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  • 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...

  • 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...

  • 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...

  • As debt mounts, Caesars in talks with lenders Friday, 17 Oct 2014 | 6:29 PM ET

    LAS VEGAS— Caesars Entertainment said Friday it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt and stave off what some see as near certain bankruptcy. In recent years the company has spun off multiple divisions in an attempt to shape up its finances, including Caesars Entertainment Resort Properties and...

  • Federal offshore oil lease sale set for March Friday, 17 Oct 2014 | 2:40 PM ET

    NEW ORLEANS— Oil and gas leases for 40 million acres off the coasts of Louisiana, Mississippi and Alabama will be offered by the federal government in a March sale at the Superdome in New Orleans, the Bureau of Ocean Energy Management said Friday. "As one of the most productive basins in the world, the Gulf of Mexico is a cornerstone of our domestic energy portfolio,...

  • EastGroup Properties reports 3Q results Thursday, 16 Oct 2014 | 4:46 PM ET

    JACKSON, Miss. _ EastGroup Properties Inc. on Thursday reported a key measure of profitability in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 88 cents per share. EastGroup Properties expects full-year funds from operations to be $3.45 to $3.47 per share.

  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to take share from U.S. producers.

  • EPA said it was applying "first-time-ever restrictions" on its approval of the herbicide, called Enlist Duo, which is designed to be used with new genetically modified crops developed by Dow AgroSciences, a unit of Dow Chemical. EPA said the approval lays out a template of new requirements for future approvals of herbicides designed for use with genetically...

  • EPA approves new weed killer for engineered crops Wednesday, 15 Oct 2014 | 12:00 PM ET

    The EPA said Wednesday that it will allow the use of a 2,4- D weed killer called Enlist Duo, a new version of the popular herbicide used since the 1940 s. The EPA said in a release that the agency's decision reflects a large body of science and that officials used "highly conservative and protective assumptions to evaluate human health and ecological risks."

  • NEW YORK, Oct 15- Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. At stake is not just the fate of a U.S. drilling frenzy that has transformed the North American energy picture and powered the U.S. economy, but the shape of the global market as OPEC leader Saudi Arabia hopes to claw share from U.S. producers.

  • Treasury clears way for oil spill recovery grants Tuesday, 14 Oct 2014 | 4:44 PM ET

    NEW ORLEANS— The U.S. Treasury Department says it has cleared the way for Gulf Coast states and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund containing money from civil penalties in the 2010 BP oil spill. Under rules finalized Tuesday, 35 percent of the Gulf Restoration Trust Fund will be divided equally among...

  • Nissan recalls 2013 Altimas for hood latch problem Friday, 10 Oct 2014 | 8:02 AM ET

    DETROIT— Nissan is recalling more than 238,000 Altima midsize cars worldwide because a secondary latch can fail and allow the hoods to fly open while the cars are in motion. Only Altimas from the 2013 model year are covered by the recall so far, but Nissan is investigating whether other models could be involved, according to documents posted Friday by U.S. safety...

  • Inhofe gives final OK to $700M to fight Ebola Friday, 10 Oct 2014 | 6:56 AM ET

    WASHINGTON— The Republican chairmen of House panels that oversee the Pentagon signed off Thursday on an additional $700 million to pay for the military mission to help fight Africa's deadly Ebola outbreak. Thursday's action by Armed Services Committee Chairman Howard "Buck" McKeon and Appropriations Chairman Harold Rogers would permit a total of $750...

  • KiOR fights ex-director as debt nears due date Wednesday, 8 Oct 2014 | 5:46 PM ET

    JACKSON, Miss.— A former director of biofuel maker KiOR says he tried to warn other board members about problems with KiOR's technology to turn wood chips into an oil substitute, claims that could damage the company's defense in shareholder lawsuits and a Securities and Exchange Commission investigation. KiOR denies Paul O'Connor's claims, saying he was asked...

  • Perry seeks unlimited natural gas and oil exports Wednesday, 8 Oct 2014 | 3:20 PM ET

    Rick Perry is calling for unlimited natural gas and oil exports, saying it would help the American economy and aid American allies threatened by Russia's control of European natural gas supplies. "The first order of business to restore balance in Europe is for America to build an energy shield to protect our strategic allies, Perry said Wednesday in Jackson,...

  • WASHINGTON, Sept 29- The U.S. Supreme Court on Monday had a change of heart and dismissed a case it had previously agreed to hear on whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.

  • WASHINGTON, Sept 11- Europe's Airbus said on Thursday that it sees the possibility of selling hundreds of its A400M military transport plane to the U.S. military in the medium to long term.

  • WASHINGTON, Sept 10- U.S. Navy Secretary Ray Mabus said more women should be serving in the Navy and Marine Corps, and plans to take action to boost their presence in those military branches.

  • NEW YORK, Sept 8- Morgan Stanley has agreed to pay $95 million to resolve a lawsuit accusing the Wall Street bank of misleading investors in mortgage-backed securities in the run up to the 2008 financial crisis.

  • WASHINGTON, Aug 29- With plans for a T-Mobile US Inc merger in tatters, Sprint Corp is expanding a roaming program with rural cellphone companies that could provide a much-needed way for the debt-laden wireless carrier to cheaply increase its footprint.