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Schlumberger Buying Cameron International in $12.71B Deal

August 26, 2015 10:33 am | by Associated Press | Comments

The transaction would create an oilfield equipment and services powerhouse.

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Report: Midwest Gas Prices To Fall With BP's Indiana Refinery Restarted

August 26, 2015 10:26 am | by Andy Szal, Digital Reporter | Comments

The refinery — the Midwest's largest — spiked gas prices in the region after it was shut down earlier this month, and its restart reportedly could result in a considerable price drop.

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AP Survey: Dimmer Outlook for U.S. Economy, Wages and Hiring

August 25, 2015 11:27 am | by Christopher S. Rugaber, AP Economics Writer | Comments

A majority of the nearly three dozen who responded to the survey predict tepid economic growth, weak pay gains and modest hiring for the next two years at least.

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U.S. Crude Closes Under $40 a Barrel to Breach Long-Time Low

August 25, 2015 11:22 am | by Associated Press | Comments

Oil hadn't closed below $40 since February 2009, although it briefly traded below that level on Friday. Monday's closing price was the lowest since Feb. 18, 2009.

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Dutch Nutritional Supplement Maker DSM to Cut 900-1,100 Jobs

August 25, 2015 11:20 am | by Associated Press | Comments

The company announced the job cuts Tuesday, saying the move would cut costs by 125-150 million euros ($144-173 million) by the end of 2017.

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Sewage Spill Prompts Closure of Famed Hawaii Beach

August 25, 2015 11:15 am | by Caleb Jones, Associated Press | Comments

The Waikiki beach area was closed Monday after storm water flowed into the city's sewage system as a weather system linked to Tropical Storm Kilo dumped heavy rain on the islands.

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Russia Removes Foreign Detergent, Washing Powder from Shops

August 25, 2015 11:11 am | by Associated Press | Comments

The Consumer Protection Agency said that recent inspections of selected goods by top foreign brands such as Colgate-Palmolive and Procter & Gamble have found high levels of toxic ingredients.

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Navajo Farmers Reject Use of Water After Mine Spill

August 25, 2015 11:07 am | by Felicia Fonseca, Associated Press | Comments

Though officials say water quality has returned to the level it was before the spill, farmers reportedly don't want to risk contaminating the soil for future generations.

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Oil-Covered Beach Near Santa Barbara, California Reopens

August 25, 2015 10:54 am | by Associated Press | Comments

The beach was closed this past Friday after officials found more and more liquid oil over a 300-yard stretch.

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Report: Investors Could Benefit From Lifting Iranian Sanctions

August 25, 2015 10:45 am | by Andy Szal, Digital Reporter | Comments

The country produces chemical feedstock at among the lowest costs in the world and maintains access to major markets.

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Washington State: Car Wash Chemical Dangerous to Workers

August 24, 2015 11:20 am | by Associated Press | Comments

A recently-published report looked at workers' compensation injury reports from 2001 to 2013, finding 48 workers suffered burns from hydrofluoric-acid-based car wash products.

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EPA Knew of 'Blowout' Risk for Tainted Water at Gold Mine

August 24, 2015 11:15 am | by Michael Biesecker and Matthew Brown, Associated Press | Comments

EPA released documents shed some light on the circumstances surrounding the Aug. 5 accident, and raise more questions about whether enough was done to prevent it.

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Dubai, Saudi Markets Lose 7 Percent After Oil Prices Dip

August 24, 2015 11:10 am | by Aya Batrawy, Associated Press | Comments

Sunday was the first day of trading in the Middle East after Brent crude, a benchmark for international oil, fell more than a dollar to close Friday at $45.46 while the price of U.S. crude closed at $40.45.

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Explosion Rips Through Chemical Plant in Eastern China

August 24, 2015 11:03 am | by Associated Press | Comments

At least nine people were reportedly injured in the explosion in the Shandong province city of Zibo, just over a week after a similar blast at a Chinese chemical warehouse killed more than 100 people.

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Proposed Mine Exploration Draws Nearly 6K Public Comments

August 24, 2015 10:54 am | by Associated Press | Comments

The U.S. Forest Service reportedly received about 4,100 comments and the Montana Department of Environmental Quality received another 1,700 by Thursday's deadline about a proposed gold mine near Yellowstone National Park.

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