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US stocks slide following late slump in oil prices

NEW YORK (AP) — U.S. stock indexes are falling Tuesday afternoon and energy companies are sliding with the price of oil. Makers of household products are trading lower following mixed reports about consumer behavior in the U.S. KEEPING SCORE: The Dow Jones industrial average dropped 101 points, or 0.6 percent, to 17,771 as of 3:34 p.m. Eastern time. The Standard ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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Great Plains Energy to purchase Westar Energy

KANSAS CITY, Mo. (AP) — Great Plains Energy plans to buy Westar Energy, the largest utility company in Kansas. Great Plains in the parent company of KCP&L. The two companies announced Tuesday that the transaction has an estimated value of $12.2 billion. Westar Energy will be sold for $51 per share in cash and $9 per share in stock. The ...

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US stock indexes slip as consumer goods makers fall

NEW YORK (AP) — U.S. stock indexes are mostly lower Tuesday morning. Consumer goods companies are falling despite a report that showed spending by consumers jumped last month by the largest amount in six years. Major U.S. indexes are wrapping up a strong month that has brought them near their highest levels of 2016. KEEPING SCORE: The Dow Jones industrial ...

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Group that helped sell Iran nuclear deal also funded media

WASHINGTON (AP) — A group the White House recently identified as a key surrogate in selling the Iran nuclear deal gave National Public Radio $100,000 last year to help it report on the pact and related issues, according to the group’s annual report. It also funded reporters and partnerships with other news outlets. The Ploughshares Fund’s mission is to “build ...

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Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a ...

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Militants shut down Chevron’s Escravos, onshore in Nigeria

WARRI, Nigeria (AP) — Militants bombed a pipeline feeding electricity to Chevron’s Escravos terminal Thursday, shutting down the U.S.-based oil major’s onshore operations in Nigeria, the attackers and residents said. It was the third assault on a Chevron Nigeria facility this month. It’s the latest in a string of attacks claimed by the Niger Delta Avengers that has brought Nigerian ...

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$50 oil shouldn’t pose major threat to consumers, economy

NEW YORK (AP) — The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at least not yet. Analysts expect gasoline and airline fares to stay ...

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New Hampshire a big step closer to getting $236M from Exxon

CONCORD, N.H. (AP) — New Hampshire is a big step closer to getting a $236 million judgment after the U.S. Supreme Court said this week it wouldn’t hear Exxon Mobil’s appeal regarding its use of a gasoline additive that contaminated groundwater in the state. The case involved MTBE, or methyl tertiary butyl ether, a petroleum-based gasoline additive that has been ...

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Oil hits $50 for first time this year, helping stocks higher

LONDON (AP) — Stock markets around the world edged higher Thursday as traders interpreted the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. KEEPING SCORE: In Europe, Britain’s FTSE 100 was up 0.1 percent at 6,271 while France’s CAC rose 0.7 percent to 4,511. Germany’s DAX ...

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