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Oil and gas company founded by Aubrey McClendon to close

Aubrey McClendon

OKLAHOMA CITY (AP) — American Energy Partners, the Oklahoma City-based oil and natural gas company founded by the late energy tycoon Aubrey McClendon, is shutting down. The company’s leadership team released a statement Wednesday saying it had decided to wind down operations but the five independent companies it had launched wouldn’t be affected. McClendon co-founded Chesapeake Energy and served as ...

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North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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Stocks edge higher in early morning ahead of Fed minutes

NEW YORK (AP) — Stocks shook off an early loss and are edging higher in morning trading Wednesday as investors wait for minutes from the Federal Reserve’s last policy meeting. They’ll be looking for any hints on whether the Fed will raise interest rates next month. Consumer goods retailers dropped after Target reported weak sales. KEEPING SCORE: The Dow Jones ...

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Koch group puts another $2.2 million into Ohio’s Senate race

WASHINGTON (AP) — Political groups backed by billionaires Charles and David Koch are spending $7.7 million on television and online advertising in the Ohio Senate race — part of a broader plan to focus on the Republican-led Senate instead of the presidential race. The latest wave of ads in the matchup between incumbent Republican Sen. Rob Portman and Democratic former Gov. ...

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Stocks lower in morning after sizable gains the day before

stocks

NEW YORK (AP) — Stocks are mostly falling Tuesday morning as investors sift through new economic reports and earnings results. Utilities, consumer goods companies and banks fell the most after the market made sizable gains the day before. Wal-Mart Stores and JPMorgan Chase each dropped 1 percent, among the biggest declines in the Dow Jones industrial average. KEEPING SCORE: The ...

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US industrial production jumps by most since November 2014

Industrial production

WASHINGTON (AP) — U.S. industrial production in April posted the biggest increase since November 2014 as utility output surged, the Federal Reserve said Tuesday. Industrial output — which includes factories, mines and utilities — rose 0.7 percent from March. It had dropped the previous two months. Fueling the improvement was utility production, which surged 5.8 percent in April. It was ...

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NY utility workers want deterrent from attacks

ALBANY, N.Y. (AP) — Utilities and their labor unions are asking New York lawmakers to make it a felony when anyone attacks utility workers. They say the legislation is necessary as a deterrent particularly for those in the field restoring lost power, who are at high risk of violence. Advocates say similar laws have been enacted in New Jersey, Massachusetts ...

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US stocks climb in broad rally as crude oil rises

NEW YORK (AP) — A jump in oil prices and some deal news helped send stocks up broadly Monday, breaking a three-day losing streak. Investors bought from the start of trading, pushing oil drillers and other energy stocks up sharply. A bullish oil report from Goldman Sachs helped send benchmark U.S. crude up 3.3 percent to its highest close in ...

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SandRidge Energy files for bankruptcy with $4.1B in debt

Oklahoma City, Sandridge Energy

OKLAHOMA CITY (AP) — SandRidge Energy filed for bankruptcy protection Monday, saying it hopes to convert $3.7 billion of long-term debt into equity while allowing the company to keep its operations going. The Oklahoma City-based company filed the Chapter 11 paperwork in the U.S. Bankruptcy Court for the Southern District of Texas. The petroleum and natural gas exploration company said ...

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