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  • *Lawmakers call for stronger FDA role. *Supreme Court may have to settle legal questions. Democratic lawmakers said the new crisis showed it was time for Congress to strengthen the FDA's hand in overseeing this side of the drug industry.

  • U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.

  • *Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp is buying BP Plc's Texas City refinery, the site of a deadly industrial accident, in a $2.5 billion deal that will make it the No. 4 U.S. refiner with a bigger potential slice of lucrative exports.

  • Oct 8- Eli Lilly and Co said its experimental Alzheimer's drug led to a 34 percent reduction in memory decline for patients with mild symptoms over a period of 18 months, giving it potential ammunition to seek approval for the medicine that showed no benefit in more advanced stages of the disease.

  • Texas Senators analyze virtual learning statewide Monday, 8 Oct 2012 | 4:19 PM ET

    AUSTIN, Texas-- Education leaders in the Texas Senate are holding a hearing on the growing demand for virtual learning statewide. Leticia Van de Putte of San Antonio will serve as acting chairwoman for Monday's hearing, which will include testimony on successful virtual learning programs and analyzing what hinders those not working so well.

  • Oct 8- Eli Lilly and Co said its experimental Alzheimer's drug led to a 34 percent reduction in memory decline for patients with mild symptoms over a period of 18 months, giving it potential ammunition to seek approval for the medicine that showed no benefit in more advanced stages of the disease.

  • *Marathon to purchase refinery for $598 million. HOUSTON, Oct 8- Marathon Petroleum Corp struck a deal to buy BP Plc's Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that will make Marathon the fourth-largest U.S. refiner and give it a bigger potential slice of the market for refined product exports.

  • HOUSTON, Oct 5- The unprecedented surge in California's wholesale gasoline market this week has many hallmarks of a classic short squeeze, traders said on Friday, evoking a once common ploy in unregulated oil markets.

  • HOUSTON, Oct 5- The unprecedented surge in California's wholesale gasoline market this week has many hallmarks of a classic short squeeze, traders said on Friday, evoking a once common ploy in unregulated oil markets.

  • HOUSTON, Oct 5- Chesapeake Energy Corp said on Friday it has reached a settlement with the U.S. Department of Justice to resolve alleged violations of the federal Clean Water Act. As part of the deal that still requires court approval, the Oklahoma City, Oklahoma, company will pay a $600,000 fine.

  • SAN FRANCISCO/ LOS ANGELES, Oct 5- An unprecedented spike in California gasoline prices showed signs of easing on Friday, with some supply-stricken service stations preparing to reopen and retail rates poised to ease after topping $5 a gallon in many places.

  • Ark. property owners sue over drilling waste wells Friday, 5 Oct 2012 | 3:59 PM ET

    LITTLE ROCK, Ark.-- A group of residents in Independence and Faulkner counties are suing three natural gas drilling companies, claiming that waste fluids are improperly being pumped underneath land the companies don't own or lease. Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August.

  • Property owners sue over gas drilling waste wells Friday, 5 Oct 2012 | 3:48 PM ET

    Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August. Southwestern Energy filed a motion to dismiss the original suit, arguing the plaintiffs didn't show they had a claim.

  • By Braden Reddall and Nichola Groom. SAN FRANCISCO/ LOS ANGELES, Oct 5- Californians awoke on Friday to yet another unprecedented spike in the price of gasoline that brought the one-week increase in the Golden State to a whopping 36 cents a gallon. "It's insane," said Matt Hurd, 35, as he filled up at a San Francisco gas station near the Bay Bridge. "

  • US drops 11 to 1,837 rigs exploring for oil, gas Friday, 5 Oct 2012 | 1:34 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,398 rigs were exploring for oil and 437 were searching for gas. Of the major oil- and gas-producing states, Texas lost 10 rigs, Louisiana and North Dakota each dropped by three and Alaska and Oklahoma were down two apiece.

  • --Houston- based McJunkin Red Man Corp. is seeking to issue a $750 million term loan due 2019 and plans to use proceeds to refinance existing debt. Rating Action On Oct. 5, 2012, Standard& Poor's Rating Services revised its rating outlook on McJunkin Red Man Corp. to positive from stable and affirmed the' B+' corporate credit rating on the company.

  • Daryl Hannah arrested in Texas protesting pipeline Friday, 5 Oct 2012 | 9:22 AM ET

    HOUSTON-- Actress Daryl Hannah of "Splash" fame was arrested in northeast Texas on Thursday, along with a 78- year-old landowner as the pair protested an oil pipeline designed to bring crude from Canada to the Gulf Coast.

  • AP Exclusive: Wyo. Range gas lease buyout planned Friday, 5 Oct 2012 | 9:08 AM ET

    CHEYENNE, Wyo.-- A land conservation group has reached a long-sought agreement with a petroleum company to prevent a controversial gas drilling project inside a national forest by buying out a vast area of federal oil and gas leases in northwest Wyoming.

  • LONDON, Oct 5- The booming business of transporting Bakken crude has thrown a lifeline to U.S. railroads, at a time when shipments of coal, their main commodity by volume, have fallen sharply. Coal accounted for just over 43 percent of rail car loadings by weight, and 25 percent of gross revenues, last year according to the Association of American Railroads.

  • Astros let radio broadcast team go Friday, 5 Oct 2012 | 12:18 AM ET

    HOUSTON-- The Houston Astros say they'll have a new radio broadcast team next season. In a statement issued Thursday, the Astros say they've begun a search for a successor to veteran broadcaster Milo Hamilton, who announced that 2012 would be his last season as lead play-by-play announcer.