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US stocks slide following late slump in oil prices

NEW YORK (AP) — U.S. stock indexes are falling Tuesday afternoon and energy companies are sliding with the price of oil. Makers of household products are trading lower following mixed reports about consumer behavior in the U.S. KEEPING SCORE: The Dow Jones industrial average dropped 101 points, or 0.6 percent, to 17,771 as of 3:34 p.m. Eastern time. The Standard ...

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Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

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US stock indexes slip as consumer goods makers fall

NEW YORK (AP) — U.S. stock indexes are mostly lower Tuesday morning. Consumer goods companies are falling despite a report that showed spending by consumers jumped last month by the largest amount in six years. Major U.S. indexes are wrapping up a strong month that has brought them near their highest levels of 2016. KEEPING SCORE: The Dow Jones industrial ...

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Great Plains Energy to purchase Westar Energy

KANSAS CITY, Mo. (AP) — Great Plains Energy plans to buy Westar Energy, the largest utility company in Kansas. Great Plains in the parent company of KCP&L. The two companies announced Tuesday that the transaction has an estimated value of $12.2 billion. Westar Energy will be sold for $51 per share in cash and $9 per share in stock. The ...

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Suspect arrested in death of ex-coal chief executive

CHARLESTON, W.Va. (AP) — An Ohio man fatally shot a former coal company executive at a cemetery where the businessman’s wife is buried and has been arrested on a first-degree murder warrant, a sheriff said Tuesday. A second man has also been charged as an accessory. Authorities said Anthony R. Arriaga of Delphos, Ohio, shot Bennett K. Hatfield on Monday ...

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Hercules Offshore strikes deal with lenders

NEW YORK (AP) — Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a ...

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Firm cancels application to build $3.3B natural gas pipeline

ALBANY, N.Y. (AP) — Houston-based Kinder Morgan has withdrawn its application for a federal permit to build a $3.3 billion natural gas pipeline and a network of compressor stations. The 420-mile Northeast Energy Direct pipeline was intended to send natural gas from Pennsylvania’s shale gas fields across upstate New York to New England. The company announced last month that it ...

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