Energy tycoon Boone Pickens predicted Friday that oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year.» Read More
The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.
Oct 2- Fitch Ratings has assigned the following ratings for Tenet Healthcare Corp.' s. The ratings apply to approximately $4.9 billion of debt at June 30, 2012.
NEW YORK-- Standard& Poor's Ratings Services upgraded its rating outlook on Group 1 Automotive Inc. Tuesday, saying that the automotive retailer's credit measures have improved since the recession and may make further gains soon. Group 1' s shares rose 93 cents to close at $61.50. The stock has traded between $33.31 and $61.34 in the past 52 weeks.
HOUSTON-- Two activist groups said Tuesday they sent an email to more than 71,000 Shell Oil employees that pretended to be from a fake company division and provided information about a U.S. Supreme Court case involving the company.
MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.
DALLAS-- Oil tycoon T. Boone Pickens and his fourth wife, Madeleine, are filing for divorce. Boone Pickens is an Oklahoma native who made much of his fortune in oil drilling.
LOS ANGELES, Oct 2- Japan's Sumitomo Corp. The photovoltaic solar project is being built by First Solar Inc and has agreements in place to provide power to California utilities Southern California Edison and Pacific Gas& Electric. It is expected to be fully operational by 2015, according to First Solar's website.
--Group 1 Automotive Inc.' s credit measures, in our opinion, have the potential for continued modest improvement in the year ahead. --We are revising our' BB' rating outlook on Group 1 to positive from stable. Rating Action On Oct. 2, 2012, Standard& Poor's Ratings Services revised its rating outlook on Houston- based automotive retailer Group 1 Automotive Inc..
LONDON, Oct 2- Somalia, hoping to share in East Africa's oil and gas boom, has invited back international oil companies that held exploration licences before civil war broke out two decades ago, an adviser to the government said.
HOUSTON-- Shares of Genesis Energy LP fell after the oil and gas pipeline and refining company said an offering of 6 million units from its shareholders priced at a 7 percent discount to Monday's closing price. Units closed at $34.56 Monday and were priced at $32.15. Shares fell $1.25, or 3.6 percent, to $33.31 in afternoon trading Tuesday.
DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.
Lynn Helms says North Dakota crude oil also could be in demand to make jet fuel for Delta Air Lines Inc.. He says they'll make it easier for North Dakota crude oil to flow to refineries in Texas and the Gulf Coast. The airline is exploring getting North Dakota crude, because it's cheaper than oil from Britain's North Sea.
SIOUX FALLS, S.D.-- A company that planned to build a $10 billion oil refinery said Monday it has allowed land-purchase options to expire for thousands of acres of southeastern South Dakota farmland.
The investigation, one of the several involving the company, was initiated in 2005 and covered DaVita's joint ventures, financial relationships with physicians and services provided to patients, and included the administration and billing of DaVita's anemia drug, Epogen.
DENVER-- Court documents show Dallas- based Elm Ridge Exploration Co. has agreed to pay $275,000 to settle allegations that it violated emission standards at its Ignacio gas treating plant on the Southern Ute Indian Reservation in Colorado.
By Robin Paxton and Mariya Gordeyeva ASTANA, Oct 2- U.S. oil major ConocoPhillips. Asked on Tuesday whether ConocoPhillips would sell its stake in the consortium, Kazakh Oil and Gas Minister Sauat Mynbayev told reporters: "They have informed that they have the intention of selling."
Jim Nash is such a big Yankees fan that he named his son George Mattingly Nash, combining two of his favorite players: George Herman Ruth and Don Mattingly. Now, power up the computer and get a prize from the likes of R.A. Dickey, Cliff Lee, Andrew McCutchen and Clayton Kershaw.
NEW YORK, Oct 2- U.S. natural gas futures slid nearly 2 percent early on Tuesday in some profit-taking from their five-day, nearly 23 percent run up to their highest mark this year. There are a lot of nuclear plants off line and some near-term cold, but we need to see where the market stands after this cold spell, "one Texas- based trader said.