Kinder Morgan is building a 27- mile, 12- inch lateral pipeline to the Sweeny refinery from its 300,000 bpd crude and condensate pipeline that moves Eagle Ford output to the Houston Ship Channel. The lateral pipeline's initial capacity was 30,000 bpd, but Kinder Morgan said it will increase to 100,000 bpd.
**GENERAL MOTORS CO, Wednesday close $30.18, up 4 pct premarket. **SEAGATE TECHNOLOGY, Wednesday close $36.94, up 4 pct premarket. **FACEBOOK INC, Wednesday close $27.43, up 2 pct premarket.
**GENERAL MOTORS CO, Wednesday close $30.18. **MANULIFE FINANCIAL CORP, Wednesday close $14.65. **ACTAVIS INC, Wednesday close $104.39.
HOUSTON, May 1- Independent refiner Phillips 66. expects North Dakota's Bakken crude oil to be competitively priced despite a narrowed discount of the U.S. crude benchmark West Texas Intermediate relative to London's Brent, an executive told analysts on Wednesday.
Stocks finished sharply lower Wednesday, with the S&P 500 and Nasdaq falling 1 percent each, amid building worries over North Korea and after San Francisco Federal Reserve Bank President John Williams said the central bank could begin to taper purchases this summer if the economy continues to improve.