only NOV but dozens of others throughout North...

  • *Q4 adjusted profit 23 cents/ share vs estimates 44 cents. *Takes $1.63 bln charge on goodwill and inventory. "We hit a whole new level of pain," Chief Executive Clay Williams said on a call with analysts.

  • In Colorado, fears about InBev's entry into craft beer Wednesday, 3 Feb 2016 | 11:58 AM ET

    DENVER— In a former bakery south of downtown Denver, Matthew Fuerst makes beer flavored with ingredients like Hatch green chiles that he chops by hand. Fuerst worries InBev could use its distribution leverage and buying power to squeeze other craft beers out of liquor store shelves, discount its own craft beer line and buy up raw materials after its purchase...

  • National Oilwell Varco reports 4Q loss Wednesday, 3 Feb 2016 | 7:05 AM ET

    HOUSTON _ National Oilwell Varco on Wednesday reported a fourth-quarter loss of $1.52 billion, after reporting a profit in the same period a year earlier. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share. National Oilwell Varco shares have decreased slightly more than 8 percent since the...

  • Spectra Energy reports 4Q loss Wednesday, 3 Feb 2016 | 6:49 AM ET

    HOUSTON _ Spectra Energy Corp. on Wednesday reported a fourth-quarter loss of $263 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston- based company said it had a loss of 39 cents. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

  • HOUSTON, Feb 3- A calamitous natural gas leak near Los Angeles is inching closer to finally being plugged after months of trial and error with different techniques aimed at sealing a foul-smelling hole that has forced thousands of residents from their homes. "It is a slow process once you get down to the fine tuning of lining up one well to the other," said Bill Abel,...

  • CHICAGO, Feb 2- Health experts are bracing for Zika virus to spread to the United States by April or May, borne by a mosquito that craves human blood, feeds during the day and lives under beds and inside closets. Until now, the best weapon against disease-carrying mosquitoes in the United States has been outdoor pesticide fog sprayed by truck and airplane.