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Global stocks rally as oil price climbs, optimism increases

SEOUL, South Korea (AP) — Global stock markets rallied on Tuesday as a rebound in oil prices and upbeat economic data brightened investor sentiment. KEEPING SCORE: Europe tracked Asia higher, with Britain’s FTSE 100 up 0.3 percent to 6,371.12 and France’s CAC 40 up 1.0 percent to 4,553.44. Germany’s DAX was the standout performer, jumping 2.3 percent to 10,355.62, after ...

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SandRidge Energy says antitrust investigation dropped

OKLAHOMA CITY (AP) — Oklahoma City-based SandRidge Energy Inc. says the U.S. Department of Justice has dropped an antitrust investigation into the company. The oil and natural gas company said Friday in a filing with the Securities and Exchange Commission that it was notified Thursday that it is no longer the target of an investigation into possible antitrust violations in ...

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Equipment rental offers economic benefits in low price environment

Light Tower Rentals, equipment rental

Oilfield operators are struggling to operate efficiently in today’s challenging environment. To avoid large capital expenditures and maintenance costs, more and more operators are shifting from buying equipment to equipment rental. Renting equipment provides customers with certainty because the costs to rent are predictable, and the rental company handles the maintenance, repair and delivery, which are variable expenses that can ...

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US stocks recover, oil prices drop after Doha meeting

US stocks recover, oil prices drop after Doha meeting

U.S. stocks moved higher in morning trading Monday, recovering from an early slump after major oil-producing nations failed to hammer out a deal over the weekend to cut oil production, sending oil prices lower. Consumer discretionary and financial companies were among the biggest gainers. KEEPING SCORE: The Dow Jones industrial average rose 45 points, or 0.3 percent, to 17,943 as ...

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US factory output fell again in March

WASHINGTON (AP) — U.S. factory output dropped in March for the second straight month as manufacturers churned out fewer cars, metal parts and machinery. Factory production fell 0.3 percent, following a 0.1 percent drop in February, the Federal Reserve said Friday. The figures suggest that American manufacturers are still struggling with the triple whammy of weak overseas growth, the strong ...

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US retail sales fall in March as Americans buy fewer cars

WASHINGTON (AP) — U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely. Sales at retail stores and restaurants fell by a seasonally adjusted 0.3 percent in March, the Commerce Department said Wednesday, following a flat reading in February and a drop in January. Americans have ...

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Ex-US scientist sentenced in attempted cyberattack

Ex-US scientist sentenced in attempted cyber-attack

WASHINGTON (AP) — A former Nuclear Regulatory Commission scientist has been sentenced to a year and a half in prison for plotting a cyberattack on federal government computers. Charles Harvey Eccleston was sentenced Monday in Washington’s federal court. He pleaded guilty in February to attempting to insert a virus onto an Energy Department computer network. Prosecutors say Eccleston, who was ...

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US Navy now requires climate change reporting from vendors

SUNNYVALE, California (AP) — The U.S. Navy on Tuesday became the first branch of the country’s military — the world’s single largest user of fossil fuels — to say it will start requiring big vendors to report their output of climate-changing greenhouse gases and work to lower it. Navy Secretary Ray Mabus announced the move at a Silicon Valley conference ...

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Montana still analyzing coal mine after sponsor shelves it

BILLINGS, Mont. (AP) — Montana officials will keep studying the potential effects of a major coal mine near the Wyoming border, despite a bankruptcy filing by its sponsor Arch Coal and its suspension of the project that could produce 20 million tons of coal a year, a state official said Thursday. Regulators want to determine to what extent streambeds need ...

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