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  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...

  • NEW YORK, July 1- U.S. crude oil inventories rose last week for the first time since April, while gasoline stocks decreased unexpectedly, data from the Energy Information Administration showed on Wednesday. "The crude build was definitely a surprise as was the Cushing build," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New York.

  • NEW YORK— A salon app creator knew exactly who she wanted to help her business. Kathleen Jennings' BeautyNow app, created in 2013, helps book appointments for blowouts, manicures and massages. Jennings was based in Houston and signing up salons and spas in Texas.

  • NEW YORK— European regulators have cleared Siemens' $7.6 billion acquisition of the U.S. oilfield equipment maker Dresser-Rand. Siemens AG has agreed to pay $83 per common share of Dresser-Rand, which has a market capitalization of $6.12 billion. Dresser-Rand Group Inc., based in Houston and Paris, has annual revenue of around $3 billion and employs about 8,100...

  • Swedish woman's Wall Street dream led to $850M lawsuit Sunday, 28 Jun 2015 | 11:26 AM ET

    NEW YORK— She was a young woman from a tiny Swedish town who aspired to work on Wall Street. He was a married man from China who owned a Manhattan investment consulting firm. A jury is deciding the fate of a lawsuit in which 25- year-old Hanna Bouveng claims Benjamin Wey, chief executive officer of New York Global Group, degraded her sexually and then ruined her...

  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • LOS ANGELES— A petroleum pipeline company said Friday that oil from a Santa Barbara, California, spill spread more than 100 miles to Los Angeles County beaches. Plains All American Pipeline said that oil from its pipeline was found as far away as Redondo Beach. The Houston- based company and state officials said earlier in the week that oil from the May 19 spill had...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 859, the first weekly gain since December. Houston- based Baker Hughes said Friday 628 rigs were seeking oil and 228 explored for natural gas. Alaska, Arkansas, California, Colorado, Kansas, Oklahoma, Pennsylvania,...

  • At 4:35 a.m. each weekday, Stan Paul drives out of his Southern California suburb with 10 passengers in a van, headed to his job as an undergraduate counselor at the University of California, Los Angeles. On the return trip, Los Angeles' infamously snarled traffic often stretches their afternoon commute to three hours. "If we don't change, in 2045, the...

  • RALEIGH, N.C.— Like many fast-growing parts of the country, North Carolina's Triangle region is trying to avoid being strangled by its own success: Traffic is thickening, drivers are getting stuck in it and there's no simple solution in sight. The population of the three counties that include Raleigh, Durham and Chapel Hill is forecast to grow by more than 40...

  • LOS ANGELES— Fewer of tomorrow's freeways will be free. In exchange, drivers willing and able to pay will avoid the traffic congestion that bedevils everyone else. Perhaps the most ambitious highway-conversion plan is in the San Francisco Bay Area, where hills and the namesake body of water are natural barriers to mobility.

  • SACRAMENTO, Calif.— Travelers easily whiz from city to city on high-speed trains in many parts of South America, Asia and Europe. Since the first high-speed lines began operating more than 50 years ago in Japan, they have become an essential part of transportation worldwide. "The challenge in America is the scale of America," said Robert Eckels, chief executive of the...

  • The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. The possible solutions are many, but none is easy or cheap. The nation's driving capital, Los Angeles, is making a multibillion-dollar investment in building or extending five rail lines.

  • June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected jump in quarterly profit as it sold more homes at higher prices across the United States, especially in the West and Southeast Florida markets. Homebuilders Meritage Homes Corp, KB Home, PulteGroup Inc, D.R. Horton Inc and many of the sector's other stocks were trading 1-3...

  • Board urged to adopt buffers between homes, oil drilling Wednesday, 24 Jun 2015 | 5:50 AM ET

    BILLINGS, Mont.— Farmers and environmentalists urged Montana regulators on Wednesday to establish buffer zones around homes to protect them from oil and gas drilling. North Dakota, Wyoming and Colorado require companies to keep drilling activities at least 500 feet from occupied dwellings. Montana has no such rule.

  • NEW YORK— A court on Tuesday temporarily blocked Sysco from buying US Foods, a deal opposed by regulators who say it would reduce competition between food supply companies. Sysco announced its plan to buy US Foods, which is based in Rosemont, Illinois, in December 2013 but the companies need the FTC's approval to close the deal. The agency noted Sysco and US Foods are...

  • U.S. industrial natural gas usage falls unexpectedly Friday, 19 Jun 2015 | 4:19 PM ET

    June 19- U.S. manufacturers have not soaked up as much excess shale gas in the first half of 2015 as expected, but the shortfall may be an anomaly as a Gulf Coast manufacturing boom is poised to insulate the sector from seasonal demand fluctuations. "The industrial sector has become more temperature-sensitive over the years, so it's not surprising industrial...

  • US oil and natural gas rig count drops by 2 to 857 Friday, 19 Jun 2015 | 3:03 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 two this week to 857.. Houston- based Baker Hughes said Friday 631 rigs were seeking oil and 223 explored for natural gas. Arkansas, California, Colorado, Kansas, Texas and West Virginia were unchanged.

  • With its new nonstop flights between Tokyo and Houston, Japan's All Nippon Airways now serves 10 cities in North America, and the CEO says he is looking for more destinations in the U.S. heartland. All Nippon, or ANA for short, was drawn to Houston by the large number of connecting flights there to Latin America on partner United Airlines. Q. Why did you decide to fly to...

  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...