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  • AutoNation halts sales of cars in air bag recalls Tuesday, 28 Oct 2014 | 3:08 PM ET

    The recalls are giving the auto industry a black eye because they are "confusing and incoherent," AutoNation CEO Mike Jackson said Tuesday in an interview. Dozens of models made by BMW, Chrysler, Ford, General Motors, Mazda, Honda, Mitsubishi, Nissan, Subaru and Toyota dating to the 2001 model year are covered by the recalls. AutoNation, a 277- franchise chain that's in...

  • Oct 27- A U.S. judge on Monday slashed a $9 billion punitive damages award to $36.8 million against Takeda Pharmaceutical Co and Eli Lilly& Co over their Actos diabetes drug. District Judge Rebecca Doherty in Louisiana in a court filing granted a motion from the drugmakers to reduce the $9 billion in combined punitive damages awarded earlier this year.

  • What you need to know about massive air bag recall Friday, 24 Oct 2014 | 4:51 PM ET

    So far, more than 12 million vehicles worldwide with air bags made by Japanese parts supplier Takata Corp. have been recalled for the problem. There have been recalls in Japan, Europe, China and other areas. A: Chemicals that quickly inflate air bags during a crash are exploding with too much force in Takata air bags made from 2001 to 2011. This blows apart metal...

  • US rig count up 9 to 1,927 Friday, 24 Oct 2014 | 3:18 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 nine this week to 1,927.. Of the major oil- and gas-producing states, Texas gained eight rigs, New Mexico increased five, West Virginia was up three, while Arkansas, California and Ohio gained two apiece. Kansas declined by four,...

  • US Chamber on sidelines in close Georgia race Friday, 24 Oct 2014 | 1:11 PM ET

    WASHINGTON— The most powerful business group in the country is spending tens of millions of dollars to help Republicans win control of the Senate with one glaring omission— the tight Georgia Senate race. Rob Engstrom, political director for the U.S. Chamber of Commerce, said Friday that the organization will stay on the sidelines in the contest between...

  • Groups have concerns with 3 Entergy nukes Friday, 24 Oct 2014 | 12:24 PM ET

    MONTPELIER, Vt.— Nuclear watchdog groups said Friday that Entergy Corp. is trying to cut costs at reactors it owns in Vermont, Massachusetts and New York, and may be placing safety in jeopardy as a result. The alliance, Massachusetts- based Pilgrim Watch, and the Citizens Awareness Network, which has affiliates in Massachusetts and Vermont, filed emergency...

  • Albemarle beats Street 3Q forecasts Wednesday, 22 Oct 2014 | 5:18 PM ET

    BATON ROUGE, La. _ Albemarle Corp. on Wednesday reported third-quarter net income of $72.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Analysts expected $603.8 million, according to Zacks.

  • Correction: Air Bag Recall-Glance story Wednesday, 22 Oct 2014 | 3:28 PM ET

    The National Highway Traffic Safety Administration has expanded the number of vehicles and manufacturers covered by a warning about air bags. But Wednesday it added multiple models and removed about 133,000 older General Motors cars that were put on the list by mistake. The agency is urging people in high-humidity areas such as Florida, Puerto Rico, Guam,...

  • A Republican Senate means changing the chairmen Wednesday, 22 Oct 2014 | 1:58 PM ET

    WASHINGTON— If Republicans win the Senate, the Pentagon should brace for constant grilling from Sen. The size of a Republican majority would determine committee ratios and budgets; more seats in the Senate translate into a greater advantage on the panels. "If we lose the Senate, for one thing, the way this Senate's been operating, they could end up blocking all my...

  • BancorpSouth third-quarter earnings rise to $28.8M Wednesday, 22 Oct 2014 | 10:59 AM ET

    TUPELO, Miss.— BancorpSouth Inc. saw its net income rise more than 15 percent to $28.8 million in the third quarter, as loans and insurance commission revenue increased. In the third quarter of 2013, BancorpSouth earned $24.9 million, or 26 cents a share. BancorpSouth also reported pretax costs of $3.1 million related to Bank Secrecy Act and anti-money...

  • Oct 22- With the closest known U.S. cases of Ebola diagnosed about 160 miles away in Dallas, Cary Griffin is taking no chances. For many, the three cases of Ebola diagnosed in the United States so far since late September represent a new potential disaster and a reason to run to the store. Chad Huddleston, an anthropologist at the University of Southern Illinois at...

  • Congressman's corp. loses Texas charter over taxes Tuesday, 21 Oct 2014 | 7:05 PM ET

    NEW ORLEANS— A Texas- based business co-owned by U.S. Vance McAllister has lost its right to do business as a Texas corporation after missing deadlines to pay state franchise taxes. Chris Ryan with the Texas Comptroller's Office said Tuesday that Texas Coastal Energy Co. LLC could have its corporate charter reinstated if it complies with the state tax code by...

  • Rural areas seek piece of subprime-loan settlement Tuesday, 21 Oct 2014 | 11:51 AM ET

    Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Much of it was concentrated in Appalachia and other areas stretching from Ohio, West Virginia and Kentucky to Mississippi, Louisiana, Texas and the Great Plains, according to government data provided to The Associated Press by...

  • The Government Accountability Office also recommended that the U.S. Department of Energy review the size of the Strategic Petroleum Reserve to ensure it remains appropriate as net oil imports fall. GAO's enormous influence and professional prestige is most likely the reason it was asked to do the study by Senator Lisa Murkowski, the top-ranked Republican...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • Shell Midstream Partners files for $750M IPO Monday, 20 Oct 2014 | 3:35 PM ET

    NEW YORK— Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts. Shell Midstream was formed by Royal Dutch Shell, and it will focus on acquiring pipelines and other midstream assets. Shell Midstream's assets include stakes in Zydeco Pipeline Co., Mars Oil Pipeline Co., and Bengal...

  • WASHINGTON, Oct 16- Oil and gas interests are pouring money into a tight U.S. Senate race in Louisiana, giving twice as much to the Senate campaign of incumbent Democrat Mary Landrieu than her Republican challenger even though the industry backs the Republican push to regain control of the Senate. Landrieu, chairwoman of the Senate Energy Committee, is...

  • Oct 20- Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, said it expected its initial public offering of common units to be priced at $19- $21 per unit, valuing it at up to $1.42 billion. A number of master limited partnerships, including PBF Logistics LP, Viper Energy Partners LP and GasLog Partners LP, have listed this year.

  • Justices won't revive Louisiana parish claims Monday, 20 Oct 2014 | 9:54 AM ET

    WASHINGTON— The Supreme Court rejected an appeal Monday from 11 Louisiana parishes that wanted to revive their lawsuits over wildlife damage from the BP oil spill in the Gulf of Mexico in 2010.. The lawsuits were filed by Plaquemines, Orleans, St. Bernard, Lafourche, Terrebonne, St. Charles, Jefferson, Iberia, St. Mary, St. Tammany and Cameron parishes.

  • Investor group pays $3.4B for power company Cleco Monday, 20 Oct 2014 | 6:47 AM ET

    PINEVILLE, La.— An investment group led by Macquarie Infrastructure and Real Assets will buy the Louisiana power company Cleco for $3.4 billion. The group will pay $55.37 in cash for each share of Cleco, which owns the regulated electric utility Cleco Power. Cleco Corp., based in Pineville, Louisiana, will continue to operate as an independent company under local...