WASHINGTON, June 2- The Republican chairman of the House of Representatives' energy panel on Tuesday said he favored lifting the 40- year-old ban on U.S. oil exports, a move that could boost support for legislation in the chamber. "Oil exports can be a win for the American people and a win for our allies," said Representative Fred Upton of Michigan in prepared remarks...» Read More
The governor said earlier this year that the 2013 Legislature could take up gas tax legislation if TransCanada Corp. and the North Slope's major players _ Exxon Mobil Corp., BP and ConocoPhillips _ met a number of milestones in 2012. All of those benchmarks have been met, including cost estimates and a rough timeline for a potential project.
Stock indexes are turning lower on Wall Street, putting the market on track for its worst week since early June. Wells Fargo fell $1.22 to $33.96, leading other bank stocks lower, after its revenue came in lower than analysts were expecting. Semiconductor maker AMD plunged 30 cents to $2.90 after saying its third-quarter revenue would drop 10 percent.
Diamondback Energy Inc.' s shares are rising its first day of trading as a public company. The Midland, Texas, company, which develops oil and natural gas reserves in Texas, raised $218.8 million in its initial public stock offering, selling 12.5 million shares for $17.50 each. It had projected a price of $17 to $19.
HAYWARD, Calif.-- Impax Laboratories Inc. said Friday that the Food and Drug Administration is extending a review of its Parkinson's disease drug Rytary by three months until Jan. 21. Impax developed Rytary through a partnership with British drugmaker GlaxoSmithKline PLC. Shares of Impax Laboratories rose 2 cents to $26.07 in midday trading Friday.
WASHINGTON-- Fierce and focused, Vice President Joe Biden and Republican Paul Ryan gave voters the kind of substantive showdown that was everything the presidential debate was not. "Not a single thing he said is accurate," Biden shot back when Ryan leveled a charge that President Barack Obama was projecting U.S. weakness.
PODGORICA, Montenegro-- A politician who has ruled Montenegro as president, prime minister and behind-the-scenes power broker could end up leading his country again, if the polls about this weekend's election are correct.
NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."
NEW YORK-- ABC's Martha Raddatz took a forceful approach to moderating Thursday's vice presidential debate, winning many positive reviews from instant pundits on social media but some complaints from Republicans.
NEW YORK-- If at first you don't succeed.... NBC's "The Celebrity Apprentice" is bringing back 13 players fired from past "Apprentice" contests, plus one notable winner, in the first-ever "All-Star Celebrity Apprentice."
LONDON-- A U.K. watchdog has launched its biggest-ever investigation into police actions, opening a new inquiry Friday into the 1989 Hillsborough stadium disaster that left 96 fans dead and whole communities angry over a decades-long police cover-up.
NEW YORK-- Travelzoo's stock dropped to the lowest level in more than two years on Friday as the online travel company predicted that its third-quarter profit would shrink about 40 percent from a year ago. Travelzoo faces tough competition from other online travel companies such as Expedia Inc. and Priceline.com Inc..
NEW YORK-- Shares of chipmaker Advanced Micro Devices Inc. hit a multi-year low Friday after it warned that sales in the latest quarter were well below its forecast.
Benchmark oil fell 21 cents Friday to $91.86 per barrel in New York. On Friday, the International Energy Agency issued a new report predicting slower growth in demand for oil over the next five years. Friday's decline in the price of oil eroded some of the gains from earlier this week, when tensions between Syria and Turkey raised worries about supplies.
Hundreds of workers and a lot of heavy machinery is involved in the project, but Thursday's accident was the first serious one reported since construction began in 2009, said Mark Littman, spokesman for the Los Angeles County Metropolitan Transportation Authority, which is overseeing the project.
FOXBOROUGH, Mass.-- New England Patriots linebacker Brandon Spikes says he was joking when he tweeted that he was "homophobic." Coach Bill Belichick was not scheduled to speak with reporters on Thursday. Before the NFL officials' lockout ended, Spikes posted a tweet that compared replacement officials to Foot Locker employees.
Max Baucus and Jon Tester said residents of Libby have grown frustrated waiting for a pending risk study to be completed. The company mined asbestos-containing vermiculite in Libby for decades. They blasted Grace for weighing in against the EPA proposal and alleged company officials had "traded profits for lives" in Libby.