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  • HOUSTON, June 14- Leading Gulf of Mexico oil producer Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, said it was removing non-essential workers from offshore platforms as a precautionary measure ahead of a low-pressure storm system given an 80 percent chance of becoming a tropical cyclone in the next 48 hours. The U.S. National Hurricane Center has warned that...

  • WASHINGTON, June 12- The top U.S. auto safety regulator said on Friday a ruptured Takata Corp air bag was likely involved in the April 5 car crash that killed a 22- year-old Louisiana woman, which would make her death the seventh linked to an air bag defect. The suit alleges that the vehicle's driver-side Takata air bag exploded, sending shards of metal into the...

  • WASHINGTON, June 12- The top U.S. auto safety regulator said on Friday a ruptured Takata Corp air bag was likely involved in the April 5 car crash that killed a 22- year-old Louisiana woman, which would make her death the seventh linked to an air bag defect. The suit alleges that the vehicle's driver-side Takata air bag exploded, sending shards of metal into the...

  • HOUSTON, June 11- Motiva Enterprises said on Thursday it aims to trade its own gasoline, diesel and the components needed to make them in a new organization separate from its co-owner, Royal Dutch Shell. "With this change, we hope to provide greater value to them through more active participation in the market," Motiva Chief Executive Dan Romasko said in the...

  • WASHINGTON, June 10- Various Republican governors with an eye on the White House can point to tax cuts and other business-friendly policies they spearheaded as they enter the crowded 2016 presidential contest. Among the handful of governors and former governors competing for the Republican presidential nomination, only one- former Texas Governor Rick...

  • WASHINGTON, June 10- U.S. auto safety regulators said on Wednesday that they are looking into a possible seventh death linked to defective Takata air bag inflators, a Louisiana woman who died after her 2005 Honda Civic hit a utility pole in the early hours of April 5. A lawsuit filed on Monday in U.S. District Court by the family of the victim, 22- year-old Kylan Rae...

  • The Consumer Financial Protection Bureau has been flagging its concerns about overdraft practices since 2012 and said in July that it would address the issue with new regulations. The data shows that lenders including Atlanta- based SunTrust Banks Inc and Birmingham-based Regions Financial Corp could be hit if, as analysts expect, the CFPB caps fees and...

  • June 6- Three more tendons designed to link Chevron Corp's Big Foot deepwater oil project to the Gulf of Mexico seabed have sunk, escalating concerns about how long it will take for the project to start. Gulf of Mexico, to produce 75,000 barrels of oil and 25 million cubic feet of natural gas per day once it opens. The San Ramon, California- based company said it had set...

  • June 3- Republican Louisiana Governor Bobby Jindal will make a "major announcement" about his 2016 plans in New Orleans on June 24, NBC reported. He has already made frequent visits to key primary states and launched a presidential exploratory committee, NBC said. Jindal, who is Indian American, has served as the governor of Louisiana since 2008..

  • June 2- Chevron Corp has deployed robots on the seafloor near its Big Foot deepwater oil project, aiming to find just how much damage it must contend with after six giant tendons sank and indefinitely delayed the start of production at the platform. The site, 225 miles south of New Orleans in the U.S. Wells Fargo analyst Roger Read said on Tuesday the setback was "...

  • The hidden truth about the presidential candidates Tuesday, 2 Jun 2015 | 10:30 AM ET
    Jeb Bush, Rick Perry and Chris Christie

    Using our Top States for Business metrics, we judge the performance of the governors running in the 2016 US presidential election.

  • May 29- Illinois has asked the federal energy regulator to investigate whether Dynegy Inc manipulated a power auction and to block $113 million in expected overcharges from that auction for the coming year, the regulator said on Friday. The charges will hit Illinois consumers who buy electric supply through Ameren Illinois, the local delivery service...

  • SAO PAULO, May 29- Panama's Copa Airlines plans to expand its route network out of Latin America despite the challenges it currently faces in Brazil, the region's biggest market, the company's chief executive officer said on Friday. The carrier, a subsidiary of Copa Holdings SA, sees further potential in a business model built on linking small and mid-sized Latin...

  • *Number of rigs in Marcellus has dropped- Baker Hughes. The U.S. Energy Information Administration says production in the fast-growing field in Pennsylvania and West Virginia is set to remain flat for the next few years before beginning a very slow decline primarily because of depressed gas prices. The number of rigs in the area has dwindled in recent months to...

  • ABOARD THE EMPIRE BUILDER, May 28- Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak's least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West Coast. A coach ticket between Spokane, Washington and Williston, capital of North...

  • May 26- Over 100,000 homes and businesses were still without power Tuesday afternoon after severe storms battered the U.S. Gulf Coast on Monday and Tuesday, according to local utilities. That is down from about 170,000 customers without service on Tuesday morning. The storms moved from west to east, hitting Texas first before moving on to Louisiana and...

  • LOS ANGELES, May 26- Judging by the latest performance rankings, two 529 college savings plans in particular look enticing. SavingForCollege.com, a plan comparison website that publishes rankings each quarter, said the District of Columbia's direct-sold DC 529 College Savings Program topped the lists for one-, three- and five-year performance as of March 31.

  • COLUMN-LME zinc bulls get fooled again: Andy Home Tuesday, 26 May 2015 | 1:32 AM ET

    SINGAPORE, May 26- Appearances can be deceptive and never more so than when it comes to trading on the London Metal Exchange. Three-month metal was on a surge last month, powering up from a March low of $1,981.00 per tonne to an early May high of $2,404.50. Last week's delivery of 36,375 tonnes of zinc onto warrant at Johor in Malaysia blew away the tightness and sent...

  • May 22- A small offshore oil platform caught fire in shallow water near the coast of Louisiana on Friday and a sheen was seen in the sea after workers were evacuated, officials said. All 28 workers aboard were taken from the platform, located about 20 miles east of the boot tip of Louisiana, onto a nearby supply vessel and taken ashore. It was unclear how much oil had...

  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...