The Bay Area beat out South Florida, which lost its bid to stage an 11th Super Bowl VI when the state Legislature did not support financing to renovate Sun Life Stadium.» Read More
What are the all-time costliest hurricanes to have ever hit the U.S.? Here are the Top 10.
HONOLULU-- Tesoro Corp. said Monday it has agreed to sell its refining operations in Hawaii to Par Petroleum Corp. for $75 million plus the market value of its working capital. The deal expected to close in the third quarter comes after Tesoro told Hawaii state officials in May that it would lay off 165 workers at the Kapolei refinery.
CAPE CANAVERAL, Fla.-- NASA has eight new astronauts _ its first new batch in four years. In fact, four of the eight are women, the highest percentage of female astronaut candidates ever selected by NASA. They will report for duty in August at Johnson Space Center in Houston and join 49 astronauts currently at NASA.
*Market keeps an eye on standoff over Syria. At 0446 GMT, Brent was up 5 cents at $105.52 a barrel. U.S. oil added 5 cents to $97.82 after hitting a nine-month high near $99 a barrel in the previous session.
*Market keeps an eye on standoff over Syria. SINGAPORE, June 18- Brent crude futures were barely changed around $105, holding not far off their strongest level in 10 weeks on mounting tensions in the Middle East, as investors remain cautious ahead of a Federal Reserve meeting.
NEW YORK-- Moody's Investors Service on Monday cut Service Corp. International Inc.' s corporate family rating to "Ba3" from "Ba2," citing the additional debt the company will take on to finance its acquisition of rival Stewart Enterprises Inc.. Moody's also on Monday reduced Service Corp.' s probability of default rating to "Ba3" from "Ba2."
NEW YORK-- Shares of Carrizo Oil& Gas Inc. rose Monday after the company boosted second-quarter oil production guidance. THE BIG PICTURE: The Houston- based company said results in the Eagle Ford Shale have been better-than-expected, with oil production averaging roughly 9,500 barrels per day through the first two months of the quarter.
HOUSTON-- Natural Resource Partners LP said Monday that it reached a deal to buy non-operated working interests in producing oil and gas properties in North Dakota and Montana from Abraxas Petroleum Corp. for about $35.3 million in cash. Natural Resource Partners units closed at $22.50 on Friday, and have traded between $16.90 and $24.37 in the past 52 weeks.
NEW YORK-- Magnum Hunter Resources Corp.' s stock climbed Friday after the oil and gas producer's fiscal fourth-quarter adjusted earnings surprised Wall Street and revenue beat estimates. THE SPARK: Magnum reported adjusted earnings of 5 cents per share on revenue of $83.7 million for the three months ended Dec. 31.
According to a letter obtained by The Associated Press, FEMA said it reviewed the state's appeal to help but decided that the explosion "is not of the severity and magnitude that warrants a major disaster declaration."
Enbridge expects to make the filing before the end of June. It said Midcoast will own 40 percent of Enbridge's natural gas and liquid natural gas midstream business. Enbridge said Midcoast will likely sell a majority of its limited partner units and expects to raise $400 million to $500 million in gross proceeds.
THE SPARK: Spectra said the move will allow it to increase its dividend and to boost Spectra Energy Partners LP's quarterly distribution rate. Meanwhile, Spectra Energy Partners plans to increase its quarterly distribution rate by 0.25 cent, to 1 cent. Spectra Energy Partners rose $1.83, or 5.1 percent, to $39.08.
*Encana shares fall 0.9 pct in down market. CALGARY/ HOUSTON, June 11- Encana Corp named former BP Plc executive Doug Suttles, who played a major role in responding to BP's disastrous 2010 Gulf oil spill, as its new chief executive on Tuesday as Canada's largest natural-gas producer searches for a new course following years of strategic missteps.
Brent crude oil settled 61 cents lower at $103.95 per barrel, after climbing to $104.76 earlier and trading as low as $103.66. U.S. oil ended the day 26 cents lower at $95.77 per barrel, after trading between $95.19 and $96.25. "The first half of this year's demand has been disappointing," said Vikas Dwivedi, energy strategist with Macquarie Group in Houston, Texas. "
HOUSTON-- Quanex Building Products Corp.' s shares fell Friday after the housing materials maker reported a larger fiscal second-quarter loss than the market expected. The company lost $7.3 million, or 20 cents per share, for the period that ended April 30. That compares with a loss of $12.3 million, or 34 cents per share, a year ago.
HOUSTON/ NEW YORK, June 6- Devon Energy Corp's latest bid to revive interest in its stock may take a page out of the activist investors' playbook, but Wall Street continues to look elsewhere for returns in the energy patch. The Oklahoma City- based company said on Thursday it would transfer some assets into a publicly traded master limited partnership.
HOUSTON-- Houston Fire Chief Terry Garrison saluted an honor guard member, received from him an American flag and a return salute, then turned on his heels and knelt before grieving relatives of a firefighter killed on the job.
CIUDAD DEL CARMEN, Mexico, June 5- The vast Ku Maloob Zaap oil field is the jewel in the crown of Mexico's oil industry, pumping one in every three barrels of crude the country produces, at some of the lowest costs in the world.
June 2- The widely used Roche Holding AG cancer drug Avastin failed to prolong survival when added to chemo-radiation therapy for glioblastoma- a fast-growing type of brain tumor- according to data presented on Sunday.
HOUSTON, May 31- Kinder Morgan Energy Partners LP shelved a $2 billion plan to convert a natural gas pipeline to carry cheap West Texas crude to Southern California, citing lack of shipper interest. "We don't believe in the concept of build it and they will come," Mark Kissel, a Kinder Morgan executive, said on Friday. "