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US stocks open higher as oil rebounds, banks rise

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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US markets dive amid global selloff

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. Global markets shuddered again Thursday, Feb. 11, 2016, with bank stocks in particular getting hammered, oil falling further and investors turning to perceived safe havens like gold. (AP Photo/Mark Lennihan, File)

U.S. stocks moved sharply lower early Thursday following steep market declines all around the world as concerns about global economic weakness intensified. Financials stocks were among the biggest decliners as investors worried that interest rates in the U.S. and elsewhere would remain low. KEEPING SCORE: The Dow Jones industrial average fell 173 points, or 1.1 percent, to 15,741 as of ...

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Sourcewater – helping SWDs stay afloat in turbulent times

Among the many challenges operators face in this down-market, produced water management remains their single largest operating expense. Across the board, onshore E&P’s have significantly reduced capital investment – rig counts are down and operators have high-graded assets. Yet, while ongoing declines in the price of oil further suppress drilling and completion activity, the constant stream of produced water from ...

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TransCanada takes 4Q hit after Obama blocks Keystone XL

CALGARY, Alberta — Energy company TransCanada Corp. says it lost US$1.79 billion (CA$2.5 billion) in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary-based company reported Thursday that it took a US$2.08 billion (CA$2.9 billion) non-cash charge related to Keystone XL, which President Barack Obama blocked late last year. The loss amounted to US$2.48 (CA$3.47) ...

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Federal budget in black for January

WASHINGTON — The federal government recorded a budget surplus in January of $55.2 billion, helped by a timing quirk that shifted benefit payments to December. The Treasury Department said Wednesday that the surplus marked an improvement from January 2015 when the government recorded a small deficit of $17.5 billion. Part of the improvement reflected the fact that $42 billion in ...

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