There was little indication that the Texas facility that had a massive explosion on Thursday posed a danger to the community, according to evaluations by oversight groups.» Read More
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..
NEW YORK, May 17- With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.
*Freeport first project approved since 2011.
NEW YORK, May 17- Oil rose for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, even as the dollar hit a multi-year high. "Everyone's feeling buoyant, and we got a nice little bounce on the S&P 500," said Phil Flynn, energy analyst at Price Futures Group in Chicago.
WASHINGTON, May 17- Unemployment rates dropped in 43 out of the 50 U.S. states and in the District of Columbia in April from a year before, according to Labor Department data released on Friday. A handful of states, including Illinois, Delaware, Indiana, Wisconsin, Mississippi and New Hampshire saw their jobless rates rise over the year.
Either country crooner Kree Harrison or vocal powerhouse Candice Glover will be revealed Thursday night as the 12th season champion of "American Idol."
HOUSTON, May 17- Independent western U.S. refiner Tesoro Corp said on Friday that it has signed a side letter agreement with California Attorney General Kamala Harris on its planned $2.4- billion purchase of BP Plc's Los Angeles- area refinery and other assets.
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that also boosted U.S. equities, although a strong dollar limited gains in oil prices.
The approval of natural gas exports from Freeport LNG's Quintana Island, Texas, terminal ends nearly a two-year pause in the Energy Department's review of export applications, as the administration sought to address concerns that sending U.S. gas abroad could harm U.S. manufacturers.
As Congress kicked off the first of several investigations into a scandal that has put President Barack Obama on the defensive, acting IRS Commissioner Steven Miller said he could not say who had come up with the idea to single out conservative groups for intense scrutiny when they applied for tax-exempt status.
*Congress opens three probes of tax agency. Republicans and Democrats said senior IRS officials should have alerted Congress last year when they found out that their examiners were singling out Tea Party groups for intense scrutiny when the groups applied for tax-exempt status.
Dunder Mifflin Paper Co. lives on, but "The Office" has closed shop. The NBC workplace comedy, set at the fictional company's Scranton, Pa., branch, aired its finale Thursday to end an eight-year run. NBC had stayed mum on whether Carell, the star of "The Office" until his departure two seasons ago, would be in the finale or not.
WEST, Texas-- Investigators working in the remnants of an exploded Texas fertilizer plant sifted by hand through untold kernels of corn, moved tons of debris and conducted more than 400 interviews, while searching for the missing piece to solve what many officials compared to an extraordinary puzzle.
HOUSTON-- Southwestern Energy has closed on the purchase of about 162,000 acres of land in Pennsylvania. The Marcellus Shale, a massive underground gas reserve stretching from New York across Pennsylvania and West Virginia to Ohio. Southwestern Energy Co., based in Houston, financed the deal with existing debt.
Prosecutors in Laredo on Thursday announced 43- year-old Ji Hui Chen of Laredo pleaded guilty to trafficking in counterfeit goods. He owns J Design in downtown Laredo. Brands included Burberry, Cartier, Chanel, Coach, Gucci, Jimmy Choo, Prada and Rolex.
HOUSTON-- Stage Stores' first-quarter loss widened as it spent to consolidate some facilities and, like other retailers, struggled to get shoppers out of the house and through their doors in some nasty spring weather.
*BP Arco station owners told sale could happen by June 1. HOUSTON/ WASHINGTON, May 16- Independent western U.S. refiner Tesoro Corp may take ownership of BP Plc's 240,000 barrel per day refinery in Carson, California, as early as June 1, sources familiar with the transaction said on Thursday.
HOUSTON/ MILAN, May 16- A trio of hawkish regional Federal Reserve officials are calling for the U.S. central bank to stop buying mortgage-backed bonds, citing the recent improvement in the housing market.
*Oil output from Ohio's Utica shale to be dwarfed by gas. NEW YORK, May 16- Oil output from the Utica shale in Ohio was less than expected last year, the Ohio Department of Natural Resources said on Thursday, denting the Utica's image as America's next oil-producing frontier.
WASHINGTON, May 16- The full U.S. House of Representatives will soon begin debate on a bill to approve the Canada- to-Nebraska Keystone XL oil pipeline, a lawmaker said on Thursday after his panel advanced the measure.