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  • Here's why Obama is approving Arctic drilling again Wednesday, 1 Apr 2015 | 1:55 PM ET

    WASHINGTON, April 1- For a leader who has made fighting climate change a priority, President Barack Obama's decision to approve Royal Dutch Shell's return to oil and gas exploration off Alaska was seen by many environmentalists as a contradiction. But Shell, which has already spent about $6 billion exploring the Arctic, expects to return to polar waters this...

  • LITTLE ROCK, Ark., April 1- Republican Arkansas Governor Asa Hutchinson on Wednesday rejected a religion bill he had said he would sign into law, reversing course after a national firestorm of criticism assailing such legislation as discriminating against gays and lesbians. The governor said his own son had asked him to veto it, adding a personal element to the...

  • With backing from Saudi Aramco and partnerships with well-known industry players including the Linde Group and Brazilian petrochemical company Braskem, Dineen hopes to break into natural gas processing with improvements that make the decades-old technology economical. Abundant domestic natural gas from the shale boom prompted plans by Royal Dutch...

  • Indiana's Republican Governor Mike Pence pledged on Tuesday to rewrite the law he rushed through last week after Wal-Mart Stores Inc., Apple Inc. and other major businesses said it sent a message that the state was intolerant. Wal-Mart, the world's biggest retailer, and other companies also piled pressure on Arkansas' Republican Governor Asa Hutchinson,...

  • When the high-speed action sequel "Furious 7" debuts this weekend, audiences at Hollywood's famous TCL Chinese Theatre will see every tire skid and fistfight in Imax's brand-new laser format. Imax's first laser projector just started operating in Toronto's Scotiabank Theatre in December. The Chinese Theatre, one of the largest Imax theaters in the world, is...

  • LONDON, April 1- More than 1 million barrels of crude oil move by train across the United States every day, according to data published for the first time by the government on Tuesday. The volume of crude shipped by rail has increased more than 50- fold in five years, from just 630,000 barrels in January 2010 to 33.7 million barrels in January 2015, the Energy...

  • Retractable Technologies posts 4Q profit Wednesday, 1 Apr 2015 | 8:21 AM ET

    LITTLE ELM, Texas _ Retractable Technologies Inc. on Wednesday reported fourth-quarter net income of $702,000, after reporting a loss in the same period a year earlier. The Little Elm, Texas- based company said it had net income of 2 cents per share. Keywords: Retractable Technologies, Earnings Report.

  • Vertex Energy reports 4Q loss Wednesday, 1 Apr 2015 | 7:48 AM ET

    HOUSTON _ Vertex Energy Inc. on Wednesday reported a fourth-quarter loss of $11.5 million, after reporting a profit in the same period a year earlier. The Houston- based company said it had a loss of 47 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

  • Simon calls off $16.8B bid to create mall colossus Wednesday, 1 Apr 2015 | 6:43 AM ET

    INDIANAPOLIS— Simon Property Group is calling off its hostile $16.8 billion takeover bid for Macerich, which would have tied together two of the nation's largest mall operators. The Indianapolis company upped its bid two weeks ago to $95.50 per share from $91, calling that its best and final offer and giving Macerich an April 1 deadline to respond.

  • SYDNEY, April 1- A half-decade after insulating Australia from the worst of the global financial crisis, the mining state of Western Australia is for the first time being forced to defer much-needed royalties as iron ore prices plummet. Western Australia- five times the size of Texas- counts on royalties from mining companies for tens of thousands of jobs and...

  • A look at microbrewery laws being considered nationwide Wednesday, 1 Apr 2015 | 3:42 AM ET

    Doug Ducey signed a bill Tuesday that allows microbreweries to make up to 6.2 million gallons of beer per year, removing the old limit of 1.2 million gallons. That is an issue for Arizona- based Four Peaks Brewing Company, a growing player in the industry. Wyoming lawmakers passed legislation in February allowing microbreweries to expand annual production from...

  • WASHINGTON, April 1- Several Republican governors likely to run for president have secured hundreds millions of dollars under Obamacare while working to dismantle the healthcare law, according to a Reuters review of federal spending records. Governors Scott Walker of Wisconsin, Chris Christie of New Jersey, Bobby Jindal of Louisiana and former Texas...

  • SAN DIEGO— With the American Pharmacists Association taking a stance this week, the medical community is now united in its opposition to playing any role in capital punishment killings. "What happens in the course of an execution can be extremely ugly and excruciatingly painful," said Cheryl Pilate, a Kansas City, Missouri, attorney who has represented two...

  • Willbros reports 4Q loss Tuesday, 31 Mar 2015 | 6:36 PM ET

    HOUSTON _ Willbros Group Inc. on Tuesday reported a fourth-quarter loss of $36 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Willbros expects full-year revenue in the range of $1.4 billion to $1.6 billion.

  • NEW YORK, March 31- Intercontinental Exchange Inc's NYSE Arca had a technical glitch on Tuesday that resulted in some of the most popular exchange-traded funds being temporarily unavailable for trading and some investors paying more for stocks than they otherwise may have. ETFs have exploded in popularity over the past decade, making up 25-30 percent of all...

  • DES MOINES, Iowa— A watchdog group is accusing four potential 2016 presidential candidates of skirting federal campaign finance rules while traveling and raising money as if they were off and running. In complaints filed with the Federal Election Commission on Tuesday, the Campaign Legal Center says Florida Republican Jeb Bush, Maryland Democrat Martin...

  • Quest Resource reports 4Q loss Tuesday, 31 Mar 2015 | 4:42 PM ET

    FRISCO, Texas _ Quest Resource Holding Corp. on Tuesday reported a loss of $1.8 million in its fourth quarter. On a per-share basis, the Frisco, Texas- based company said it had a loss of 2 cents. Keywords: Quest Resource, Earnings Report.

  • President Barack Obama on Tuesday vetoed a measure by Republicans in Congress that would have blocked a government labor agency's rules designed to speed up the time it takes to unionize workers. The Senate and House of Representatives, voting along party lines, approved a resolution this month that would have stopped enactment of the rules.

  • NY joins 4 states in suing subscriptions companies Tuesday, 31 Mar 2015 | 1:33 PM ET

    ALBANY, N.Y.— New York has joined four other states in suing companies they say sell magazine and newspaper subscriptions at inflated prices and without the permission of the publishers. New York Attorney General Eric Schneiderman says it's illegal in his state to trade on the name of reputable publications, use deceptive advertising and trick consumers into...

  • UPDATE 1-Refiner Delek in talks to buy Alon Israel Tuesday, 31 Mar 2015 | 11:42 AM ET

    Alon USA's refineries in Texas, California and Louisiana have an aggregate crude oil throughput capacity of about 217,000 barrels per day. Financial terms were not mentioned by either Alon USA of Delek in their regulatory filings disclosing the merger talks. As of Monday's close, Alon USA had a market capitalization of $1.11 billion and Delek was valued at...