The rise and fall of states on CNBC's Top States for Business ranking is a reflection of economic trends. The biggest Cinderella story: Nevada.» Read More
Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.
Aug 6- Alpha Natural Resources Inc reported a smaller-than-expected second-quarter loss as the cost of selling coal in eastern United States declined 6 percent from the first quarter.
Aug 6- Coal miner Alpha Natural Resources Inc reported a slightly bigger adjusted net loss for the second quarter as coal prices remained weak. Alpha Natural is also being hurt by poor rail service in Wyoming's Powder River Basin, which is preventing the company from cashing in on an uptick in demand for electricity-generating coal.
Aug 6- U.S. refiner HollyFrontier Corp reported a fall in profit for the second quarter as its refining margins slumped 28 percent after a runup in U.S. crude oil prices. HollyFrontier, which operates refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah, usually benefits from access to cheap U.S. shale crude.
TOKYO, July 30- U.S. crude oil futures regained some of the previous day's losses to trade above $101 early on Wednesday, after industry data showed U.S. petroleum stockpiles fell much more sharply than expected. *U.S. crude futures for September delivery rose 8 cents to $101.05 a barrel by 0000 GMT, after finishing 70 cents lower on Tuesday.
July 29- Chesapeake Energy Corp said it would spend $1.26 billion to buy back all of the outstanding preferred shares issued by its CHK Utica unit to simplify its balance sheet and eliminate about $75 million in annual dividend payments.
WASHINGTON, July 24- Gas-rich states such as Texas should have the easiest time complying with planned Environmental Protection Agency regulations on carbon pollution from power plants, despite opposition from their lawmakers, a new study says.
July 24- Canada's Encana Corp, which is restructuring operations to end its reliance on low-value natural gas, said on Thursday oil and natural gas liquids production climbed 43 percent year-on-year in the second quarter of 2014.. Encana shares climbed 1.8 percent on the Toronto Stock Exchange to C $24.14.
"EPA goes beyond the plain reading of Clean Air Act Section 111 directing states to achieve questionable emission reduction targets from a limited menu of economically damaging and legally questionable' options'," said Senator David Vitter of Louisiana, the committee's top Republican.
July 22- Coal miner Peabody Energy Corp reported a 2 percent rise in quarterly revenue, helped by an increase in shipments and prices at its mining operations in western U.S. states such as Wyoming, Colorado and Montana.
The California cities of San Jose, Vallejo and San Diego all saw a heightened threat, as new fault lines have been recently discovered, the report said. It also upgraded the risks facing parts of the central and eastern United States, singling out areas near New Madrid, Missouri, and Charleston, South Carolina.
NEW YORK, July 14- A $6 billion takeover to create the biggest oil producer in the Bakken shale may also open up new opportunities for some big traders who ship oil from North Dakota and Montana to market.
NEW YORK, July 11- The Japanese yen was stable against the U.S. dollar, after jumping on Thursday as Portugal's largest bank sought to reassure investors about its financial stability. Banco Espirito Santo said on Thursday night that loan losses to the troubled empire of its founding family would not put the bank at risk of running short of capital.
CAMBRIDGE, United States- Federal Reserve Vice Chair Stanley Fischer speaks on "Financial Sector Reform" before a Martin Feldstein Lecture event hosted by the National Bureau of Economic Research in Cambridge- 2030 GMT.
BEIJING- Sixth round of the U.S.- China Strategic and Economic Dialog will be held in Beijing, China. Treasury Secretary Jacob Lew and Secretary of State John Kerry will join their respective Chinese co-chairs, Vice Premier Wang Yang and State Councilor Yang Jiechi, for the Dialog.
CHARLOTTE, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, July 2014" before a luncheon hosted by the Rotary Club of Charlotte in Charlotte- 1700 GMT.
WELLINGTON- Reserve Bank of New Zealand Deputy Governor Geoff Bascand delivers a speech on "The evolution of New Zealand's currency." AIX-EN-PROVENCE, France- ECB Executive Board member Benoit Coeure speaks at a conference in Aix-en-Provence on European investments- 0815 GMT.
*U.S. markets closed on Friday for Independence Day. SYDNEY/ TOKYO, July 4- The dollar held firm at one-week highs on Friday, having pulled sharply ahead of its peers after surprisingly strong U.S. jobs growth added to hopes the economy is pulling out of a first quarter slump.
AIX-EN-PROVENCE, France- Annual "Davos in Provence" meeting. Speakers:- IMF chief Christine Lagarde, ECB Executive board member Benoit Coeure, Bank of France Governor Christian Noyer and France Finance Minister Michel Sapin.
FRANKFURT- ECB Governing Council meeting, followed by interest rate announcement and a news conference- 1145 GMT. STOCKHOLM- Swedish Central Bank announces interest rate decision. HOBART, Australia- RBA Governor Glenn Stevens addresses the Australian Conference of Economists and the Econometric Society Australasian Meeting in Hobart- 0100 GMT.