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  • ALBUQUERQUE, N.M., July 29- The Federal Reserve should not overreact to Friday's weaker-than-expected U.S. "You can't overreact to any one data point... this number will get revised," Dallas Fed President Robert Kaplan told reporters in Albuquerque, New Mexico after speaking to a community bankers association. Earlier on Friday, the Commerce Department reported...

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan on Friday played down the weaker-than-expected gross domestic product growth reported for the second quarter. "You can't overreact to any one data point... this number will get revised," Kaplan told reporters in New Mexico after speaking to a community bankers association.

  • Among major oil- and gas-producing states, Louisiana and New Mexico each gained two, while Colorado, Ohio, Oklahoma and Pennsylvania were up one apiece. Texas declined by three, Alaska and West Virginia by two each and Utah by one. Arkansas, California, Kansas, North Dakota and Wyoming were unchanged.

  • ALBUQUERQUE, N.M., July 29- Dallas Federal Reserve Bank President Robert Kaplan said on Friday that the U.S. economy is making slow progress toward meeting the central bank's objectives. "I'd say we are making slow but... sluggish progress to meeting our objectives," Kaplan told a community bankers association in New Mexico. The Fed has a dual mandate of full...

  • BILLINGS, Mont.— U.S. officials announced plans Thursday to speed up permitting for oil and gas drilling on federal and Indian lands to reduce delays, as applications were projected to be down 40 percent versus their historical average amid an ongoing price slump. That's put a crimp in budgets for the major energy producing states, including Wyoming, New Mexico,...

  • Under agreements reached with Wyoming, New Mexico and Indiana, about 15 percent of Peabody's $1.2 billion in self-bonds will be secured by debtor-in-possession financing during its bankruptcy. Wyoming can receive $127 million cash if Peabody were to walk away from reclamation in that state while in bankruptcy, New Mexico $32 million and Indiana $17 million.

  • Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained 15, California was up by two and New Mexico gained one. Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

  • The U.S. Fish and Wildlife Service said the move follows recent court rulings in Texas that stripped the lesser prairie chicken of federal protection. The Permian Basin Petroleum Association said it would impede operations and cost companies hundreds of millions of dollars in oil and gas development in one of the country's most prolific basins, the Permian...

  • ALBUQUERQUE, N.M.— The head of the New Mexico Spaceport Authority said Tuesday she will resign, saying she still believes in the commercial space industry and that Spaceport America has a role to play despite criticism that flights filled with paying passengers have not yet lifted off from the remote desert site. Susana Martinez obtained by The Associated...

  • The federal government has already spent $100 million to address abandoned mines on Navajo lands and a separate settlement reached with DOJ last year was worth more than $13 million. "Addressing the legacy of uranium mining on Navajo lands reflects the commitment of the Justice Department and the Obama administration to fairly and honorably resolve the...

  • ALBUQUERQUE, N.M.— Residents along the U.S.- Mexico border are feeling ignored in the midst of a U.S. presidential election in which immigration, border security and a proposed wall are being hotly debated, a poll released Monday suggests. According to the poll, 86 percent of border residents in Mexico and 72 percent of those questioned in the U.S. were against...

  • The SEC, which confirmed the verdict on Friday, said the jury after several days of deliberation had been unable to reach unanimous verdicts on its fraud or lying to auditor claims. The SEC sued Goldstone, Simmons and former Thornburg chief accounting officer Jane Starrett in 2012, alleging they hid the company's fast-deteriorating financial condition at...

  • June 24- U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices pull back after a recent rally to an 11- month high over $51 a barrel. Despite a decline in U.S. crude to below $48 a barrel on Friday after Britain voted to leave the European Union, several companies said...

  • NEW YORK, June 21- State budgets finally returned to their pre-recession peaks in fiscal 2016 after eight years, once adjusted for inflation, according to a survey published on Tuesday. Aggregate 50- state general fund spending and revenues have now surpassed the peaks they hit in fiscal 2008, the National Association of State Budget Officers reported in the...

  • June 16- Banks in Texas and parts of Louisiana and New Mexico are setting aside more money to guard against loan losses as the energy companies they serve struggle amid still-low oil prices, the Dallas Federal Reserve Bank said in a report Thursday. Banks in the district supervised by the Dallas Fed are also getting additional scrutiny for their commercial real...

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