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  • May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...

  • NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. Drillers cut the number of U.S. oil rigs in operation by just one this week, the strongest sign yet that a nearly six-month slump in activity was ending, data from oil services firm Baker Hughes...

  • US oil and natural gas rig count drops by 3 to 885 Friday, 22 May 2015 | 1:22 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885.. Among major oil- and gas-producing states, Louisiana lost four rigs, West Virginia declined by three and Kansas, North Dakota and Ohio each lost one. Alaska, California, Colorado, Texas, Utah and Wyoming were all...

  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • *Coming up: Baker Hughes rig count at 1700 GMT. NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. U.S. crude was down 95 cents at $59.77 a barrel by 11:45 a.m. EDT.

  • HOUSTON— Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado,...

  • WASHINGTON, May 21- The U.S. Federal Reserve did an about-face on Thursday and proposed allowing banks to count certain municipal bonds as liquid assets in order to comply with new rules designed to ensure banks can survive a cash crunch. The rule change will not apply only to banks regulated by the Federal Reserve that have $250 billion or more in total...

  • Bristow misses 4Q profit forecasts Wednesday, 20 May 2015 | 5:24 PM ET

    HOUSTON _ Bristow Group Inc. on Wednesday reported fiscal fourth-quarter earnings of $15.1 million. The Houston- based company said it had profit of 43 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Man who caught listeria-related meningitis sues Blue Bell Wednesday, 20 May 2015 | 10:14 AM ET

    AUSTIN, Texas— A man is suing Blue Bell, saying he contracted listeria-related meningitis after eating ice cream produced by the company. David Philip Shockley seeks unspecified damages in the negligence lawsuit filed Tuesday in Austin. The lawsuit says Shockley was hospitalized with respiratory failure and septic shock in October 2013 after eating Blue...

  • RICHMOND, Texas— Four-year-old William Cole saw his father's face and reached out to touch it during a jail visit. The facility in Fort Bend County, southwest of Houston, is among a growing number of jails and prison systems across the U.S. in which video visitation has replaced the more familiar in-person visits, where people are in the same room but separated by...

  • HOUSTON, May 20- U.S. oil companies, still smarting from the crude price rout, are attracting a wave of new investment from unlikely sources- hedge funds and private equity firms flocking to the energy market for the first time to bet on a rebound. "You've got generalist funds that have never invested in energy coming out of the woodwork," Michael Ames, an energy...

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Stage Stores reports 1Q loss Tuesday, 19 May 2015 | 6:22 AM ET

    HOUSTON _ Stage Stores Inc. on Tuesday reported a loss of $8.6 million in its fiscal first quarter. Stage Stores expects full-year earnings to be $1.20 to $1.28 per share. Stage Stores shares have dropped 9.5 percent since the beginning of the year.

  • KUALA LUMPUR, May 18- Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas imports from the United States to start next year, a company executive said on Monday. The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal...

  • Yuma Energy reports 1Q loss Friday, 15 May 2015 | 5:12 PM ET

    HOUSTON _ Yuma Energy Inc. on Friday reported a loss of $4 million in its first quarter. On a per-share basis, the Houston- based company said it had a loss of 6 cents. Keywords: Yuma Energy, Earnings Report.

  • HOUSTON— Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products, the Texas company announced Friday. The 108- year-old company's production plants in Texas, Oklahoma and Alabama have been closed since Blue Bell issued a full...

  • US oil and natural gas rig count drops by 6 to 888 Friday, 15 May 2015 | 1:40 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 888.. Houston- based Baker Hughes said Friday that 660 rigs were seeking oil and 223 explored for natural gas. Among major oil- and gas-producing states, Texas lost six rigs, Wyoming declined by two and Alaska, Arkansas,...

  • WASHINGTON, May 15- When Republican Stefanie Linares ran for office in the deeply Democratic city of Chicago last year, she knew that her hard work wasn't likely to end in victory. The 31- year-old Hispanic lawyer lost her bid for the Illinois state Senate by a whopping margin. The Republican party fielded eight state legislature candidates in Chicago last year,...

  • US cites DuPont over gas leak that killed 4 workers Thursday, 14 May 2015 | 6:03 PM ET

    LA PORTE, Texas— Federal work-safety agents cited DuPont on Thursday for 11 safety violations relating to a toxic gas leak last November that killed four workers at a Houston- area plant. In issuing the citations, the U.S. Occupational Safety and Health Administration said the four dead workers "would be alive today" had DuPont "taken steps to protect them" at its...