Top News & Analysis North Dakota

  • Hess, which produces oil in North Dakota's Bakken Shale and the U.S. Gulf of Mexico, said average realized price for crude fell 36.8 percent to $28.50 per barrel in the quarter. Net loss attributable to Hess widened to $509 million, or $1.72 per share, in the quarter ended March 31, from $389 million, or $1.37 per share, a year earlier.

  • April 27- For advocates, it is all about protecting a fundamental right of Americans to farm their land. For opponents, it is about big business, pollution and puppy mills. "All eyes are on Oklahoma," said Joe Maxwell, political director for the Humane Society Legislative Fund, which opposes the proposal.

  • BOSTON, April 27- Individual investors are angry about CEO pay, and they want their mutual fund firms to do something about it. The survey was conducted between March 22 and March 31. The poll results underscore a growing angst over large-company CEO pay, which now runs more than 300 times that of U.S. rank-and-file workers, according to a study by the AFL-CIO, the...

  • Wells Fargo's board had recommended shareholders vote against the proposals. John Stumpf is Wells Fargo's chairman and chief executive. The meeting, held in Scottsdale, Arizona lasted just over half an hour.

  • Sen: Heitkamp: ND will come back

    Sen. Heidi Heitkamp (D-N.D.), discusses North Dakota's turnaround plan after the collapse in oil prices.

  • The Trans-Alaska Oil Pipeline, as it zigzags across the landscape.

    The crash in oil prices has brought a major economic hangover to states that are big energy producers.

  • April 18- Wells Fargo& Co' s securities unit was added to the list of primary dealers by the New York Federal Reserve on Monday in the latest sign of the bank's more aggressive pursuit of Wall Street business. Wells Fargo becomes the 23rd primary dealer, and the first new addition since TD Securities' U.S. business was added to the list in February 2014.

  • The bank has set aside more than $1 billion in the quarter to cover bad loans, saying its energy portfolio remained under "significant stress." "Wells Fargo aggressively grew its energy portfolio over the past several years and we expect auto credit to see incremental pressure through 2016 and into 2017," analyst Kevin Barker wrote in a note to clients.

  • April 14- Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings and financial shares kept bouncing back. Wells Fargo shares slipped 0.5 percent after the bank's quarterly report. Results from JPMorgan, the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after...

  • April 14- Wall Street was little changed on Thursday after two days of solid gains as investors digested the latest round of big bank earnings. Wells Fargo shares were up 0.1 percent after the bank's quarterly report. Results from JPMorgan, the No. 1 U.S. bank by assets, had helped boost the market on Wednesday a day after energy shares led Wall Street higher.

  • *Sets aside $1.09 bln to cover bad loans. April 14- Wells Fargo& Co's quarterly profit fell 7 percent as the No. 3 U.S. bank by assets set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress." This week alone, Peabody Energy Corp, the biggest U.S. coal miner, and Energy XXI Ltd, a major oil and gas producer in Louisiana,...

  • Wells Fargo and Bank of America, two of the biggest lenders to the U.S. oil and gas sector, each set aside hundreds of millions of dollars in additional provisions to cover souring loans to energy companies. While the price of oil has risen off decade-lows hit in January, it is still trading around $40 a barrel, well below the $100 plus levels seen in 2014 and spelling...

  • *Sets aside $1.09 bln to cover bad loans. April 14- Wells Fargo& Co's quarterly profit fell 7 percent as the No.3 U.S. bank by assets set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress." This week alone, Peabody Energy Corp, the biggest U.S. coal miner, and Energy XXI Ltd, a major oil and gas producer in Louisiana,...

  • April 14- Wells Fargo& Co reported a 7 percent fall in quarterly profit as it set aside more than $1 billion to cover bad loans, saying its energy portfolio remained under "significant stress." The net income applicable to Wells Fargo's common shareholders fell to $5.09 billion, or 99 cents per share, in the first quarter ended March 31 from $5.46 billion, or $1.04 per...

  • The net income applicable to common shareholders fell to $5.09 billion, or 99 cents per share, in the first quarter ended March 31 from $5.46 billion, or $1.04 per share, a year earlier, the bank said on Thursday. Analysts on average had estimated earnings of 97 cents per share, according to Thomson Reuters I/B/E/S. Wells Fargo set aside $1.09 billion in the quarter to...

  • WILLISTON, N.D., April 13- North Dakota's oil output fell 3,000 barrels per day in February even as producers brought some wells online to generate cash despite low prices, the state's energy regulator said on Wednesday in another sign of the resilience of U.S. shale output. The state's roughly 11,000 active wells pumped about 1,119,100 barrels per day in...

  • April 13- U.S. federal regulators said five out of the eight biggest U.S. banks do not have credible plans to operate without relying on taxpayer money in case of a bankruptcy and gave them until Oct. 1 to make amends or risk sanctions. The Federal Deposit Insurance Corporation and the Federal Reserve jointly failed the plans, commonly called "living wills", of Bank of...

  • April 13- Wells Fargo& Co poses an increasingly serious threat to the global financial system, while risks posed by other large U.S. banks have changed relatively little, according to an annual report released Wednesday by a U.S. government research group charged with monitoring such threats. The Office of Financial Research, a financial stability watchdog,...

  • WASHINGTON, April 13- U.S. regulators failed five big banks on Wednesday, including JP Morgan and Wells Fargo, on their plans for a bankruptcy that would not rely on taxpayer money, giving them until Oct. 1 to make amends or risk sanctions. Nearly a decade after the financial crisis, it underscored how the debate about banks being "too big to fail" continues to rage in...

  • NEW YORK, April 13- When Cubic Energy Inc's bankruptcy plan took effect on March 1, shareholders of the Dallas- based oil and gas company were wiped out. The bank had a nearly 10 percent stake in Cubic Energy at the end of 2015- worth more than $25 million at the company's peak- through a private equity-style unit called Wells Fargo Energy Capital.