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  • $1.4 trillion in pension fights foreshadowed in RI Sunday, 7 Oct 2012 | 5:01 AM ET

    PROVIDENCE, R.I.-- Retired social worker Jim Gillis was told his $36,000 Rhode Island state pension would increase by $1,100 next year to keep up with inflation. He and other retirees are challenging the pension changes in a court battle that's likely to have national implications as other states follow Rhode Island's lead.

  • *GM to decide soon on Opel cost cuts, alliance with PSA. *Opel says aims to source more parts from PSA, not GM. GM fully stands behind Opel, "GM Vice Chairman Stephen Girsky said in a statement sent by email.

  • US drops 11 to 1,837 rigs exploring for oil, gas Friday, 5 Oct 2012 | 1:34 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.

  • UPDATE 1-Opel "vital" for GM in Europe Friday, 5 Oct 2012 | 11:51 AM ET

    *GM says Opel not for sale despite Fiat's reported interest. *Opel executive says aims to source more parts from PSA, not GM. Earlier on Friday, Italian daily Il Sole-24 Ore said in an unsourced report that Fiat SpA Chief Executive Sergio Marchionne was ready to buy Opel if GM's alliance with Peugeot dissolves.

  • Dutch judge rules against Shell in Greenpeace suit Friday, 5 Oct 2012 | 11:27 AM ET

    AMSTERDAM-- A Dutch court has rejected a lawsuit filed by Royal Dutch Shell PLC against Greenpeace International seeking to ban environmentalists from holding protests against the oil company's Arctic drilling program on or near Shell property.

  • GM components too costly -Opel exec in paper Friday, 5 Oct 2012 | 9:00 AM ET

    FRANKFURT, Oct 5- General Motors' ailing European brand Opel believes there is significant potential to cut costs in manufacturing cars by using materials different from its parent, Opel's interim chief executive told a German newspaper. "GM has global requirements for parts and components that are unusual in the industry.

  • ANCHORAGE, Alaska, Oct 4- A pipeline and plant that would ship natural gas from Alaska's North Slope to international markets could cost between $45 billion and $65 billion, according to the companies pursuing the "mega-project." and partners BP Plc and ConocoPhillips-- and Canadian pipeline operator TransCanada Corp..

  • Companies see Alaska LNG project cost at up to $65 bln Thursday, 4 Oct 2012 | 4:32 PM ET

    Oct 4- Oil companies putting together plans for a new "megaproject" to ship liquefied natural gas abroad from Alaska estimated the cost will run between $45 billion and $65 billion, according to a letter sent to the state governor, Sean Parnell. and ConocoPhillips agreed to work together with TransCanada Corp on the project.

  • Alaskans receive yearly oil wealth payment Thursday, 4 Oct 2012 | 10:59 AM ET

    ANCHORAGE, Alaska-- The day Alaskans highly anticipate has arrived with the distribution of dividend checks from the state's oil savings account. This year's $878 dividend from the Alaska Permanent Fund will be directly deposited Thursday into the bank accounts of eligible residents who choose that route.

  • FACT CHECK: Presidential debate missteps Thursday, 4 Oct 2012 | 9:22 AM ET

    WASHINGTON-- President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth.

  • Shell begins drilling well at Beaufort Sea prospect Thursday, 4 Oct 2012 | 12:04 AM ET

    has started drilling a well in the Beaufort Sea off northern Alaska, making good on exploration plans that had been stalled by floating ice, technical delays and problems with meeting oil spill-preparation requirements.

  • Alaska gas line project could cost $65B or more Wednesday, 3 Oct 2012 | 10:25 PM ET

    JUNEAU, Alaska-- A liquefied natural gas project in Alaska could cost more than $65 billion and would represent a mega-project of "unprecedented scale and challenge," officials behind the project told Gov.

  • Shell starts exploratory drilling in Beaufort Sea Wednesday, 3 Oct 2012 | 8:38 PM ET

    ANCHORAGE, Alaska-- Shell Oil says it has begun exploratory drilling in the Beaufort Sea off Alaska's north coast as it continues to drill in the neighboring Chukchi Sea. Shell Alaska spokesman Curtis Smith says Beaufort drilling started Wednesday after the end of an Alaska Native whale hunt.

  • Unemployment rates in August for Western US cities Wednesday, 3 Oct 2012 | 3:43 PM ET
  • Alaska Air traffic rises 5.1 percent in September Wednesday, 3 Oct 2012 | 2:04 PM ET

    SEATTLE-- Alaska Airlines' parent company said Wednesday that its traffic rose 5.1 percent last month as its number of available seats grew. Alaska, which is run by Alaska Air Group Inc., reported a 5 percent increase in capacity compared with a year earlier. Alaska Air Group shares rose 88 cents, or 2.5 percent, to $36.56 in afternoon trading.

  • Rare century-old $5 Alaska bill to be auctioned Wednesday, 3 Oct 2012 | 3:02 AM ET

    ANCHORAGE, Alaska-- The $5 bill displayed for decades on Charles Fairbanks IV's wall was long a treasured family heirloom from Alaska. The rare find is expected to fetch as much as $300,000 at auction this month when a Texas auctioneer plans to put it up for bids in Dallas and online as part of the American Numismatic Association National Money Show.

  • Cash-strapped states weigh tax policy on drilling Wednesday, 3 Oct 2012 | 12:01 AM ET

    COLUMBUS, Ohio-- For decades, one tiny county in the rolling hills of Ohio's rural reaches was a depressed farm community saddled with double-digit unemployment. Now, Carroll County boasts more active oil and gas wells than any other in the state, and the tax dollars are flowing right along with the crude and natural gas.

  • Recent oil and gas tax proposals in the states Wednesday, 3 Oct 2012 | 12:01 AM ET

    _ ALASKA: Governor's proposed oil tax cuts failed to gain approval. _ FLORIDA: Oil production taxes reduced to offset technological costs of extraction. _ IDAHO: Replaced an existing oil tax with a 2.5 percent conservation tax on the market value of all oil and gas produced.

  • But so far the former Alaska governor and her husband Todd Palin have not come forward to claim their share of a settlement fund established for victims of the 1989 Exxon Valdez oil spill.

  • Home price changes in each state in August Tuesday, 2 Oct 2012 | 1:37 PM ET