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  • The San Francisco- based bank's net income applicable to common shareholders slipped to $5.34 billion, or $1.03 per share, in the three months ended Dec. 31, from $5.38 billion, or $1.02 per share, a year earlier. Analysts on average had expected earnings of $1.02 per share, according to Thomson Reuters I/B/E/S. Wells Fargo's shares, which fell about 1 percent in 2015,...

  • Jan 14- New Jersey and Florida were poster children for U.S. home foreclosures last year, with both states and several of their metropolitan areas topping the list in 2015, according to RealtyTrac data released on Thursday. Florida posted the second highest rate at 1.77 percent, with Maryland third at 1.60 percent. Florida metro areas around Tampa Bay,...

  • What cowboy boots are telling us about oil prices Wednesday, 13 Jan 2016 | 12:32 PM ET
    A still from a Boot Barn commercial. Boot sales reported soft third quarter sales thanks to pressures in oil and commodity-related markets.

    Boot Barn says sales during its recently ended quarter were hurt by weakness in regions where the local economy depends on oil.

  • NEW YORK, Jan 12- U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions. Some analysts warned of $20 a barrel; Standard Chartered said fund selling may not relent until it reaches $10.

  • BOSTON, Jan 12- Change your cell phone number, keep your head down and take at least six months before making any major decisions. The prize is large enough that a winner choosing the option of receiving 30 $50 million installments over the next 29 years could easily pay off the $129,579 in debt the average U.S. household carried at the end of last year, according to...

  • NEW YORK, Jan 11- U.S. shale oil production is expected to fall for a seventh month in a row in February, declining at about the same rate as the month before as drillers manage to eke out a few more barrels from each new well, U.S. data showed on Monday. Total output was set to decline by 116,000 bpd to 4.8 million bpd in February compared with January, a U.S. Energy...

  • RIG-OL-USA- BHI> The remaining 516 rigs were the fewest since April 2010, according to the data, but few expect the slump to end there. "So long as the price for oil stays low, the rig count will continue to decline," said Arthur Gelber, founder and president of energy consulting and advisory firm Gelber and Associates in Houston. U.S. oil futures on Friday failed to draw...

  • Drillers removed 20 oil rigs in the week ended Jan. 8, bringing the total rig count RIG-OL-USA- BHI> down to 516, the least since April 2010, oil services company Baker Hughes Inc said in its closely followed report. "Daily fluctuations in oil prices do not have an immediate effect on rig count changes," said Chris Kostas, senior power and gas analyst at Energy Security...

  • The Canadian company filed a lawsuit in federal court in Texas on Wednesday, asking the court to declare the White House decision unlawful. The trade agreement between Canada, Mexico and the United States allows investors from those countries to seek damages when they feel they have been discriminated against or treated unfairly by one of the other NAFTA...

  • CALGARY/ WASHINGTON, Alberta, Jan 6- TransCanada Corp sued the U.S government on Wednesday to reverse President Barack Obama's rejection of the Keystone XL pipeline, and also sought $15 billion in damages from a trade tribunal. Homeland Security Secretary Jeh Johnson and Sally Jewell, Secretary of the Department of Interior. The Keystone XL was designed to link...

  • CALGARY/ WASHINGTON, Alberta, Jan 6- TransCanada Corp sued the U.S government on Wednesday to reverse President Barack Obama's rejection of the Keystone XL pipeline, calling his decision unconstitutional. TransCanada also sought $15 billion in a separate action under the North American Free Trade Agreement, saying the pipeline permit denial was "arbitrary...

  • CALGARY, Alberta, Jan 6- TransCanada Corp sued the U.S government in U.S. federal court on Wednesday, alleging President Barack Obama's rejection of the Keystone XL pipeline exceeded his power under the U.S. TransCanada also filed legal action under the North American Free Trade Agreement, saying the pipeline permit denial was "arbitrary and unjustified."

  • Jan 5- Nuverra Environmental Solutions Inc, a U.S. provider of environmental services to the energy sector, has been working with investment bank Lazard Ltd on restructuring its debt, according to people familiar with the matter. Scottsdale, Arizona- based Nuverra has been weighed down by debt that totaled $520 million as of Sept. 30. Nuverra, with a market cap...

  • GRAINS-Corn, wheat tumble ahead of year's end Wednesday, 30 Dec 2015 | 11:36 AM ET

    *Soybeans stable after 11- day low. WINNIPEG, Manitoba, Dec 30- Chicago corn and wheat slipped on Wednesday, as concerns about potential damage to winter wheat crops moved to the background in light year-end trading. Soybeans were firm, despite forecasts for much-needed rains in parts of Brazil next week.

  • YOUR MONEY-Retirees see economy glass as half empty Tuesday, 29 Dec 2015 | 8:00 AM ET

    NEW YORK, Dec 29- With 69 straight months of job growth, unemployment at a seven-year low, the Dow Jones Industrial Average near all-time highs and the Federal Reserve confident enough to hike interest rates, you might think a sturdy U.S. economy has given everyone reason to cheer. "It was a very big drop, and the first time in over a year that retirees were less...

  • HOUSTON, Dec 28- A snowstorm dumped around two feet of snow in parts of the Permian Basin in West Texas and New Mexico over the weekend, crimping some crude output and leaving roads dangerous for trucks heading to and from oil wells, forecasters and companies said on Monday. Snow had stopped accumulating by Monday afternoon but "travel continues to be impacted as...

  • Oil firms keep wells in reserve on price surge hopes Saturday, 26 Dec 2015 | 9:12 AM ET
    A contractor works in the control room at an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colorado.

    Some drilled oil and natural gas wells are currently not producing, but are ready to be tapped quickly if prices begin to rise. NYT reports.

  • MONTREAL, Dec 22- A C $460 million settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd, the monitor involved in the payments said on Tuesday. Parties previously named in a class action lawsuit launched after the disaster, including closely...

  • FDA probing latest E.coli outbreak linked to Chipotle Tuesday, 22 Dec 2015 | 3:21 PM ET

    The FDA said it is working with the Centers for Disease Control and Prevention and state and local officials. The CDC said on Monday it was investigating five new cases of E.coli infections, one each Kansas and North Dakota and three in Oklahoma. The two who fell ill in North Dakota and Kansas ate at the same restaurant in Kansas, while the three from Oklahoma ate at...

  • *One case each in Kansas and North Dakota, 3 in Oklahoma. Of the five new cases reported, one each are from Kansas and North Dakota and three from Oklahoma, the CDC said. At least 80 students were sickened by norovirus after eating at a Boston area Chipotle outlet, the Boston Health Public Commission had said on Dec. 9.