In today's Lunch Break TV, security cameras record a suspected carjacker driving into a gasoline pump, setting it afire.» Read More
NEW YORK, Nov 11- U.S. retailers have little room for error in the fast-approaching and shortened holiday shopping season, a period that typically generates 30 percent of annual sales.
NEW YORK, Nov 7- Francis Dunleavy, who ran the JPMorgan Chase& Co energy desk in Houston that was accused of manipulating the U.S. power market earlier this year, has retired from the bank after a career of more than 30 years, a spokesman said. He left on Oct. 17, the JPMorgan spokesman said.
*Equatorial Guinea pushing new gas supply deals across Africa. *BG currently selling Equatorial Guinea's LNG in Asia. ABIDJAN, Nov 7- Equatorial Guinea may seek to revise some aspects of a controversial deal with BG Group as it moves to export more gas to Africa, its oil minister said.
HOUSTON, Nov 6- Power companies operating in competitive U.S. power markets are struggling to make money under rules and regulations that were not designed for the rapidly changing electricity landscape, a top power company executive said on Wednesday.
*Energy Transfer, Enbridge Inc end partnership in Gulf access project. *Energy Transfer aims to move volumes from Enbridge and others. HOUSTON, Nov 6- Energy Transfer Partners LP shelved a new Louisiana- only leg of its Eastern Gulf Crude Access pipeline project over lack of shipper interest, Chief Operating Officer Marshall McCrea told analysts on Wednesday.
HOUSTON/ CARACAS, Nov 4- Venezuela is in the process of seizing oil equipment owned by Houston- based Superior Energy Services, a company spokesman said on Monday, after state-run PDVSA failed to pay debts owed to the U.S. company. In recent years, Venezuela has seized assets of contractors after they halted work to demand PDVSA pay past due bills.
NEW YORK, Nov 4- Bank of America Corp has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc..
*Expects about $9 bln from asset sales in Kazakhstan, Algeria, Nigeria. Oct 31- ConocoPhillips, abandoning higher-risk assets in favor of oilfields closer to home, said it expects proceeds of nearly $9 billion from the sale of its interests in Kazakhstan, Algeria and Nigeria.
*Ethanol business reports operating income vs loss year earlier. Oct 29- Valero Energy Corp's third-quarter profit beat analysts' estimates by a wide margin as the U.S. Gulf Coast refiner processed more crude oil and sold more ethanol at a higher price.
*Anadarko to drill 2 deepwater wells in New Zealand. WELLINGTON, Oct 25- New Zealand is hoping the first deepwater wells to be drilled in the country in nearly 15 years will reignite interest in its offshore oil and gas basins, mostly ignored since some early discoveries in the 1970 s.
Oct 24- RR Donnelley& Sons Co said it will buy Consolidated Graphics Inc for about $620 million in a cash-and-stock deal, to expand its footprint in the commercial printing market. As per the deal, Consolidated Graphics shareholders will receive $34.44 in cash and 1.651 of RR Donnelley shares for each outstanding share of Consolidated Graphics they own.
"There's a lot of people in Silicon Valley who became millionaires because they were in the right place at the right time and worked for a company that handed out stock options," said Paul Hodgson of BHJ Partners, a governance consultancy.
NEW YORK, Oct 22- JPMorgan Chase& Co is nearing an agreement worth close to $6 billion with a group of institutional investors to settle claims over shoddy mortgage-backed securities issued in the run-up to the financial crisis, a source familiar with the talks said.
HOUSTON/ NEW YORK Oct 21- Devon Energy Corp said on Monday it would combine most of its U.S. pipeline and processing businesses with those owned by Crosstex Energy Inc and Crosstex Energy LP to form a new midstream company.
NEW YORK, Oct 21- A U.S. judge has thrown out a lawsuit accusing Germany's Siemens AG of funneling kickbacks to Chinese and North Korean hospital officials, narrowing the ability of plaintiffs to use U.S. courts to sue over conduct outside the country.
Oct 21- Devon Energy Corp said on Monday it would combine most of its U.S. pipeline and processing businesses with those owned by Crosstex Energy Inc and Crosstex Energy LP to form a new midstream partnership.
*Middle East and Asia drive international demand. Oct 18- Steadily growing drilling activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to quarterly profits at oil services companies Schlumberger Ltd and Baker Hughes Inc, marking a clear divide with struggling smaller U.S. competitors.
*Middle East, Asia Pacific revenue up 10 pct. Oct 18- Baker Hughes Inc, the world's third-largest oilfield services company, reported a better-than-expected quarterly profit, driven by strong drilling activity in the Middle East and Asia Pacific.
A federal district judge agreed with SIPC's position in July 2012, and tossed out the SEC's lawsuit. Two of the judges on the panel put lawyers representing the SEC and SIPC through a series of rigorous and difficult questions, often playing devil's advocate with each side.
Oct 16- Shares of Plains GP Holdings LP, the holding company for pipeline operator Plains All American Pipeline LP, rose 5 percent in their market debut, valuing the company at about $14 billion.