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  • Halliburton pounces on Baker Hughes Monday, 17 Nov 2014 | 7:15 AM ET

    NEW YORK— In a deal that shows just how quickly falling prices can upend the energy industry, Halliburton is buying rival oilfield services company Baker Hughes for cash and stock worth $34.6 billion. That has forced the industry to cut costs by delaying or scaling back drilling— which means less work for Halliburton and Baker Hughes, companies that manage oil...

  • HOUSTON, Nov 16- Investigators from the U.S. Chemical Safety Board were headed on Sunday to a DuPont and Co plant in LaPorte, Texas, to begin a probe of a chemical leak that killed four workers. Two of the dead workers were identified as brothers Robert and Gilbert Tisnado, according to Houston television station KTRK. A fifth worker was taken to an area hospital and...

  • BUSINESS-NEWS-SCHEDULE AT 2200 GMT / 5 PM ET Sunday, 16 Nov 2014 | 4:46 PM ET

    WASHINGTON- President Barack Obama defends the transparency of his signature healthcare law after a White House adviser on the reform said the law passed, in part, because of the "stupidity" of American voters. ALLERGAN, ACTAVIS NEAR DEAL, ANNOUNCEMENT AS EARLY AS MONDAY. NEW YORK- Allergan nears a deal to merge with Actavis Plc, with an announcement coming as soon as...

  • Cause of deadly leak at Texas plant still unknown Sunday, 16 Nov 2014 | 3:44 PM ET

    LA PORTE, Texas— DuPont officials said Sunday it's still not clear what caused a toxic chemical to leak from a valve at a suburban Houston plant, killing four workers and injuring a fifth. Company spokesman Aaron Woods said DuPont is investigating the cause of the leak of methyl mercaptan at a plant in La Porte. A team from the U.S. Chemical Safety Board, an...

  • HOUSTON, Nov 16- Investigators from the U.S. Chemical Safety Board were headed on Sunday to a DuPont and Co plant in LaPorte, Texas, to begin a probe of a chemical leak that killed four workers. Two of the dead workers were identified as brothers Robert and Gilbert Tisnado, according to Houston television station KTRK. A DuPont representative was not immediately...

  • Trouble already? Obamacare costs to surge in '15 Saturday, 15 Nov 2014 | 4:58 PM ET
    A woman speaks with a health insurance agent regarding the Affordable Care Act.

    Although consumers will often be able to find new health plans with prices comparable to those they now pay, the situation varies from state to state.

  • Protesters hope rally will help kill pipeline plan Saturday, 15 Nov 2014 | 12:30 AM ET

    FITCHBURG, Mass.— Several hundred people packed a high school auditorium Saturday to rally against a proposed pipeline that would carry high-pressure natural gas across northern Massachusetts. Protesters from Massachusetts, New Hampshire and New York staged the "Stop the Pipeline Statewide Summit" at Montachusett Regional Vocational Technical School in...

  • Baker Hughes: Halliburton aims to replace board Friday, 14 Nov 2014 | 10:07 PM ET

    HOUSTON— Oilfield-services company Baker Hughes Inc. said Friday that rival Halliburton Co. plans to nominate candidates to replace the entire board of directors of Baker Hughes after negotiations about a possible acquisition stalled. Baker Hughes said that Halliburton has refused to raise its first and only offer to buy it, which the Baker Hughes board...

  • NEW YORK, Nov 14- Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies bet on a protracted drop in oil prices, industry bankers said. The Baker Hughes/ Halliburton talks have stalled after the companies weren't able to agree on issues including...

  • Spirit Airlines seeks to add 10 stops from Houston Friday, 14 Nov 2014 | 6:11 PM ET

    HOUSTON— Spirit Airlines Inc. said Friday it plans to add 10 new routes from Houston next year, which would nearly double its destinations from Bush Intercontinental Airport. Spirit is seeking foreign government approval to begin flights in May to Cancun, Los Cabos and Mexico City; Managua, Nicaragua; San Jose, Costa Rica; San Pedro Sula, Honduras; and San Salvador,...

  • New York strippers win $10 million in back wages Friday, 14 Nov 2014 | 5:15 PM ET

    NEW YORK— Dancers at a strip club are due more than $10 million in back wages and tips, a federal judge ruled Friday after the dancers sued to be paid at least a minimum wage. "We are very happy with the court's ruling," said the dancers' Minneapolis- based lawyer, E. Michelle Drake. The club's owner, Houston- based RCI Hospitality Holdings Inc., said it planned to appeal and...

  • NEW YORK, Nov 14- Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply. Brent remains below $80 a barrel, compared with a June high above $115. "The market was so...

  • US rig count up 3 to 1,928 Friday, 14 Nov 2014 | 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. rose by three this week to 1,928.. Alaska, California, Louisiana, Utah, West Virginia and Wyoming each gained one. Texas declined by four, Pennsylvania was down three and Kansas and Oklahoma dropped one apiece.

  • Nov 14- The proposed merger of oilfield service companies Halliburton Co and Baker Hughes Inc would create a serious challenger to Schlumberger NV in international markets and cement the two companies' dominance in North America. A combined Halliburton-Baker Hughes would have combined revenue of about $52 billion, based on 2013 results, outstripping...

  • Nov 13- Oilfield services provider Halliburton Co and rival Baker Hughes Inc are in preliminary talks on a potential merger, Baker Hughes said in a statement on Thursday. The statement said the discussions "may or may not lead to any transaction" but two people familiar with the matter said Halliburton was in talks to buy Baker Hughes. "Baker Hughes Incorporated...

  • Nov 13- Oilfield services provider Halliburton Co is in talks to buy rival Baker Hughes Inc, a person familiar with the matter said on Thursday, but any potential deal could run into antitrust concerns. Officials at Baker Hughes and Halliburton, both based in Houston, declined to comment on the talks, which were first reported by Dow Jones and in The Wall Street...

  • Baker Hughes says in deal talks with Halliburton Thursday, 13 Nov 2014 | 4:43 PM ET

    HOUSTON— Oilfield-services provider Baker Hughes Inc. said Thursday it is talks with rival Halliburton Co. about a potential merger. It came after The Wall Street Journal reported that Halliburton was in talks to buy Baker Hughes. Combined, Halliburton and Baker Hughes would be slightly larger by revenue than Schlumberger, and hold an even larger advantage...

  • *Brent hits Sept 2010 low below $78, US crude below $75. The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27. Brent settled down $2.46, or 3.1 percent, at $77.92 a barrel, after plumbing a...

  • The U.S. government's Energy Information Administration said stocks at the Cushing, Oklahoma, delivery hub for U.S. crude rose 1.7 million barrels for the week ended Nov. 7, while gasoline stocks surged 1.8 million barrels. Even with decent numbers like these, the market can't rally, "said Kyle Cooper, managing director at IAF Advisors in Houston.

  • Vertex Energy posts 3Q loss Thursday, 13 Nov 2014 | 10:39 AM ET

    HOUSTON _ Vertex Energy Inc. on Thursday reported a loss of $1.9 million, or 8 cents per share, in its third quarter. The company, based in Houston, posted revenue of $76.9 million in the period. Vertex Energy shares have climbed 62 percent since the beginning of the year.