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  • NEW YORK, July 8- The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. The S&P briefly traded above its record close but ended less than a point below it and was three points away...

  • NEW YORK, July 8- Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. For those who thought the Fed would not raise rates this year, the key factor was...

  • NEW YORK, July 8- The benchmark S&P 500 stock index traded above its record close on Friday as Wall Street rallied after a much-larger-than-expected print in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. That was the biggest worry coming into this, that last month's weak number was starting a new normal in employment, and it...

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co past the 10 percent level that could prompt increased regulatory scrutiny, the Federal Reserve said on its website on Friday. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets. Berkshire wants to add to its stake for...

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co above 10 percent, the Federal Reserve said on its website on Friday. As of March 31, Berkshire was Wells Fargo's largest investor, with a 9.45 percent stake, Reuters data show. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets.

  • HOUSTON, July 1- Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the United States over the past few years, according to data analysis provided...

  • HOUSTON, July 1- Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the United States over the past few years, according to data analysis provided...

  • The most actively traded Chicago Board of Trade soft red winter wheat contract sank 2.8 percent, hitting its lowest since March 2 and notching its fourth straight negative session. "Wheat continues to have the same problems," said Mike Krueger, president of The Money Farm, a grain market advisory service near Fargo, North Dakota. "Wheat crashed and burned into new...

  • "Wheat continues to have the same problems," said Mike Krueger, president of The Money Farm, a grain market advisory service near Fargo, North Dakota. At 10:22 a.m. CDT, CBOT September soft red winter wheat was down 6-1/ 4 cents at $4.51 a bushel. CBOT December corn was off 3 cents at $3.91-1/ 4 a bushel and CBOT November soybeans down 2 cents at $11.18-1/ 4 a bushel.

  • June 28- The battle over abortion was expected to shift to measures focusing on the fetus in the wake of the U.S. Supreme Court's decision striking down a Texas law enacted in the name of maternal health. The 5-3 ruling held that Texas clinic regulations put an undue burden on women seeking abortion, a right established in the court's landmark 1973 Roe v.

  • June 27- The battle over abortion was expected to shift to measures focusing on the fetus in the wake of the U.S. Supreme Court's decision striking down a Texas law enacted in the name of maternal health. The 5-3 ruling held that Texas clinic regulations put an undue burden on women seeking abortion, a right established in the court's landmark 1973 Roe v.

  • But the SEC has alleged that behind the scenes, he cheated investors out of $80 million to fund a "debauched" jet-setting lifestyle. Their investments were largely used to pay personal expenses for Faulkner, his associates, family and friends, the SEC alleged. But after raising funds, Faulkner did little drilling and instead racked up millions in credit card...

  • The Keystone XL was designed to link existing pipeline networks in Canada and the United States to bring crude from Alberta and North Dakota to refineries in Illinois and, eventually, the Gulf of Mexico coast. TransCanada is suing the United States in federal court in a separate legal action, seeking to reverse the pipeline's rejection. The heads of NAFTA...

  • 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...

  • June 23- Big U.S. banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes. Overall, the 33 banks would suffer $385 billion in loan losses over nine quarters under the most severe scenario, the Fed said. "Today's results are particularly notable...

  • June 23- Big U.S. banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes. Overall, the 33 banks would suffer $385 billion in loan losses over nine quarters under the most severe scenario, the Fed said. "Today's results are particularly notable...

  • The ruling, which the White House vowed to appeal, halts the administration's efforts to address what it sees as safety concerns in the industry and reverses what producers had seen as a first step toward full federal regulation of all fracking activity. The U.S. Interior Department's Bureau of Land Management lacked Congressional authority to set fracking...

  • June 22- A federal judge in Wyoming has set aside new regulations for hydraulic fracturing on public lands, a victory for oil and gas producers who vehemently opposed the rules. District Judge Scott Skavdahl in Wyoming ruled on Tuesday. Skavdahl said the issue before the court was not whether hydraulic fracturing is good or bad, but whether Congress gave the...

  • *Britain to vote on EU membership on Thursday. June 20- Wall Street rose sharply on Monday, with the S&P and the Dow recovering last week's losses after the latest polls showed an increased possibility of Britain remaining in the European Union. "If I had a seatbelt while watching the markets, I'd put it on," said Kim Forrest, senior equity research analyst at Fort Pitt...

  • HOUSTON, June 20- Two years into the worst oil price rout in a generation, large and mid-sized U.S. independent producers are surviving and eyeing growth again as oil nears $50 a barrel, confounding OPEC and Saudi Arabia with their resiliency. That shale giants Hess Corp, Apache Corp and more than 25 other companies have beaten back OPEC's attempt to sideline them...