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  • Dec 18- The U.S. Federal Communications Commission said on Friday it approved the $9.1 billion sale of U.S. regional cable company Suddenlink Communications to European telecoms group Altice NV. Altice has acquired or taken control of broadband companies in France, Belgium, Luxembourg, Israel and Portugal, the FCC said, adding that it has a track record of...

  • LONDON, Dec 18- BG Group and Energy Transfer Partners have gained approval from the U.S. energy regulator for their liquefied natural gas production and export plant in Lake Charles, Louisiana, the companies said. "Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in approximately 250...

  • LONDON, Dec 17- U.S. crude oil imports have accelerated over the last four weeks, pushing commercial crude inventories within a whisker of the record set in April. Crude imports surged to 8.3 million barrels per day last week, up from 7.0 million bpd four weeks earlier, according to the U.S. Energy Information Administration. Both the timing and the location are...

  • Front-month gas futures on the New York Mercantile Exchange declined for a fifth straight trading day, closing down 7.2 cents, or 3.8 percent, at $1.822 per million British thermal units. The premium of January 2017 futures over January 2016 and the premium of April 2016 over March 2016 both climbed to all-time highs. Some of the most active American-style...

  • Front-month gas futures on the New York Mercantile Exchange fell 5 cents to $1.844 per million British thermal units at 8:50 a.m. EST. The premium of January 2017 futures over January 2016 and the premium of April 2016 over March 2016 both climbed to all-time highs. The calendar year 2016 strip fell to a new low of $2.19, which would put it below current year...

  • After registering, drone owners will receive an FAA identification number that they must display on aircraft weighing between 0.55 pounds and 55 pounds. To encourage participation, the FAA will waive the fee for the first 30 days that the registry is open. On Monday, the Academy of Model Aeronautics, a group representing hobbyists, warned the new registry could...

  • After falling for three days in a row, front-month gas futures on the New York Mercantile Exchange were down 9.2 cents to $1.898 per million British thermal units at 9:16 a.m. EST. The premium of January 2017 futures over January 2016 and the premium of April 2016 over March 2016 both climbed to all-time highs. Open interest in the contracts was near all-time...

  • MEXICO CITY, Dec 11- A few months after reaching the largest corporate settlement in U.S. history, BP Plc faces a class action lawsuit in Mexico over its deadly 2010 Gulf of Mexico oil spill, which a civic group on Friday said it had filed against the company. Because the Deepwater Horizon accident did not immediately contaminate the Mexican part of the Gulf of...

  • WASHINGTON, Dec 10- The number of Americans filing for unemployment benefits rose to a five-month high last week, but likely does not signal a deterioration in the labor market as the underlying trend remained consistent with tightening conditions. Initial claims for state unemployment benefits increased 13,000 to a seasonally adjusted 282,000 for the...

  • Brent crude settled down 15 cents at $40.11 a barrel, after hitting a near seven-year low at $39.57. The benchmark has lost $3.73, or 8.5 percent, since Thursday, after an OPEC meeting on Friday virtually abandoned price support measures for oil. Brent and WTI rose more than $1 right after the Energy Information Administration reported the first U.S. crude...

  • Dec 8- A federal judge has ruled that former Enron Corp chief executive Jeffrey Skilling violated U.S. securities laws, finally closing the U.S. Securities and Exchange Commission's 11- year-old case involving the energy giant's 2001 collapse, the SEC said on Tuesday. The final judgment against Skilling by U.S. District Court Judge Melinda Harmon in Houston...

  • LONDON, Dec 8- From the Swiss franc's record rise in January to the near certainty of a historic U.S. interest rate hike in December, 2015 was a far more volatile year for financial markets than most predicted 12 months ago. Bond yields across Europe plunged well below zero, the Dow Jones fell 1,000 points in one day in August and turmoil in Chinese stocks turned a...

  • Litigation arising from four of the six U.S. deaths has been settled, Honda spokesman Chris Martin said. Honda has been working to settle claims quickly, Martin said. "Honda has worked in good faith to quickly resolve the concerns of those families," he said.

  • COLUMN-Oil storage business is booming: Kemp Thursday, 3 Dec 2015 | 1:02 PM ET

    Since September 2011, total capacity for storing crude in the United States has expanded by almost 87 million barrels, 19 percent, the EIA reported on Monday. Commercial storage capacity is also expanding around the rest of the world including major trading hubs in Singapore, South Africa and the Caribbean. Most facilities are owned by unlisted private firms or...

  • Will ECB's Draghi ever raise rates? Maybe in 2019 Thursday, 3 Dec 2015 | 11:47 AM ET

    LONDON, Dec 3- Assuming European Central Bank president Mario Draghi sees out his mandate, he will step down in October 2019. And financial markets reckon there's a fair chance he will complete his eight-year tenure without ever having raised interest rates. Even Ben Bernanke, the ultra-dovish former Federal Reserve Chairman who unleashed three QE programmes...

  • AMSTERDAM, Dec 3- A Dutch engineering company that is helping New York and New Orleans defend themselves against big storms and rising seas says climate change will be a source of business for decades regardless of the outcome of current climate talks in Paris. Arcadis, which doubled sales from 1 billion euros to 2 billion in 2007-2014 as it invested heavily in...

  • WASHINGTON, Dec 3- The number of Americans filing for unemployment benefits rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 269,000 for the week ended Nov. 28, the Labor Department said on Thursday. A Labor Department analyst said there...

  • WASHINGTON, Dec 3- The number of Americans filing for unemployment benefits rose last week, but remained at levels consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 9,000 to a seasonally adjusted 269,000 for the week ended Nov. 28, the Labor Department said on Thursday. A Labor Department analyst said there...

  • Dec 2- Manslaughter charges were dropped against two former BP well site managers involved in the deadly 2010 Gulf of Mexico oil drilling disaster on Wednesday, and one pleaded guilty to an environmental crime, federal prosecutors said. Donald Vidrine pleaded guilty to a misdemeanor violation of the Clean Water Act and "admitted to negligently causing the...

  • WASHINGTON, Dec 1- The U.S. transportation bill will be partially funded by selling off some of the U.S. emergency oil reserve, but less will be sold than originally planned after negotiators in the Senate and House of Representatives reached a deal on Tuesday. About 66 million barrels of crude from the Strategic Petroleum Reserve will be sold from 2023 to 2025...