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  • In Washington, Congress will begin considering legislation to permit the export of crude oil from the United States, reversing a four decade ban put in place after the first oil crisis in 1973/ 74.. Rather than reduce production to boost prices, Saudi Arabia and the other OPEC members are prepared to continue pumping to defend market share and maximise revenue.

  • June 1- Molycorp Inc said it missed a $32.5 million interest payment on its senior secured notes, heightening concerns that the struggling rare earths miner could file for bankruptcy before the end of the month. Molycorp's shares fell as much as 21 percent in early trading. Molycorp, which reported a loss for the thirteenth straight quarter last month, had warned...

  • June 1- Intel Corp agreed to buy Altera Corp for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company's programmable chips, which are used,...

  • NEW YORK— Intel is buying chip designer Altera for about $16.7 billion in cash to expand its reach into new chip markets that are powering the wireless revolution, smarter cars and more. While Intel already works with Altera on the manufacturing of certain kinds of high-end chips, Intel CEO Brian Krzanich said that owning the company will allow Intel to fully...

  • Intel to buy Altera for $16.7 billion Monday, 1 Jun 2015 | 8:34 AM ET

    June 1- Intel Corp agreed to buy Altera Corp for $16.7 billion as the world's biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centers. Intel said it would offer $54 per share in cash, a 10.5 percent premium to Altera's closing price on Friday. Altera, based in San Jose, California,...

  • SAN FRANCISCO— Google is making its privacy controls easier to find and understand in an attempt to make the more than 1 billion users of its digital services more comfortable about the personal information that they give the Internet's most powerful company. The simpler approach debuting Monday features a redesigned "My Account" hub where all of Google's key...

  • WASHINGTON— Elfriede Rinkel's past as a Nazi concentration camp guard didn't keep her from collecting nearly $120,000 in American Social Security benefits. Rinkel admitted to being stationed at the Ravensbrueck camp during World War II, where she worked with an attack dog trained by the SS, according to U.S. Justice Department records. Rinkel is among 133...

  • TOKYO— Godzillas galore, including last year's Hollywood version, stomp on buildings, thrashing about and breathing fire, in a video game going on sale globally mid-July. In the original 1954 movie, Toho Co. studios concocted the giant animal that arose as a mutation from nuclear testing in the Pacific. That had special resonance in Japan as the only nation to have...

  • A look at competing math on pools versus lawns Monday, 1 Jun 2015 | 1:30 AM ET

    ORANGE, Calif.— The drought gripping California has the swimming pool and spa industry on the offensive. Here is a look at the numbers being cited by three different parties who are concerned about the installation— or lack of installation— of new pools in California this summer:. With a cover, the pool becomes as efficient as a backyard planted with...

  • ORANGE, Calif.— The California swimming pool and spa industry has launched a campaign to market itself as a drought-friendly landscaping option as the state enters a fourth summer of drought that has residential pools and other conspicuous water users in the crosshairs. They're saving water, "said John Norwood, the California Pool and Spa Association's...

  • U.S. gas prices edge up to $2.84 a gallon -survey Sunday, 31 May 2015 | 6:58 PM ET

    May 31- The average price of a gallon of regular-grade gasoline in the United States rose 4 cents from two weeks ago to $2.84 a gallon, which was the highest since Nov. 21, the Lundberg survey released on Sunday showed. The average price per gallon in the week ended May 29 was about 85 cents lower than a year ago. Nationally, among the panel of U.S. cities included in the...

  • Semiconductor chip maker Intel Corp. is expected to announce plans Monday to buy chip designer Altera Corp. for about $17 billion, according to a report by The Wall Street Journal. On Sunday, The Wall Street Journal reported that "people familiar with the matter" said Altera shareholders would receive about $54 per share, similar to the offer the San Jose,...

  • CAMARILLO, Calif.— The average price of gasoline has increased 4 cents a gallon over the past two weeks to $2.84 a gallon. The highest price recorded in the continental United States was $3.83 in Los Angeles. The average price in California was $3.66, down 10 cents a gallon.

  • LOS ANGELES, May 31- Dwayne Johnson's "San Andreas" has delivered a dominating $53.2 million opening weekend at 3,777 U.S. locations, soaring past recent forecasts of a $40 million launch for the Warner Bros.- New Line 3 D disaster pic. "San Andreas" took in more than five times as much as the $10 million opening of Sony's romantic comedy "Aloha," which arrived at 2,815...

  • LOS ANGELES, May 31- Dwayne Johnson's "San Andreas" has delivered a dominating $53.2 million opening weekend at 3,777 U.S. locations, soaring past recent forecasts of a $40 million launch for the Warner Bros.- New Line 3 D disaster pic. "San Andreas" took in more than five times as much as the $10 million opening of Sony's romantic-comedy "Aloha," which arrived at 2,815...

  • LOS ANGELES— Dwayne "The Rock" Johnson out-muscled the competition at domestic movie theaters as the earthquake epic "San Andreas" hauled in an estimated $53.2 million over the weekend. It was Johnson's biggest debut for a non-sequel as the top-billed actor, according to box office tracker Rentrak. The action star helped the movie over-perform on the West Coast...

  • Bidding window opens for annual Buffett lunch auction Sunday, 31 May 2015 | 10:24 AM ET

    OMAHA, Nebraska— Billionaire Warren Buffett will again try to sell the world's most expensive lunch this week to raise money for a San Francisco charity that helps the poor and homeless. Over the past 15 years, Buffett's lunch auction has raised $17.9 million for the Glide Foundation. The 16th annual lunch auction starts Sunday with a $25,000 minimum bid on eBay,...

  • A recycling center in the Silicon Valley is looking for a woman who dropped off an old Apple computer that turned out to be a collectible item worth $200,000. The San Jose Mercury News reports it was one of only about 200 first-generation desktop computers assembled by Steve Jobs, Steve Wozniak and Ron Wayne in 1976.. We thought it was fake, "Gichun told KNTV-TV.

  • BRASILIA, May 30- Three workers died and three were injured in an accident at the construction site of the massive hydroelectric dam Belo Monte in northern Brazil, the builder said on Saturday. The likes of Hollywood director James Cameron and the Inter-American Court on Human Rights have said Belo Monte would displace indigenous people in the Amazon.

  • LOS ANGELES— The leader overseeing a massive oil cleanup along the California coast defended the initial response, saying there were workers on the ground after the spill that stained popular beaches. As more crews arrived the next day, they began raking oily sand and cleaning rocks on the beach— an exercise that continues more than a week after one of the largest...