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  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • *Coming up: Baker Hughes rig count at 1700 GMT. 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. U.S. crude was down 95 cents at $59.77 a barrel by 11:45 a.m. EDT.

  • HOUSTON— Vanguard Natural Resources LLC will acquire Eagle Rock Energy Partners LP in a $474 million deal. Vanguard Natural Resources will also assume $140 million of debt from Eagle Rock Energy Partners, which will become a wholly-owned indirect subsidiary. The company has operations in Texas, Wyoming, Arkansas, Oklahoma, New Mexico, Montana, Colorado,...

  • WASHINGTON, May 21- The U.S. Federal Reserve did an about-face on Thursday and proposed allowing banks to count certain municipal bonds as liquid assets in order to comply with new rules designed to ensure banks can survive a cash crunch. The rule change will not apply only to banks regulated by the Federal Reserve that have $250 billion or more in total...

  • Bristow misses 4Q profit forecasts Wednesday, 20 May 2015 | 5:24 PM ET

    HOUSTON _ Bristow Group Inc. on Wednesday reported fiscal fourth-quarter earnings of $15.1 million. The Houston- based company said it had profit of 43 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.

  • TIMELINE-Takata air bag recalls since 2008 Wednesday, 20 May 2015 | 2:24 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • Man who caught listeria-related meningitis sues Blue Bell Wednesday, 20 May 2015 | 10:14 AM ET

    AUSTIN, Texas— A man is suing Blue Bell, saying he contracted listeria-related meningitis after eating ice cream produced by the company. David Philip Shockley seeks unspecified damages in the negligence lawsuit filed Tuesday in Austin. The lawsuit says Shockley was hospitalized with respiratory failure and septic shock in October 2013 after eating Blue...

  • RICHMOND, Texas— Four-year-old William Cole saw his father's face and reached out to touch it during a jail visit. The facility in Fort Bend County, southwest of Houston, is among a growing number of jails and prison systems across the U.S. in which video visitation has replaced the more familiar in-person visits, where people are in the same room but separated by...

  • HOUSTON, May 20- U.S. oil companies, still smarting from the crude price rout, are attracting a wave of new investment from unlikely sources- hedge funds and private equity firms flocking to the energy market for the first time to bet on a rebound. "You've got generalist funds that have never invested in energy coming out of the woodwork," Michael Ames, an energy...

  • RPT-TIMELINE-Takata air bag recalls Tuesday, 19 May 2015 | 7:16 PM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. 2011: April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • KUALA LUMPUR, May 18- Tokyo Gas Co Ltd, Japan's biggest gas utility, is looking to invest in more U.S. shale gas production as a hedge to liquefied natural gas imports from the United States to start next year, a company executive said on Monday. The company has inked contracts to buy 1.9 million tonnes per year of LNG from U.S. producers and aims to invest in an equal...

  • WASHINGTON, May 15- When Republican Stefanie Linares ran for office in the deeply Democratic city of Chicago last year, she knew that her hard work wasn't likely to end in victory. The 31- year-old Hispanic lawyer lost her bid for the Illinois state Senate by a whopping margin. The Republican party fielded eight state legislature candidates in Chicago last year,...

  • NEW YORK, May 14- After 20 years in the oil business, Craig Reed, 62, is thinking about winding down his career just as a second downturn in six years rocks the industry. For him, it is maybe two more projects and then retirement beckons, with a holiday home in Maine that needs work. Industry data show energy firms have cut at least 125,000 jobs worldwide since crude...

  • Why Ted Cruz is wowing some of Wall Street's money-men Thursday, 14 May 2015 | 1:00 AM ET

    NEW YORK, May 14- Presidential candidate Ted Cruz, a Tea Party favorite and leading figure in the 2013 government shutdown that rattled investors, isn't the kind of politician who usually wins a lot of friends among Wall Street campaign donors. Despite the uncompromising rhetoric, Cruz is winning praise from some potential Wall Street donors, including bankers...

  • HOUSTON, May 13- LLOG Exploration, a privately-held oil and gas company focused on deepwater in the Gulf of Mexico, plans to drill a well into the block near where BP Plc's Macondo well ruptured in 2010, causing the worst offshore oil spill in U.S. history. LLOG Exploration, which has backers including Blackstone Energy Partners, received approval to drill a well in...

  • May 13- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Houston- based Schlumberger also said last month that it plans to cut another 11,000 jobs, bringing the total job cuts...

  • TIMELINE-Takata air bag recalls Wednesday, 13 May 2015 | 3:31 AM ET

    Honda and Takata deny fault and settle for an undisclosed sum. Her family sues Honda and Takata for more than $75 million in April 2011, claiming they knew of the air bag problems as early as 2004. Honda and Takata settle in January 2013 for $3 million, according to court documents. April 27- Honda recalls 896,000 Honda and Acura 2001-03 cars in order to find...

  • *Saudi air offensive in Yemen feeds concern over Mideast crude. NEW YORK, May 12- Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth. Violence in Yemen also boosted crude prices, raising concerns over the security of Middle East...

  • UPDATE 9-Oil up about 3 pct; volatility threatens Tuesday, 12 May 2015 | 1:12 PM ET

    NEW YORK, May 12- Oil prices jumped about 3 percent on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth. Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies. Saudi-led air strikes aimed at Iran- allied Houthis hit on a...

  • NEW YORK, May 12- Oil prices jumped on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth. Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies. Saudi-led air strikes aimed at Iran- allied Houthis hit on a rocket base in...