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Louisiana and Mississippi driller Goodrich files bankruptcy

goodrich files bankruptcy

JACKSON, Miss. (AP) — One of the oil companies most active in drilling wells in the Tuscaloosa Marine Shale formation in Mississippi and Louisiana has sought bankruptcy protection. Houston-based Goodrich Petroleum filed for Chapter 11 bankruptcy Friday after securities owners rejected swapping their holdings for common stock to lower debt payments. The company cites $99 million in assets against $507 ...

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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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Environmental groups sue US over pollution from airliners

WASHINGTON (AP) — A coalition of environmental groups sued U.S. regulators Tuesday over long-sought pollution standards for airliners and cargo planes. The Center for Biological Diversity and Friends of the Earth filed a lawsuit in U.S. District Court in Washington. The groups allege the Environmental Protection Agency has unreasonably delayed for years using the Clean Air Act to enforce limits ...

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Peabody Chapter 11, helps draw attention to coal reclamation

Peabody Chapter 11, helps draw attention to coal reclamation

CHEYENNE, Wyo. (AP) — The bankruptcy of yet another major coal company helps draws attention to plans for financially troubled coal companies to cover the potentially huge costs of filling and restoring to a natural state mines that sooner or later might permanently close amid the industry’s downturn. St. Louis-based Peabody filed for Chapter 11 bankruptcy Wednesday. Peabody’s mines include ...

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US stocks steady ahead of global economic talks

LONDON (AP) — U.S. stocks are little changed as investors weigh first quarter results from several financial companies and look ahead to weekend meetings on economics and oil. Oil prices slipped early Friday, dragging energy companies lower. Citibank said first quarter profit declined sharply, but results beat expectations and Citi shares rose 2.4 percent. This weekend, finance ministers from leading ...

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