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  • EPA: Clean water rule in effect despite court ruling Friday, 28 Aug 2015 | 2:37 PM ET

    The EPA says the rule, which took effect Friday in more than three dozen states, will safeguard drinking water for millions of Americans. The House has ignored a White House veto threat and passed a bill to block it, and a Senate committee has passed a measure that would force the EPA to withdraw and rewrite it. The senators— two Democrats and two Republicans— said in an...

  • NEW YORK, Aug 27- Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating...

  • NEW YORK, Aug 27- Oil rocketed more than 8 percent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more drawdowns...

  • NEW YORK, Aug 27- Oil rocketed more than 9 percent higher on Thursday in one of the biggest one-day rallies in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more...

  • NEW YORK, Aug 27- Oil rocketed more than 6 percent higher on Thursday in a snapback from a deep two-month slump as stock market rallies and news of diminished oil supplies drove a short-covering surge by bearish traders. Brent's front month rose $3.05 to $46.19 a barrel by 11:20 a.m. EDT, staging the biggest percentage gain since early this year and hitting...

  • NEW YORK, Aug 26- U.S. crude oil stockpiles fell sharply last week as imports tumbled, while gasoline and distillate inventories rose despite a reduction in refinery runs, data from the Energy Information Administration showed on Wednesday. U.S. crude fell more than 1 percent to below $39 a barrel, nearing the 6-1/ 2- year lows touched earlier this week, and New York...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • NEW YORK, Aug 24- Hey, remember that newsletter that let you sign up for a free trial? How about that old domain name you registered, or your kid's gaming membership, or the magazine subscription that was initially offered as a freebie. "Nine out of 10 people don't check their credit-card charges carefully," says Mick Weinstein, vice president of software company...

  • NEW YORK, Aug 24- A key gasoline-making unit at PBF Energy Inc's 182,200- barrel-per-day Delaware City, Delaware, refinery is expected to be shut for at least a month- and possibly much longer- following an explosion and fire on Friday, a source familiar with plant operations said on Sunday. The primary wet gas compressor associated with the FCC at Delaware City and...

  • OKLAHOMA CITY— The former wife of billionaire Oklahoma energy tycoon Harold Hamm, who was awarded nearly $1 billion in a divorce settlement, is now suing Hamm over the sale of a company the two co-owned. The lawsuit by Sue Ann Arnall alleges the $4.5 million sale in 2005 of the parent company and sole shareholder of Jolette Oil LLC to Continental Resources was...

  • CHICAGO, Aug 21- The amount of turkey in U.S. freezers grew more than anticipated last month despite an outbreak of bird flu that killed more than nine million turkeys, experts said following Friday's government monthly cold storage report. The U.S. Department of Agriculture storage report also showed record-high pork and ham inventories for a second month in a...

  • *Bernstein downgrade hits Disney, media stocks tumble. *Report of declining smartphone sales in China hits Apple. Consumer stocks led the decline on Wall Street with Disney down nearly 6 percent after a brokerage downgrade, while Apple slumped near 2 percent after a report that overall smartphone sales in China fell in the second quarter for the first time.

  • NEW YORK, Aug 19- U.S. crude oil inventories rose and gasoline stocks fell last week as crude imports surged while refinery problems cut runs during the summer driving demand season, data from the Energy Information Administration showed on Wednesday. "The report is bearish, with the focus squarely on crude oil and the large increase in overall inventories, due...

  • LONDON, Aug 19- U.S. oil prices hit their lowest in almost six and a half years on Wednesday after U.S. data showed an unexpected rise in crude stockpiles. The American Petroleum Institute reported on Tuesday that U.S. crude stocks had fallen by an even greater margin- by 2.3 million barrels in the week ended Aug. 14. "The numbers were a total surprise with crude showing a...

  • UPDATE 5-Oil prices steady ahead of U.S. stockpiles data Wednesday, 19 Aug 2015 | 8:06 AM ET

    LONDON, Aug 19- Oil prices steadied on Wednesday ahead of U.S. oil data expected to show falling crude and gasoline stockpiles, raising hopes of increased demand for crude. The American Petroleum Institute reported on Tuesday that U.S. crude stocks had fallen by an even greater margin- by 2.3 million barrels in the week ended Aug. 14. U.S. crude oil futures, also known...

  • *Disney shines as Star Wars will make its way to theme parks. *Zulily soars on Liberty Interactive's buyout offer. "The housing data was pretty good," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

  • *Japan economy shrank in Q2. *China slowdown adds downward pressure. NEW YORK, Aug 17- Oil fell about 1 percent on Monday, with U.S. crude settling within range of a new 6-1/ 2- year low, after No. 3 oil consumer Japan said its economy contracted in the second quarter and China's slowdown continued to weigh on sentiment.

  • UPDATE 8-U.S. crude oil steadies from 6-1/2-year low Friday, 14 Aug 2015 | 9:50 AM ET

    *Citi downgrades 2015 WTI price forecast to $48. *Weak yuan puts downward pressure on commodities- Goldman Sachs. U.S. crude hit an intraday low of $41.35 a barrel, its lowest since March 2009, before recovering to $42.86 by 1338 GMT, up 63 cents on the day.

  • *Lower yuan puts downward pressure on commodities- Goldman Sachs. LONDON, Aug 14- U.S. crude oil fell to its lowest in almost six-and-a-half years on Friday as huge stockpiles and refinery shutdowns added to concerns about global oversupply and slowing economies in Asia. U.S. crude was down 30 cents at $41.93 a barrel by 0945 GMT.

  • *Latest selloff triggered by big weekly build in Cushing. NEW YORK, Aug 13- U.S. oil prices tumbled more than 3 percent to a 6-1/ 2- year low under $42 a barrel on Thursday as data showing a big rise in key U.S. stockpiles intensified worries over a growing global glut. The largest of those refineries- BP PLC's 413,500- barrel per day facility in Whiting, Indiana, also the...