By Kristen Hays and Jonathan Leff HOUSTON/NEW YORK (Reuters) -
For the past three years, the boom in the U.S. shale oil industry
has outstripped all expectations. Production surged far faster than
any forecasts; drillers raced to secure space in new pipelines to
get their crude to market. Now, at the periphery, that may be
changing - at least for a while. News from two of the country's
less developed shale plays in Colorado and Ohio last week offer a
reality check for the wave of euphoria that has washed across the
industry. ...
LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its
way to a $70.6 million domestic launch from Friday to Sunday,
though it's not setting any light-speed records with a debut that's
lower than the studio's expectations.
LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its
way to a $70.6 million domestic launch from Friday to Sunday,
though it's not setting any light-speed records with a debut that's
lower than the studio's expectations.
By Ernest Scheyder WATFORD CITY, North Dakota (Reuters) - In
towns across North Dakota, the wellhead of the North American
energy boom, the locals have taken to quoting the adage: "Whiskey
is for drinking, and water is for fighting." It's not that they
lack water, like Texas and California. They are swimming in it, and
it is free for the taking. Yet as the state's Bakken shale fields
have grown, so has the fight over who has the right to tap into the
multimillion-dollar market to supply water to the energy sector.
North Dakota now accounts for over 10 percent of U.S. ...
WASHINGTON (AP) — Sunbathers headed to the beach this summer
will find new sunscreen labels on store shelves that are designed
to make the products more effective and easier to use. But despite
those long-awaited changes, many sunscreens continue to carry SPF
ratings that some experts consider misleading and potentially
dangerous, according to a consumer watchdog group.
WASHINGTON (AP) — Sunbathers headed to the beach this summer
will find new sunscreen labels on store shelves that are designed
to make the products more effective and easier to use. But despite
those long-awaited changes, many sunscreens continue to carry SPF
ratings that some experts consider misleading and potentially
dangerous, according to a consumer watchdog group.
WASHINGTON (AP) — Sunbathers headed to the beach this summer
will find new sunscreen labels on store shelves that are designed
to make the products more effective and easier to use. But despite
those long-awaited changes, many sunscreens continue to carry SPF
ratings that some experts consider misleading and potentially
dangerous, according to a consumer watchdog group.
NEW YORK (AP) — Jamie Dimon, chairman and CEO of the country's
biggest bank, faces a key test this week: His shareholders are
voting on whether to let him keep both jobs.
NEW YORK (AP) — Jamie Dimon, chairman and CEO of the country's
biggest bank, faces a key test this week: His shareholders are
voting on whether to let him keep both jobs.
By Chris Francescani (Reuters) - A massive storm front swept
north through the central United States on Sunday, hammering the
region with fist-sized hail, blinding rain and tornadoes, including
a half-mile wide twister that struck near Oklahoma City. News
reports said at least one person had died. By 9:30 p.m. Central
Standard Time, more than two dozen tornadoes had been spotted in
parts of Iowa, Oklahoma, Kansas and Illinois, according to the
National Oceanic and Atmospheric Administration and local news
reports. ...
SHAWNEE, Okla. (AP) — One of several tornadoes that touched
down Sunday in Oklahoma turned homes in a trailer park near
Oklahoma City into splinters and rubble and sent frightened
residents along a 100-mile corridor scurrying for shelter.
PHOENIX (AP) — A Phoenix police officer and firefighter both
died Sunday after suffering critical injuries in separate accidents
on the job, officials said.
SEOUL, South Korea (AP) — South Korea is analyzing whether
projectiles North Korea fired into its eastern waters over the
weekend are short-range missiles or a new type of artillery the
country may be developing, officials said Monday.
LOS ANGELES (AP) — "Star Trek: Into Darkness" has warped its
way to a $70.6 million domestic launch from Friday to Sunday,
though it's not setting any light-speed records with a debut that's
lower than the studio's expectations.
CARACAS (Reuters) - Venezuela's recent designation of an acting
head of its diplomatic mission in the United States shows the OPEC
nation's desire to restore full diplomatic relations, the foreign
minister said in an interview broadcast on Sunday. Disputes between
Caracas and Washington were common during the 14-year-rule of late
socialist leader Hugo Chavez, leaving both nations without
ambassadors in each other's capitals. ...
WASHINGTON (AP) — Former Navy Secretary Richard J. Danzig,
who has served as a bio-warfare adviser to the president, the
Pentagon, and the Department of Homeland Security, urged the
government to stockpile an anti-anthrax drug while serving as a
director for the company that supplied it, according to a report
published Sunday.
By Katharine Houreld and Syed Raza Hassan ISLAMABAD (Reuters) -
An upmarket constituency of Pakistan's violence-plagued city of
Karachi voted again under tight security on Sunday, a day after
gunmen killed a senior politician from a reformist party in the
district and a week after general elections. It was not immediately
clear who killed Zara Shahid Hussain, a leading member of the
Pakistan Tehrik-i-Insaf (PTI) party of former cricket star Imran
Khan. Imran blamed the killing on the Muttahida Quami Movement
(MQM) party, which has a stranglehold on the city. ...
By Donny Kwok and Lavinia Mo HONG KONG (Reuters) - Armed with
empty suitcases and same-day return tickets, an army of mainland
Chinese is descending on suburban outlet shopping malls and
international fashion chains in Hong Kong, turning cheap into the
new chic as luxury falls out of favor. Wealthy Chinese used to stop
over in Hong Kong for a few days to pick up a Louis Vuitton bag or
a wristwatch for up to 40 percent less than in Beijing or Shanghai.
...
By Masayuki Kitano SINGAPORE (Reuters) - The yen pulled up from
a 4-1/2 year low against the dollar on Monday after Japan's
economics minister said a further steady drop in the yen could have
negative effects on households, pushing the dollar to a low of
102.00. "People say the excessively strong yen has corrected quite
a bit. If the yen continues to weaken steadily from here, negative
effects on people's lives will emerge," Economics Minister Akira
Amari told a Sunday talk show - sparking some buying back of the
yen in a thin market. ...
By Richard Weizel BRIDGEPORT, Connecticut (Reuters) - Thousands
of Connecticut commuters should brace for travel chaos on Monday as
Metro-North workers repair damage on the United States' busiest
rail line caused by the collision of two trains, officials warned
on Sunday. Lengthy detours and hours of traffic backups were likely
as many train commuters take to the road, officials said. The
Friday derailment of a Metro-North passenger train that struck a
commuter train between Fairfield and Bridgeport, Connecticut,
injured more than 70 people and halted full service on the line
indefinitely. ...
BEIRUT (AP) — Syrian troops pushed into a rebel-held town near
the Lebanese border on Sunday, fighting house-to-house and bombing
from the air as President Bashar Assad tried to strengthen his grip
on a strategic strip of land running from the capital to the
Mediterranean coast.
EDMOND, Okla. (AP) — One of several tornadoes that touched down
Sunday in Oklahoma turned homes in a trailer park near Oklahoma
City into splinters and rubble and sent frightened residents along
a 100-mile corridor scurrying for shelter.
EDMOND, Okla. (AP) — One of several tornadoes spawned by a
powerful storm system rumbling through the Plains and Midwest has
leveled several mobile homes in an area southeast of Oklahoma
City.
NEW YORK (AP) — The police officer who accidentally killed a
Long Island college student along with an armed intruder faced
perhaps the most harrowing decision in law enforcement: choosing
the split-second moment when the risk is so high that you must pull
the trigger.
Bruno Mars — and his band — kicked off the Billboard Music
Awards in silky red suits that matched their silky dance moves,
with bright gold disco balls hanging above them.
Here's one place where the president didn't have a dramatic
week: in his approval ratings. According to two polls — the Gallup
daily tracking poll, and a CNN/ORC International poll released
Sunday — Obama's approval rating has more or less remained steady
as potential scandal upon potential scandal blew up the news
cycle.
VIRGINIA BEACH, Va. (AP) — Two FBI special agents on the
agency's elite Hostage Rescue Team have been killed in a training
accident in Virginia, officials said Sunday.
By Bernie Woodall and Karen Pierog DETROIT (Reuters) - Bond
restructurings, negotiated settlements with bondholders and bond
insurers, and tough talk with unionized workers are on the agenda
as Detroit's emergency financial manager tries to meet a
self-imposed, six-week deadline to decide whether the city can get
through its financial crisis without a bankruptcy filing. Kevyn
Orr, a former bankruptcy lawyer, in his first report to the state
of Michigan since Governor Rick Snyder appointed him, laid out last
week a bracing picture of steps he may need to take to address the
city's troubles. ...
By Chris Francescani NEW YORK (Reuters) - A dangerous, half
mile-wide hurricane struck near Oklahoma City Sunday afternoon,
part of an extreme weather system moving through the central U.S.
and stretching from north Texas to Minnesota. At 6:12 p.m. Central
Standard time, the National Weather Service office in Norman,
Oklahoma issued an insistent alert on Twitter about tornado
striking Pink, a town on the edge of Oklahoma City. "Large tornado
west of Pink!" the post read. ...
EDMOND, Okla. (AP) — A powerful storm system rumbled through
the Plains and upper Midwest on Sunday, spawning tornadoes that
damaged homes and buildings near Oklahoma City and put the Tulsa
area on high-alert.