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  • US running out of room to store oil; price collapse next? Wednesday, 4 Mar 2015 | 11:51 AM ET

    That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, according to the Energy Department. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • DETROIT— Toyota has announced sweeping management changes that consolidate power with North American CEO Jim Lentz and promote some U.S. executives to senior posts in Japan. Toyota also promoted North American communications chief Julie Hamp to chief communications officer for the entire company. And it named Chris Reynolds a managing officer and chief...

  • Lexicon tops Street 4Q forecasts Wednesday, 4 Mar 2015 | 8:42 AM ET

    THE WOODLANDS, Texas _ Lexicon Pharmaceuticals Inc. on Wednesday reported a loss of $2.9 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Four analysts surveyed by Zacks expected $12.2 million.

  • BOSTON, March 4- Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission. "CITs are more opaque to the outside world because reporting requirements are not as stringent," said Michael Rawson,...

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

  • Republicans on the committee that oversees financial services disagree, and Texas Representative Randy Neugebauer plans to introduce a bill later this week to replace the agency's director with a five-person commission appointed by the president. "Sometimes, I think you are trying to do good, but in the end, what you do creates harm to an industry where people...

  • Oil and gas contractor Cal Dive files for bankruptcy Tuesday, 3 Mar 2015 | 6:28 PM ET

    March 3- Offshore oil and gas contractor Cal Dive International Inc said the company and its U.S. subsidiaries filed for voluntary bankruptcy protection. Cal Dive's foreign units have not sought bankruptcy protection and will continue to operate outside of any reorganization proceedings, the company said on Tuesday. Cal Dive has been hurt by the slump in...

  • Bazaarvoice reports 3Q loss Tuesday, 3 Mar 2015 | 5:13 PM ET

    AUSTIN, Texas _ Bazaarvoice Inc. on Tuesday reported a loss of $4.1 million in its fiscal third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share. Bazaarvoice shares have climbed 13 percent since the beginning of the year.

  • CASPER, Wyo.— Oil companies that operate in Wyoming report that they are holding off on hydraulic fracturing and are waiting to complete newly drilled oil wells to save money during low oil prices. EOG Resources, headquartered in Houston, announced that it plans to delay fracking 285 wells. Chesapeake Energy, based in Oklahoma City, likewise plans to wait until...

  • Oil glut at a glance: Where the US stores its oil Tuesday, 3 Mar 2015 | 1:06 PM ET

    Cushing, Oklahoma, 82 million barrels. Houston, Texas, 36 million barrels. Beaumont- Nederland, Texas, 30 million barrels.

  • That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • The Houston company forecast 2015 capital investments in the range of $5.4 billion to $5.8 billion, excluding those associated with its Western Gas Partners LP unit. In addition to earmarking 60 percent of its budget for onshore shale wells, Anadarko said it plans to drill nine to 12 deepwater exploration wells offshore Colombia, Kenya and the Gulf of Mexico.

  • Primoris Services misses Street 4Q forecasts Tuesday, 3 Mar 2015 | 8:09 AM ET

    DALLAS— Primoris Services Corp. on Tuesday reported fourth-quarter net income of $8.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Primoris Services shares have declined slightly more than 9 percent since the beginning of the year.

  • Quanex reports 1Q loss Tuesday, 3 Mar 2015 | 7:43 AM ET

    HOUSTON _ Quanex Building Products Corp. on Tuesday reported a loss of $3.1 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • United Development Funding IV posts 4Q profit Tuesday, 3 Mar 2015 | 7:43 AM ET

    GRAPEVINE, Texas _ United Development Funding IV on Tuesday reported fourth-quarter net income of $13.6 million. United Development Funding IV expects full-year earnings to be $1.80 to $1.90 per share. United Development Funding IV shares have fallen slightly more than 9 percent since the beginning of the year.

  • Stage Stores tops 4Q profit forecasts Tuesday, 3 Mar 2015 | 7:43 AM ET

    HOUSTON _ Stage Stores Inc. on Tuesday reported fiscal fourth-quarter earnings of $43.7 million. Stage Stores expects full-year earnings to be $1.20 to $1.28 per share, with revenue in the range of $1.64 billion to $1.68 billion. Stage Stores shares have increased slightly since the beginning of the year.

  • EVANSVILLE, Ind.— Personal finance company Springleaf Holdings is buying Citigroup's OneMain Financial for $4.25 billion. The Citigroup subsidiary, originally founded as Commercial Credit, has about 5,600 employees. Citi said that it will use part of the proceeds from the sale to retire certain funding that currently supports Citi Holdings.

  • HOUSTON, March 3- Personal friendships are turning sour as some workers cross picket lines in the lingering U.S. refinery strike, with companies pushing laborers to return to work by saying they could lose their bonuses. A month into the biggest U.S. refinery walkout in 35 years, money is tight as strike pay from the United Steelworkers union is a fraction of normal...

  • NEW YORK— At 656,000 pounds fully loaded and the length of six school buses, the Boeing 777-200 ER is hard to miss. In an age when a missing iPhone or a FedEx package can be tracked, it's unfathomable that something the size of a Boeing 777 could never be found. "The public's perception of what's acceptable has changed radically," said Todd Curtis, a former Boeing safety...

  • Then-Fort Worth Police Chief Jeffrey Halstead and Taser International had a close relationship before and after the city signed a contract to purchase body cameras last year. —February 2014: Taser gives Fort Worth an estimate for providing 400 Axon body cameras and a five-year subscription to its Evidence.com storage program. —March 4, 2014: Taser salesman...