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  • No tax refund? Victims of fraud voice frustration Friday, 11 Apr 2014 | 10:13 AM ET

    Thieves have claimed billions of dollars in bogus tax refunds from the IRS by swiping the Social Security numbers and identities of ordinary people.

  • COLUMN-U.S. oil reserves highest since 1970s: Kemp Friday, 11 Apr 2014 | 7:53 AM ET

    LONDON, April 11- U.S. exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published on Thursday. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013..

  • RIO DE JANEIRO, April 11- The purchase of a Texas oil refinery by Brazil's state-run oil company has become a campaign issue as opponents of President Dilma Rousseff use it to attack her reputation as a no-nonsense manager and weaken her lead ahead of the October election.

  • Tax refund fraud is a big frustration for victims Friday, 11 Apr 2014 | 2:09 AM ET

    TOLEDO, Ohio— Laura Hankins knew something was wrong when she filed her daughter's tax return and it was rejected hours later: An identity thief already had sent in a return using the 19- year-old's personal information.

  • Ailing Puerto Rico open to radical economic fixes Friday, 11 Apr 2014 | 12:04 AM ET

    SAN JUAN, Puerto Rico— Slash the number of public holidays by two-thirds. From the intriguing to the impossible, there is no shortage of ideas for fixing Puerto Rico's ailing economy as the government tries to dig out from a whopping $70 billion in public debt and bring back economic growth.

  • *VIX, Wall Street's fear index, jumps 15 percent. NEW YORK, April 10- The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback.

  • *Biotech index has worst day since August 2011. NEW YORK, April 10- The Nasdaq suffered its biggest drop in two-and-a-half years on Thursday after another sharp selloff in biotech and momentum names, including Gilead Sciences and TripAdvisor, increasing investor anxiety about a broader pullback.

  • Feds: Pipe tear caused 2009 oil refinery blast Thursday, 10 Apr 2014 | 4:46 PM ET

    SALT LAKE CITY— A 2009 explosion at a northern Utah oil refinery that knocked a neighboring home off its foundation and singed dozens of others began with a corroded pipe that went years without proper inspection, federal investigators say.

  • Cynthia Giles, assistant administrator for the EPA's office of enforcement, wrote in a blog post that the agency remained committed to punishing polluters that violate U.S. rules but needed to prioritize because of budgetary and staffing constraints.

  • CARACAS, April 10- Asia overtook North America last year as the main destination for Venezuelan exports of crude oil and processed fuels, according to preliminary data submitted to parliament by state oil company PDVSA. Asia received an average of 1.04 million barrels per day from Venezuela in 2013, up a fifth compared with the previous year.

  • 11 Senate Democrats to Obama: Approve Keystone XL Thursday, 10 Apr 2014 | 2:57 PM ET

    WASHINGTON— Eleven Senate Democrats, including six who face contested races this year, urged President Barack Obama on Thursday to approve the Keystone XL oil pipeline by the end of May.

  • April 10- Rite Aid Corp, the third-largest U.S. drugstore operator, forecast fiscal 2015 sales above analysts' estimates as it benefits from the launch of new generic drugs and enrolls more customers in its loyalty programs.

  • Oil-by-rail terminal proposed for Washington state Thursday, 10 Apr 2014 | 1:34 PM ET

    SEATTLE— U.S. Development Group is seeking permits to build an oil terminal on the Washington coast that could handle about 45,000 barrels of crude oil a day. The $80 million proposal at the Port of Grays Harbor is one of several in Washington that together would bring millions of barrels of oil by train from the Bakken region of North Dakota and Montana.

  • Airlines' on-time record took a beating in Feb. Thursday, 10 Apr 2014 | 11:47 AM ET

    The U.S. Department of Transportation reported Thursday that only 70.7 percent of domestic flights arrived within 14 minutes of schedule— that's the leeway allowed while still being counted as on-time.

  • IKEA buying Illinois wind-energy project Thursday, 10 Apr 2014 | 11:40 AM ET

    CHAMPAIGN, Ill.— The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company's initiative to offset its energy use with renewable energy generation.

  • US says oil reserves highest since 1976 Thursday, 10 Apr 2014 | 11:04 AM ET

    Crude oil reserves in the U.S. grew for the fourth straight year, reaching the highest level since 1976, according to an Energy Department report released Thursday. The report says reserves grew 4.5 billion barrels, or 15 percent, to 33 billion barrels in 2012. It was the biggest one-year jump since 1970..

  • Retail gasoline prices up nickel across Texas Thursday, 10 Apr 2014 | 10:38 AM ET

    IRVING, Texas— Retail gasoline prices have risen a nickel this week across Texas. AAA Texas on Thursday reported the average price at the pump has reached $3.43 per gallon. Drivers in Dallas-Fort Worth are paying the most statewide for gasoline, at $3.49 per gallon.

  • Average US 30-year mortgage rate down to 4.34 pct. Thursday, 10 Apr 2014 | 10:04 AM ET

    WASHINGTON— Average U.S. rates on fixed mortgages declined this week, edging closer to historically low levels as the spring home-buying season begins. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30- year loan fell to 4.34 percent from 4.41 percent last week.

  • How states fared on unemployment benefit claims Thursday, 10 Apr 2014 | 9:05 AM ET

    WASHINGTON— Weekly applications for U.S. unemployment benefits dropped 32,000 last week to a seasonally adjusted 300,000. Claims fell to their lowest point since May 2007 _several months before the Great Recession started later that year. Pennsylvania: Down 2,007, due to fewer layoffs in food service and construction.

  • April 10- Rite Aid Corp forecast 2015 earnings above analysts' estimate, after reporting a higher-than-expected quarterly profit due to strong pharmacy same-store sales, sending its shares up about 10 percent before the bell. Rite Aid estimated full-year earnings of 31- 42 cents per share and sales of $26 billion- $26.5 billion.

Most Popular Video

Tuesday, 15 Apr 2014 | 11:31 PM ET

John Sculley, former Apple CEO and Managing Partner at Inflexionpoint, discusses his company's acquisitions in Singapore and India.

Tuesday, 15 Apr 2014 | 11:14 PM ET

Will Oswald, Global Head of FICC Research at Standard Chartered, says Beijing has the tools to guide its economy to a soft landing and expects a triple-R cut in the second-quarter.

Tuesday, 15 Apr 2014 | 10:46 PM ET

Jesper Bargmann, Head of Trading Markets for Singapore at Nordea, says a rise in U.S. interest rates could take the currency pair higher.