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  • UPDATE 1-Obama vetoes Keystone XL pipeline bill Tuesday, 24 Feb 2015 | 4:06 PM ET

    WASHINGTON, Feb 24- President Barack Obama on Tuesday swiftly delivered on his vow to veto a Republican bill approving the Keystone XL oil pipeline from Canada, leaving the long-debated project in limbo for another indefinite period. The Senate received Obama's veto message and Senate Majority Leader Mitch McConnell immediately countered by announcing...

  • *Expects FY earnings $4.70- $4.80/ shr vs est. Feb 24- Macy's Inc said sales and margins in the current quarter would be hurt by disruptions at U.S. West Coast ports, and the retailer forecast full-year profit and revenue that fell short of analysts' expectations. The company, which operates the upscale Bloomingdale's chain as well as its namesake stores, forecast...

  • EU moves ahead with greenhouse gas trading reform Tuesday, 24 Feb 2015 | 12:33 PM ET

    BRUSSELS— European Union lawmakers have backed plans to reform the EU's vast greenhouse gas emissions trading scheme to protect it from fluctuations in the economy. The system sets limits on certain greenhouse gases that factories and power plants can emit and allows companies to trade allowances if they cannot avoid more emissions. Heavy fines are imposed...

  • NEW YORK— Wal-Mart is launching an online shop on its site that aims to help customers find products that are good for the environment from manufacturers that have been leaders in sustainability. The items are not being sold at a premium, says Rob Kaplan, Wal-Mart's director of product sustainability. The Sustainability Index analyzes and gathers information...

  • Brazil detains alleged deforestation king of Amazon Tuesday, 24 Feb 2015 | 11:00 AM ET

    RIO DE JANEIRO— Brazil has detained a land-grabber thought to be the Amazon's single biggest deforester, the country's environmental protection agency said. The Brazilian Institute of Environment and Renewable Natural Resources said Ezequiel Antonio Castanha, who was detained Saturday in the state of Para, operated a network that illegally seized...

  • WASHINGTON— Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency. Instead, Obama sought to reassert his authority to make the decision himself, rebuffing GOP lawmakers who will control both the House and...

  • DENVER— A Colorado task force is recommending that local governments be given a consulting role on some decisions about the location of large oil and gas facilities, but the panel decided against suggesting that cities and counties be allowed to enforce their own rules. The recommendations include expanding the staffs of two state agencies that regulate oil...

  • SEATTLE— A Skagit County hearing examiner handed conservation groups a victory Monday, ruling that an oil-by-rail project at the Shell Puget Sound Refinery near Anacortes should undergo a full environmental review. In 2013, Shell sought a development permit from Skagit County to build a rail spur from existing railroad tracks to handle oil brought in by...

  • CHEYENNE, Wyo.— About 150 people, businesses and organizations filed written comments on a proposal to increase minimum allowable distance between oil and gas wells and homes in Wyoming from 350 to 500 feet, state Oil and Gas Supervisor Mark Watson said Monday. Most comments had come from Laramie County and roughly half of all comments supported the change while...

  • NEW YORK, Feb 23- A cleanup was continuing in the Kanawha River in West Virginia on Sunday after an oil spill last week following the derailment of a CSX Corp train, though drinking water was not affected, the company and federal officials said. Twenty seven of the train's 109 cars carrying 3.1 million gallons of crude oil from North Dakota to Virginia came off the...

  • *Areva issues fifth profit warning in seven months. PARIS, Feb 23- French state-controlled nuclear group Areva said it expects a 2014 net loss of about 4.9 billion euros, mostly due to asset writedowns and provisions, notably connected with its much-delayed Olkiluoto 3 reactor in Finland. Areva's latest profit warning, the fifth in seven months, comes ahead of the...

  • "This is a critical test for the SFC," said Michael Cheng, Asian Corporate Governance Association's research director for China and Hong Kong. The SFC and the courts have limited authority outside of Hong Kong, which means reaching beyond the territory's borders to dismantle CMR Group, a Cayman Islands incorporated holding company, will be difficult.

  • Chinese demand fuels renewables rebound Sunday, 22 Feb 2015 | 9:57 AM ET

    Production of wind turbines and solar panels soared in 2014, as increased demand from China fueled a rebound for renewable energy manufacturers.

  • India's Modi bets on GM crops for green revolution Saturday, 21 Feb 2015 | 10:49 PM ET
    A worker harvests onions on a farm near Umrana, Maharashtra, India, on Tuesday, Nov. 11, 2014.

    Modi is looking to reverse India's effective ban on genetically modified food crop trials in a bid to boost the country's dismal farm productivity.

  • NEW DELHI, Feb 22- On a fenced plot not far from Indian Prime Minister Narendra Modi's home, a field of mustard is in full yellow bloom, representing his government's reversal of an effective ban on field trials of genetically modified food crops. India placed a moratorium on GM aubergine in 2010 fearing the effect on food safety and biodiversity.

  • NEW DELHI— India's filthy air is cutting 660 million lives short by about three years, while nearly all of the country's 1.2 billion citizens are breathing in harmful pollution levels, according to research published Saturday. The most polluted regions, falling generally in northern India, are also among India's most populous. "The extent of the problem is...

  • SAN FRANCISCO, Feb 20- Los Angeles wholesale gasoline differentials rose on Friday as traders and refineries bought product in a market hampered by two oil refinery outages. March-delivery CARBOB gasoline in Los Angeles rose 7 cents to settle at 28 cents a gallon over April RBOB futures on the New York Mercantile Exchange in active trading, sources said.

  • BILLINGS, Mont.— Exxon Mobil Corp. has asked federal regulators to reconsider a $1 million penalty imposed against the oil giant over a 63,000- gallon crude spill into Montana's Yellowstone River. The Texas- based company asked the Department of Transportation to withdraw three of its four findings of pipeline safety violations. Safety regulators said Exxon...

  • RALEIGH, N.C.— Federal prosecutors filed multiple criminal charges against Duke Energy on Friday over years of illegal pollution leaking from coal ash dumps at five North Carolina power plants. The prosecutors say the nation's largest electricity company engaged in unlawful dumping at coal-fired power plants in Eden, Moncure, Asheville, Goldsboro and Mt....

  • Target doubling initiative on organics, naturals Friday, 20 Feb 2015 | 9:39 AM ET

    NEW YORK— Target Corp. is betting big on organic and sustainable products. Now, the retailer, based in Minneapolis, is rolling out more than 200 products and 31 brands over the course of the year. Company officials believe sales for the brands included in the program could hit $1 billion this year, and if this initiative were a stand-alone brand, it would already be...