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American Eagle pilots' union rejects contract proposal

The leader of the union representing American Eagle pilots say the U.S regional carrier's 3,000 pilots won't be asked to vote a contract with more concessions.

Chinese researchers propose energy strategy revamp

The director of a Chinese government research institute has suggested China revamp its energy strategy to secure its energy future.

Long-term lending rates little changed in week

Interest rates on mortgage loans were little changed in a week with few influential economic reports, the Federal Home Loan Mortgage Corp. said Thursday.

Inventory build outpaces sales in December

Business manufacturing and trade sales rose in December, but slower than the inventory build, the U.S. Census Bureau said Thursday.

Retail and food sales slipped in January

Retail and food-service sales dropped 0.4 percent in January to $427.8 billion, the U.S. Census Bureau said Thursday.

New home prices rise nominally in Canada in December

New home prices in Canada rose nominally in December, Statistics Canada reported Thursday.

At work, the perks often involve a married partner

Work and romance frequently involves at least one person in the relationship who is married, a CareerBuilder survey of U.S. workers found.
January has a post-holiday foreclosure spike

January has a post-holiday foreclosure spike

U.S. foreclosure activity fell on an annual basis for the 40th consecutive month in January, online market monitor RealtyTrac said Thursday.

Partners agree on Johan Sverdrup development

Norwegian energy company Statoil said its partners, Maersk Oil and Lundin Petroleum, made a "historic" decision Thursday on Johan Sverdrup field development.
Ignition switch problem prompts GM to recall 778,000 cars

Ignition switch problem prompts GM to recall 778,000 cars

General Motors Co. Thursday said it recalled 778,562 older model Chevrolet Cobalts and Pontiac G5s to fix an ignition switch problem.

Comcast approves deal to buy Time Warner Cable for $45 billion

Comcast Corp. will buy Time Warner Cable in an all-stock transaction valued at $45.2 billion, people with knowledge of the matter told the Los Angeles Times.

First-time jobless claims rise by 8,000 in week

First-time unemployment benefits claims rose by 8,000 to 339,000 in the week that ended Saturday, the U.S. Bureau of Labor Statistics said.

U.S. reviews threats to energy from cyberattackers

A roadmap on cybersecurity can help policymakers protect critical U.S. energy infrastructure from evolving threats, U.S. Energy Secretary Ernest Moniz said.

Oil industry welcomes Landrieu to Senate energy chair

The American Petroleum Institute said Sen. Mary Landrieu, D-La., will ensure U.S. energy security through "smart policies" as Senate energy committee chair.

Apache, YPF deal in Argentina a win-win

U.S. energy company Apache Corp. said it was selling off its operations in Argentina to better focus on drilling operations in North America.

Non-OPEC production lauded by IEA

Production outside the Organization of Petroleum Exporting Countries helped with the increase in oil output since last year, the IEA said Thursday from Paris.

Eni unveils major oil, gas find off Congolese coast

Italian energy company Eni said Thursday it made a "significant" discovery of oil and natural gas while drilling off the coast of Congo.

Turkey stays on sidelines of Iran's energy sector

Turkish Energy Minister Taner Yildiz said he's ready to listen if Iran comes forward with new energy investment proposals, but nothing is in the works.

Scotland says independence will make it a reliable energy partner

Scottish Energy Minister Fergus Ewing said Thursday independence will give Edinburgh a chance to boost renewable energy trade with its neighbors.

Africa part of 'exciting' future for Tullow Oil

Aidan Heavey, chief executive officer for Tullow Oil, said his company has ambitious plans for its oil operations in Africa this year.

Queen to launch HMS Queen Elizabeth II carrier in July

Queen Elizabeth will launch the Royal Navy's super-carrier named for her in Scotland in the summer.

Australia concerned about Asian arms race

Australia's greatest future threat is China, a just released Australian Strategic Policy Institute report concluded.

Japan upgrading air forces in response to regional threats

Japan, concerned about rising regional tensions, will spend more on defense, government officials said.

New Zealand takes delivery of General Dynamics mobile bridges

New Zealand's army has taken delivery of four mobile bridge systems from General Dynamics European Land Systems and four prime mover construction trucks from Rheinmetall MAN Military Vehicles in Germany.

Lockheed Martin wins Saudi helicopter contract

Lockheed Martin has won a $22 million contract for upgrading Royal Saudi Arabia helicopter software.
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