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  • Siemens to acquire Dresser-Rand for $7.6 billion Sunday, 21 Sep 2014 | 9:45 PM ET

    HOUSTON— German electronics and engineering company Siemens AG has reached a deal to acquire oilfield equipment maker Dresser-Rand for $7.6 billion. Under the deal announced early Monday in Germany, Siemens will pay $83 per common share of Dresser-Rand Group Inc., $3.09 more than the company's closing share price on Friday.

  • WASHINGTON, Sept 19- Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations. Washington extended sanctions on Russia last week over its aggression in Ukraine.

  • NEW YORK, Sept 19- Frustrated by what he describes as a lack of political courage, a former president of the U.S. unit of Royal Dutch Shell takes center stage in a new documentary film that makes the case for using alternative fuels in cars.

  • HOUSTON, Sept 19- To capitalize on a flood of domestic and Canadian crude into the U.S. Gulf Coast, logistics giant Kinder Morgan Energy Partners is spending more than $1.5 billion in Houston to build the most flexible oil and fuel transport hub in the country.

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 12:00 p.m. ET Friday, 19 Sep 2014 | 12:01 PM ET

    Alibaba expected to rise in trading debut on heavy interest. NEW YORK- Alibaba Group Holding Ltd's shares surge 41 percent to $96.02 on their first day of trading as many investors who received fewer shares than hoped lined up orders to buy what looks likely to be the largest IPO in history. Wall St rises as Scots stay in UK, Alibaba debuts.

  • Fewer than 1 percent of large partnerships were audited by the IRS in 2012, compared with 27 percent of large corporations, the GAO said, defining both as having $100 million or more in assets, and in the case of partnerships, 100 or more partners.

  • Sept 18- The mothballed Hovensa refinery, once the largest in the Western hemisphere, could be the latest "zombie refinery" to come back to life, revived by the U.S. shale boom.

  • *Sulzer worth $4.6 bln, Dresser-Rand worth $5.6 bln. Sept 17- Swiss pump maker Sulzer said on Wednesday it is in talks on a potential combination with U.S. compressor and turbine maker Dresser-Rand, a deal that would create a machinery company with a combined market valuation exceeding $10 billion.

  • Barcelona, Spain, tops innovative cities contest Wednesday, 17 Sep 2014 | 8:02 AM ET

    Barcelona was awarded 5 million euro as top finisher. Four others were awarded 1 million euros each: the metropolitan area of Kirklees, England, and the cities of Stockholm; Warsaw, Poland; and Athens, Greece.

  • Bill Barrett to sell some properties, pay debt Tuesday, 16 Sep 2014 | 12:58 PM ET

    NEW YORK— Bill Barrett Corp. announced several deals on Tuesday that will net it about $568 million in cash and help lower its debt. The Denver- based oil and gas company said it is selling properties in the Powder River Basin, which is located in Montana and Wyoming, and the Piceance Basin in Colorado.

  • Natural gas company seeks federal OK for pipeline Tuesday, 16 Sep 2014 | 11:43 AM ET

    BOSTON— An energy company is seeking federal approval for a natural gas pipeline through northern Massachusetts that has already garnered significant local opposition. Houston- based Kinder Morgan Inc. filed a request with the Federal Energy Regulatory Commission on Monday.

  • CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.

  • Sept 15- ConocoPhillips, the largest U.S. independent oil and gas company, is preparing to auction its 24 percent stake in the Clair oilfield in the United Kingdom, the Financial Times reported on Monday. The oilfield has an estimated 8 billion barrels of oil, making it the largest hydrocarbon resource in Europe, according to oil major BP Plc's website.

  • Russia sanctions to stall Exxon’s Arctic oil plans Friday, 12 Sep 2014 | 8:31 PM ET

    Exxon Mobil’s ambitions in Russia appear to have been dashed, at least until the Ukraine crisis is resolved. The NYT reports.

  • UPDATE 7-Oil drops as ample supply overtakes demand Friday, 12 Sep 2014 | 4:34 PM ET

    *Weaker oil demand growth in China and Europe- IEA. NEW YORK, Sept 12- Crude oil prices fell on Friday on pressure from weak demand, ample supplies and a strong dollar. "We've seen a lot of selling pressure lately and concerns of a lot of oil on hand to meet demand," said Gene McGillian, an analyst at Tradition Energy in Stamford, Connecticut.

  • WASHINGTON, Sept 12- The United States hit Russia's largest bank, a major arms maker and arctic, deepwater and shale exploration by its biggest oil companies with new sanctions on Friday to punish Moscow for its intervention in Ukraine. They are the latest economic penalties imposed by the West since Russia annexed Crimea from Ukraine in March.

  • US rig count up 6 to 1,931 Friday, 12 Sep 2014 | 1:36 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by six this week to 1,931.. Of the major oil- and gas-producing states, Alaska gained three rigs; Kansas, New Mexico and North Dakota each increased by two; and Colorado, Ohio and Pennsylvania were up one apiece.

  • *Weaker oil demand growth in China and Europe- IEA. NEW YORK, Sept 12- Brent oil prices fell on Friday, pressured by a strong dollar, weak demand and ample supplies, while U.S. crude rose, stabilizing a day after hitting 16- month lows.

  • Men's Wearhouse posts 2Q profit Wednesday, 10 Sep 2014 | 6:23 PM ET

    HOUSTON— The Men's Wearhouse Inc. on Wednesday reported profit of $12.3 million in its fiscal second quarter. The Houston- based company said it had profit of 25 cents per share. Men's Wearhouse shares have risen 5.5 percent since the beginning of the year.

  • Study: North Texas drilling adds $11.8B to economy Wednesday, 10 Sep 2014 | 3:56 PM ET

    FORT WORTH, Texas— Production from the natural gas-rich Barnett Shale in North Texas has risen even as drilling activity and natural gas prices have fallen, according to a study commissioned by the Fort Worth Chamber of Commerce released Wednesday.