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  • That was the 25th straight weekly decline, bringing the total rig count down to 646, the lowest since August 2010, oil services company Baker Hughes Inc said in its closely followed report. The market has been eyeing the U.S. rig count and the increases of a few rigs in some basins over the past few weeks ahead of next week's meeting of the Organization of the...

  • DRILLERS ADD ONE OIL RIG IN EAGLE FORD SHALE BASIN IN SOUTH TEXAS THIS WEEK- BAKER HUGHES.

  • CARTERSVILLE, Ga.— An Anheuser Busch plant in northwest Georgia has started canning water instead of beer to help flood victims in Texas and Oklahoma. Multiple media outlets report the Cartersville plant halted its beer production to produce 50,000 cans of water to distribute to the flooded areas by this weekend. Cartersville brewery manager Rob Haas told NBC...

  • *First-quarter GDP revised down to show contraction. *GDP shrinks at a 0.7 percent annual rate. WASHINGTON, May 29- The U.S. economy contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls, a resurgent dollar and disruptions at West Coast ports, but activity already has rebounded modestly.

  • *Service Corp International shares up nearly 30 percent this year. Service Corp International, which operates funeral homes and cemeteries, has been a prime beneficiary of the aging population. "The demographic trend will probably last a couple of decades," said Charles Sizemore, chief investment officer of Sizemore Capital Management in Dallas, who owns...

  • NEW YORK— Carl's Jr. and Hardee's ads starring nearly naked women have become a part of American culture, according to Andy Puzder, CEO of the chains' parent company. Others, such as Heidi Klum and Padma Lakshmi, were already famous. CKE Restaurants, the parent company of Carl's and Hardee's, is privately held and doesn't disclose financial results.

  • GameStop profit beats on sales of Mortal Kombat X Friday, 29 May 2015 | 7:09 AM ET
    Pedestrians pass in front of a GameStop store in New York

    GameStop reported better-than-expected profit, helped by sales of new releases such as "Mortal Kombat X" and "Evolve" and an increase in downloads.

  • Rand Paul is fighting to transform his recent Capitol Hill victory into momentum with presidential primary voters. "I think some of his ideas are a breath of fresh air," said Corey Brooks, an African-American pastor on the South Side of Chicago, where Paul campaigned on Wednesday. He says the Republican Party's reputation "sucks" in a book released this week that...

  • NEW YORK, May 29- The accused mastermind behind the underground website Silk Road will be sentenced on Friday for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. District Judge Katherine Forrest must impose on Ulbricht, who admitted to creating Silk Road but denied wrongdoing.

  • NEW YORK, May 28- A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S. official said. On Thursday, the Energy Information Administration's Weekly Petroleum Status Report showed field production of crude oil rose by 304,000...

  • May 28- GameStop Corp reported better-than-expected quarterly profit and revenue, helped by strong sales of new releases such as "Evolve" and "Mortal Kombat X" as well as an increase in mobile game downloads. GameStop's shares rose 5.3 percent in extended trading after the company also forecast a second-quarter profit largely above analysts' average estimate.

  • *Number of rigs in Marcellus has dropped- Baker Hughes. The U.S. Energy Information Administration says production in the fast-growing field in Pennsylvania and West Virginia is set to remain flat for the next few years before beginning a very slow decline primarily because of depressed gas prices. The number of rigs in the area has dwindled in recent months to...

  • GameStop rises after 1Q results surpass estimates Thursday, 28 May 2015 | 4:15 PM ET

    GRAPEVINE, Texas— Video game retailer GameStop said Thursday that strong sales of new games and downloadable content boosted its results in its fiscal first quarter. GameStop said revenue from new games climbed 9.6 percent, and said sales of downloadable content for games like "Mortal Kombat X" and "Evolve" and increased downloads of mobile games all aided its...

  • May 28- A Delaware jury on Thursday ordered Boston Scientific to pay $100 million to a woman who said she was injured by transvaginal mesh, a device that is the subject of more than 25,000 lawsuits against the company. The 51- year old Newark, Delaware- resident was implanted with Boston Scientific's Pinnacle and Advantage Fit mesh products in 2009, to treat...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year but warned that "aggressive protectionist sentiment" in the West threatens its future prospects. The government-backed airline, which has bought up stakes in several foreign carriers...

  • Jeb Bush and corporate boardrooms: 15 cases Thursday, 28 May 2015 | 3:30 AM ET

    WASHINGTON— Jeb Bush served on the board of directors or as an adviser to at least 15 companies and nonprofits since leaving office as Florida governor in early 2007. Here are the 15, his role for each, the years he served and his pay in the cases it is known:. Tenet Healthcare Corp., publicly traded hospital operator in Dallas. Rayonier Inc., publicly traded timber...

  • *SK Innovation already runs assets in Oklahoma, Texas. SEOUL, May 28- South Korea's SK Innovation Co Ltd, which owns the country's biggest refiner SK Energy Co Ltd, said it aims to raise investment in U.S. shale fields and increase partnerships with major crude producers to stabilize energy supplies. SK Innovation via its U.S.-based unit SK E&P America in April of...

  • MANDAN, N.D.— A Texas company that already has obtained shipping commitments from oil companies to build a 1,100- mile pipeline from western North Dakota to Illinois is having a tougher time getting permission from North Dakota landowners. Chuck Frey, vice president of engineering for Dallas- based Energy Transfer Partners LP, told the state's Public Service...

  • From Boston to Miami, New York to Los Angeles, more than half of tenants are paying what experts consider unaffordable rents, says a report by New York University's Furman Center, which studies real estate and urban policy, and bank Capital One, which is a leading affordable-housing lender and financed the research. The study analyzed U.S. Census Bureau data from...

  • Copart misses Street 3Q forecasts Wednesday, 27 May 2015 | 6:37 PM ET

    DALLAS _ Copart Inc. on Wednesday reported fiscal third-quarter earnings of $57.6 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Copart shares have decreased 2.5 percent since the beginning of the year.