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  • Investors in beat-up oil bonds lean on banks for rescue Wednesday, 17 Dec 2014 | 1:00 AM ET

    BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...

  • Temporary tax breaks _ which ones affect you? Tuesday, 16 Dec 2014 | 8:23 PM ET

    Congress gave final approval Tuesday to a bill extending more than 50 expired tax breaks through the end of 2014. They include:. —A tax credit for the production of wind, solar and other renewable energy. Nine states have no tax on wages: Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming.

  • Nielsen's top programs for Dec. 8-14 Tuesday, 16 Dec 2014 | 5:12 PM ET

    3. "The Big Bang Theory," CBS, 15.49 million. 6. "60 Minutes," CBS, 11.38 million. 8. "Blue Bloods," CBS, 11.09 million.

  • Several hurt after American jet meets turbulence Tuesday, 16 Dec 2014 | 4:24 PM ET

    FORT WORTH, Texas— An American Airlines jet encountered severe air turbulence shortly after taking off from Seoul, South Korea, prompting an unscheduled landing at Narita International Airport in Tokyo after 14 people asked for medical attention. A statement issued by the Fort Worth, Texas- based carrier says American Flight 280 was headed for Dallas-Fort...

  • Where Christmas is most loved—and hated—in the US Tuesday, 16 Dec 2014 | 2:39 PM ET
    Atlanta Falcons cheerleaders during game in Atlanta.

    Every part of the U.S. loves Christmas, but one region loves it more than anywhere else.

  • WASHINGTON— A Congress that began with bright hopes for immigration legislation is ending in bitter divisions on the issue even as some Republicans warn that the political imperative for acting is stronger than ever for the GOP. Lindsey Graham of South Carolina, an author of the comprehensive immigration bill that passed the Senate last year with bipartisan...

  • Dec 16- Citgo Petroleum Corp, Venezuela's U.S. oil refining unit, has received revised bids from at least four bidders, some which have valued the company at more than $10 billion, according to three people familiar with the matter. The companies that made bids in December include Marathon Petroleum Corp, Valero Energy Corp, HollyFrontier Corp and a consortium of...

  • CALGARY, Alberta, Dec 16- Encana Corp, Canada's largest natural gas producer, said on Tuesday it will boost capital spending next year to focus on its profitable shale oil fields, bucking an industry-wide move to cut spending as oil prices tumble. Encana, which is increasing oil and natural gas liquids production under the direction of Chief Executive Doug...

  • RadioShack hires advisory firm Tuesday, 16 Dec 2014 | 9:29 AM ET

    NEW YORK— RadioShack is bringing in FTI Consulting as an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned again last week that it may have to seek bankruptcy protection. The company said in a regulatory filing on Tuesday that Carlin Adrianopoli, a senior managing director with FTI's corporate finance and...

  • Southwest bag workers picketing over flight delays Tuesday, 16 Dec 2014 | 4:00 AM ET

    For years, Dallas- based Southwest was the most punctual of big U.S. airlines, but it stumbled after trying to squeeze in more flights into its schedule. Southwest has also prided itself on keeping its employees happy, believing that would guarantee good service for its customers. "That recipe is kind of gone and it's profits over people and that's not acceptable,"...

  • Senate OKs nominees and tax bill as term ends Tuesday, 16 Dec 2014 | 3:17 AM ET

    WASHINGTON— The Democratic-controlled Senate confirmed the last batch of President Barack Obama's judicial appointees and sent the White House legislation extending tax breaks for working-class millions and special interests alike late Tuesday as Congress ended a tumultuous two-year run. But dozens of Obama's nominees to agency positions won...

  • Family of executed Ohio inmate sues expert witness Tuesday, 16 Dec 2014 | 1:57 AM ET

    Dershwitz said Ohio had jeopardized his standing with the American Board of Anesthesiology in a news release it issued about the Jan. 16 execution of McGuire because it implied he consulted on the execution method, which is prohibited by the national board. The family also added drug distributor McKesson Corp. to the lawsuit, saying the company distributed...

  • Willbros reports 3Q loss Monday, 15 Dec 2014 | 5:30 PM ET

    HOUSTON _ Willbros Group Inc. on Monday reported a loss of $3.4 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Analysts expected $569.2 million, according to Zacks.

  • Julio Camargo, a consultant for contractor Toyo Setal, and lobbyist Fernando Soares were charged along with Cervero with allegedly paying out $40 million in kickbacks to political parties, executives and contractors and accepting $13 million in bribes from Korean shipbuilder Samsung Heavy Industries, the prosecutors said in a statement.

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • LOS ANGELES, Dec 15- The union for 20,000 dockworkers and a group of their employers at 29 U.S. West Coast ports say they are making slow but steady progress in months-long contract talks seen by the shipping industry as a contributing factor in chronic cargo backups. The International Longshore and Warehouse Union and the Pacific Maritime Association,...

  • WASHINGTON, Dec 15- A U.S. federal appeals court on Monday threw out a human rights lawsuit brought against Occidental Petroleum Corp over allegations that it played a role in killings carried out by the Colombian military in 2004.. A three-judge panel of the San Francisco- based 9th U.S. Circuit Court of Appeals upheld a district court judge's decision to...

  • Range Resources latest to cut back on spending Monday, 15 Dec 2014 | 12:47 PM ET

    FORT WORTH, Texas— Range Resources is trimming its capital spending plans, just the latest energy producer to do as crude prices plunge to levels not seen since the recession. Natural gas prices have slid as well, but partly because of the success of companies like Range Resources in places like the Marcellus Shale in Pennsylvania, where production has...

  • AP NewsBreak: Golden Nugget drops tax suit threat Monday, 15 Dec 2014 | 12:46 PM ET

    TRENTON, N.J.— Atlantic City's Golden Nugget casino dropped a threat Monday to file a lawsuit blocking a package of tax relief for Atlantic City's eight casinos. The casino's general counsel, Steven Scheinthal, told The Associated Press that proposed changes to a tax bill the Golden Nugget had vehemently opposed should be enough to protect it.

  • Why oil is down by half, what it means for you Monday, 15 Dec 2014 | 12:33 PM ET

    To put that in perspective, that increase alone is more than the production of any OPEC member other than Saudi Arabia. A balance was struck: Increasing supplies from outside of OPEC and from Iraq's recovering oil industry helped meet rising demand around the world as other OPEC supplies waivered. But now those OPEC supplies look more certain despite...