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  • NEW YORK— RadioShack creditor Salus says it won't improve its bid as it fights with another buyer for the electronics chain, hedge fund Standard General. Salus had failed to win an auction for the assets of the Fort Worth, Texas- based electronics retailer, which filed for bankruptcy in February. RadioShack instead chose a $160 million bid from hedge fund Standard...

  • NEW YORK, March 30- Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter. Two Morgan Stanley managers who were involved with Wentworth, Alberto Chiesara and Ryan Comerford, are leaving to...

  • Cook calls 'religious objection' laws dangerous Monday, 30 Mar 2015 | 7:40 AM ET

    NEW YORK— Apple CEO Tim Cook said that so-called "religious objection" legislation being introduced in a number of states is dangerous and bad for business. The bills, like the one enacted last week in Indiana, create a legal framework for individuals, mostly business owners, to claim that a law or regulation mandated by the government infringes on their religious...

  • ALBUQUERQUE, N.M.— A pipeline project intended to bring billions of gallons of water a year to a drought-stricken section of eastern New Mexico represents a lifeline to parched communities that are quickly running out of water. Others call for piping water from Lake Powell to southeastern Utah and for taking water from Wyoming across Colorado's Front Range...

  • DEARBORN, Mich.— Elvis Presley had one; so did Clark Gable. Then the name vanished amid an invasion of newer luxury cars from Europe and Asia. And it's a nod to the importance of China, where customers know the Continental name and appreciate brands with a rich history.

  • At the end of last year, a Massachusetts route selected by Texas- based Kinder Morgan generated so much venom that the company nudged it north into New Hampshire— where the venom is also flowing freely. There's another reason the loudest protests are all coming from the region: They're where the gas is, waiting just east of the gas-rich Marcellus Shale region.

  • The fall was slight, but it was just the second year-over-year decline since April 2010, when an oil production boom was just beginning to transform Midland. Midland has a population of around 140,000, and an economic decline there alone should not seriously dent the state economy. At the heart of the Permian Basin, one of the biggest oil deposits in the country,...

  • WASHINGTON— With Republicans muscling a balanced-budget plan through the Senate, Congress is positioned for months of battling President Barack Obama over the GOP's goals of slicing spending and dismantling his health care law. The Senate was beginning a spring recess after approving the measure, leaving Congress' two GOP- run chambers to negotiate a...

  • NEW YORK— A JetBlue Airways pilot who scared passengers by yelling about Jesus and al-Qaida during a 2012 trip from New York to Las Vegas sued the airline for more than $16 million Friday, saying it jeopardized the flight by failing to recognize he was ill. The lawsuit said Osbon, 52, was a flight standards captain who primarily flew Airbus planes and helped...

  • NEW YORK, March 27- A former JetBlue Airways Corp pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton Osbon, 52, filed his lawsuit in Manhattan federal court three days after the crash of a Germanwings plane in the...

  • JetBlue sued by ex-pilot who had midair meltdown Friday, 27 Mar 2015 | 5:24 PM ET

    NEW YORK, March 27- A former JetBlue Airways Corp pilot whose midair meltdown forced an emergency landing of a 2012 flight on Friday sued the carrier for $14.9 million, saying it should have grounded him because it knew he was incapable of flying. Clayton Osbon, 52, filed his lawsuit in Manhattan federal court three days after the crash of a Germanwings plane in the...

  • NEW YORK, March 27- Wall Street investors may find little reason to make big moves next week as they await monthly U.S. jobs data and any news that could change expectations for the first interest rate hike in almost a decade. The Labor Department report is due on Friday, when the stock market will be closed for Good Friday, leaving investors unable to trade on the data...

  • BISMARCK, N.D.— For the first time in more than six years, North Dakota doesn't have the lowest unemployment rate in the nation, due in part to sliding oil drilling activity spurred by low crude prices. U.S. Bureau of Labor Statistics data released Friday show North Dakota's jobless rate in February was 2.9 percent, up from 2.8 percent in January.

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 21 this week to 1,048 amid falling oil prices. Houston- based Baker Hughes said Friday 813 rigs were seeking oil and 233 exploring for natural gas. Among major oil- and gas-producing states, Alaska, Louisiana, Oklahoma and Texas each...

  • March 27- The number of rigs drilling for oil in the United States declined by 12 this week to 813, the smallest decline since December, oil services firm Baker Hughes said in its closely watched survey on Friday. With the decline this week, the number of oil rigs has fallen for a record 16th week in a row to the lowest level since 2011, according to Baker Hughes data...

  • Scott Walker left a tour of the U.S.- Mexico border without addressing questions being raised about his stance on immigration. Instead, the two-term governor arrived in Texas after reports that he expressed support for giving immigrants a pathway to citizenship during a recent closed-door meeting. New Hampshire GOP chairwoman Jennifer Horn, who organized...

  • With the price of crude plumbing lows not seen since 2009, Royal Dutch Shell, Whiting Petroleum Corp and many others are turning to rocket fuel, Big Data, lasers, spectrometers and other new or revamped technologies to do more for less. Baker Hughes Inc saw more client inquiries about products that increase efficiency of existing wells in the first three months...

  • COLUMN-California motorists hit the road again: Kemp Friday, 27 Mar 2015 | 9:05 AM ET

    LONDON, March 27- California's gasoline sales are rising at some of the fastest rates for a decade, as an improving economy and lower fuel prices encourage more driving, according to state tax records. California motorists consumed almost 960,000 barrels of gasoline per day in 2014, equivalent to about 1 percent of global oil demand. There is no reason to believe...

  • AKRON, Ohio— A federal agency has directed the Texas- based company behind a proposed northeastern Ohio natural gas pipeline to investigate an alternative route that would relocate the $2 billion project to less populated areas. The city of Green has proposed moving about 103 miles of the Nexus pipeline away from southern Summit County and northern Stark...

  • NEW YORK— Firefighters using high-powered water towers worked Friday to extinguish pockets of fire at the site of an apparent gas explosion in Manhattan's East Village as authorities reported that two people were unaccounted for. An hour before an apparent gas explosion sent flames soaring and debris flying at a Manhattan apartment building, injuring 19...