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  • Quanex beats 2Q profit forecasts Wednesday, 3 Jun 2015 | 7:10 AM ET

    HOUSTON _ Quanex Building Products Corp. on Wednesday reported fiscal second-quarter net income of $2.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • June 2- Movie theater chain Cinemark Holdings Inc said it had received formal inquiries from the U.S. Department of Justice related to an antitrust probe, a day after larger cinema operators Regal Entertainment Group and AMC Entertainment Holdings received similar notices. Houston- based Viva Cinema sued AMC Entertainment on April 20, saying AMC had coerced...

  • June 2- Chevron Corp has deployed robots on the seafloor near its Big Foot deepwater oil project, aiming to find just how much damage it must contend with after six giant tendons sank and indefinitely delayed the start of production at the platform. The site, 225 miles south of New Orleans in the U.S. Wells Fargo analyst Roger Read said on Tuesday the setback was "...

  • NCI Building reports 2Q loss Tuesday, 2 Jun 2015 | 4:16 PM ET

    HOUSTON _ NCI Building Systems Inc. on Tuesday reported a loss of $7.5 million in its fiscal second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. NCI Building shares have decreased 21 percent since the beginning of the year.

  • WASHINGTON— The FBI is operating a small air force with scores of low-flying planes across the country carrying video and, at times, cellphone surveillance technology— all hidden behind fictitious companies that are fronts for the government, The Associated Press has learned. The planes' surveillance equipment is generally used without a judge's approval,...

  • June 1- Bank of America Corp has hired Brad Hutchinson from Barclays Plc to co-head its Americas energy investment banking business alongside Oscar Brown, according to an internal memo seen by Reuters. Brown and Hutchinson worked together for over a decade at Lehman Brothers Holdings Inc and Barclays before Brown moved to Bank of America in 2010..

  • PITTSBURGH— Chevron Appalachia LLC has agreed to pay a nearly $940,000 fine levied by the state Department of Environmental Protection over a natural gas well explosion and fire that killed a contractor. Last month, Chevron agreed to pay $5 million to settle a wrongful death lawsuit filed by the family of the worker, Ian McKee, 27, of Morgantown, West Virginia.

  • NEW YORK— Pioneer Natural Resources Co. and India's Reliance Industries Ltd. have agreed to sell a pipeline and processing company to Enterprise Products Partners LP for $2.15 billion. Enterprise Products is a gas and oil pipeline company based in Houston. Pioneer Natural shares rose 22 cents to $148.05 in morning trading Monday, while shares of Enterprise...

  • The National Cancer Institute's NCI-MATCH trial will be a massive precision medicine experiment at more than 2,400 sites around the country. Douglas Lowy, the Cancer Institute's acting director. Details of the study were revealed Monday at an American Society of Clinical Oncology conference in Chicago.

  • *Croatia to sign oil, gas exploration licences in June/July. SALI, Croatia, June 1- When Croatia announced in 2013 it would set a tender to explore for oil and gas in its pristine Adriatic waters, the government evoked the hydrocarbon riches of Norway to win over the plan's many detractors. "If it's not dangerous for Norway or Scotland, it shouldn't be dangerous for us,"...

  • HARRISBURG, Pa., May 29- Chevron Corp. has paid a reported $5 million to settle a lawsuit filed last year by the parents of a worker who was burnt to death in a gas well fire in western Pennsylvania. Local media reported the $5 million settlement, saying it had been approved by a judge in Allegheny County Court of Common Pleas in Pittsburgh earlier this month.

  • US oil and natural gas rig count drops by 10 to 875 Friday, 29 May 2015 | 3:58 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 10 this week to 875.. Houston- based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost four rigs, California declined by three and Arkansas,...

  • NEW YORK, May 28- A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S. official said. On Thursday, the Energy Information Administration's Weekly Petroleum Status Report showed field production of crude oil rose by 304,000...

  • *Number of rigs in Marcellus has dropped- Baker Hughes. The U.S. Energy Information Administration says production in the fast-growing field in Pennsylvania and West Virginia is set to remain flat for the next few years before beginning a very slow decline primarily because of depressed gas prices. The number of rigs in the area has dwindled in recent months to...

  • From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider unaffordable rents, says a report by New York University's Furman Center, which studies real estate and urban policy, and bank Capital One, which is a leading affordable-housing lender and financed the research. The study analyzed U.S. Census Bureau data from...

  • Ocwen to cut 140 jobs at Houston Wednesday, 27 May 2015 | 4:59 PM ET

    May 27- Private mortgage servicer Ocwen Financial Corp said it will cut 140 jobs as part of its move to stop residential servicing operations in Houston. Ocwen has sold more than $90 billion of servicing rights since February, which includes $45 billion of mortgage servicing rights to JPMorgan Chase& Co's consumer and commercial banking unit.

  • Texas oil patches brace for more rains, possible floods Tuesday, 26 May 2015 | 12:44 PM ET

    HOUSTON, May 26- Texas oilfields could see strong rains and thunderstorms later this week, though they were spared the heaviest flooding that struck central and eastern Texas over the Memorial Day weekend, the National Weather Service said on Tuesday. There were reports of flooded roads in parts of the Permian Basin of west Texas and swollen creeks in the Eagle...

  • McDermott International shares rise on rig contract Tuesday, 26 May 2015 | 8:19 AM ET

    NEW YORK— Shares of McDermott International Inc. jumped in premarket trading Tuesday after the company said it was awarded a large offshore construction contract by oil and gas giant Saudi Aramco. The stock rose 39 cents, or 8.4 percent, to $5.06 before the opening of regular trading. The Houston- based engineering and construction company will work on twelve...

  • 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...