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Obama signs legislation designating bison as national mammal

national mammal, bison

WASHINGTON (AP) — The bison has become the official national mammal of the United States under legislation signed into law by President Barack Obama on Monday. Lawmakers spearheading the effort say the once nearly extinct icon deserves the elevated stature because of its economic and cultural significance in the nation’s history. Millions of bison once roamed the Great Plains. About ...

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Kerry: US won’t block foreign business under nuclear deal

Kerry: US won't block foreign business under nuclear deal

NEW YORK (AP) — The Obama administration is trying to address Iranian complaints that U.S. financial regulations are denying Iran the sanctions relief it deserves under last year’s landmark nuclear deal. Meeting with Iran’s foreign minister on Friday, Secretary of State John Kerry said the United States would not stand in the way of foreign banks or firms doing business ...

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Global trade of LNG hits record high

Global trade of LNG hits record high

Global trade of liquefied natural gas (LNG) reached record numbers in 2015, according to a new report. The International Group of LNG Importers said shipments of LNG grew by 2.5 percent to an all-time high of 245.2 million tons annually. Increased trade was driven by new liquefaction plants in Indonesia and Australia. The new facilities began exporting LNG to customers ...

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Crude oil train numbers declined last year

Crude oil train numbers declined last year

OMAHA, Neb. (AP) — Freight railroads delivered 17 percent fewer carloads of crude oil last year after oil prices collapsed. The Association of American Railroads said Wednesday 410,249 carloads of crude oil were carried across the United States last year, down from 493,126 carloads in 2014. But the number of crude oil carloads remains well above the 9,500 carloads railroads ...

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Echoes of 1991 Gulf War linger on in Mideast

Echoes of 1991 Gulf War linger on in Mideast

The 1991 Gulf War saw only 100 hours of ground fighting as U.S. forces entered Kuwait to end the Iraqi occupation but echoes of that conflict have lingered on for decades in the Mideast. The war pushed America into opening military bases in the Persian Gulf and Saudi Arabia, drawing the anger of an upstart militant named Osama bin Laden ...

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Shale boom leads US to first annual trade surplus with OPEC

In 2015, the United States recorded an annual trade surplus with the Organization of the Petroleum Exporting Countries. For the first time ever in trading with OPEC, exports exceeded imports. The United States finished $6.6 billion in the black, according to the U.S. Bureau of Economic Analysis data. More than $72 billion worth of goods were exported to OPEC countries, ...

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Oil, gas companies lead early decline in stocks

NEW YORK — Stocks were moderately lower Monday morning as the price of oil took another tumble amid renewed concerns about the Chinese and U.S. economies. KEEPING SCORE: The Dow Jones industrial average lost 56 points, or 0.3 percent, to 16,411 as of 11:25 a.m. Eastern. The Standard & Poor’s 500 index lost seven points, or 0.4 percent, to 1,931 ...

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Gas, oil rigs down as Texas takes hit

Texas down 10 in weekly rig count

The number of active rigs searching for oil and gas in the United States dropped down 14 from last week for a total of 650 rigs. Texas saw the steepest decline, as seven rigs shut down, according to oilfield service company Baker Hughes. Just one oil rig shut down as crude oil prices continue to slump. The total number of ...

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US manufacturers shrink for 2nd month amid slowdown

US manufacturing shrinks for 2nd month amid global slowdown

WASHINGTON — U.S. manufacturers contracted in December at the fastest pace in more than six years as factories cut jobs and new orders shrank. The Institute for Supply Management said Monday that its index of factory activity fell to 48.2 from 48.6 in November. Any reading under 50 signals contraction. The figures suggest that the troubles weighing on manufacturers last year ...

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