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  • MANCHESTER, N.H., Feb 7- Republican contender Marco Rubio struggled at a presidential debate on Saturday at the worst possible time, potentially confounding his bid to emerge as Donald Trump's chief rival in New Hampshire and giving hope to three rivals desperate for a strong showing. While Rubio recovered later in the debate, the timing of his performance was...

  • WASHINGTON, Feb 6- Seven years after the United States banned waterboarding as an interrogation tactic, two Republican presidential candidates said on Saturday they would revive its use and one of them, billionaire businessman Donald Trump, would go even further. Waterboarding- the practice of pouring water over someone's face to mimic drowning as an...

  • Feb 6- Republican White House contenders on Saturday called for a tough strategy toward North Korea, including expanded missile defense, after the reclusive communist nation appeared to have launched a long-range rocket into space. "They do not understand anything but toughness and strength," New Jersey Governor Chris Christie said of North Korea during the...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 48 this week to 571.. Among major oil- and gas-producing states, Texas declined by 19 rigs, Oklahoma dropped eight, Louisiana dropped five, Pennsylvania lost three, North Dakota, Utah and Wyoming each declined by two and Ohio dropped...

  • Feb 5- U.S. energy firms deepened their cuts in oil drilling rigs in the seventh week of declines to the lowest levels since March 2010, data showed on Friday, as they continue to cut spending due to the collapse in crude prices. Front-month U.S. crude futures were trading at about $31 per barrel and Brent at $34 on Friday, on track to end the week lower after two...

  • Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Texas to reduce debt and costs. Hedge fund Starboard Value LP urged Macy's Inc last month to enter into joint ventures for its stores, including its flagship Herald Square store in New York, to realize greater value from its real estate assets. CBRE Group Inc's Capital...

  • NEW YORK— J.C. Penney is considering selling and partially leasing back its headquarters to help lower debt and create long-term savings. J.C. Penney Co. has been in the three-story building since 1992.. J.C. Penney shares edged up 8 cents to $7.44 in morning trading Friday.

  • J.C. Penney looking to sell headquarters in Texas Friday, 5 Feb 2016 | 8:10 AM ET

    Feb 5- Department store operator J.C. Penney Co Inc said it is pursuing a potential sale and partial leaseback of its headquarters in Plano, Texas. The move is expected to reduce debt and costs, the company said on Friday.

  • Feb 5- Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. Hedge funds such as Ancora Advisors, Clover Partners and Seidman& Associates are buying up stakes in lenders across the U.S., from community banks to large regional lenders.

  • President Barack Obama will launch a long-shot bid next week to impose a $10- a-barrel tax on crude oil that would fund the overhaul of the nation's aging transportation infrastructure, the White House said on Thursday. "By placing a fee on oil, the President's plan creates a clear incentive for private sector innovation to reduce our reliance on oil and at the...

  • Cardtronics misses 4Q profit forecasts Thursday, 4 Feb 2016 | 5:57 PM ET

    HOUSTON _ Cardtronics Inc. on Thursday reported fourth-quarter net income of $14.8 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Cardtronics expects full-year earnings in the range of $3 to $3.13 per share, with revenue in the range of $1.24 billion to $1.27 billion.

  • LAGOS, Nigeria— Nigeria's aviation regulatory agency is suspending operation of all Sikorsky model S-76C++ helicopters following two crashes in six months in the West African country, the director general said Thursday. Another Sikorsky nose-dived Aug. 10 into a lagoon in Lagos, the commercial capital, killing six of the 12 people on board including the...

  • HOUSTON, Feb 4- When it split off its Phillips 66 refining arm in 2012, ConocoPhillips said a rich and growing dividend payout would entice investors and set it apart from other exploration and production companies that typically offered lower shareholder returns. So on Thursday, when Conoco said it was slashing its payout for the first time in 25 years due to...

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...

  • A federal jury in East Texas has ordered Apple to pay $625.6 million after finding that Apple services like FaceTime and iMessage infringed on technology patents held by Nevada patent-holding company VirnetX. VirnetX had previously won a $368 million verdict against Apple on similar claims in 2012. While an attorney for VirnetX praised the verdict, Apple...

  • Valero Energy Partners tops Street 4Q forecasts Thursday, 4 Feb 2016 | 8:29 AM ET

    SANANTONIO, Texas _ Valero Energy Partners LP on Thursday reported fourth-quarter profit of $44.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. Valero Energy Partners shares have decreased 15 percent since the beginning of the year.

  • Occidental reports 4Q loss Thursday, 4 Feb 2016 | 7:33 AM ET

    HOUSTON _ Occidental Petroleum Corp. on Thursday reported a loss of $5.18 billion in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of $6.78. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share.

  • LONDON, Feb 4- The number of people employed in oil and gas extraction and support activities across the United States has fallen by around 100,000 since October 2014. Between October 2014 and November 2015, the number of people on the payroll of oil and gas extraction firms and support services fell by almost 87,000, according to the U.S. Bureau of Labor...