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  • US gas prices fall, extending summer decline Sunday, 7 Sep 2014 | 6:04 PM ET

    CAMARILLO, Calif.— A national survey says the average price of a gallon of regular gasoline has dropped 2 cents over the last two weeks, to $3.46, bringing the decline to 25 cents over the last 11 weeks. Baton Rouge, Louisiana, had the lowest price among cities surveyed in the Lower 48 states, with $3.11 a gallon. San Francisco had the highest at $3.88 a gallon.

  • Congress coming back, must act to avoid shutdown Sunday, 7 Sep 2014 | 7:54 AM ET

    WASHINGTON— Lawmakers are streaming back to Capitol Hill after their summer vacation for an abbreviated September session in which feuding Democratic and Republican leaders promise action to prevent a government shutdown while holding votes aimed at defining the parties for the fall campaign.

  • Obama to delay action on immigration reform Saturday, 6 Sep 2014 | 11:39 AM ET
    President Barack Obama speaking at the White House Aug. 28, 2014.

    President Barack Obama has decided to delay any executive action on immigration until after the November congressional elections.

  • Obama defends decision to delay immigration action Saturday, 6 Sep 2014 | 9:50 AM ET

    Two White House officials said Obama concluded that circumventing Congress through executive actions on immigration during the campaign would politicize the issue and hurt future efforts to pass a broad overhaul.

  • Congress' task: Act fast on spending, return home Saturday, 6 Sep 2014 | 9:11 AM ET

    WASHINGTON— Congress returns to work Monday with a basic task— act fast to keep the U.S. government open and then race home to campaign. Jeff Sessions, a member of the Senate Armed Services Committee, said Obama can use force against the militants in Iraq or Syria based on the military doctrine that if someone "is attacking you or your ally you can respond."

  • NEW YORK, Sept 5- A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other industries like mining and nuclear power generation.

  • BP can absorb new oil spill fine, analysts say Friday, 5 Sep 2014 | 3:56 AM ET

    LONDON, Sept 5- BP should be able to meet the cost of up to $18 billion of new fines for the 2010 Gulf of Mexico oil spill without major asset sales or a big cut in its dividend, analysts say.

  • *BP to appeal ruling over blame for disaster. *BP shares fall 5 percent in U.S. trading.

  • *BP shares fall 5 percent in U.S. trading. HOUSTON, Sept 4- BP Plc was "grossly negligent" for its role in the oil spill in the Gulf of Mexico four years ago, a U.S. district judge said on Thursday in a ruling that could add billions of dollars in fines to the more than $42 billion in charges taken so far for the worst offshore disaster in U.S. history.

  • WASHINGTON, Sept 3- When President Barack Obama stepped into the White House Rose Garden in June to announce he would single-handedly reform U.S. immigration policy, he startled advocates by announcing a firm, end-of-summer deadline for executive action.

  • HOUSTON, Sept 2- BP Plc asked a U.S. court on Tuesday to fire the court-appointed lawyer tasked with paying out compensation to people affected by the 2010 Gulf of Mexico oil spill, saying the lawyer had not disclosed an alleged conflict of interest before taking the job. "In order to restore the integrity of the claims program, the court should replace him," BP said.

  • Sept 2- Halliburton Co, North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.. The settlement, which includes legal fees, is subject to approval by the U.S. District Court for the Eastern District of Louisiana, Halliburton said.

  • Congressman from Texas has come out in full support of the United States lifting the 40- year old ban on crude oil exports, putting him at odds with fellow House Republicans wary of weighing in on the controversial issue.

  • Obama weighing delay in action on immigration Friday, 29 Aug 2014 | 2:09 PM ET
    President Barack Obama speaking at the White House Aug. 28, 2014.

    President Obama is considering a delay of his most controversial proposals to revamp immigration laws until after the midterm elections in November.

  • Morgan Stanley plans a start-up—in natural gas Friday, 29 Aug 2014 | 9:32 AM ET

    Morgan Stanley plans to build and run a U.S. compressed natural gas export facility, even as it sells its physical oil business.

  • NEW YORK, Aug 29- Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

  • Traders are bracing for the start of the autumn harvest in the Midwest in the coming weeks, with growers in Louisiana and Mississippi already bringing in crops with high yields.

  • Indonesia's chief economics minister, Chairul Tanjung, said he had got to a point where he felt only talking directly to the 76- year-old U.S. mining legend might break a deadlock in the six-month row, which had already cost Southeast Asia's top economy more than $1 billion and put thousands of jobs at risk.

  • Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.

  • Aug 20- Departures and primary losses for 28 Republicans in the U.S. House of Representatives have created opportunities for a new wave of conservative and Tea Party- backed candidates. The Republican nominee to replace him is Gary Palmer, a fund raiser for a conservative think tank in Alabama who is backed by the anti-tax group Club for Growth.