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The boom in new oil and natural gas flowing through U.S. pipelines is beginning to ripple through the wider American economy.
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NEW ORLEANS, April 5- A U.S. judge's ruling Friday against BP Plc means the company can proceed with its appeal of the way a court-appointed administrator apportions payments for claims related to the 2010 Gulf of Mexico oil spill, some of which BP called "absurd."
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NEW ORLEANS, April 5- A U.S. judge again upheld an agreement to pay individuals and businesses for claims related to BP Plc's 2010 Gulf of Mexico spill, as the oil company seeks to avoid the potential for escalating costs from the settlement it reached last year.
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The Saudi's investment in a Texas refinery's expansion is meant to ensure that it will retain an important market for its crude in the United States at a time when American politicians intend to wean the country off imported oil, The New York Times reports.
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*CME sounds out Chile as location for copper warehouses. LONDON/ NEW YORK, April 5- U.S. exchange operator CME Group is sounding out Chile as the location for a network of warehouses as its copper contract takes market share from the London Metal Exchange, sources familiar with the matter said.
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COLUMBUS, Ohio-- Several courts in Ohio are illegally jailing people because they are too poor to pay their debts and often deny defendants a hearing to determine if they're financially capable of paying what they owe, according to an investigation released Thursday by the Ohio chapter of the American Civil Liberties Union.
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LA PLATA, Argentina-- Argentine police and soldiers searched house to house, in creeks and culverts and even in trees for bodies on Thursday after floods killed at least 57 people in the province and city of Buenos Aires.
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BATON ROUGE, La.-- The governing board for Louisiana's property insurer of last resort didn't choose an alternate approach Wednesday to balance the company's books after a $100 million borrowing plan stalled at the state capitol.
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LONDON, April 3- Helicopter jet turbines that once flew for the U.S. military are on a final, earthbound mission- pumping gas on home soil as part of an assault on costs in the shale drilling industry.
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LAFAYETTE, La.-- Home health care provider LHC Group Inc. said Tuesday that it bought Infirmary Hospice Care of Alabama. It is based in Mobile, Ala., and serves Mobile and Baldwin counties. LHC Group, based in Lafayette, La., owns 34 hospice locations in 10 states.
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*Under new CEO, Sarepta focused on Duchenne muscular dystrophy drug. *Analysts expect company to relay FDA feedback in April. April 2- After three decades without bringing a drug to market, Sarepta Therapeutics Inc stands on the verge of a breakthrough with its treatment for a crippling genetic disorder that affects one in every 3,500 newborn boys.
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Chesapeake Lodging Trust bought the W New Orleans-French Quarter for $25.5 million from Starwood Hotels& Resorts Worldwide Inc., according to news releases Monday from both chains.
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Can unlocking abundant supplies of domestic energy create millions of new manufacturing jobs? The truth may fall short of this promise, the New York Times reports.
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*BP has called authorized payouts "absurd". April 1- The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how he determines damages claims. BP had last month urged U.S.
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BATON ROUGE, La.-- First-time claims for unemployment insurance in Louisiana for the week ending March 23, increased from the previous week's total. The state labor department figures released Monday show the initial claims climbed to 2,057 from the previous week's total of 1,889. Initial claims were below the comparable week a year earlier at 2,873..
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*BP has called authorized payouts "absurd". April 1- The administrator of BP Plc's settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company's lawsuit over how he determines damages claims. BP had last month urged U.S.
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NEW YORK-- Schlumberger Ltd., the world's biggest oilfield service company, said it is working out a new payment agreement with PDVSA, Venezuela's state-owned oil and gas company. Kibsgaard made the remarks at a speech at the Howard Well Conference in New Orleans, a transcription of which was filed with the Securities and Exchange Commission on March 18.
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March 30- Occidental Petroleum Corp chairman and former chief executive Ray Irani is pushing to replace the oil company's current CEO, Stephen Chazen, the Wall Street Journal reported on Saturday, citing "investors and people familiar with the company's operations."
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March 30- Occidental Petroleum Corp chairman and former chief executive Ray Irani is pushing to replace the oil company's current CEO, Stephen Chazen, the Wall Street Journal reported on Saturday, citing "investors and people familiar with the company's operations."
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Bobby Jindal will seek to boost Louisiana sales taxes even higher than previously discussed to help cover the costs of eliminating state income taxes, his office announced Thursday. Eliminating the income taxes would create a $3 billion hole.
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March 28- Pfizer Inc has failed to persuade a federal judge to dismiss a shareholder lawsuit accusing the company of fraudulently misrepresenting the safety of its Celebrex and Bextra pain-relieving drugs.