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  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 30 this week to 541.. Colorado, Pennsylvania and Wyoming lost two apiece and Kansas was off by one. Alaska, Arkansas, Ohio, Utah and West Virginia were all unchanged.

  • More than 1 million ceiling lamps sold at Ikea are being recalled this week because the glass shades can fall and shatter. The HYBY was sold from October 2012 through January 2016 and the LOCK was sold from November 2002 through January 2016. The HYBY cost $13 and the LOCK cost $5.

  • NEW YORK, Feb 12- The sharp contraction in global stock markets over the last six weeks has been welcome news to fund managers who say that high prices kept them on the sidelines over the past year. "Clearly the market is moving away from risk overall, and we'll take the opportunities it gives us," said Robert Marvin, co-portfolio manager of the Hood River Small Cap...

  • NEW YORK— A court-appointed mediator in New York is reporting more progress in efforts by Argentina to resolve a dispute with bondholders claiming they are owed billions of dollars. Last week, Argentina offered bondholders a $6.5 billion deal to settle cases stemming from its 2001 default. U.S. hedge funds are among bondholders that refused to trade bonds at...

  • Feb 12- Department store chain operator Kohl's Corp said it was eliminating three senior positions, including chief digital officer, to create a more "nimble organization".

  • NEW YORK, Feb 12- Argentina's ongoing sovereign debt settlement talks will continue despite no resolution between the government and four remaining major holdout creditors, court-appointed mediator Daniel Pollack said in a statement on Friday. "Claims by four other large' holdouts' were not resolved this week, but intensive discussions between and among...

  • WASHINGTON, Feb 12- U.S. consumer spending regained momentum in January as households ramped up purchases of a variety of goods, in a hopeful sign that economic growth was picking up after slowing to a crawl at the end of 2015.. "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said Paul Ashworth, chief...

  • Oil refiners are required to meet EPA targets for biofuel use. Each year, the EPA is required to set targets for biofuel use. "If EPA is going to use an extraordinary action like a waiver, then at least EPA must remove any structural impediments that prevent penetration of renewable fuels," Alonso said.

  • U.S. OIL DRILLERS CUT RIGS FOR 8TH WEEK IN A ROW -BAKER HUGHES.

  • Feb 12- BlackRock Inc's $1.9 billion Obsidian hedge fund recorded losses in January, suffering its worst start to the year in its nearly 20- year history, but the fund was narrowing those losses so far in February. Through Jan. 31, the fund posted a negative 4 percent return, according to an estimate the hedge fund provided to investors, a copy of which was seen by...

  • *FTSEurofirst 300 index closes up 3 pct. LONDON, Feb 12- European shares rebounded on Friday as Deutsche Bank and Commerzbank rallied, helping stock markets stage a partial recovery from stinging losses earlier in the week. But Deutsche Bank surged 11.8 percent on Friday after saying it would buy back more than $5 billion in senior debt, easing concerns about its...

  • There have been no other reports of illness related to the Buffalo Wild Wings' restaurant in Overland Park in suburban Kansas City, Johnson County spokeswoman Barbara Mitchell told Reuters in an email. "We have taken additional steps to conduct deep cleaning for norovirus at all Kansas City area restaurants," Buffalo Wild Wings, known for its chicken wings, said...

  • LONDON— A British factory-owner has been sentenced to 27 months in prison for employing Hungarian workers for as little as 10 pounds a week. Mohammed Rafiq's company Kozee Sleep made beds for major retailers including Next and John Lewis, and was supposed to abide by their ethical-trading policies. Sentencing him Friday at northern England's Leeds Crown...

  • DOVER, Del.— Delaware's Supreme Court has upheld the dismissal of a lawsuit filed by General Motors shareholders over faulty ignition switches. After hearing arguments this week, the court affirmed a judge's ruling from last summer. The company said last year that the scandal, which prompted hundreds of lawsuits and a federal criminal probe, has cost it more than...

  • *Market lifted by UAE comments on potential coordinated OPEC cut. NEW YORK, Feb 12- U.S. crude prices jumped more than 10 percent on Friday after a report once again suggested OPEC might resort to a production cut to reduce the world glut, and resilient stock markets added to the risk appetite in oil. The UAE's comments, coming after vain efforts earlier in the week by...

  • Feb 12- Solar company SunEdison Inc said a U.S. court has restrained the company from making any unusual asset transfers until a hearing in a lawsuit brought on by investors of renewable energy company Latin American Power. SunEdison said in October that it terminated a deal for Latin American Power five months after agreeing to buy the company, which owns wind...

  • WINNIPEG, Manitoba, Feb 12- Ottawa may help pay for the clean-up of spent oil wells, Canadian Natural Resources Minister Jim Carr said on Friday. A crash in crude oil prices has led oil companies to abandon more wells, particularly in the western Canadian provinces of Alberta and Saskatchewan. Saskatchewan Premier Brad Wall on Monday asked Prime Minister Justin...

  • NEW YORK, Feb 12- While recently tighter U.S. financial conditions will factor into the Federal Reserve's upcoming policy decisions, it is "extraordinarily premature" to even talk about using negative interest rates to stimulate the economy, a top Fed official said on Friday. "To me, that's not something that should be part of the conversation right now," New York Fed...

  • NEW YORK, Feb 12- As Wall Street struggles to find its footing after a shaky start to the year, investors are not getting any solace from corporate earnings. The S&P 500 has lost about 9 percent since Dec. 31. "We're not going in the right direction in terms of earnings," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, Georgia.

  • NEW YORK _ Griffin Land& Nurseries Inc. on Friday reported fiscal fourth-quarter earnings of $164,000. The New York- based company said it had net income of 3 cents per share. For the year, the company reported net income of $425,000, or 8 cents per share, swinging to a profit in the period.