Investors who believe in a long-term recovery in oil prices should look to exploration and production companies, said David Tameron.» Read More
WASHINGTON, Oct 10- The Federal Reserve should adopt a collective economic forecast to help the public understand its thinking better, a senior official at the U.S. central bank said on Wednesday, pointing to a likely next step in the Fed's evolving communication strategy.
WASHINGTON, Oct 10- The Federal Reserve could keep its benchmark interest rate low even if the U.S. jobless rate fell to 5.5 percent, Minneapolis Fed President Narayana Kocherlakota said on Wednesday.
MADISON, Wis.-- For years, vacationers and farmers across northern Wisconsin and Minnesota have heard the eerie howl of the gray wolf and fretted the creatures were lurking around their cabins and pastures, eying up Fido or Bessie.
HELENA, Mont.-- The 9th U.S. Circuit Court of Appeals reinstated Montana's campaign donation limits, telling the federal judge who overturned it to outline his full reasoning so the panel can review the case.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
Treasury Department sells 4- week bills, 11:30 a.m.. Treasury Department sells 10- year notes, 1 p.m..
The company is one of the largest leaseholders in the Bakken shale region in North Dakota and Montana. Analyst Subash Chandra of Jefferies& Co. said that Continental's plan implies a cost of more than $11,000 per well. Shares of Continental Resources Inc. fell $1.01 to $75.50 in premarket trading.
CHICAGO, Oct 9- Narayana Kocherlakota surprised economists around the world last month when he called on the U.S. central bank to hold interest rates near zero, possibly for several years to come.
Oct 9- Continental Resources Inc, the top oil producer in the Bakken region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.
OKLAHOMA CITY-- Continental Resources Inc. said Monday that it plans to triple production and proved reserves of oil and natural gas liquids in the next five years on its leased properties in the U.S.
SEATTLE-- Residents of Washington, Oregon and Colorado won't just be considering whether to let adults buy pot at state-sanctioned shops when they vote next month on legalizing and taxing marijuana. "Farmers are already engaged in a high-risk endeavor," said Roy Kaufmann, a spokesman for Oregon's pot initiative. "
BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.
CALGARY, Alberta, Oct 5- Canadian cash crude prices weakened for the fourth straight session on Friday as production from the Alberta oil sands looked set to increase for next month.
LONDON, Oct 5- The booming business of transporting Bakken crude has thrown a lifeline to U.S. railroads, at a time when shipments of coal, their main commodity by volume, have fallen sharply. Coal accounted for just over 43 percent of rail car loadings by weight, and 25 percent of gross revenues, last year according to the Association of American Railroads.
BOZEMAN, Mont.-- A Japanese pharmaceutical company is acquiring Bozeman- based LigoCyte Pharmaceuticals in a $60 million deal to expand its vaccine division, Takeda Pharmaceutical Co. announced.
Conditions worsened, though, in Kansas and Iowa, the nation's biggest corn producer, and nearly 98 percent of Nebraska was still deemed to be in one of the two worst categories. According to the map, which is put out by the National Drought Mitigation Center at the University of Nebraska in Lincoln, 75 percent of Iowa is enduring extreme or exceptional drought.
Light synthetic crude for November delivery last sold for $9.75 a barrel over benchmark West Texas Intermediate, compared with $12 a barrel over WTI on Tuesday, according to Shorcan Energy Brokers. November Western Canada Select heavy blend was quoted at $11 a barrel under WTI, an 80- cent wider discount than on Tuesday.
INDIANAPOLIS-- Campaign cash from outside political groups is flooding into conservative states with close Senate races like Indiana, Arizona and Montana, where residents are more accustomed to local news promos between football games than the relentless, often snarky attack ads.