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  • WASHINGTON— Barring a last-minute deal in Congress, three post- Sept. 11 surveillance laws used against spies and terrorists are set to expire as Sunday turns into Monday. That heated debate may recede to a simmer if senators, set to meet in an unusual Sunday session, decide to accept a House-passed bill that extends the programs and then send the measure to...

  • HARRISBURG, Pa., May 29- Chevron Corp. has paid a reported $5 million to settle a lawsuit filed last year by the parents of a worker who was burnt to death in a gas well fire in western Pennsylvania. Local media reported the $5 million settlement, saying it had been approved by a judge in Allegheny County Court of Common Pleas in Pittsburgh earlier this month.

  • OKLAHOMA CITY— Oklahoma cities and counties would no longer be able to ban hydraulic fracturing— a process commonly called fracking— or other oil and gas operations within their boundaries under a bill signed into law on Friday by Gov. A similar ban was signed into law last week by Texas' Republican Gov. Fallin and other Republican supporters say the bill...

  • NEW YORK, May 29- The accused mastermind behind the underground website Silk Road was sentenced on Friday to life in prison for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. Ulbricht had admitted to creating Silk Road, but denied wrongdoing. Ulbricht, who sniffled while speaking,...

  • US oil and natural gas rig count drops by 10 to 875 Friday, 29 May 2015 | 3:58 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875.. Houston- based Baker Hughes said Friday 646 rigs were seeking oil and 225 explored for natural gas. Among major oil- and gas-producing states, Texas lost four rigs, California declined by three and Arkansas,...

  • 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.

  • WASHINGTON— The Obama administration's latest plan on ethanol, the corn-based renewable fuel, probably will not have a major effect on pump prices, but could have political reverberations in Iowa and other farm states in the 2016 presidential campaign. The EPA said the standards set by the law cannot be achieved, due partly to limitations on the amount of...

  • 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...