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Nikkei Shoots to Fresh Highs; US Rally Supports

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  • May 18- Texas has joined the crowd of Gulf of Mexico states to file suit against BP Plc, Halliburton Co and others for their role in one of the worst oil spills in U.S. history. Texas joins four other states that have sued BP and other companies in connection to the spill: Florida and Mississippi filed complaints last month, while Alabama and Louisiana did in 2010..

  • REUTERS SUMMIT-Cyber experts fear escalation of attacks Saturday, 18 May 2013 | 11:10 AM ET

    WASHINGTON, May 18- Cybersecurity professionals know a myriad of ways hackers can try to wreak havoc on critical infrastructure or infiltrate corporations to steal or spy, but it is the fear of the unknown that some say keeps them up at night.

  • Tidewater OKs buyback of up to $200M shares Friday, 17 May 2013 | 8:32 AM ET

    NEW ORLEANS-- Tidewater approved the repurchase of up to $200 million shares of its stock, the offshore fleet services provider said Friday. Tidewater Inc. also declared a quarterly dividend of 25 cents per share. The dividend will be paid on June 14 to shareholders of record on June 4.

  • NEW ORLEANS, May 16- The deadline for claims against BP Plc in connection with the 2010 Gulf of Mexico oil spill is 11 months away, but the man responsible for paying the claims said on Thursday he is already bracing for a late surge in filings.

  • La. Senate rejects equal pay bill for women Thursday, 16 May 2013 | 11:47 AM ET

    BATON ROUGE, La.-- The Louisiana Senate narrowly rejected a bill Wednesday that would have prohibited employers with at least 15 full-time workers in the state from paying unequal wages for the same job based on gender.

  • LONDON, May 16- British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, the BBC reported Thursday.

  • Upton: Cause of Entergy nuke plant leak found Tuesday, 14 May 2013 | 10:38 AM ET

    Fred Upton says inspectors have found the source of a water leak that forced the shutdown of Entergy Corp.' s Palisades Nuclear Power Plant on the Lake Michigan shoreline and are making repairs to prevent a repeat. The St. Joseph Republican spoke Monday after touring the plant in Van Buren County's Covert Township, 80 miles east-northeast of Chicago,.

  • LONDON, May 13- A rush to lock in financing deals for zinc while they are still profitable has been the main driver behind a recent fall in inventories and will keep premiums high for industrial users, industry sources said.

  • NRC member, congressman to visit Entergy plant Monday, 13 May 2013 | 10:47 AM ET

    COVERT TOWNSHIP, Mich.-- A Nuclear Regulatory Commission member and a Michigan congressman plan to visit the Entergy Corp.' s Palisades Nuclear Power Plant, which was taken off line over a repeated water leak problem.

  • Squabble over New Orleans eatery goes to court Monday, 13 May 2013 | 8:39 AM ET

    NEW ORLEANS-- Brennan's, a New Orleans restaurant that famously invented the Bananas Foster dessert six decades ago, is more recently known for a long-running family clash over ownership of the French Quarter eatery.

  • NEW YORK, May 10- The yen slid to a 4-1/ 2- year low against the dollar on Friday, triggering a sell-off in oil and gold as well as safe-haven U.S. and German debt, after recent signs of strength in the U.S. labor market added to bullish sentiment on the dollar. The fall in oil was intensified by rising supplies and doubts over the strength of China's economy. "

  • NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100- yen mark triggered a sell-off in U.S. and German bonds, along with a sharp fall in crude oil. Equities on Wall Street and in Europe were higher, but a measure of global equity markets was lower.

  • NEW YORK, May 10- The yen on Friday slid to its lowest against the dollar since October 2008 as its decisive break through the 100 yen mark triggered a drop in the price of safe-haven U.S. and German bonds. Wall Street opened mostly higher, following a rise in European equities, but a measure of global equity markets was lower.

  • *Nasdaq rises after results from Priceline, Nvidia. "We're getting more constructive on the second half of the year as both the market and the economy are picking up," said Terry DuFrene, investment specialist for JP Morgan Private Bank in New Orleans. "

  • CFTC Says Relax: May Ease Dodd-Frank Futures Rule Friday, 10 May 2013 | 8:30 AM ET

    The CFTC is prepared to adjust a new rule stemming from the Dodd-Frank financial reform law, a sign that the regulator might bow to industry criticism.

  • Delgado, Nunez community colleges to lay off staff Thursday, 9 May 2013 | 8:48 AM ET

    NEW ORLEANS-- The governing board for Delgado Community College in New Orleans and Nunez Community College in Chalmette approved plans Wednesday that will result in layoffs at both schools and the cutting of 15 academic programs at Delgado.

  • LONDON/ HOUSTON, May 8- Royal Dutch/Shell said on Wednesday it will go ahead with the world's deepest offshore oil and gas production project, pushing the boundaries of technology to produce from nearly 2 miles down in the Gulf of Mexico.

  • May 8- Royal Dutch/Shell is to go ahead with the world's deepest offshore oil and gas production facility, pushing the boundaries of industry technology to drill almost three kilometres underwater in the Gulf of Mexico.

  • UPDATE 1-Shell to drill world's deepest offshore oil well Wednesday, 8 May 2013 | 10:54 AM ET

    May 8- Royal Dutch/Shell will build the world's deepest offshore oil and gas facility, pushing the boundaries of industry technology to search three kilometres underwater in the Gulf of Mexico. Last month, BP decided to delay development of its biggest new Gulf of Mexico project, Mad Dog Phase 2, citing tough market conditions and fast-rising costs.

  • May 8- Royal Dutch Shell Plc said on Wednesday it plans to go forward with the Stones ultra-deepwater oil and natural gas project in the Gulf of Mexico. Production during the first phase of the project is expected to have an annual peak of 50,000 barrels of oil equivalent per day, the oil major said in a press statement.