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  • AUSTIN, Texas— Blue Bell Creameries will survive the crisis caused by a recent recall of products prompted by a finding of bacterial contamination in some of its products, but it will take a lot of work and a lot of money, experts said. The U.S. Centers for Disease Control and Prevention reported earlier this month that three people in Texas had the same strain of...

  • April 17- U.S. arms maker Raytheon Co has agreed to buy Websense Inc from private equity firm Vista Equity Partners LLC, in a deal that values the network security company at $1.9 billion, including debt, according to people familiar with the matter. Raytheon will combine Websense with its own cybersecurity operations and have an 80 percent stake in the combined...

  • US oil and natural gas rig count drops by 34 to 954 Friday, 17 Apr 2015 | 7:50 PM ET

    Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices. Houston- based Baker Hughes said Friday 734 rigs were seeking oil and 217 explored for natural gas. Among major oil- and gas-producing states, Texas plummeted by 15 rigs; Oklahoma was down six;...

  • A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead. They were sold at Home Depot stores nationwide from April 2011 to March 2015.

  • HOUSTON— Four companies and five individuals have been accused of illegally exporting to Iran high-tech electronics that could be used for military weapons. The indictment names Houston- based Smart Power Systems Inc., plus companies operating in Taiwan, Turkey and Iran. Some defendants are from Houston and Los Angeles, with arrests carried out in Texas and...

  • Texas House approves gutting municipal fracking bans Friday, 17 Apr 2015 | 3:19 PM ET

    HOUSTON, April 17- The Texas House overwhelmingly approved a bill on Friday that would give the state the exclusive right to regulate the oil and gas industry, and gut the power of municipalities to pass anti-fracking rules. In Texas, the top U.S. crude producer and the birthplace of fracking, the bill also needs to be passed by the state's Senate and signed by the...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department on Friday. Reforms will "ensure that American taxpayers receive a fair return from energy resources developed on their public lands," Neil Kornze, director of the Interior Department's Bureau of Land...

  • NY comptroller approves Medicaid contract for Xerox Friday, 17 Apr 2015 | 2:44 PM ET

    ALBANY, N.Y.— New York's comptroller on Friday approved a $565 million contract award to Xerox to redesign and operate the information management system for the state's Medicaid program. The comptroller's office said its review found insufficient grounds in the protests by Computer Sciences Corp. and Hewlett-Packard to overturn the award.

  • *Exxon Mobil front-runner for Mozambique LNG stake-sources. MILAN/ LONDON/ SINGAPORE, April 16- Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources said. The world's largest oil firm has been expected to follow...

  • SAN ANTONIO— Millions of dollars might have been saved through better management and by not leaving seats empty on U.S. Immigration and Customs Enforcement charter flights carrying detained immigrants to their home countries, according to an internal watchdog report released Friday. The Homeland Security Department's Inspector General said the flights,...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal the Interior Department is expected to announce on Friday. But most of that production is on private land in energy patches like North Dakota's Bakken or the Eagle Ford fields of Texas. Specifically, the Interior Department is considering...

  • PRINCETON, N.J.— The American Boychoir School in Princeton is fighting to keep its doors open after filing for bankruptcy last week. The Times of Trenton reports that the school has received donations and pledges totaling $140,000. Annual tuition for fourth- and fifth-grade students is $22,370 and $5,750 for boarding.

  • April 17- Schlumberger Ltd, the world's No.1 oilfield services provider, reported a smaller-than-expected fall in first-quarter margins as it continued to execute tight cost controls to combat a decline in drilling activity. Schlumberger shares rose as much as 3.3 percent to a near-five-month high of $94.89 on Friday, a day after the company reported a...

  • WASHINGTON— The Obama administration took a first step Friday toward a possible increase in fees charged for oil and gas companies to drill on federal lands. The Bureau of Land Management issued a notice seeking public comment on whether regulations are needed to give the government more flexibility in setting its fees. The Government Accountability Office...

  • Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. Schlumberger's profit tumbled 39 percent in the first quarter with oil companies cutting back on production in North America. Schlumberger has slashed spending to adapt, yet the fall-off has...

  • Comerica beats Street 1Q forecasts Friday, 17 Apr 2015 | 6:48 AM ET

    DALLAS _ Comerica Inc. on Friday reported first-quarter earnings of $132 million. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Comerica shares have decreased slightly more than 1 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 2 percent.

  • WILLISTON, N.D., April 17- Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models. Calpers and other investors will tell the SEC...

  • HOUSTON, April 16- Striking workers at the Marathon Petroleum Corp's Galveston Bay refinery in Texas City, Texas, rejected the company's "last, best and final" contract offer, according to a union official representing the workers. In rejecting the offer, the United Steelworkers told Marathon it was willing to resume negotiations on Monday in an effort to end the...

  • HOUSTON, April 16- Striking workers at the Marathon Petroleum Corp's Galveston Bay refinery in Texas City, Texas, rejected the company's final contract offer, said an official of the United Steelworkers union local representing the workers. In rejecting the offer, the union said told Marathon it was willing to resume negotiations on Monday in an effort to end...

  • UPDATE 2-Schlumberger to cut 11,000 more jobs Thursday, 16 Apr 2015 | 6:31 PM ET

    April 16- Schlumberger Ltd said it would cut a further 11,000 jobs and reduced its capital spending plan for this year as the world's No.1 oilfield services provider prepares for an extended period of lower activity and pricing pressure, especially in North America. The lower activity and pricing pressure led to a 9 percent drop in Schlumberger's...