Daily Archives: January 16, 2013

US mortgage rules tightened

The US consumer regulator will unveil new rules for how financial groups must treat borrowers with home mortgages  More »

Wall St banks put brake on bonuses

Bank cuts pay by 11% and profits almost triple to $2.8bn in the fourth quarter, while separately JPMorgan reported net income up sharply from last year  More »

Citgo to settle in gas additive lawsuit

Citgo Petroleum Corp. and New Hampshire agreed to sever the company from an $816 million trial over groundwater contamination while a settlement is completed.  More »

Enbridge losing business to railroads, refiner says

Enbridge Inc.’s North Dakota pipeline system has been underused for the past three months as railroads move more oil out of the Bakken shale play, a refining company told U.S. regulators.  More »

Ebay details mobile retail payments push

For the full year the volume of mobile sales doubled to $13bn compared to 2011, while mobile payment volume on PayPal tripled to $14bn  More »

CVR Refining raises $600M in IPO

CVR Refining LP, the U.S. oil refiner controlled by billionaire investor Carl Icahn, raised $600 million in its initial public offering after pricing an increased number of units at the midpoint of the price range.  More »

Kinder Morgan reports rise in fourth-quarter profits

Kinder Morgan Energy Partners reported Wednesday that fourth-quarter profits were up sharply as the company expands to meet the transportation needs of the country’s growing energy production operations.  More »

HP rebuffs acquisition inquiries

Tech group is said to have responded with a firm ‘no’ to inquiries about whether the two Autonomy and Services businesses are for sale  More »

Militants seize gas workers in Algeria

Alleged Islamist militants attack a natural gas facility jointly operated by BP and Statoil in country’s southeast and kidnap nine foreigners  More »

Stocks struggle for momentum

A negative handover from Asia and Europe saw Wall Street open lower, though losses have been pared as Apple shares rebound.  More »

Oil & gas industry could see revenue sharing win this year

The oil industry’s top ambassador in Washington predicted Congress could move swiftly to give coastal states more revenue collected for energy development near their shores.  More »

Natural gas leader calls for better dialogue

Regina Hopper, president of America’s Natural Gas Alliance, says the debate over hydraulic fracturing has become too adversarial and residents of key states are tuning out.  More »
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