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  • NEW YORK, May 18- CME Group Inc said on Monday it would launch a zinc futures contract next month, stepping up a global battle for metals market share with the London Metal Exchange amid expanding Asian markets. The statement did not explain JPMorgan's role in the zinc contract. "We're pleased that CME Group has responded swiftly and decisively to industry...

  • LOS ANGELES, May 18- Nearly six million people with disabilities may benefit from new tax-free savings plans approved by Congress last year, but the accounts may not be as helpful or available as quickly as originally promised. After a decade of lobbying by disability advocates, Congress passed The Achieving a Better Life Experience Act in the final hour before...

  • May 17- The average price of a gallon of regular-grade gasoline in the United States rose 22 cents over the past three weeks to $2.82, according to a Lundberg survey released on Sunday. In California, the average price rose 53 cents over the past three weeks to $3.76 per gallon. Nationally, among the panel of U.S. cities included in the survey, the lowest price for a...

  • US gas prices rise 22 cents per gallon Sunday, 17 May 2015 | 2:42 PM ET

    CAMARILLO, Calif.— The average national price of a regular gallon of gasoline has jumped 22 cents in the past three weeks to $2.80. In a survey of cities in the Lower 48 states, Los Angeles had the highest-priced gasoline at $3.95 a gallon. The average price in California was up 53 cents to $3.76 a gallon.

  • WASHINGTON— For more than a decade, oil has been leaking into the Gulf of Mexico where a hurricane toppled a drilling company's platform off the coast of Louisiana. Taylor has tried to broker a deal with the government to resolve its financial obligations for the leak, but authorities have rebuffed those overtures and have ordered additional work by the company,...

  • MILWAUKEE— A Wisconsin woman says a Southwest Airlines flight attendant barred her from calling her husband after he sent her a suicidal text, and she's wondering if more could have been done to save his life. "I started shaking the minute I got the text and I was panicked, I didn't know what to do," she told WTMJ-TV for a story this week. "I go to sleep at night thinking what...

  • WASHINGTON— A decade-old oil leak where an offshore platform toppled during a hurricane could continue spilling crude into the Gulf of Mexico for a century or more if left unchecked, according to government estimates obtained by The Associated Press that provide new details about the scope of the problem. "There is still more that can be done by Taylor to...

  • US oil and natural gas rig count drops by 6 to 888 Friday, 15 May 2015 | 1:40 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by six this week to 888.. Houston- based Baker Hughes said Friday that 660 rigs were seeking oil and 223 explored for natural gas. Among major oil- and gas-producing states, Texas lost six rigs, Wyoming declined by two and Alaska, Arkansas,...

  • 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...

  • Drilling begins 3 miles from epicenter of BP oil spill Wednesday, 13 May 2015 | 6:08 PM ET

    NEW ORLEANS— Just 3 miles from the catastrophic BP spill in the Gulf of Mexico, a Louisiana company is seeking to unlock the same oil and natural gas that turned into a deadly disaster. "Now that five years have passed it seems that some of the emotions are less raw," said Pavel Molchanov, an energy analyst with the investment firm Raymond James in Houston.

  • LONDON, May 13- The London Metal Exchange has announced another change in its warehousing rules to force a faster reduction in the load-out queues that have caused so much controversy in the aluminum market. Its new regime of linking load-in to load-out rates, LILO for short, is now in force, albeit after a near one-year delay caused by a failed legal challenge from...

  • Amtrak train derailment in Philadelphia kills 5 people Tuesday, 12 May 2015 | 9:49 PM ET

    PHILADELPHIA— An Amtrak train headed to New York City derailed and tipped over in Philadelphia on Tuesday night, mangling the front of it, killing at least five people and injuring several more. Train 188, a Northeast Regional, had left Washington, D.C. The front of the train was going into a turn when it started to shake before coming to a sudden stop.

  • NEW ORLEANS— Deep-water drilling is set to resume near the site of the catastrophic BP PLC well blowout that killed 11 workers and caused the nation's largest offshore oil spill five years ago off the coast of Louisiana. A Louisiana- based oil company, LLOG Exploration Offshore LLC, plans to drill into the Macondo reservoir, according to federal records reviewed...

  • Nielsen's top programs for May 4-11 Tuesday, 12 May 2015 | 3:55 PM ET

    1. "The Big Bang Theory," CBS, 14.6 million. 2. "NCIS," CBS, 14.5 million. 3. "NCIS: New Orleans," CBS, 13.4 million.

  • NEW YORK— Another week, another audience win for CBS. The Nielsen ratings company handed CBS its 11th straight prime-time win in viewership last week, with 13 of the Top 20 programs. Longtime late-night star David Letterman notched a prime-time win of his own with a CBS retrospective looking back on his decades hosting the "Late Show" as he prepares to retire on May...

  • NEW ORLEANS— A federal appeals court has opened the door for BP to appeal some claims related to a settlement reached after the 2010 Gulf of Mexico oil spill. The 5th U.S. Circuit Court of Appeals in New Orleans ordered a lower court judge to change a procedure that effectively blocked appeals. The settlement agreement was hailed by all involved when it was signed,...

  • LONDON, May 11- Investors are stampeding back into the London zinc market. On the London Metal Exchange, three-month metal has soared from under $2,000 per tonne in mid-March to last week's highs above $2,400 per tonne. Spreads have tightened as shorts scramble to cover positions in the face of a dominant long position controlling somewhere between 40 and 50...

  • May 8- A U.S. federal appeals court on Friday said BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. The decision by the 5th U.S. Circuit Court of Appeals in New Orleans could help BP limit its payout to victims of the explosion of the Deepwater Horizon drilling...

  • May 6- U.S. fertilizer producer CF Industries reported lower first-quarter profit on Wednesday, with the drop reflecting a one-time gain a year ago from the sale of its phosphate business. Net earnings fell to $231 million or $4.79 per share from $708.5 million or $12.90 per share a year earlier. Net sales dipped 16 percent to $954 million, reflecting the sale of...

  • WILLISTON, N.D., May 6- Aiming to show the human side of North Dakota's oil industry, the Smithsonian Channel's "Boomtowners" chronicles the highs and lows of transplants to one of the nation's fastest-growing economies. Instead, "Boomtowners" tells the stories of some of the thousands of people who relocate to rural North Dakota for a fresh start in the oil boom,...