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  • OSLO, April 22- Oil services firms Baker Hughes and Aker Solutions agreed on Tuesday to form an alliance for their subsea divisions in an attempt to reduce costs as their customers- oil companies around the world- cut back on spending.

  • Internet TV case: US justices skeptical, concerned Tuesday, 22 Apr 2014 | 12:05 AM ET

    WASHINGTON— Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.

  • Affordable Care Act only chips away at a core goal Monday, 21 Apr 2014 | 1:47 PM ET

    SACRAMENTO, Calif.— Swan Lockett had high hopes that President Barack Obama's health overhaul would lead her family to an affordable insurance plan, but that hasn't happened. Instead, because lawmakers in her state refused to expand Medicaid, the 46- year-old mother of four from Texas uses home remedies or pays $75 to see a doctor when she has an asthma attack.

  • AT&T explores expansion of super-fast Internet Monday, 21 Apr 2014 | 12:47 PM ET

    AT&T currently has such speeds in Austin, Texas, and has committed to offer the service in Dallas. The company is also in advanced talks to bring GigaPower to two additional markets, Raleigh-Durham and Winston-Salem, N.C.. A rival offering from Google Inc., known as Google Fiber, is available in Kansas City and is coming soon to Austin and Provo, Utah.

  • Calpine agrees to sell 6 power plants for $1.57B Monday, 21 Apr 2014 | 9:36 AM ET

    NEW YORK— Calpine Corp. said Monday that it has agreed to sell six of its power plants, including two in Alabama, to privately-held LS Power Equity Advisors for $1.57 billion. Houston- based Calpine plans to use the money to pay down debt, acquire other sites or buy back its stock, said CEO Jack Fusco.

  • Halliburton posts $622M in 1st-qtr net income Monday, 21 Apr 2014 | 8:05 AM ET

    DALLAS— Halliburton made money in the first quarter on rising revenue in the Middle East and Asia, and the CEO said Monday that he sensed an upturn in the North American market. Earnings and revenue topped expectations and Halliburton reversed course after a loss a year ago, when results were hurt by charges related to the huge 2010 Gulf of Mexico oil spill.

  • BRASILIA, April 20- Brazils President Dilma Rousseff must assume her share of responsibility for the controversial purchase of a refinery in Texas by Petroleo Brasileiro SA, the former chief executive of the state-run oil company said in an interview published on Sunday.

  • Calpine selling six power plants for $1.57B Friday, 18 Apr 2014 | 12:39 PM ET

    NEW YORK— Independent power producer Calpine said Friday will sell six power plants in the Southeast to LS Power for $1.57 billion.

  • NEW YORK/ HOUSTON, April 16- Serious crashes in the bustling Bay of Galveston have fallen to the lowest level in a decade even as more oil moves on U.S. waterways, official data show, suggesting that better training and equipment are helping avert spills like one in March.

  • SpaceX will try again Fri. to launch station cargo Wednesday, 16 Apr 2014 | 10:06 AM ET

    CAPE CANAVERAL, Fla.— SpaceX is shooting for another launch attempt Friday to deliver supplies to the International Space Station. NASA confirmed the launch date Wednesday, two days after a last-minute rocket leak delayed the mission. The prime computer has been working fine, but NASA wants to get a new backup installed outside the station as soon as possible.

  • Southern agrees to coal research with Chinese firm Tuesday, 15 Apr 2014 | 2:47 PM ET

    JACKSON, Miss.— Southern Co. says it has signed a deal with a state-owned Chinese coal and energy company to work together to develop coal technologies, based in part on the coal gasification and carbon capture technology that Southern subsidiary Mississippi Power Co. is deploying at the $5 billion Kemper County power plant.

  • Noble Energy CEO Charles Davidson to retire Tuesday, 15 Apr 2014 | 9:03 AM ET

    HOUSTON— Noble Energy CEO Charles Davidson is retiring in the fall after more than a decade leading the oil and gas producer. Stover, 56, joined Noble Energy in 2002. Before that, he worked at oil companies BP, Vastar Resources and Atlantic Richfield.

  • Helped by strong government support, plentiful labour and an abundant supply of raw materials like steel, China could become a major offshore oil equipment manufacturing hub in less than 10 years, industry executives say, just like Singapore and South Korea overtook the United States and Europe in the 1990 s.

  • Goodrich Petroleum rises after completing La. well Monday, 14 Apr 2014 | 3:38 PM ET

    NEW YORK— Shares of Goodrich Petroleum climbed Monday after the oil and gas company reported results from a new oil well in eastern Louisiana. The well is in the Tuscaloosa Marine Shale, which spans parts of Louisiana and western Mississippi. Goodrich Petroleum Corp. stock rose $5.11, or 27.8 percent, to $23.51 in afternoon trading.

  • LONDON, April 14- When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas trading operation to Singapore from Britain, it said the aim was to get closer to its customers. "Singapore has already attracted some people from Geneva," he added.

  • NEW YORK, April 11- U.S. crude oil rose to near a six-week high on Friday, steered by stronger gasoline demand and a positive consumer confidence report, but gains were capped by profit taking and a declining demand outlook.

  • US rig count up 13 to 1,831 Friday, 11 Apr 2014 | 1:46 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by 13 this week to 1,831.. Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.

  • CARACAS, April 10- Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels, according to preliminary data submitted to parliament by state oil company PDVSA. Asia received an average of 1.04 million barrels per day from Venezuela in 2013, up a fifth compared with the previous year.

  • April 10- Rite Aid Corp, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs.

  • April 10- Rite Aid Corp forecast 2015 earnings above analysts' estimate, after reporting a higher-than-expected quarterly profit due to strong pharmacy same-store sales, sending its shares up about 10 percent before the bell. Rite Aid estimated full-year earnings of 31- 42 cents per share and sales of $26 billion- $26.5 billion.

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