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US stocks barely budge as banks slip after two-day surge

NEW YORK (AP) — U.S. stocks are hardly budging Thursday morning after big gains over the last two days. Banks and chemicals companies are down the most. However retailers, which have been pummeled in recent weeks, traded higher following a group of strong earnings reports. KEEPING SCORE: The Dow Jones industrial average fell 2 points to 17,849 as of 10:15 ...

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Exxon, Chevron shareholders reject climate resolutions

Exxon annual meeting

DALLAS (AP) — Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Environmentalists took solace, however, that some of their ideas gained considerable support. At Chevron Corp., a resolution asking for an annual report each year on how climate-change policies will affect ...

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The highest-paid CEOs by state

Here are the top-paid CEOs by state for 2015, as calculated by The Associated Press and Equilar, an executive data firm. The survey considered public companies with at least $1 billion in revenue that filed proxy statements with federal regulators on or before April 30, 2016. It includes CEOs who were newly hired, who often receive large grants as incentives. ...

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More gas stations can sell beer, despite looming court case

beer sold in PA gas stations

HARRISBURG, Pa. (AP) — The Pennsylvania Liquor Control Board is granting nine more licenses to businesses that sell gasoline. It’s the latest step in loosening the hold on beer sales by bars and beer distributors. The Liquor Control Board’s vote Wednesday is the first since February. That’s when the state Supreme Court said it would take up a case challenging ...

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Exxon, facing heat over climate change, holds annual meeting

New Hampshire

DALLAS (AP) — Exxon Mobil is holding its annual shareholder meeting as it faces volatile crude prices and investigations into what it knew and allegedly didn’t disclose about oil’s role in climate change. Shareholders are scheduled to vote Wednesday on resolutions including a policy to limit global warming, put a climate expert on the board, and report on the drilling ...

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Judge: Substantial progress in Volkswagen emissions talks

Volkswagen

SAN FRANCISCO (AP) — Volkswagen and attorneys for vehicle owners affected by the company’s emissions cheating scandal are on target to meet a June deadline for a final settlement proposal, a federal judge said Tuesday. Senior U.S. District Court Judge Charles Breyer said the parties have made substantial progress in reaching a deal for nearly half a million polluting Volkswagens ...

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Shell to cut at least another 2,200 jobs globally

Shell expects 4th Q profits to drop at least 40 percent

LONDON (AP) — Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry. The losses are in addition to cuts already being implemented because of the energy company’s merger with BG. The losses will include some 475 positions in the North Sea. Oil companies around the world are ...

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Global stock markets rally on US recovery hopes

global stock market

SEOUL, South Korea (AP) — Global stock markets rallied Wednesday as solid U.S. data raised expectations for a strong recovery in the world’s largest economy. European stocks were buoyed also by a deal to get Greece more rescue loans. KEEPING SCORE: Britain’s FTSE 100 rose 0.6 percent to 6,255 while France’s CAC gained 0.9 percent to 4,472. Germany’s DAX advanced ...

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Man indicted in $7.9M oil, gas fraud case in Kansas

idea of punishment for financial fraud, an employee of Whiting petroleum was recently charged with racketing and fraud charges

WICHITA, Kan. (AP) — A Hillsboro man has been indicted in connection to what prosecutors say was a $7.9 million oil and gas scheme. Acting U.S. Attorney Tom Beall said in a news release that 70-year-old David Lawson was indicted on one count of wire fraud Tuesday. Prosecutors say that while Lawson was the owner and director of Sonstone Trading ...

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Seafood company, lawyers must return $1 million in spill money

oil, spill, Seafood company

NEW ORLEANS (AP) — A federal judge has ordered the return of more than $1 million in settlement money granted to a seafood company after the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier (BAHR’-bee-aye) ruled Tuesday that Crystal Seafood Company defrauded administrators of a BP settlement fund by claiming to be an ongoing Port-Arthur, Texas-based business ...

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