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  • 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...

  • April 16- The Internal Revenue Service is seeking to recoup $3.22 billion from Texas businessman Samuel Wyly and the estate of his late brother Charles Wyly, after the brothers allegedly hid income by setting up sham overseas trusts. According to claims filings on Wednesday with the U.S. bankruptcy court in Dallas, the IRS believes Samuel Wyly owes $2.03...

  • Celanese tops 1Q profit forecasts Thursday, 16 Apr 2015 | 5:18 PM ET

    IRVING, Texas _ Celanese Corp. on Thursday reported first-quarter earnings of $236 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. Eight analysts surveyed by Zacks expected $1.65 billion.

  • The 5 biggest IPOs of the year so far Thursday, 16 Apr 2015 | 5:00 PM ET

    NEW YORK— The five companies that raised the most money in their stock market debut this year include GoDaddy, the web hosting company known for its racy TV commercials. The list, provided by Renaissance Capital, which manages IPO-focused exchange traded funds, ranks the companies by how much money they raised in their initial public offering.

  • DALLAS— The IRS wants $3.2 billion to cover back taxes that it says are owed by a prominent Texas businessman and his late brother who the IRS says hid income by setting up overseas trust funds. Stewart Thomas, a lawyer for the Wylys, called the IRS claims "unfair and absurd." At the time of the bankruptcy Sam Wyly listed assets of $100 million to $500 million, but his...

  • Nissan expands air bag recall after Louisiana injury Thursday, 16 Apr 2015 | 4:43 PM ET

    DETROIT— Nissan is adding 45,000 small cars to a previous recall after a Louisiana woman was injured by flying shrapnel from an exploding air bag. Nissan spokesman Steve Yaeger said the cars were added when Nissan found out about Wilson's injury while analyzing field data. In November, Nissan recalled more than 52,000 vehicles to fix potentially faulty...

  • First Financial tops 1Q profit forecasts Thursday, 16 Apr 2015 | 4:24 PM ET

    ABILENE, Texas _ First Financial Bankshares Inc. on Thursday reported first-quarter profit of $24 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Three analysts surveyed by Zacks expected $69.9 million.

  • House passes bill to repeal estate tax Thursday, 16 Apr 2015 | 12:18 PM ET

    Kevin Brady, R- Texas, who sponsored the bill. The bill now goes to the Senate where Democrats appear to have enough votes to block it. The White House has threatened to veto the bill in part because it would add $269 billion to the budget deficit over the next decade.

  • Rising prices and a dearth of homes for sale in many markets have made it harder for many looking to buy their first home. One of the biggest obstacles many are facing is saving up for a down payment, particularly in hotter markets where competition for the more affordable homes can quickly drive up prices and put pressure on buyers to bring more cash up front.

  • 'Most dangerous movie ever made' charges into theaters Thursday, 16 Apr 2015 | 8:15 AM ET

    So claims a trailer for the theatrical re-release of a little-seen 1981 adventure film starring Tippi Hedren, daughter Melanie Griffith and 150 lions, tigers, leopards, jaguars and elephants. Touted as the most dangerous movie ever made, "Roar" was the ill-fated brainchild of Alfred Hitchcock muse Hedren and her then-husband, "Exorcist" producer Noel Marshall.

  • Alliance Data tops Street 1Q forecasts Thursday, 16 Apr 2015 | 8:01 AM ET

    PLANO, Texas _ Alliance Data Systems Corp. on Thursday reported first-quarter earnings of $162.6 million. For the current quarter ending in June, Alliance Data expects its per-share earnings to be $3.20. Alliance Data expects full-year earnings to be $14.90 per share, with revenue expected to be $6.5 billion.