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SandRidge Energy says antitrust investigation dropped

OKLAHOMA CITY (AP) — Oklahoma City-based SandRidge Energy Inc. says the U.S. Department of Justice has dropped an antitrust investigation into the company. The oil and natural gas company said Friday in a filing with the Securities and Exchange Commission that it was notified Thursday that it is no longer the target of an investigation into possible antitrust violations in ...

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Global stocks rally as oil price climbs, optimism increases

SEOUL, South Korea (AP) — Global stock markets rallied on Tuesday as a rebound in oil prices and upbeat economic data brightened investor sentiment. KEEPING SCORE: Europe tracked Asia higher, with Britain’s FTSE 100 up 0.3 percent to 6,371.12 and France’s CAC 40 up 1.0 percent to 4,553.44. Germany’s DAX was the standout performer, jumping 2.3 percent to 10,355.62, after ...

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Equipment rental offers economic benefits in low price environment

Light Tower Rentals, equipment rental

Oilfield operators are struggling to operate efficiently in today’s challenging environment. To avoid large capital expenditures and maintenance costs, more and more operators are shifting from buying equipment to equipment rental. Renting equipment provides customers with certainty because the costs to rent are predictable, and the rental company handles the maintenance, repair and delivery, which are variable expenses that can ...

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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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