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  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

  • LinnCo shares rise in market debut Friday, 12 Oct 2012 | 10:42 AM ET

    Oct 12- Shares of LinnCo LLC, a company set up to buy a stake in U.S. oil and gas producer Linn Energy LLC, rose as much as 3 percent on their debut, a day after the company priced its offering at $36.50 per share.

  • Lexicon Pharma rises on new tumor drug data Friday, 12 Oct 2012 | 10:41 AM ET

    NEW YORK-- Shares of Lexicon Pharmaceuticals Inc. rose Friday after the company reported new clinical study data for its potential drug telotristat, which treats a condition caused by tumors in the gastrointestinal tract. Lexicon shares gained 12 cents, or 5 percent, to $2.51 in morning trading.

  • Armstrong foundation fighting for future Friday, 12 Oct 2012 | 9:42 AM ET

    AUSTIN, Texas-- Lance Armstrong can never ride again in the world's top cycling races. His cancer-fighting foundation, however, plans to plunge ahead, despite the sanctions laid on Armstrong by the U.S. Anti-Doping Agency and its blistering report that portrays the cyclist as cheating his way through seven Tour de France victories.

  • Devon Energy to move Houston operations to OKC Friday, 12 Oct 2012 | 9:29 AM ET

    OKLAHOMA CITY-- Oklahoma-based Devon Energy Corp. says it will close its office in Houston and transfer operations to Oklahoma City. The oil and gas company has about 500 employees in its Houston office, which now serves as the operations center for Devon's oil and natural gas fields in south and east Texas and Louisiana.

  • LONDON, Oct 12- Frantic drilling activity across the United States has at last begun to moderate, as the industry responds to the plunge in prices for natural gas and now liquids such as butane and natural gasoline.

  • KMG Chemicals 4Q net income more than triples Friday, 12 Oct 2012 | 8:48 AM ET

    HOUSTON-- KMG Chemicals' fiscal fourth-quarter net income more than tripled, as it lowered expenses and saw sales strengthen in its electronic chemical division. The Houston company earned $3.9 million, or 33 cents per share, for the three months ended in July 31. That's up sharply from $1.2 million, or 10 cents per share, in the year-earlier period.

  • Oct 12- Cleaning services company Ecolab Inc. St. Paul, Minnesota- based Ecolab will pay about $1.7 billion in cash and issue about 8 million shares to Champion, subject to certain adjustments at and after closing. Houston- based Champion, whose competitors include Schlumberger NV, Halliburton Co and Baker Hughes Inc, had sales of $1.2 billion last year, Ecolab said.

  • Oct 12- Cleaning services company Ecolab Inc. Ecolab's shares closed at $63.67 on the New York Stock Exchange on Thursday. Houston- based Champion, which competes with companies such as Schlumberger NV, Halliburton Co and Baker Hughes Inc, had sales of $1.2 billion last year, Ecolab said.

  • Ecolab buying Champion Technologies in $2.2B deal Friday, 12 Oct 2012 | 7:46 AM ET

    ST. PAUL, Minn.-- Ecolab, the cleaning, food safety and pest-control services company, is buying the specialty chemical company Champion Technologies in a cash-and-stock deal valued at about $2.2 billion.

  • Forest Oil selling South Louisiana properties Friday, 12 Oct 2012 | 7:16 AM ET

    DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.

  • *Pre-weekend profit taking pressures prices. *Coming up: Baker Hughes rig data, CFTC trade data Friday. NEW YORK, Oct 12- U.S. natural gas futures lost ground on Friday after four straight days of gains, lightly pressured by forecasts for fairly mild U.S. weather next week and some profit taking following the front-month's climb to a fresh 2012 high in overnight trade.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • LinnCo prices IPO at $36.50 per share - underwriter Thursday, 11 Oct 2012 | 6:25 PM ET

    Oct 11- LinnCo LLC, an affiliate of oil and gas company Linn Energy LLC, priced its initial public offering at $36.50 each, raising about $1.10 billion, an underwriter said. LinnCo said it will use the proceeds to buy as many units from Linn Energy as the number of shares it sold in the IPO. Linn Energy, in turn, intends to use the proceeds to repay debt.

  • KBR gets Army logistics contract Thursday, 11 Oct 2012 | 6:14 PM ET

    HOUSTON-- Defense contractor KBR Inc. said Thursday that it has been picked as one of the main contractors on a project that gets Army equipment ready for deployment. KBR said that as the prime contractor, it will be able to bid on individual task orders from the Army.

  • Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.

  • United Airlines retreats, drops airfare increase Thursday, 11 Oct 2012 | 6:11 PM ET

    United Airlines said Thursday that it rolled back an increase of $4 to $10 per round trip on many U.S. routes. Delta Air Lines, which had matched the price hike that United started on Tuesday night, dropped prices back earlier Thursday.

  • CENTENNIAL, Colo., Oct 11- Attorneys for accused Colorado gunman James Holmes on Thursday proposed postponing a preliminary hearing on the merits of the case against him, likely until next year, while complaining that media meddling was delaying their work.

  • NEW YORK/ HOUSTON, Oct 11- Oil major BP Plc has secured U.S. government permission to ship U.S. crude oil to Canada, and Royal Dutch Shell has applied for an export license, as rising production in the world's top oil consumer upends global energy flows.

  • Is Penney breaking its 'no coupon' promise? Thursday, 11 Oct 2012 | 5:52 PM ET

    NEW YORK-- Is J.C. Penney breaking its promise to offer no more coupons? In its latest email to customers, the department store chain's CEO Ron Johnson not only offered an update on the recent changes at the chain, but also dangled an incentive to come back: $10 off customers' next purchase.