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US stocks end a down week on an up note

FILE - This Jan. 4, 2010, file photo, shows an historic marker on Wall Street in New York. Worries over the global economy weighed heavily on stock markets Monday, Feb. 8, 2016, with Europe bearing the brunt of the selling. And oil prices fell further, with the benchmark New York rate below $30 a barrel again. (AP Photo/Mark Lennihan, File)

U.S. stocks ended a down week on an up note, finishing sharply higher on the strength of energy and financial shares. It was the market’s first up day since late last week. Despite the rebound Friday, the major indexes ended the week down about 1 percent. Oil jumped 12 percent, helping lift energy company shares. Banks shares soared, led by ...

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Black Hills Corp. completes purchase of SourceGas Holdings

Evening and night views of natural gas fired electric generation plant, Pueblo, Colorado. (Image courtesy of Black Hills Energy)

RAPID CITY, S.D. (AP) — South Dakota-based Black Hills Corp. says it has completed its purchase of Colorado-based SourceGas Holdings. Black Hills Corp. serves 792,000 natural gas and electric utility customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. SourceGas is a natural gas utility serving about 425,000 customers in Arkansas, Colorado, Nebraska and Wyoming. Utility commissions in ...

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Oklahoma budget hole jumps to $1.3 billion amid downturn

"Foggy Bottom Pump Jack" in Duncan, Oklahoma. (Image: duggar11 via Flickr)

OKLAHOMA CITY (AP) — Oklahoma finance officials say the hole in next year’s budget has increased to $1.3 billion, or nearly 20 percent of last year’s spending, amid depressed oil prices. The Office of Management and Enterprise Services announced Thursday that plunging revenue collections have widened the shortfall from the original projection of $900 million in December. A state panel ...

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Huntsman Corp. posts 4Q profit

Huntsman Corp. posts 4Q profit

Woodlands-based manufacturer Huntsman Corp. remains profitable even in a weakening economy with tighter profit margins. The company reported a net income gain of $9 million in the fourth quarter of 2015. The company recorded a net loss of $35 million during the fourth quarter 2014. Huntsman kept its earnings positive even though its quarterly revenues declined by 23 percent from $2.95 ...

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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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