SAC Capital Was in Talks to Settle Government Probe in Early May; Talks Have Apparently Broken Down: Source
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Mitt Romney is best equipped to solve the problems facing our nations, says Sen. Tom Coburn, M.D., (R-OK), discussing why he is backing Romney.
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*Plans to repatriate $2 bln. May 1- Devon Energy Corp on Wednesday reported a large quarterly loss as the U.S. oil and gas company wrote down the value of some assets, but production was better-than expected, a factor that helped push shares higher.
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*Plans to repatriate $2 bln. May 1- Devon Energy Corp on Wednesday reported a large quarterly loss as the U.S. oil and gas company wrote down the value of some assets, but production was better-than expected, a factor that helped push shares higher.
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NEW YORK, May 1- U.S. crude stocks surged to an all-time record last week as imports increased, even as U.S. refineries processed more crude into refined products, government data from the Energy Information Administration showed on Wednesday.
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NEW YORK, May 1- U.S. crude stocks rose sharply last week as crude imports increased, and refined product inventories were mixed as plants boosted utilization rates, government data from the Energy Information Administration showed on Wednesday.
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May 1- Devon Energy Corp on Wednesday reported a large quarterly loss, as the U.S. exploration and production company took a $1.9 billion charge resulting from low prices for natural gas liquids and crude. Devon's loss in the first quarter was $1.3 billion, or $3.34. per share, compared with a year-earlier profit of $393 million, or 97 cents per share.
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May 1- Chesapeake Energy Corp reported quarterly profit that exceeded Wall Street expectations on Wednesday, helped by a 56 percent increase in crude oil output and higher oil and natural gas prices. First-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million, or 11 cents per share, in the same period a year earlier.
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May 1- Devon Energy Corp on Wednesday reported a large quarterly loss, as the U.S. exploration and production company took a $1.9 billion charge related to low prices for natural gas liquids and crude. Devon's loss in the first quarter was $1.3 billion, or $3.34 per share, compared with $393 million, or 97 cents per share, in the same quarter a year earlier.
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May 1- Devon Energy Corp on Wednesday reported a large quarterly loss, as the U.S. exploration and production company took a $1.9 billion charge related to low prices for natural gas liquids and crude. Devon's loss in the first quarter was $1.3 billion, or $3.34. per share, compared with $393 million, or 97 cents per share, in the same quarter a year earlier.
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May 1- Chesapeake Energy Corp reported a quarterly profit that topped Wall Street expectations on Wednesday, helped by lower production expenses and higher oil and natural gas prices. Chesapeake said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million, or 11 cents per share, in the same period a year earlier.
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May 1- Chesapeake Energy Corp reported a quarterly profit on Wednesday compared with a year-earlier loss, when the company took a charge related to the value of its hedges. Chesapeake, said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million or 11 cents per share, in the same period a year earlier.
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May 1- Chesapeake Energy Corp reported a quarterly profit on Wednesday compared with a year-earlier loss, when the company took a charge related to the value of its hedges. Chesapeake, said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million or 11 cents per share, in the same period a year earlier.
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CALGARY, Alberta, April 30- TransCanada Corp. Company spokesman Shawn Howard said in an email that the line was closed in order to work on a piece of electrical equipment. The line carries Canadian crude from Hardisty, Alberta, to storage hubs in Patoka, Illinois, and Cushing, Oklahoma.
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By Kristen Hays HOUSTON, April 30- Marathon Petroleum Corp. expects the narrowed spread between U.S. crude benchmark West Texas Intermediate and London's Brent crude to widen again, though not necessarily to the $20- plus level seen earlier this year, company executives said on Tuesday.
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A survey showing a rebound in supply from OPEC producers in April further pressured prices a day after they had rallied up to $104. Brent fell $1.44 to settle at $102.37 a barrel after briefly going up to $104. The spread between Brent and U.S. crude settled at less than $9 for the first time since December of 2011, and down from over $23 in February 2013.
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HOUSTON, April 30- Marathon Petroleum Corp. expects the narrowed spread between U.S. crude benchmark West Texas Intermediate and London's Brent crude to widen again, though not necessarily to the $20- level seen earlier this year, a company executive told analysts on Tuesday.
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HOUSTON, April 30- Marathon Petroleum Corp. has narrowed to below $9 a barrel, the first time Brent's premium to its U.S. counterpoint has been less than $9 since June 2012. Gary Heminger, chief executive of Marathon Petroleum, told Reuters in an interview that Europe's weak economy and a heavy refinery turnaround season depressed demand, pushing down Brent prices.
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EL RENO, Okla., April 29- Federal Reserve officials, as a rule, can expect a tough crowd when they visit places like Oklahoma where suspicion of big government runs deep. Esther George, president of the Kansas City Fed, is an exception.
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EL RENO, Okla., April 29- Federal Reserve officials, as a rule, can expect a tough crowd when they visit places like Oklahoma where suspicion of big government runs deep. Esther George, president of the Kansas City Fed, is an exception.
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EL RENO, Okla., April 29- Federal Reserve officials, as a rule, can expect a tough crowd when they visit places like Oklahoma where suspicion of big government runs deep. Esther George, president of the Kansas City Fed, is an exception.
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TULSA, Okla., April 27- There was no doubt in Nora Guthrie's mind where the final repository of her famous musician father's legacy would be.